Traditional investments like stocks and real estate can be volatile; this is especially true when the economy is going through a downturn. Over the past couple of years, people have learned that some popular investments don’t always pay off, and they’ve started looking for alternate opportunities.
When you spread out your investments, you lower your financial risk by broadening your portfolio. Try these fun and lucrative unique investment ideas:
Investing in art is nothing new, but that doesn’t mean that it isn’t a good idea. If you scour antique shops and flea markets, you might find yourself an item that makes you a little richer. The best art investor is knowledgeable; you have to be able to spot high value items that are being sold at low prices.
Do your best to become an art expert. Get in touch with dealers, collectors and enthusiasts; become familiar with various mediums and styles. If you don’t have enough money to buy a Picasso, try to find some art that you think has potential. Study the piece’s perspective, color and composition; if you get lucky, you might find something that will be worth a lot of money in the future.
It’s common for people to throw away old sports memorabilia without realizing that they might as well be throwing out money. Over the last 30 years or so, sports memorabilia has steadily increased in value, and people who take good care of their items make decent money.
Supply and demand dictates prices for sports memorabilia, so rare items will net you more profit. Look for things like autographed items from valuable players. Old items are expensive, so start small with modern-day athletes.
Antiques aren’t the most conventional way to make money, but they can offer hefty long-term profits. It’s easy to come across antique furniture and jewelry if you know where to look; many people make a good living going to storage locker auctions for antiques. An avid storage treasure hunter who frequents storage auctions in Tacoma has suggested that you should look for furniture that’s small and useful. Rare items are the most valuable, so look for lockers that contain desirable items.
The wine craze has really caught on over the last couple of years, and rare wine has skyrocketed in price. Over the last 20 years, the value of wine has outpaced the stock market. If you want to make money collecting wine, target quality wines with good vintages. Store your wines in a dark and cool environment, and keep your eyes peeled for counterfeit bottles.
Unique investments bring fun and profitable gains to your portfolio. Find something you love, and invest your time learning about it. When you do, you’ll have a blast collecting items that are bound to increase in value.