Not everyone interested in investing is interested in the stock market. Many people would rather purchase an investment and hold onto it long-term as it appreciates value or produces residual income. Let’s face it, the stock market is too fast-paced for a lot of people, not to mention the stomach-churning volatility of the stock market.
Alternative investments are great investment opportunities for people who don’t want to invest in traditional assets. One of the best things about alternative assets is there’s a low correlation between them and the stock market, making them a great way to diversify your portfolio or hold long term. Here are five ideas for alternative investments that could make you a lot of money.
1. Mutual Funds
People who earn a lot of money or have a high net worth tend to like high-yield investments. Truth be told, everyone likes high-yield investments, but not everyone qualifies for them.
Mutual funds are one of the most popular personal finance options for high-net-worth individuals. To invest in a mutual fund, you have to become an accredited investor. Being an accredited investor means you can afford to suffer a large loss on an investment.
The reason that some types of investments, like mutual funds, require you to make a certain amount of money or have a high net worth is to keep investors from losing all their finances on a bad investment. To learn more about what it takes to become an accredited investor, you should visit wealthrocket.com.
Wealth Rocket is a great name for the website, as it has a wealth of knowledge to help you launch your finances into a higher tax bracket. Whether you want to invest your personal capital in sterling silver or learn about different savings account interest rates, Wealth Rocket has the information you need.
How many blockbuster movies have you seen where jewel thieves were on the hunt for exotic diamond tennis bracelets and jewel-encrusted necklaces? That’s because precious jewelry has more value to it than its mere glam factor.
Throughout the history of the United States, people have been able to use jewelry made from yellow gold, white gold, platinum, diamonds, and other precious metals and gemstones as currency when in a tough financial situation. Small business owners and pawnbrokers have been known to accept jewelry as collateral for loans or even bill payments. If you have jewelry made from precious metals or gemstones, merely taking care of it could earn you some serious capital.
3. Real Estate
Real estate is one of the most valuable and reliable alternative investments because real estate is something that’s always in demand. If you have lofty financial goals, investing in real estate is the surest way to reach them.
The key to being a successful real estate investor is to leave property management to the experts. Finding the right property management company will save you from having to deal with tenants, property maintenance, and many of the other headaches that come with being a landlord.
4. Classic and Exotic Cars
Automobiles have been a symbol of status since they were invented. Throughout time, there have been some iconic automobiles whose value appreciates with time rather than depreciating. People who invest in classic and exotic cars get the benefit of having a sound investment they can also enjoy on the weekends.
5. Fine Art
If you’re a big spender who has an appreciation for fine art, you could find that art is the best investment opportunity for you, as well as a hobby. Pieces of art often resell for an exponentially higher amount than their original cost, but the downside is that it’s hard to tell what pieces will increase in value over time and by how much.
Alternative investments can be lucrative in the long-term if you’re willing to manage them properly and do your homework before investing. The key is to learn as much about an investment opportunity as possible before committing.