Let’s take a look at investment trends that skyrocketed in 2020. As profits increase over-time, investors are guaranteed to earn a higher price return. Although it is a substantial risk at times as the company investors trust their money with may go in a serious loss but people stayed at home almost the entire year and turned towards making money by investing in various stocks!
Investment trends that soared in 2020!
As more and more people began to learn about crypto-currency while being home, Bitcoin became even more common amongst the interested investors. The bitcoins prices had risen to $28,966 by the end of the year which means it was not a risky investments for the people invovlved.
The Elon Musk company was also an opportunity for the investors as the Tesla made 499,550 sales in the year 2020! Tesla, which was considered a fail in 2017 is now one of the biggest automobile companies and is valued at about $208 Million dollars.
Apple, the safest long-term investment, as termed by NASDAQ, was one of the companies that saw a lot of investments this year. It was one of the most stable and predictable stock that people could have invested in.
Special Purpose Acquisition Companies were a part of the investment trends of 2020 too. SACs made about $74 Billion in 2020, 200 SPACs appeared in the market in the year and made a good investment as well. Goldman Sachs Group Inc. analysts wrote to clients in December, saying that 2020 “will undoubtedly be known as the year of the SPAC.”
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