It’s hard to believe for most of us that 2020 is nearing its end. Many unexpected things have happened over the past ten months that it might seem like life will never get back to normal. Where in the world do you even start with investing right now? What sorts of “safe” investments can you make, let alone “profitable” ones? If you’re unsure where to start, here are the top 10 new investment ideas to think about:
While it’s most definitely not a “new” company, investing in a fast food restaurant is something that a surprising number of investors haven’t thought about until recently. Since many dine-in restaurants still aren’t opening back up, many people have to either cook their food or head to the drive-thru. What drive-thru restaurant somehow always makes itself relevant as much as McDonald’s (NYSE: MCD)?
2. Intuitive Surgical, Inc
Robotic surgery is the way of the future, and this corporation (NASDAQ: ISRG) is certainly staying on top of things. It is a company that develops, markets, and manufactures robotic surgical products. These products intend to improve clinical outcomes of those going through minimally invasive surgery – primarily via the da Vinci Surgical System.
3. Real Estate Investment Trusts
If chosen carefully, REIT stocks can offer insulation against economic downturns. Equinix (EQIX), for instance, is a data center / IT REIT that has connections in 50+ cities across multiple continents. Farmland REITs are worth looking into as well.
4. Overseas Dividend Stocks
Foreign stocks now have a place in the top 10 new investment ideas due to the US dollar’s weakening value. Telecom investments in Asia and Canada and oil companies in Europe are a few areas to get some ideas.
5. Corporate Bonds (Short-Term)
If you’re a day trader, then short-term corporate bonds are worth considering. They are issued by the leading corporations to help fund their investments. Investing in one of these bond funds means that you might be able to profit from the corporation’s collection of assets.
6. Vanguard S&P 500 ETF
This ETF (VOO) is in the S&P 500 and has $520 billion in net assets. It provides a broad-based, diversified portfolio of all of the biggest companies in the US. Investing in this ETF is an excellent opportunity for getting some of these large corporations in your portfolio.
7. Money Market Account (bank)
While this type of investment isn’t “new” itself, it’s a good and relatively safe option for new investors. If you want a safe place to put your money with a chance to earn interest, then open a money market account at an online bank. Make sure the FDIC backs it.
8. IPO Stocks
Initial public offering stocks can offer the top 10 new investment ideas for most types of investors. IPOs are the primary vehicle for many companies entering the public markets. Just be careful with your decision about which one(s) to invest in and review critical metrics.
9. Zoom Video Communications
Zoom (NASDAQ: ZM) is currently the #1 as far as virtual business meetings, and online classrooms go, and it’s here to stay. It offers web conferencing services and video-first communication solutions that include voice, video, chatting, content sharing, and more.
This cloud-based “software-as-a-service” provider (NASDAQ: DDOG) offers “app performance” monitoring solutions, which are very appealing to consumer-facing businesses. It is growing and expected to be in high demand.
These top 10 new investment ideas are just the beginning. Get updates and more ideas via Motley Fool.