While stocks and bonds might be the most popular investment types, sometimes it can be worthwhile thinking outside of the box. There are many unique paths to choose from that can yield extremely high returns and may even be a better choice for your portfolio. You just need to do a little research, that’s all!
Fine art is an expensive investment to get into, but it can be a great way to increase your finances if you have the money. Some pieces are worth hundreds of thousands of dollars, and you never know when you may come across a rare gem. However, with all that being said, there is no guarantee that the artwork you purchase is going to worth money in the future. Popular artists can quickly fall, leaving some pieces worthless.
Another physical investment that has been around for many years is precious metals. There are so many different kinds and types available; it’s an excellent choice for those wanting a hard asset. For example, you can invest in gold coins with Gainesville Coins or consider purchasing bullion. These different options are great for those looking to diversify their portfolio, and they offer little risk compared to things like stocks.
Old toys, wine, stamps, and sports memorabilia, collectibles are one investment type with an incredibly broad selection. While it’s not exactly easy to get into, you would be amazed at how much money can be made from particular objects. Check out these most expensive collectibles in the world to see how much we are talking about!
Every single time a song gets played, the writer receives royalties. However, it is now possible for individuals to buy a percentage of those royalties in order to make a profit. It might sound a little confusing, but if you were to invest in the next big hit song, you could make a large sum of money. Check out performance royalties for more information on how they work.
Peer-to-peer lending is a way for individuals to lend out money to others without the need for a bank or financial institution. This means you can make money on interest and fees from other individuals needing a loan. These high returns can be very enticing, but it is usually recommended that you offer lower interest rates due to competition between lenders.
Cryptocurrency is a form of digital money that cannot be seen or physically held. Most forms of it, including bitcoin, is based on blockchain technology and is decentralized. While it is incredibly volatile, over the years, some individuals have made thousand by purchasing and trading digital coins.
And that’s it! These were six unusual investment types that you should look into. While they might not be for everyone, it’s essential to consider all of your options if you’re looking for the highest yield. Diversity is always vital!