*Your capital is at risk.
Being a traveler doesn’t always mean you have to burn through your savings before coming home and working to save up again.
While that was the formula of the 70’s and 80’s hippie wanderers, whose stories of “gap years” inspired many.
They would travel a few months to a year only to return and work again—repeating the cycle until they settle down or realize that it’s impossible not to go back to a 9 to 5 job.
That was then, this digital age is NOW.
People afflicted with wanderlust have been finding ways to lengthen their time on the road thanks to the concept of “Digital Nomadism”.
You may have seen them around:
Travelers working on their laptops on a café fronting a beach in Palawan, Philippines, a library in San Francisco, on a veranda of an Airbnb place overlooking the mountains of Italy, while inside a bullet train in Japan or almost anywhere where they can bring their work and mix exploring the world and funding it at the same time.
What is a Digital Nomad?
The term “Digital Nomad” was first coined in the late 1990’s to describe a group of people—usually travelers—who work remotely by depending on technology connecting them to their workplaces and clients from all over the world.
Here’s the thing:
Digital nomads always rely on tapping the potential of cloud technology, Voice-over-Internet Protocol (VoIP), Wi-Fi internet and content management software to bring their work anywhere they go in the world as long as there is internet connectivity available.
Skills and jobs that are always been associated with digital nomadism are:
- computer programmers
- freelance writers
- graphic artists
- business consultants
- press relations
- digital marketers
- virtual assistants
- …and almost any job that requires the use of digital technology and the internet.
There is a previous misconception about being a “digital nomad” in the early 2000s as poor and broke backpackers who earns barely enough money to fund their travels.
This wrong notion fortunately, is now replaced by a positive reputation as more remote jobs becomes available and the rise of digital entrepreneurs and traders among the digital nomad community.
Yes, a growing number of location independent workers are now diving into the world of stocks trading.
A lot of them are finding success by becoming digital traders.
In fact, they end up making more money not only to help fund their travels but also set them up for future retirement.
Investing while on the road—such as CFD Trading
The last couple of years though…
A new investment strategy called CFD (Contract for Difference) trading has become a popular method of investment.
How does it compare?
When trading index CFDs, you pay the price difference between the opening and closing dates of the contract wherein in ETFs, you need to pay for the maximum price of the underlying asset.
CFD trading is ideal for short-term strategies and has a moderate risk but high-reward potential.
Your goal as a digital nomad-slash-trader, is to grow your fund not only as a source for your expenses while traveling: accommodations, food (and beer), tour and transportation.
But also, to fund for your retirement—from being a digital nomad.
When you think being a digital nomad is already a good way to spend life, imagine how a retired digital nomad is even better.
Visualize doing nothing but traveling without having to work on your laptop anymore.
Attractive Stocks for Digital Nomads
Once you familiarized yourself in the world of CFD trading, you can now start studying which stock is best fit your financial goals.
Select a company that has a proven strong share value performance and a bright revenue forecast.
If you are also looking for companies that does business in the travel industry, you can take a closer look at these companies that currently has a positive stock forecasts from several financial analysts:
Hertz ( ), Wynn Resorts ( ), Uber ( ), American Express ( ), Royal Caribbean Cruises ( ), TripAdvisor ( ), Expedia ( ) and American Airlines ( ).
These are just some of the travel-related stocks you should analyze closely to invest.
While the tourism industry has taken a dive during the 2020 COVID-19 pandemic, the so-called “pent-up demand” of travelers who got stuck in their homes for months, is expected to bring in a stream of revenues.
This will be made possible by the phenomenon of “revenge travel” that is sure to happen once the economies of the world start to fully re-open.
Accommodation booking website Airbnb has just filed for an IPO on August 19, 2020. This is another interesting stock to watch out for.
Other stocks to consider are the usual strong performers such as: Google ( ), 3M ( ), Nike ( ), Tesla ( ), Apple ( ), Amazon ( ), Starbucks ( ), Netflix ( ), Microsoft ( ), Intel ( ), Snapchat ( ), Walmart ( ), and Boeing ( ).
Best Brokers for Stock CFD Trading
Both trading applications comes laden with features that gives investors complete control and easy management of their portfolios.
eToro also has a feature called TravelKit CopyPortfolio where you can analyze the actions of the popular travel-related stocks on the market today.
Some of the PROS of using eToro includes:
Advanced social trading network features (CopyTrading and CopyPortfolios), real-time quotes, all-in-one trading platform and wide-range of payment options plus a rich set of helpful features.
Used by almost 14 million traders worldwide today, eToro continues to entice investors because of its reliability and variety of features that satisfy the requirements of both seasoned and rookie investors.
eToro is a very flexible social trading platform that provides traders a powerful medium to grow their investments.
A lot of traders are raving about the trademarked trading platform of Plus500—especially when transacting on CFD stocks because of its many helpful features and user-friendliness that also comprises a set of risk management tools that gives traders more control and security of their investments.
Some of the PROS of using Plus500 includes:
A stable platform, zero commissions, attractive spreads, unlimited use of demo account and fully regulated by CySEC, ASIC and FCA.
Available in mobile application of through the WebTrader internet browser version, Plus500 is a very dependable trading tool for every investor on the go—thanks to its seamless design and wide functionality.
The Road to Location and Financial Independence
While a large percentage of today’s digital nomads may have already attained location independence, the road to being financial independent remains a daily grind.
For each exotic location equates to hours and hours of working in front of a laptop computer or even a smartphone.
By investing wisely on CFDs, trading cryptocurrencies and other commodities, a digital nomad will have a greater chance of growing money on the side that will eventually led to becoming a location and financial independent.
Remember what a wise man once said: …
Work hard, invest wisely and enjoy traveling.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.