When you are looking to make your money work harder, grow your portfolio and start producing a nest egg, every financial advisor on the planet will point you toward stocks and shares, which is great for those that can deal with complex (and mundane) jargon.
But stocks and shares aren’t for everyone, which is where alternative investments can swoop in like a funky, tie-dye-wearing, caped-crusader, here to save you from any form of boredom, all while helping you grow your net-worth.
The problem is: not all alternative investments are safe-bets. So, to help you, we’ve pulled together a list of odd investments that are reasonably safe.
#1: Make More Coin
When you are looking to invest in coinage, there are only two types of coin worth considering: bullion coins and numismatic coins. The first, bullion coins, are minted by national governments, usually in gold, such as the American Gold Eagle, the South African Krugerrand and the Australian Nugget. The other type, numismatic coins, which derive their value from scarcity, such as Morgan dollars, Walking Liberty half dollars and certain Buffalo Nickels. In either case, the rarest coins are the ones that provide the biggest returns.
#2: Crypto Ain’t Complex
Since cryptocurrency burst onto the scene, people have been left scratching their head, wondering whether or not it is a bubble that will, well, burst. More recently, though, cryptocurrencies have been making people sit up and listen, especially Bitcoin, in which you can learn more at xCoins.io. The greatest thing about this investment is how easy it is to get your hands on, which isn’t always the case with the other investments on this list.
#3: Wine O’Clock
Knowing your wine will help, of course it will. But even a Google search can help first-time wine-investors make a steady return between 6 and 15 percent annually over the long-term. What makes this game so interesting, however, is wine connoisseurs and collectors both of whom are notoriously picky. As such, investors need to keep their ear (or tongue) to the ground in order to pick the vintages that will sell. As a general rule, Bordeaux wines and those from other parts of France are the most reliable investments, although there are a lot of Burgundies and Californian cult cabernets that make good investments.
#4: Investing in a Fine Art
The best thing about investing in art is you get to add a splash of wow to your walls while you watch the value (hopefully) go up. Another plus is that art tends to go up as the stock market goes down, as the second half of the 20th century proved with art rising at a delicious rate of 10% annually. One thing worth mentioning is that buying paintings or sculptures from the top galleries and auction houses costs money – at least $10,000 typically. That said, buyers can enter the market with much-much smaller amounts – between the $500 to $1000 mark – that’s if you are willing to take a gamble on a more undiscovered artist or sculptor.