5 Best Investments Options You Should Consider In The 2nd Quarter of 2021.

Quarter one (Q1) of 2021 ended on a not so pretty note for the Nigerian economy as the Nigerian stocks plunged further into negative in March 2021. Although the country had exited recession caused by the effects of covid-19 by the end of the fourth quarter(Q4) in 2020, the inflation rates skyrocketed up to 17% in February 2021.

As we officially begin the second quarter(Q2), one thing you should seriously reconsider is knowing and taking actions towards the best investment options to grow or nurture your wealth. Highlighted in this piece are 5 best investment options for you based on the current market trends:

1. High yield savings account: This type of account allows you to invest for a goal or set aside money for a rainy day while completely optimizing the interest received on your deposits. You should take advantage of tiered interest rates, which means that the higher the balance, the higher the interest gained.
2. Real Estates: Real estate investment opportunities can be very attractive, but they sometimes necessitate a high-stress tolerance and readiness for the unexpected. Some types of real estate assets will easily produce cash flow. Others can need a little more time to generate cash returns.
   Real estate can be a profitable investment based on the level of interest, risk exposure, and available start-up funds.
3. Stocks: One of the best ways of creating wealth is through the stock market. Clichéd as it may sound, the rules of striking gold in the stock game are simple — planning, patience, and long-term commitment. Big money is made and lost overnight in stock but once you know the waters you are treading, creating wealth shouldn’t be an issue.
4. Personal development: Investing in yourself is always the best long-term decision you can make. It provides you with the potential to maximize your earning capacity, which would have a significant positive effect on any other financial operation you engage in. Investing in yourself does not have to be limited to boosting your career prospects. You should also invest in other aspects of your life, such as bettering your health or learning to be a better investor. Either choice has the potential to increase your long-term financial condition as well as your overall quality of life.
5. Side hustle: In a very real way, investing in a side business is the best form of investing in yourself. The good part is that it is not as complicated as you may think. Most side businesses start with either a hobby or by converting what you do on your primary job to a second income source.

Implementing plans to maximize your financial gains, boost your ability to make a living (or remain employed), and having greater leverage on your cash flow will lead to significant changes that will improve both your finances and the quality of your life.