You ever wondered how to turn a thousand dollars into a small fortune maybe you you think it's impossible especially as we're facing a devastating recession. However today'm setting myself a challenge to prove this can be done i've hand selected five different investments. These include index funds business art individual stocks and cryptocurrency. The data suggests these are good investments during a recession.

Therefore after looking at each in detail. I'm prepared to put a thousand dollars of my own money into every asset. So we can see the results together. However this might not go quite a plan.

I never thought i'd spend a thousand dollars on this no get out of it look at that hi guys. It's mark. So i'm. A millionaire businessman and i've seen many economic downturns in my time.

This is nothing new. We're heading into tough times. But this has happened before and it'll happen again the 20 year old youtubers making videos about shady crypto coins are about to be in for the shock of their lives. The days of investing in random crypto coins.

And making a fortune are over at least for now. It's time to look at the tried and tested methods that can actually make you a millionaire. If you want to create wealth beyond your wildest dreams. You need to wake up and start investing in assets that perform during times of economic downturn.

Many experts put the chances of recession at over 50 percent. But to be honest. I think we could already be in one as we move through this video. The risk level will increase.

But the potential reward will also be much higher all of these are relatively safe investments based on previous data. Although that doesn't ensure future returns. Just remember. I'm a businessman not a financial advisor therefore.

Nothing in this video should be taken as financial advice. My aim is to show you what i'm doing so. That you can come to your own. Educated decision.

If you gave me five dollars every day. And i gave you fifty dollars back would you be happy with that deal of course you would so why aren't you taking it let me explain this leads me into investment one index funds. I'm giving this a three out of ten on the risco as it's been delivering solid returns for decades. The figures don't lie if you invest five dollars every day.

Let's call that a hundred and fifty dollars per month into the s p. 500. An average return of eight percent for forty five years then you would have seven 791 000. Now.

According to google. There are 16 436 days in 45 years. So now if we divide 791 361 by sixteen thousand four hundred and thirty six days. We can see that every five dollars you put in has turned into forty eight dollars.

That's pretty close to fifty dollars. Now i bet. That's got you thinking about your five dollar. Starbucks frappe a bit more carefully index funds are seen as one of the safest investments over the long term however during a recession.

They become even more appealing. This is because instead of betting on individual companies to pull through the tough times. You're purely investing in a long term success of the whole market. Think of it like going to a horse race and instead of putting all your money on one price stallion.

You decide to spread it across all the top performers. So now if one or a few of them lose. It should be okay. Because you will benefit from the others.

Winning. This is a proven winning strategy over a 15 year period 92 percent of the top hedge funds are trailing the s p 500. Index. I mean these guys are meant to be the experts.

But they are getting destroyed by a very hands off investment. Which is so easy to manage you may think the s p. 500. Isn't very well spread as it's only made up of the top 500 american.

Companies however as of. 2017 only. 709 of the companies that make up the s p. 500's revenue were from the us.

So it's a lot more global than you might first think. But if you want to spread your money further. Then there are lots of different funds that cover different countries and companies i have some of my money in emerging markets index funds as i believe we're going to see a big shift in global powers over the next five to 10 years even though i also invest elsewhere for bigger returns. I always gradually buy index funds whatever the market's doing be that trending up or down.

There's multiple brokers you can use if you're in the us you can use publiccom. I'm going to use my uk vanguard. Account. Let's put 750 dollars into the s.

P. 500. And 250 into a global index there we go all done 88 of millionaires are self made entrepreneurs. According to fidelity investments research.

So that brings us on to investment number two. Business i'm giving this a 35. On the risk scale as unlike index funds you could lose all your money in a bad business move. However the power is in your hands.

Not someone else's if you haven't started a business. Then now could be the perfect time as we head into a recession. There's a good chance you'll be starting from your home. And have minimal employees and very little overhead to maintain at this point.

That combination puts you in a great position to provide an inexpensive solution and win over customers in an economic downturn businesses and consumers alike are looking to cut costs which may allow you to break into the market. But your window of opportunity could close soon as recessions are typically short lived and followed by long periods of growth and prosperity the period after world war ii. For example is considered the greatest expansionary phase in modern times similar points can be made for the years after the energy crisis recession the gulf war recession the dot com bust and the great recession each recession was followed by a longer period of growth than the period of recession. The biggest mistake i see people making on a daily basis is putting all their money into assets.

They don't have direct control over as you know i'm not against the stock market however i don't think enough people value their skill sets. I was on a call the other day with someone in my free discord and he asked me an interesting question he was making around four hundred dollars per month selling pdfs that help people in his country pass. A state exam. He was wondering how he should invest that money to make more later on in the call.

I discovered that he was currently only selling these templates with organic marketing. Which proves. There is a real demand for his product. If he just invested 200 per month back into paid advertising.

Within his business he could see an immediate return greater than any stock market investment. I think of it like starving a plant of water you can't ever flourish in a drought. So if you've been overlooking business. Then i implore you to dream big and prepare for the next expansionary phase.

At the moment. I'm focused on growing my podcast strike it big. We really need a way for episodes to be edited as we film them that's why i'm going to invest this thousand dollars into some new technology. Which should save me time.

And help us post weekly episodes question what do picasso and banksy. Have in common apart from being era. Defining artists. The answer is you can invest in their work for a fraction of the asking price that brings us on to investment three fine art.

I'm giving this a 5 out of 10 on the risk out you might not have considered fine art as a potential investment to be honest neither had i until i looked into the shocking stats you know the s p 500 that investment many millionaires don't stop banging on about s p. 500 index fund the s p 500 the s p 500 the s p 500 well contemporary art investments have actually done better than the beloved s p. 500. Over the last 25 years to be exact the s.

P. 500 had a 95. Average annual return whereas contemporary art averaged 14 price appreciation. But surely if we're facing a recession.

The demand for these expensive paintings will drop and then the value of our investment will plummet right well actually the global demand held up pretty well during the last great. Recession in. 2007 global public auction sales topped 329. Billion dollars while in 2008.

The figures hit 28 billion dollars. This only shows a slight dip in demand and it was still higher than. 2005 when auction sales were only 172. Billion.

Dollars. Maybe more importantly during 2009. Eve celeron's art collection set a new record for a single owner collection. Totaling 4838.

Million. Dollars to put this into perspective. This happened just five months after the complete collapse of lehman brothers and the markets again if we look at our old. Friend the s p.

500. This didn't recover the pre recession levels until 2013. Two years later than the art market due to the eye. Watering prices these paintings command.

Unfortunately this asset class. Has only been accessible to the already rich and powerful. There is also a degree of skill involved with picking the right pieces that the average investor just wouldn't understand so how are we going to invest this thousand dollars in art well. I've been doing some research and companies like masterworks really stand out as they use data that isn't available to the average investor and a top research team in order to determine which high end artist markets have the most momentum.

They're even asked by worldwide groups like city to collaborate on reports about the art market. This just shows how much comprehensive data. They have they help people get fractional pieces of art rather than the whole thing. This isn't nft's this is breaking a painting into shares so people can add a piece of it to their portfolio their incentives are also aligned with the investors as masterworks only make money when they sell a painting for a profit with this said.

I still think investing in art is for the long term. And that's why this platform. Doesn't actually accept investors that are older than 70. Oh.

Damn it looks like i can't invest this thousand dollars after all only kidding. I still got plenty years left. In me your cheeky buggers masterworks aims to hold its art pieces for three to ten years at which point. It then sells the painting and distributes the proceeds amongst investors based on their number of shares.

But so far the paintings they have sold ahead of schedule have delivered 25 net returns for the last four years in a row through covid a bear market and rampant inflation past performance is no guarantee of future results. But that's pretty incredible so with that said let's invest a thousand dollars. I really like mark bradford's promised land it even shows a progress bar that lets us know how much of the asset has already been bought the paintings are valued every quarter. So i'll be keeping an eye on this closely.

If you also want to get involved. And i'll leave an exclusive invite link in the description below imagine you invested one thousand dollars and woke up in the morning with ten thousand dollars. This is what most people dream of and it's happened time and time again with investment for individual stocks. However.

I'm going to give this a 7 out of 10 on the risco as finding the best stocks to invest in isn't an easy task. Investing in individual stocks gives you complete control over how your money is allocated. When you invest in index. Funds.

You can't pick and choose the individual companies instead you're stuck with whatever the fund decides to do so stock picking gives you the ability to beat the market. But bear in mind that ninety percent of people lose money hence the high risk scale rating. If you're interested in giving this a shot then now could be a very good opportunity as the market has fallen from the highs of the pandemic and there are lots of deals available if you can find them during a recession. It's more important than ever to invest in well managed companies that have low debt good cash flow and strong balance sheets.

You're able to find all this information out for free on yahoo finance. Some industries are also considered more recession resistant than others such as health care. If you think about it people can't put off most health care spending. When you're sick you need to see a doctor and buy.

Medicine. Walmart and mcdonald's are also great examples of companies that have thrived during past recessions. This is because when people have less money they flock to discount stores like walmart and drown their sorrows in comfort food such as mcdonald's burgers however i'm going to invest my thousand dollars in apple as they sit on the luxury end of the market and people would hate to give up their nice phones. It's also important to remember that most people don't even buy their phones.

These days they finance them through contracts. This gives people access to iphones and puts money in apple's pocket regardless of their customers bank balances. Thousand dollars of apple ball by the way if you want to pick up a free stock worth up to a thousand dollars from publiccom. Then i'll leave a link in the description below when you hear about people becoming millionaires from a simple thousand dollar investment in a short period of time you can only be talking about one thing investment number five is of course cryptocurrency and i'm giving this an 85.

Out of 10 on the risk scale back in the day. If you'd mentioned cryptocurrency to me. I would have disregarded it as a short term craze. However as bitcoin rallied.

I had to take notice the more i dived into the technology behind crypto. The more interested i became i made a goal to invest around five percent of my portfolio and face some challenges along the way such as my bank account being closed down. This is because bitcoin is a digital currency that is not controlled by any authority or bank. And many experts believe crypto and blockchain technology will go on to disrupt many industries.

Such as banking law cyber security insurance and more the top ten cryptocurrency coins are always fluctuating. But the two that remain in first and second places by market cap are bitcoin and ethereum which i like to call the blue chip cryptos. These are the most popular and safest coins at the moment as we're heading into a recession naturally prices across the board have dropped quite drastically a lot of investors see this as a great buying opportunity crypto's certainly not something to overlook. But should only be part of a diversified portfolio due to its high risk.

I'm going to invest 500 into bitcoin and 500 into ethereum using the ftx app. This is because the fees are 85 cheaper than the other exchange options also i get free crypto on every trade. I make over 10. I'll leave an invite link below if you want to use the same deal.

According to hip hop dx the rapper drake has reportedly bet over 1 billion dollars for our online gambling since december 2021. This brings us on to something i never thought i'd be doing on this channel online gambling. This is a 10 out of 10 on the risco the rise of online gambling is creating millionaires. But is it the gamblers making millions or the creators.

Let's put this to the test. I'm prepared to put one thousand dollars of my own money on the line to prove to you how quickly it can evaporate. I never thought i'd spend a thousand dollars on this now the following clip. Didn't go to plan and goes completely against my narrative.

That gambling is bad so much so that i nearly didn't show you this clip. Honestly after this happened i didn't think this clip would see the light of day whenever i've done a challenge on this channel. I've always kept it 100 real such as spinning the crypto wheel or throwing in investment picking dart. So here's what really happened curtis you better come in this looks quite exciting look we got all these lollipops going on.

I never thought i'd be doing this right. Ten free spins all right here. We go then press anywhere to continue yeah. Straight in yes.

And some more and some more and some more oh we've got a 50x. What what what what four thousand dollars. We've actually won four thousand no way it keeps going up and up and up no get out of it look at that that's crazy that's sensational that can't be real can it i think. It is obviously we weren't expecting this result.

It's extremely lucky and the chances of something like this happening are very slim after a big win like this many people get sucked into gambling and are always chasing that feeling again over the long term. The house always wins. It's like the opposite of investing when over the long term you have a high chance of success gambling is just a rigged game to demonstrate how unpredictable games like these are and how it can easily go the other way. We gave it another thousand dollar spin.

No not getting anything this just shows that rubbish gambling is oh no it is pretty bad considering we put a thousand in and now we've got what how much left all right 350 or so and we put a thousand in yeah. Terrible investment that's not a great investment guys so i'm going to leave the next video right up there. But don't click on it just yet make sure to subscribe if you want to grow your wealth. Okay.

I'll see you over there.