We have a selection of potentially lucrative investment opportunities for you to consider as you focus on enhancing your portfolio in 2023; although, as ever, when making a new investment, you should be sure to proceed with caution and only invest what you can afford to lose.
Embrace The Relative Security Of The Healthcare Sector
The past couple of years have taught us that we shouldn’t take things for granted, and this is a maxim that investors understand perhaps even better than most. However, even in this notoriously unstable arena, there are some sectors that stand on firmer foundations than others.
The pharmaceutical industry is a prime example. In fact, the healthcare sector in general, offers a range of investment opportunities in 2023, making it an ideal time to gain some high-quality stocks. Part of the reason for this is the durability of healthcare as an investment; this is an industry which will not be as sorely affected by recession.
In particular, the healthcare companies you may wish to invest in – if you haven’t done so already – include GlaxoSmithKline and AstraZeneca, which has become a household name due to its Covid vaccine.
Another viable option is the UK-based Spire Healthcare, if you are keen to invest in a more local venture. Spire is the second biggest private healthcare provider in the UK and amassed over £1.1 billion in revenue in 2021. Know the risks with investing in specific businesses in the healthcare industry, and do your research.
Consider EIS Investment Opportunities
Another option you may want to consider is investing in EIS schemes, such as the Oxford Capital Growth EIS investment opportunity, managed by a highly experienced investment team.
If you are unfamiliar with EIS, the Enterprise Investment Scheme is a government-backed investment initiative which aims to increase private investments in a range of early-growth British technology businesses. These companies have their roots in several burgeoning sectors, including AI and fintech, giving them high potential for rapid value growth.
At the same time as gaining shares into companies with a positive outlook in terms of rapid growth, private investors will also benefit from EIS tax relief and EIS investment opportunities, equivalent to 30% of the amount invested into all qualifying shares. There is an EIS guide available online from investment experts which can explain EIS tax relief and its benefits to any budding investor looking to learn more.
Defensive Stocks Offer More Security
The UK has been existing in the grip of a cost of living crisis for a number of months now, and the threat of recession still looms as a possibility. As a result, investors have to be particularly selective about which stocks they buy, as some industries are more likely to struggle in the case of a recession.
If you are keen to hedge your bets, it may be best to introduce some defensive stocks to your portfolio in 2023, to off-set any potential slumps in other sectors. For example, companies specialising in manufacturing, utilities, and consumer staples such as food and drinks are more likely to weather any financial storms.
No less an investor than billionaire Warren Buffett himself has made a fortune with the help of defensive stocks, so you will be in good company if you decide to include them as part of your 2023 portfolio.
Invest In Tangible Assets
Another opportunity you may wish to consider in 2023 is investment in tangible assets, in addition to stocks and shares. As the name suggests, this means putting your money into something physical, such as real estate, gold bullion, wine, art, or antiques.
The benefit of investing in tangibles such as these is that their value is material and cannot be affected by market volatility in the same way that stocks and shares can be. Of course, depending on the type of assets you invest in, you may require significant sums of money, but if you don’t have the budget for a collection of classic cars or fine art, there is plenty of opportunity to choose more affordable assets that can still bring you plenty of value.
In addition, you may even be able to tap into a particular passion of yours; for example, if you have a passion for jewellery or for sports memorabilia, and you already possess a sound working knowledge of which items are particularly valuable and which aren’t, then you can have fun with your investments.
These are just a few of the exciting investment opportunities you can consider in 2023. You may even wish to incorporate a combination of those listed above, for a truly diverse portfolio and one that will hopefully include a number of assets that will prove to be more impervious to the ups and downs of the markets.
Whichever investment avenue you choose to pursue to enhance your portfolio, just remember that it’s vital that you do your homework before committing – and never invest money that you can’t afford to do without.