Are you putting together an investment portfolio?
It’s obviously going to have to contain things like stocks, bonds, and mutual funds. But you shouldn’t stop there!
While these things should make up the bulk of your investment portfolio, you should also look around for some alternative investment ideas. These investment opportunities can help diversify a portfolio and make money in the long run.
So, what kinds of unique investment ideas are we talking about? We’re going to break down seven slightly different financial investments that would be worth pursuing. Check them out below.
1. Real Estate
Of all the alternative investment ideas on this list, this one is probably the safest bet. You can almost never go wrong with investing in real estate since it’ll often go up in value over time.
You will, of course, need to make sure you buy real estate in the right part of town. The location of a piece of real estate is going to determine how much it’ll be worth in the future to a large degree.
But generally speaking, you should get at least a decent return on investment if you’re willing to hang onto real estate for a long enough time. It’s what makes it one of the most solid alternative investment ideas.
2. Cryptocurrency
Some people used to think that the idea of investing in cryptocurrency was crazy. But over the last few years, many Americans have started to get on board with the idea.
As of 2022, about 16% of Americans have invested in crypto to some degree. And while the crypto market can still be volatile, it wouldn’t be a bad idea at all to add Bitcoin or another form of crypto to your investment portfolio. It could pay off in a big way down the line.
3. NFTs
Much like with crypto, many people used to balk at the thought of adding NFTs to their investment portfolios. They didn’t understand what NFTs, or non-fungible tokens, were, much less see how they could become profitable in the future.
But there is a lot of money to be made through the buying and selling of NFTs if you know what you’re doing. There is still some speculation about how much NFTs might be worth down the road. But if you’re willing to take a risk on them, you might be rewarded handsomely.
4. Crowdfunding
When you think about crowdfunding, you likely think about all those Kickstarter campaigns that people have launched to try to raise money for their inventions. But we aren’t necessarily talking about that kind of crowdfunding here.
Instead, we’re referring to things like this Las Vegas entertainment crowdfunding idea. There is an innovative company that’s using crowdfunding to put together shows and other forms of entertainment in Sin City.
If this version of crowdfunding works, it could possibly be very lucrative for those who get involved with it. You might want to consider throwing some money behind it to see if you’re able to strike it rich.
5. Art
Buying art as an investment isn’t going to be for the faint of heart. It can be very expensive to purchase art that is projected to be worth even more money one day.
But if you have enough money stashed away in the bank, you might want to explore the idea of adding some art to your investment portfolio. A lot of celebrities have started to do this, and it has helped send the price of some art skyrocketing.
Who knows? If you purchase the right art piece in 2022 or 2023, it could be worth a small fortune over the next 10 or 20 years.
6. Peer-to-Peer Lending
Do you want to make money while also helping those out there who could use a little extra money in their lives? Then you might want to get into the peer-to-peer lending scene.
Peer-to-peer lending is a process that involves a bunch of different investors coming together to lend money to those who apply for loans. These investors are then able to make money off the interest that people pay for these loans.
Peer-to-peer lending has made a huge splash in the lending industry over the last decade or so, and it could become even bigger in time. You’ll like that it will allow you to make a small difference in the world while also helping you to pad your investment portfolio.
7. Collectibles
People enjoy collecting all kinds of things these days. From baseball cards to old electronics, there is a big market for collectibles. If you’re able to get your hands on the right ones, they could prove to be excellent investments.
We aren’t necessarily suggesting that you liquidate your investment portfolio and sink all your cash into Beanie Babies or anything. But if you introduce a few collectives into the mix, it’ll diversify your portfolio and give you a chance to make money later on.
Give These Alternative Investment Ideas a Shot
If all that your investment portfolio has in it are stocks and bonds, it’s going to be very boring. You should spice things up with at least one or two of these alternative investment ideas.
You’ll get excited to see where your investment portfolio stands at any given moment when it includes so many wild cards in it. You’ll have so much more fun as an investor overall when you have alternative investment ideas to fall back on.
Want to get more tips on making smart financial investments? Look for them in some of the other articles posted on our blog.
