When it comes to investment in the 21st century, there are a lot of things involved which have to be gotten right. One of these things is the strategy applied when investing.
The thing about investment strategies is that not everyone has a good grasp of it, except the top real estate investors. One of these real estate investors is Ryan Dean Hoggan.
Ryan Dean Hoggan is an experienced real estate investor, entrepreneur, venture capitalist and business executive. He has also ventured into Non-Fungible Tokens (NFTs), where he is making waves with his outstanding strategies.
Given his wealth of experience, in this post, he will be sharing some of his favourite investment strategies regarding real estate and NFTs.
Real estate are tangible assets, especially properties like lands and the buildings on them including the natural resources in them. On the other hand, NFTs are digital assets that function like cryptographic tokens.
They are often used to represent tangible objects like videos, in-game items, art, GIFs, memes and music. The interesting thing is that they are also bought and sold online, particularly with digital currencies.
One great thing about real estate and NFTs is that they are both assets that are worth investing on in the 21st century with potential high ROIs. To allow you tap into this investment opportunity, I will be sharing some of the strategies I use.
Be well informed: This might sound like the usual investment strategies you have always heard, but it is not. When it comes to investment, information matters a lot.
When investing in volatile assets like NFTs, you have to ensure that you have all that you need at your disposal. This is the first investment strategy for everyone.
It is only when you have mastered the pros and cons of your prospective investment assets that you can invest.
Watch out for the hot projects with potentials: It is often tempting to assume that all projects on real estate and NFTs are worth investing in. This is not true. If your focus is on diversifying risks and growing your investments, there are projects you have to specifically watch out for.
For instance, in real estate, you have to watch out for projects in areas with potentials to attract commercial investments. It is when you do this that you would be able to leverage your investment in the future for great profit.
The same thing goes for NFTs, there are hot projects that your gaze should be on. For instance, you can consider CryptoPunks and Art Blocks. These two have the potentials to sky rocket in the nearest future.
Know When to make your investment: You have to watch the market and pinpoint the right opportunity to make your investment. For NFTs, given its relative novelty, it is often good to make your investment during a sideway drifting market period.
Though this might not continue forever, but, for now, it has proved to be one of the best NFTs investment strategies.
Follow Your Investment: You have to follow your investment and know exactly when to act. Whether you are a collector, buyer or seller of NFTs, this is very important. Besides, it will help you to diversify your risks and know when to dispose or continue holding your assets.
The same rule applies for real estate. Although the market is not as volatile as that of NFTs, you still have to follow your investment to know when to pull the trigger or continue with the risk.