In many ways, Asia is well-established as the land of opportunity. For example, various Southeast nations are currently competing to become the next Silicon Valley, as the levels of tech investment continues to increase incrementally in the area.
In this respect, there are plenty of ways to boost your income and earning potential in Asia, whether you’re an international traveller or a local resident!
We’ll explore some of these in greater detail below, while asking which options offer the best value in the current economic climate.
Start with the Basics – Should you Invest in Asia?
It may seem counterintuitive to suggest that investing the financial markets is a viable option for generating income at present, particularly given the socio-economic impact of the Covid-19 outbreak and the collapse of the US stock markets in March.
However, US stocks have recovered robustly during Q2, prompting many equities to recoup their initial losses and actually post significant gains in recent weeks.
While the fact that indexes such as S&P 500 have subsequently erased their considerable 2020 losses is indicative of stock market growth, however, the relative weakness of the USD suggests that investors should look outside the states to achieve a viable return. Asia definitely provides a viable alternative, especially as this is the only global region to produce positive equities earnings growth this year (aside from Japan).
At the same time, several blue chip Asian stocks were significantly devalued by the coronavirus outbreak, creating an opportunity for investors to buy these at a reduced price and optimise their potential earnings in the long-term.
To make money from stocks, you simply need to build knowledge of the market and translate into practical experience, ideally by honing potential trading strategies through a forex demo account.
How Else Can You Make Money in Asia?
Aside from stocks and currencies, you can also invest in Asian bonds and real estate. The bond markets in locations such as Hong Kong and South Korea are particularly liquid, offering flexibility to traders and numerous opportunities to buy and sell.
The Chinese corporate bond market is now also the largest of its type in the world, although this is still developing and far less liquid than those mentioned above.
If you’re not comfortable with targeting the financial markets, there are other (and more accessible) ways of generating income when in Asia.
For example, you could look to start a side hustle selling used items online, or manufacturing your own bespoke products for a target market.
There’s significant demand for the latter in the modern age, while the unique nature of handmade goods enables you to charge a premium and optimise your bottom-line profit margins!