Stocks and Real Estate get all the attention when it comes to investments and building wealth, but there are several other investments vehicles you can use to diversify your portfolio.
Invest In Art
Investing in art can be a great and visually appealing addition to any investment portfolio. Art is tricky however, and like any investment nothing is guaranteed. The sophisticated art collector knows the right pieces to buy and usually has the extensive capital to do it; but the average joe can still invest in art without having to break the bank.
Buy signed, limited edition prints: This is the best way to break into art collecting. There are tons of talented artists showing their work on platforms like instagram and pinterest, and most of them are selling prints, often in limited quantities. Like a stock, a little due diligence will help you identify an artist on the verge, and you can get some of their signed limited pieces at very affordable prices. After that, you sit back and watch that artist’s stock rise along with the value of the limited pieces you bought. Buy low, sell high.
Art Investing through crowdfunding is another option for you. Arthena is a platform that gives individuals access to collect with art world experts. Choose collections you are interested in, pool your capital with other collectors, and invest.
Like any investment, there are no guarantees when it comes to investing in art and you should always feel happy with what you’re buying. If, however, the investment side of things is an area that interests you, then buying works by up and coming artists is the best place to start. You may never want to sell the works you buy, but it’s exciting to imagine that the work you are buying could be by a future art star and that you discovered them first.
Invest In Startups
With the help of new legislation, you no longer have to be an accredited investor to invest in a startup for equity through a crowdfunding platform. A site like Seedinvest allows your to invest an equity position in a vetted startup for as little as $500.
Peer To Peer Lending
Generate monthly income through personal lending. Platforms like Lending Club allow borrowers make payments on their loans, investors are paid monthly on their corresponding Notes, minus the impact of borrower defaults and Lending Club fees.
Disclaimer: Like any investment, its important to do your due diligence and ensure that these options are suitable for your investment goals.