WORST BUSINESS OPPORTUNITIES 

Do you want to start a new business or get into some profitable side hustle? If yes, then now is the time. There are plenty of lucrative ways to earn extra cash these days. You probably heard about the latest fad that everyone has got their hands on. Self-driving cars. Virtual reality. Artificial intelligence. And they are all extremely promising technologies. Unfortunately, some people even try to take advantage of them. That’s why it pays to research the potential risks before jumping into something completely new. Let’s see below some of the worst business opportunities you should avoid.

business

worst business opportunities

 

Selling health insurance.

 

Are you thinking of cutting back on your healthcare coverage because your premiums are too high? If so, think twice. In the long run, you might be better off. Healthcare costs continue to rise at alarming rates, costing Americans over $10 trillion annually. This has led some employers to look for ways to cut back or even eliminate healthcare benefits altogether.

Selling group health insurance plans through exchanges, such as HealthCare.gov, gives employees access to affordable care without having to purchase individual policies.

 

Buying stocks that pay dividends.

Buying individual shares or stock options directly from a company can be costly and can result in large tax bills. Instead, consider buying through a dividend ETF (exchange-traded fund). Through these investment vehicles, investors gain exposure to companies that pay out cash dividends.

When a company declares a dividend, which means they are paying out a portion of its profits back to shareholders. Dividend ETFs provide exposure to companies that pay regular dividend payments. In turn, investors benefit from dividends paid by these companies without having to purchase the actual shares themselves.

Dividends are great because they allow investors to receive a steady flow of income. They also offer higher returns than other investments. If possible, it is always better to invest in high-quality dividend-paying instead of low-quality ones.

 

– Buying real estate business.

Buying property isn’t always a good decision. There are certain pitfalls associated with investing in real estate that you should keep in mind before purchasing a property.

Real estate investment typically involves borrowing money against the value of your home or apartment and paying interest on that loan over time. If your financial situation changes, such as you get laid off from work, your credit score takes a hit, or you don’t pay back your mortgage, your lender may decide that they want their money back.

 

 

 

 

 

 

 

 

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