For many Canadians, being shuttered in and sheltered during the COVID-19 pandemic has created unusual opportunities. We have time to spare and we’re focusing on different priorities: our health, our relationships with our families, our friends and our communities, and on skill-building and self-improvement. Given just two free hours each day, what would you choose to invest in?
Here are some ideas:
Invest in your community
The COVID-19 pandemic has created considerable need in communities across Canada. Sequestered in our homes, it’s difficult to know exactly what to do. One way to offer help to those in need is to check Kijiji Village, an online community located at the popular online sales site. Respond to a posted request or offer your services to others. There are plenty of ways you can help and still keep safe, from offering free online tutoring services to helping seniors with specific tasks and providing grocery delivery services to frontline medical professionals.
Invest in stocks as a day trader
Successful day traders derive profits from making trades within a single day, then cashing out when markets close, so having a regular 9 to 5 job can really cramp your day trading style. If you’re furloughed during the pandemic, now’s the time to invest in your financial skills and see if you’ve got what it takes. Sharpen your skills with the Premium Novice-to-Expert Day Trading & Technical Analysis Bundle and run the gauntlet of the day trading skill set, from candlestick trading and swing trading to technical analysis. Day trading isn’t for everybody, but is it right for you?
Invest in businesses in the developing world
There are plenty of worthy charities out there, but microfinance charity Kiva provides a unique model that allows you to lend money to enterprising applicants around the world — and then re-lend it when they repay you. You can select the country and type of business you want to lend to and then choose the specific businesses and individuals you want to invest in. Help a women’s co-operative in Senegal buy and raise sheep, finance somebody’s education in Paraguay or support a vegetable farm in Kenya. You’ll not only know your money is being put to good use, but you’ll also receive regular reports from local partners on how your money is working to eliminate poverty.
Invest in cash as a Forex trader
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For the investor who wants to consider a more diversified investment portfolio, you might want to consider making money with money on the foreign exchange (forex) market. Trillions of dollars wing their way around the world each day, and successful forex traders buy, sell and hedge currencies to make a profit. The Complete Wall Street & Forex Trading Master Class offers instruction in forex trading as well as plain vanilla stocks. Think you can predict how that upcoming election in Asia will affect world currencies? With forex trading, you can bet money on it.
Invest in animal welfare
Many animal welfare agencies are offering socially-distanced pet fostering and adoption services. If you’ve ever considered adopting a pet, you’ll never have more time to devote to making a dog or cat a happy member of your family. If you can’t welcome a companion animal, then donate. These little guys need to eat, their rent needs to be paid and animal shelter staff are stretched to the limit. Contact your local Human Society, SPCA or independent animal welfare agency today.
Invest in cryptocurrencies
It’s no fun standing on the sidelines while everyone talks crypto. One good way to get up to speed quickly is through online education courses like Blockchain and Bitcoin Fundamentals. Learn everything there is to know about cryptocurrencies, from investing in Bitcoin and other digital cash, to smart contracts and digital tokens.
Invest in your home
There are dozens of small projects around your home and condo that you can probably handle yourself. YouTube is a surprisingly good source for home repair projects that require more knowledge than skill. Fix a fence, patch a hole, or mount a curtain rod with only a few tools and limited supplies. Now you’re in a position to post your comments underneath each video, telling the uploader how they should really have handled that job.
This story was created by Content Works, Postmedia’s commercial content division.While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned.
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