Avoid These 3 Investing Mistakes in 2022 | Personal-finance

This does not mean that you should not invest money in cryptocurrencies. But should you do it at the cost of being able to add quality stock to your portfolio? Mostly not. Your best bet is to invest a small portion of your available funds in cryptocurrencies, but don’t go overboard with digital currencies.

3. Stay away from real estate

You might assume that real estate is a bad investment option for you because you don’t want to own and maintain real estate — and face the risks that come with that, such as having to deal with repairs. But in fact, branching out into real estate can be a good way to get some diversity in your portfolio. And you can do this without having physical properties.

Real estate investment trusts, or REITs, are companies that own and manage various properties, whether they are business centers, warehouses, or data centers. Like stocks, many REITs are publicly traded on major exchanges, so it’s easy to keep track of their stock prices.

REITs are, to a large extent, a safer investment than owning physical real estate because they offer greater liquidity. You can sell a REIT faster than you can complete a home sale. And because REITs tend to pay higher dividends than most stocks, it’s also a good way to secure a steady income stream that you can use or reinvest.

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