Who doesn’t want to make a killing just by investing? We all hear the dreams of buying a stock low and then have it surge overnight. But you may not know that you can invest in other ways that don’t just involve the stock market. If you do not have an eye-popping amount of money, you can still invest with small amounts that will reap big rewards. Bottom line, you do not need to be the Wolf of Wall Street to become a wiz at investing.
1. Jewelry Investments
You may not know that the IRS actually considers metals and precious gems to be collectibles, which means if you know what you are looking for, you can make a killing when it comes to investing in jewelry. Still, there’s always a risk. If you are in the market for a piece of jewelry, you will want to abide by some golden rules to make sure it can make you a pretty penny in the future.
Necklaces, earrings, pendants, and bracelets are always a good starter item. If you are looking for a specific item to invest in, you’ll want to make sure that you find it appealing because, in the end, if you don’t make a sale, then you may end up keeping it. If you ever decide to sell your necklaces, many buyback schemes will offer real-time pricing. Naturally, like any other investment, gem and metal values can fluctuate. It’s also important to keep in mind that the IRS will tax any gold you sell at 28 percent.
2. Alternative Investments
Any stockbroker will know about Yieldstreet — an online platform that offers investors access to alternative investments in commercial real estate, marine projects, and even art. But is Yieldstreet a ripoff? One of the big turns off is the fact that they often take a minimum of a $10,000 investment. Some other cons to this type of investing are the highly illiquid investments, which means they are assets that can not be sold quickly like real estate investment. There are often limited offerings available, and most investments are only available to accredited investors.
But there are some positive attributes to Yieldstreet such as access to commercial, real estate, and art investments. Yieldstreet is also available to individuals so they can invest in privately structured credit deals. Their investments are also backed by assets, which can provide some protection in case of default. The idea of Yieldstreet investors being allowed to participate in a wide array of different types of investments is exciting to most, and many are willing to take the risk.
3. Investing in Land
It may have never crossed your mind to invest in any type of land, but it is a unique idea. While buying farmland can be expensive and involve a hands-on attitude, there are now options that offer low-cost investment opportunities and allow investors to buy real land plots. But you may be wondering why you should invest in land. Well, frankly, no more is being made, so once space is gone, it’s gone forever. The simple law of supply and demand means that your piece of land will likely increase in value.
4. Investing in Alcohol
Putting your money into a fine wine may be just up your alley. If this is a type of investment that piques your interest, be prepared that you will need to know your wine first. Many who choose to invest in the nectar of the Gods are sommeliers or have hired one to help them select their bottles. When investing in wine, you will own the individual bottles. Most bottles start at $1,000, so the entry-level bottle is not cheap, however, it can be very rewarding in the long-run.