Financial The Start Of Smarter Investing For Cincinnati’s Emerging Entrepreneurs
With its robust economy and strong commerce participation, the city of Cincinnati presents a steady launch pad for the flight of fledging entrepreneurial spirits. A recent economic forecast survey by business leaders in the greater metropolitan area, found an impressive 62% responded as very to extremely confident of a 2022 increase in personal company activity and revenue. Panelist David Wallace, chairman and CEO of Erlanger-based Heritage Bank, praised the relative stability of the Greater Cincinnati economy in his missive to budding entrepreneurs, advising they should be “willing to take some risks.” Here’s three top investment paths for regional entrepreneurs looking for a high-yield year.
Stock markets are hotbeds of risk and reward, and can offer Cincinnati entrepreneurs the greatest capital appreciation potential, especially over the long-term. They also require some learning for beginner navigation. Benzinga.com, which launched in 2010 as a media and data technology website providing timely and actionable capital markets information, is a start-up success story, with current monthly subscription figures cited as between 15 and 25 million. The fee-based platform, relied upon by seasoned Wall Street traders, is a worthy business expense for burgeoning venture capitalists. Users can check out a Benzinga Pro review prior to subscription, by engaging with its free two-week trial period. Another option is to enroll in one of the many online investing courses. The University of Cincinnati offers its instructor-led 72 hour Stock Trading Suite course on regular rotation throughout the year, as well as providing shorter course options. The Stock Trading Suite covers all the basic tools required for success in market investing.
The Home of High Return
Steady increases in home values, as well as dwindling inventories due to high population growth and migration, have transformed Cincinnati into a city of renters, with tenancy arrangements covering almost 60% of households. The stats equal boon-time for entrepreneurial property investors, with real estate portfolios looking set to return healthy profits for years to come. For the savvy investor, education, as always, is key, and recently held local events assist with region-specific guidance and tools for newcomers to the property market. The ongoing imbalance between supply and demand, means that while it’s certainly profitable to own real estate in the city it’s also relatively expensive to buy into the market. As the region has an average housing price that’s around 33% lower than the national average, this could favor entrepreneurs relocating to the area from higher cost areas of the country, and those with larger available capital.
Crypto City Mania
A more than two-fold increase in the number of crypto ATMs emerging across the city in the past year, hints at the number of Cincinnatians purchasing, mining, and investing in crypto. However, regulatory uncertainty within the disruptive, fast-changing, and fertile, landscape of cryptocurrency, recommends a prudent engagement with what’s happening on the national level. Cincinnati entrepreneurs, who last year banded together to form the city’s second crypto fund, are strongly recommended to look to Washington regulators for behavioral advice when investing in cryptocurrencies and blockchain technologies. With the appropriate level of technological insight and law-making oversight, the city’s entrepreneurs can use 2022 to cash in on the crypto wave.
New entrepreneurs should make smart money moves in order to increase their business portfolio. Finance your future ideas with these three avenues of investment, and bravely embrace that uncertain zone where expansion can occur.