The allure of cryptocurrency is the same as the draw for betting it all on black — although many investment experts say that it might pay off big in the long run, there’s no big reward without the big risk it holds.
If the idea of betting your entire nest egg on lofty promises piques the gambler’s spirit in your blood, there’s a number of less crazy investment ideas that aren’t exactly in the vanilla category.
Even the bluest of blue-chip stocks had to start out somewhere. If the story of Steve Jobs’ garage-based computer workspace inspires you, there are plenty of startups all across the globe — and one of them could be the next big thing.
Bonus: The biggest successes usually remember the ones who believed in them when nobody else would. If they make their mint, the biggest returns often go to the earliest investors.
Thanks to the likes of IndieGoGo and Kickstarter, great ideas can now participate in an income-driven popularity contest — if people want to help get one off the ground, there are options to be rewarded handsomely. If you found a company you truly believe in, put your money where your mouth is — and you have the potential to reap the benefits in some stock-options.
3. Small/Micro-Cap Stocks
If you dig beneath the surface in the stock market and wade past the comfy world of Google, Apple and the like, you’ll stumble on the Micro-Cap market. Capped off at a fraction of the price of a blue-chip, you can snag a bunch of shares for an up-and-coming company — one that might have the potential to explode in growth.
4. Biotech Stocks
The only thing that changes faster than the economy is the medical frontier. Thanks to advancements in science, advancements in medicine could also mean huge advancements in your bottom line. These small-cap BioTech firms typically start out with “one big idea,” which if it fails the gauntlet of clinical trials — which it most likely will — won’t make a cent. But in the off-chance it develops an effective treatment, you’re looking at a payday that’s sure to spike.
5. Cannabis Stocks
Thanks to the wave of cannabis legalization across the nation, if you’re interested in an investment opportunity, don’t overlook cannabis stocks.
Due to the cognitive dissonance between regulatory laws — state laws are becoming more lax, whereas marijuana remains Schedule I classified on a federal level — stock prices are cheap because of the potential risks with supply. If you buy in now — and if the government loosens its grip — your wallet could thank you for it.
Disclaimer: This article is produced for informational purposes only and is not a recommendation to buy or sell any securities. Investing comes with risk to loss of principal. Please always conduct your own research and consider your investment decisions carefully.