Most people assume that investing solely refers to purchasing various types of coins and investing in cryptocurrencies. In contrast to investing in cryptocurrencies, there are other profitable and even low-risk investment possibilities.

Purchasing securities such as mutual funds, equities, bonds, or exchange-traded funds (ETFs) is one of these options. You can also consider a Real Estate Investment Trust (REIT) if you wish to be more daring.

Some people also might consider buying stocks of mining companies or investing in a metals ETF as a way to invest in gold, silver, platinum, and other profitable metals.

The options available are limitless, and if you have been thinking of what to invest in other than crypto, then this article is for you.

5 Investment options available in Nigeria other than cryptocurrency

You should consider other possibilities in addition to investing in cryptocurrencies because doing so should be a part of a bigger financial strategy.

If you’re inclined to invest in cryptocurrencies, McBride advises that you should only do so as a tiny addition to a well-diversified portfolio and not as a replacement for emergency funds, debt repayment, or tax-advantaged retirement savings.

Below are five other investment options you can explore:

1. Real estate

One of the most profitable investment opportunities in Nigeria is real estate. This is a result of the population’s fast growth. Additionally, there has been a substantial inflow of people into major cities like Abuja, Port Harcourt, and others. For investors, real estate in large cities may be quite lucrative.

There are affordable housing options, building supplies, hotels, shopping centres, and many more possibilities. Real estate assets may be used in a variety of ways to generate income. As the population and economic development continue to grow, housing is one of the most urgent challenges.

2. Gold

You can invest in commodities like gold, silver, and crude oil. In spite of the fact that investing in gold has a long history, it does not necessarily mean it is always a wise choice.

Since gold is a commodity, its price is determined by scarcity and fear, which may be influenced by governmental decisions or alterations in the environment.

If you invest in gold, be aware that the price might change greatly and fast since your “moat” (protection against a price reduction) is depending on outside sources. When there is a lot of shortage and anxiety, the price tends to rise; when gold is abundantly available, the price tends to fall.

Gold may be a wise investment for you if you believe that people will be increasingly afraid in the future.

3. Mutual Funds

Mutual funds are pooled investment vehicles where a qualified fund manager manages your investment in accordance with the fund’s aim.

Asset Under Management (AUM), which is created by pooling the investments from different investors, is then invested in the appropriate capital markets, such as equities, bonds, commodities, etc.

For Nigerians with full-time jobs, mutual funds are quite helpful since you don’t need to analyze the markets or monitor pricing.

While it is important to look at the past performance of the mutual funds you are considering investing in, you should only do so for those that have done the best over the previous ten years. You should also read the prospectus of each fund to learn more about the assets, conditions, and risks they are investing in.

4. Stock

The stock market in Nigeria is, in the opinion of many, the finest place to invest. You require a broker who is permitted to carry out buy or sell orders on your behalf in order to begin trading on the Nigerian Stock Exchange.

Additionally, you’ll need start-up funds because this is not a business that can be started without money.

A person who owns stock in a corporation is referred to as a shareholder and is qualified to receive a portion of the business’s remaining assets and profits in the event that the firm must ever be dissolved according to businessday.

Because creditors are paid before equity holders and if there are no assets remaining after the debt is paid, equity investments (stocks) are seen as having a higher risk than debt investments (credit, loans, and bonds).

5. Agriculture

Since the depletion of crude oil, one of the oldest investment sectors, agriculture, has been abandoned. This tendency does not, however, make it a poor choice for investment.

It aims to increase ROI while minimizing the possibility of capital loss. It is a very good alternative for investment since one may invest in various aspects of agriculture, such as raising cattle, growing crops, raising fish, etc.