The global economy hit a major speed bump this year. COVID-19 caused the global markets to take a nosedive, leaving many wondering how (or if) they could recover their retirement savings and investments. While the markets have partially recovered, there's still a long way to go. Thankfully, there are still ways to see great returns on your investments in 2020. So, let's take a look at a few of the best ways to weather the storm and still come out with high earnings!

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Diversify, Diversify, Diversify

A lot of financial advisors tell their clients to diversify, then their clients make a few changes to their stock portfolio and assume they're done. However, this isn't true diversification. Diversification doesn't just mean rebalancing your stocks and bonds; it means investing in different asset classes to mitigate risk as much as possible.

For example, many people invest in real estate. This can have multiple benefits, as you can use real estate as a place to live, operate a business, or rent out to have a regular cash flow. However, real estate isn't your only option. You can invest directly in a business, cryptocurrencies, art, or dozens of other asset classes to help diversify your portfolio!