Investing your money is a real challenge. And with COVID-19, it’s even impossible to select the right place to invest in. Even while gold and real estate are still on our list for 2022, we also consider running a business and P2P financing.

1.    Peer-to-Peer Investing

P2P lending, or peer-to-to-peer lending, is a relatively recent development in the world of finance. Loans for businesses, personal usage, or anything else you can think of are available through online P2P lending platforms. If the borrower meets the criteria, you may fund the loan by joining the investors who are prepared to provide money.

P2P lending does not entail the involvement of a bank. You and other investors often combine their money to provide a loan to the person requesting funding. After that, you’ll get a set monthly payment, which will include the interest you owe. In many cases, P2P lending returns are more significant than those you would obtain from traditional savings vehicles.

2. Investing in Property

It is possible to acquire and own property in real estate investments. One way to make money in real estate is to acquire a home, duplex, or other multi-family structure and then rent it out to others. You may only be required to put down a small amount of money, and the bank will cover the rest. You benefit from both the rental income and the property’s value increase.

Make sure that you’re ready to be a landlord before acquiring real estate. Things fail, accidents happen, and rent is not paid on time, so that it can be stressful. If you want to reap the financial rewards of property ownership without the burden of being a landlord, there are several different possibilities available to you.

If you don’t want to deal with renters, collecting rent, making repairs, and so on, you may engage a property management firm to take care of it all. However, it may be worth the investment in the long term.

3. Investing in Gold

To many, gold is an inflation hedge, a store of wealth that can be easily converted into cash, and a haven from inflation. As a result, it is a sought-after asset class and a formidable rival to equities.

For its low connection to other asset types, gold is considered a good diversifier.

During times of crisis, gold may serve as a lifeline for those in need of a safety net.

It is essential to diversify your investment portfolio. Non-stock investment vehicles might also be a viable option if you’re looking to diversify your portfolio. You should think about where your money would grow the most in terms of risk tolerance. Keep in mind that the possible benefits are proportional to the degree of risk.