Five Alternative Investments
If you feel that you have invested enough of your monies in more conventional investments such as instant access savings accounts, bonds and stocks and shares then you may wish to consider some alternative forms of investment. The difficulty that you have is that there is such a huge range of potential options open to you.
When doing so, there is a lot to be said for selecting one or more alternative forms of investment that you actually have an interest in on the basis that you will, at least, have some knowledge about them. Therefore, if you enjoy a flutter on the horses you could consider investing in a racehorse or if you are a drinker of fine wines perhaps invest in buying a few bottles of quality wine.
So, below are a few alternative investment possibilities that you may wish to consider but do remember that there are many others that are not listed here so it would be a good idea to explore other options as well from a professional adviser.
Memorabilia from well-known films such as Star Wars are renowned for producing significant profits. For instance, a gown made by Givenchy that was worn by Audrey Hepburn in the film called Breakfast at Tiffany’s achieved a sale price of £467,200 in 2006.
Investing in art also has the added benefit of you being able to display the piece of work on the wall in your lounge. Just as with most equity-based investments, you should view such an investment as being held for a minimum period of 5 years in order to achieve a reasonable profit. If you prefer to take a safer route then you could buy a painting by a well known artist but if you are prepared to take more of a risk with the possibility of achieving a greater gain then you could consider buying a painting by an up and coming artist with the added benefit that it is likely to cost less than a Picasso.
You have probably watched a few episodes of the Antiques Roadshow at which a number of people have been pleasantly surprised to discover that they have in their possession a piece of jewellery that is worth a considerable sum of money. Buying jewellery is an avenue open to many people with the added benefit that a great deal of pleasure can be obtained by wearing it. The options are almost limitless depending upon your budget but perhaps look for something that is a little quirky such as an art deco gem ring.
You don’t need hundreds of thousands of pounds to buy a classic car. Many classic cars that require restoration work can be purchased for under £10,000 and, after the car has been returned to its former glory, it could be worth considerably more.
So, as you can see, there are a number of options for you to consider but by doing some research on the Internet, you will discover many other possible alternative investments.