In some conversations that I have had with some rich people who are old, they most times always say that they invested in real estate and that was how they made some fortune. Young people understand that investing is key and paramount to securing a better future like these Old rich men did then, But the question now is what exactly to invest in for young people. Is it wise to follow in the steps of the old rich men who had investments in Real Estate, or do they completely now invest in cryptocurrency? The answer is sometimes traced to the one that offers the lowest risk and loss of capital.
The less riskier from Real Estate and cryptocurrency is Real Estate, but less risk,, less reward. The risk that come with the higher volatility of cryptocurrency makes the profit that can be gotten bigger. Will you go for less risk, or big profit?
Considering today's conditions I think that the prices for real estate investments have increased considerably and reached a level that can be classified as a bubble but we also witness that real estate prices are appreciated without slowing down in today's conditions. Especially in today's living conditions many young people do not have a budget to invest in real estate and we see that young people with this budget mostly focus on different investment options. The reason for this is that the return on the real estate investment is low and there is not much return compared to the budget used for the investment.
Commenting for myself, I think that it is better to invest in cryptocurrencies because of the high volatility and the potential for more earnings and this is how I evaluate my savings. The main reason for this is both the higher potential earnings rates and the fact that I do not have the budget to invest in real estate.
However, it should not be forgotten that investing and gaining from investment is directly proportional to risk and individuals who do not want to take much risk follow the lower risk lower earnings mentality. In other words, the risk threshold of the person has a very important share in choosing the products to be invested in.