When you think about investments you probably think of stocks, shares, mutual funds and various other investments of a similar ilk. However you have more options than this, including some rather unusual investment opportunities you may wish to consider.
So let’s focus on some of these now, so you can see whether your interest is piqued by them.
For many people wine is something to be drunk and enjoyed on an evening spent with friends and family. For others, certain choice wines are to be invested in with an eye to the future.
There are certainly plenty of wines that appreciate in value over the years. Of course you have to know your stuff – it’s not enough to buy a few bottles from the local store and put them away for a few years to capitalize on your investment. However if you are willing to focus on learning more about wine – and in particular which wines to look out for and invest in – this could be worth sinking some money into.
The more you know and understand about art, the easier it will be to stand a chance of investing successfully in this medium. This is perhaps one of the more challenging but unusual ways to invest some cash.
However there are some simple rules you can bear in mind. Don’t aim to buy expensive artwork from famous artists. Instead, look for ones who have not yet been discovered. If it turns out you have an eye for the best artists who achieve fame in the future, your investments could appreciate by a significant amount. In addition, make sure you recognize the importance of quality and store your artwork properly so it does not become damaged.
This is another example of a tangible investment you can think about. Memorabilia can relate to investments in lots of different areas. For example you could invest in sports memorabilia, or opt to sink some money into toys from years gone by. You may even find you already own a few things of this ilk that have a value beyond what you originally bought them for.
This often begins as a hobby for many people; indeed there is arguably a lot more enjoyment to be had from investing in memorabilia than there is from investing in stocks and shares.
What could you invest in?
These three suggestions are just the tip of the iceberg when it comes to unusual investments. They should perhaps act as an additional way of investing your money as opposed to being an alternative to stocks, shares and whatever else you invest in. However it is wise to make sure you don’t just view these possibilities as quirks. You need to be sure you apply the same diligent research as you would to any other investment before sinking your money into it.
This is all part of not having all your eggs in one basket. As you can see, it is worth having a few more unusual baskets in your collection too.