As talks about 2023 and the recession become more real, many people are worried about being fired and getting a stable income outside of work. As practice shows, recession causes high unemployment rates that will only increase as organisations have to cut back on staff due to decreased demand for their products and consumer spending. Therefore, when the company earns less money, its shares also decrease. This leaves employees and shareholders wondering if there are any recession-resistant industries that they can consider in 2023.
Even though there is no evidence, experts believe a recession will be possible in 2023. While this year seemed to stabilise the situation, 2021 was not an easy year for employees and investors to navigate. Despite all challenges, most investors were able to find solutions and got a stable passive income. Therefore, whether we will face a recession or not, there are still many options for investors to save their portfolios and stay stable during market challenges.
Where to Invest in 2023?
Growth Stocks
The first thing in our list of investments showing 10x potential is growth stocks. In the industry of stock investing, growth stocks are something everyone can benefit from. That is because this stock type ensures high growth and high investment returns. These stocks provide startups and small companies that use all their money to expand their operations and boost business growth.
Therefore, the entire revenue, resources and profits of these businesses are reinvested back into the business to lift their products and services to the next level. Even though they usually don’t distribute any part of their earnings in the form of dividends, they still may offer shares to help develop business operations and increase revenue giving money to shareholders over time. Some popular brands that every new investor knows belong to this group. They include Netflix, Amazon, and Meta.
Value Stocks
Another great option for both new and experienced investors is value stocks. They have been shown to be one of the best investments in 2022 and seem to remain stable for the next year. However, new investors may not be familiar with this type of stock. Simply put, value stocks are traded at a lower price relative to their fundamentals. Investors that buy these stocks are looking to capitalise on inefficiencies in the market.
The key idea is that while the stock market is underperforming in 2022, it seems to be less vulnerable to any financial challenges. Therefore, they represent a stable and better investment opportunity today compared to most stocks. Being less vulnerable to major decreases in value and market turbulence, this type of stock still fluctuates a lot more than bonds.
Real Estate
Filling your investment portfolio with real estate has always been an excellent option for investors. Considering the current market state, investing in real estate shows x10 potential. Housing needs are going to increase, making now a perfect time to invest in buying a new property. However, the unstable economy and market turbulence may make this more challenging than ever before.
The reason why investors like real estate is that they offer a steady cash flow. Even though real estate won’t bring great value during the first few years, they still have been shown to yield great returns over time. Therefore, the value of the property you buy will probably significantly increase over time, allowing you to either get a stable income or sell it for a much higher profit.
Artificial Intelligence
The use of Artificial Intelligence has increased after COVID-19. Businesses have seen great potential in using the latest technologies, like AR, VR, blockchain and so on. In addition, a highly personalised experience is what every app wants to provide to allow organisations to get higher retention rates.
As a result, global digitalisation has brought artificial intelligence (AI) to the forefront of society and the investment market, realising things that have long been only imagined. Since AI has already entered lots of spheres of our daily lives, this technology could become the most influential industry of the 21st century.
AI’s goal is to replicate human intelligence via a computer or machine interaction while providing faster speed and greater accuracy. That is why investors can consider putting their money into AI projects, startups, AI development and applications.
The Metaverse
Last but definitely the most trending investment filed in the metaverse. The future of investment and the internet will definitely include virtual worlds where humans interact with each other in the form of avatars without the confines of physical space. Experts say that the metaverse could become the next big investment opportunity.
Metaverse is a new virtual world where avatars can be dressed up and communicate. Providing an entirely new space for everyone, the metaverse is now also used for public gatherings, concerts of famous musicians and art exhibitions. Metaverse operates with NFTs, allowing people to invest in both spaces to get revenue. In addition, the most profitable space is investing in metaverse real estate, leaving many people wondering how to buy metaverse land.
As demand for this space grows, so does the interest from corporations trying to get revenue from this trend. Several well-known brands, like Nike, have already launched their virtual collections for avatars, as Metaverse Insider explains.
Wrapping Up
Even though experts believe 2023 will come with the recession, there are many ways to invest your money, so it is crucial to choose the correct option depending on your needs, goals and budget. While there is no profitable and safe option for everyone, you can still explore the most stable investment options in this guide to clear the picture.