5 Cryptocurrencies That Serve Useful Purposes


As they’ve gone mainstream, digital currencies have been largely treated as an asset class. People invest in Bitcoin and other cryptocurrencies the way they buy stocks or commodities (and the IRS seems to have concluded that they should be taxed accordingly). But since cryptos are essentially software functions, people are constantly trying to optimize designs to different ends. Thus, for those who may not be interested in investment, it can still be interesting to see some of the things developers are trying to achieve.

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6 Steps to Start Investing

Investing money can be exciting, but also daunting, especially if it’s your first time. There are a number of ways you can invest your cash in the hope you’ll get decent returns, all which come with different conditions and considerations. You might want to buy shares in the stock market, purchase premium bonds, put money into property – whatever method you choose for your investment, there are the same initial considerations that you should take into account.

So, where do you start? We’ve listed six steps for you to follow when you choose to start investing.

1.Determine if you’re ready

Before you start investing, it’s important that you make sure you’re actually in a position to do so in the first place. Do you have any debts or outstanding payments? Always clear all your debts first, so that you are in the best position possible. Ideally, you’ll have a lump sum set aside to invest with – it’s never a good idea to use all your money at once when investing. If you’re satisfied that you’ve got a decent amount to invest, as well as an adequate amount in an account to keep you going should your investment fail, then you’re ready to start the process.

2.Have back-up funds

Always have an emergency fund set aside, preferably in an easily accessible account, if you’re going to be investing any money. Not only can this be used as a buffer should your investment fail, it will provide you with a back-up for any emergencies that crop up. Life can throw unfortunate curve-balls when you’re least expecting it, so you need to be prepared just in case. Ideally, you should aim to have at least a few months of living expenses in your emergency fund and promise yourself not to dip into it unless absolutely necessary.  Even if you never have to use your emergency account, you’ll at least have peace of mind that you’ve got something to fall back on.

3.Download an app

Organising your investments can be overwhelming and time-consuming, especially if you have more than one type of account. It’s therefore a good idea to consider tracking your investments with an app. There are a number of investment apps, many of which are free to download and use. Having all your investments organised within an app will streamline the investment process for you and enable you to monitor and track everything more efficiently. Many of these apps offer useful financial advice and can help you to assess the risks associated with each investment. Whether you’re a first-time investor, a professional, a day trader, or just looking to use the best budgeting tools, there is an investment tracking app for you.

4.Decide how to invest

As there are so many methods in which to invest your money, it’s important that you do your research in order to establish what type of investment is best for you, not what seems the most attractive. For instance, just because your friend did well from buying and developing property doesn’t mean you will too – can you afford the time and expenses to renovate an entire property into a sellable asset? Do you have the relevant skills and contacts to do so? Perhaps you want to invest in the hope it might secure your funds years in the future, say for your retirement. If that’s the case, then perhaps something where your cash is locked away – such as in a government premium bond or high yield savings account – is a more suitable option for you. Take a serious look at your situation and consider what time and costs you’re able and willing to give before you decide how to invest.

5.Start small

Once you’ve decided how to invest your money, it’s a good idea to start small. Investing money for the first time can be daunting, so it’s a good idea to start by just dipping your toe in the water in order to get a feel for the market. That way, you can pull out early if anything goes wrong and you’ll avoid losing too much. This is especially important if you’re investing in the stock market and you don’t want to risk losing a lump sum of money. Likewise, if you’re investing in property, then buying a small apartment to develop and gradually building up to larger properties is a better idea than just jumping into one massive project with all your funds. If this is your first experience with the stock market, try investing a small amount each month to get you on track, then increase it over time if you wish. You could start by contributing £20 every month – although some providers will accept as little as £1 at a time. By investing small amounts on a regular basis, it will help you to familiarise yourself with the trends in the market and allow you to take advantage of any highs and lows; for instance, you can buy up several shares when the stock market is performing poorly and prices are lower.

6.Understand the risks

It’s all very well having the relevant funds to invest and to fall back on, but you need to make sure that you understand the risks involved. Generally speaking, the longer you can have funds locked away, then the more risk you should be able to take while seeking higher returns, but this is not always the case. All investments carry some amount of risk, and the value and income you receive from them can fluctuate depending on a whole range of factors. There might also be extra charges attached to some investments, which can really impact on your returns. That is why it is so important that you do your research beforehand. Ideally, try to use providers that either charge a fixed fee or a one-off percentage on your investment.


Choosing to invest money is a big decision. However, as long as you follow the necessary steps, you should be able to invest with confidence.

5 Reasons Why You Should Invest in Leisure


Why You Should Invest in Leisure

Along with making resolutions, many investors also look for emerging opportunities in the new year. However, one industry that has grabbed people’s attention is leisure and recreation services. Not only have businesses in this sector shown significant increases, but there are diverse investment options since it includes a wide array of interests such as sports, media, art, travel, etc. Although it’s had a history of rises and falls, the current trend has shown continual growth. Demand for new types of leisure and entertainment has grown during the pandemic, leading to new innovations, technology, and business models. And, it is attracting a lot of attention from important investors due to the ample business opportunities. If you have an innovative idea or have a business you would like to invest in, here are 5 reasons why you should invest in leisure.

What Does Leisure Include

The broad definition of “leisure” applies to any activity done when not working. When it comes to investing, the leisure industry is the market sector that focuses on entertainment, recreation, tourism, and sports. As you can probably guess, there are multitudes of businesses that fall under this category. And, there are more popping up every day as technology advances and the sector continues to evolve.

But, how does what you do in your free time apply to investing? All you have to do is look around your community. There are leisure and entertainment venues everywhere. Traditional leisure venues include retail stores, restaurants, bars, health clubs, sports complexes, movie theaters, amusement parks, casinos, and concert halls, just to name a few.

For conservative types, there are well-established stocks in airlines, hotels, and theme parks that have a strong performance history. However, there are also several gaming companies, streaming services, and social media platforms that also promise good returns on your investment. And, there are new entertainment options introduced to the market every day. Thanks to the internet and trading apps, the market is even more accessible to investors.

Reasons Why You Should Invest in Leisure

When choosing a sector, you’re probably asking yourself which ones are projected to see the most gains. There are endless strategies and theories out there. However, here are 5 tangible reasons why you should invest in leisure.

1. The Leisure and Recreational Services Industry currently ranks in the top 27% of all industries.


As any sound financial advisor will tell you, do your due diligence. You should always evaluate past and current market performance before you buy into any stock. Luckily for those who are short on time, online resources like Zacks compile and compare the most recent data for you.

According to their analysis, stocks in this sector are expected to outperform the market in the next 3-6 months. They also provide a convenient list of their top-ranked stocks. Resources like this make it easier to come to a decision, especially when picking individual stocks. It also shows which markets currently attract the most consumers for those interested in new ventures.

2. Analysts expect leisure stocks to see a significant rebound.


With the outbreak of Covid-19 and the ensuing pandemic, the entire stock market has taken a dive. Undoubtedly, the leisure travel industry was one of the hardest hit. As businesses closed and social distancing measures were enforced, stock prices continued to plummet. But, there is hope on the horizon as businesses re-open and adapt to the new normal. Although the spread of the latest variant threatens to cause another sharp decline, analysts expect leisure spending to double by 2030.

People have become restless being cooped up, and are looking for entertainment outlets. While we have been sitting at home, many of us have also managed to build our savings. The Bureau of Economics reported that the average personal savings hit a record high of 33.7% back in April 2020. Then, March 2021 showed an additional increase of 27.7%. This bodes well for the leisure and recreational services industry.

3. The world’s population is getting richer.


As Engel’s Law indicates, when a person’s income increases, they spend less on basic necessities and more money on other goods. Despite recent economic hardships, the world’s population has never been wealthier. Of course, there are large variations between different countries and individual households. But, people today have more expendable wealth than ever before.

The most difficult question to answer is how people are going to spend their discretionary funds. However, there will always be the human need for recreation and entertainment. Therefore, it isn’t unreasonable to assume that the more people earn, the more likely they are to spend their extra money on leisure.

4. The industry offers diverse investment options.


When you look at the entertainment industry, it includes a wide range of businesses and services. This diversity is one of the most attractive features of this sector. Not only does it encompass all the businesses who provide services, but also those which cater to the needs of the customers spending money on entertainment and recreation services. New businesses that can meet these needs the fastest and most efficiently will see the most success.

With the myriad of investment options, leisure-focused ETFs are a great way to help your portfolio gain exposure to this market. These ETFs offer baskets of leisure stocks, mitigating the risks of choosing individual stocks. Meanwhile, you also get a random sampling and can gauge which companies have the potential to yield a higher return.

5. Leisure businesses have been quicker to adapt.


Since fewer people are frequenting public places, leisure businesses have to adapt quickly in order to survive. Therefore, they had to fully embrace technological advances to keep up with people’s changing lifestyles. However, it has also set them as some of the most dynamic and innovative companies in the market. Their flexibility to meet the demands of all consumer groups and provide more mediums to connect with them provides a huge advantage and promising investment opportunities.

Trending Businesses Opportunities to Invest in Leisure

. Whether you are seeking to invest or start your own business, there are new niches being carved out. These areas have attracted focused attention:

  • Play Zones
  • Art Galleries
  • Advertising Agency
  • Sports Shop
  • Online Retail
  • Streaming Services
  • Media
  • Digital Marketing
  • Resorts and Hotels
  • Golf Courses
  • Multimedia Companies like Disney
  • Leisure-focused ETFs

The market is ripe with potential. However, the rising tide won’t lift all boats equally. Before making any major financial decisions, you should always consult with your financial advisor. But if you are looking for new opportunities, you should consider to invest in leisure.

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