If you want to step out of the box when it comes to your investments, there are several options to consider. Here are four unique ways to invest your money.
Profitable Pinot Noir
The value of high-end wine has taken a significant leap in the past several years. For almost two decades, many blue-chip wines have even outperformed several stocks and kept up with the Dow Jones industrial average. To take advantage of this unique opportunity, look for top wines with excellent vintages, and be sure to provide a climate-controlled environment to keep them well-preserved. To protect yourself, make sure to be educated about recognizing counterfeits.
In addition to stocks, bonds, and mutual funds, you may consider looking into options, futures, real estate, or other semi-traditional possibilities. Some of these investment strategies provide significant benefits. For example, investing in commercial mortgage loans can come with perks like immediate high-yield income, hard asset collateral to protect your funds, and short-term commitments.
If you have a love of literature, put it to use for financial prosperity. Some titles have been known to sell for several million dollars. You are not as likely to find success by browsing your neighborhood antique store or perusing a garage sale, so you should use auctions and book dealers for the best odds at finding valuable treasures. Keep an eye out for signed books and first editions.
If you’re a history buff, collecting historical items may be your passion. Cash in on your hobby by paying close attention to the memorabilia that you choose to acquire. Civil war artifacts are significantly profitable, with flags ranking as some of the most valuable pieces. Firearms and military gear are also highly sought after, but be wary of the amount of restoration and work that has been applied since this can drive down the value.
You don’t have to stick to traditional formulas for financial success. If you want to diversify your investments and keep things interesting, give these ideas a try.