4 Unconventional Investment Methods That Could Work For You
Unconventional Investment
If you are like most people, your first thought when considering investments probably focuses exclusively on the stock market.
However, contrary to what you may believe, there are actually many different ways in which you can invest your money.
If you are ready to embark on a much lesser-known path to obtaining wealth through investing, here are four unconventional investment methods that could work for you in the long run.
Fine Art
Like most people, you have probably assumed only the extremely rich can invest in fine art. However, that’s not the case.
If you want to pursue a different investment path, you too can purchase a piece of a famous Monet or another masterpiece.
Working with companies such as Masterworks, your money can be pooled with other investors, enabling you to purchase valuable paintings or other works of art.
Best of all, the company claims it may be able to help you see an ROI of up to 10 percent per year.
Cryptocurrency
Gaining in popularity with more and more investors, cryptocurrency is catching the attention of big companies such as Amazon and Mastercard.
If you have heard about bitcoin or other forms of cryptocurrency and think this may be your ticket to wealth, you can try your hand at crypto margin trading.
However, before doing so, make sure you learn all you can about this new form of investing.
Music Royalties
Whether it’s in movies or television commercials, it is very common for various songs to be used for advertising and other purposes.
When they are, the artists receive royalty payments for the use of their song. However, you too can get a piece of this action.
In many cases, songwriters choose to sell shares to investors who want to profit when these songs are used.
Often done in auction form, the auctions are open to anyone who is interested.
As an example, the theme song from the 1960s iconic show “The Monkees” still brings in more than $10,000 per year in royalties, so anything’s possible.
eBay Land Deals
Yes, many pieces of cheap real estate can be had on eBay. However, they may be in locations such as Death Valley, so beware.
Yet recently, investors have paid as little as $57 for lots of land in the Mojave Desert, so you never know when an unconventional real estate deal could pay off big.
As with any type of investing, there is of course financial risk. Yet if you are willing to take a chance on something unusual, you might come away with quite a payoff.
Category: Investing
