In uncertain times, many people are concerned about investing in the stock market. While some are entirely comfortable riding out the global pandemic and sticking with public trading options, others are looking for more creative ways to invest. From precious metals and real estate to private investing and collectibles, there are many options for those looking for alternatives to the stock market. If you aren’t sure how to invest but are interested in other ways outside of the stock market, read on.
1. Gold or Other Precious Metals
Many people are more worried about things like how to protect your jewelry than the actual gold that their jewelry is made of. While a family heirloom is priceless and few things are as sentimental as the necklace you wore on your wedding day, your engagement ring, or other valuables in your jewelry box, there’s another way to think about jewelry, too. Unless you collect costume jewelry, your jewelry box is likely filled with precious Medals. Gold, Silver, Copper, and more might be worth a whole lot more than you realize.
Before you go pawning off or melting your jewelry down, use that special collection as a sign. A lot of people aren’t aware that, even in modern times, it’s quite possible to buy gold, silver, and other precious Medal coins. An alternative investment for many, precious metal coins and bars give a nod to past times. Like it or not, we now live in very uncertain times. History tells us that, during the Great Depression, forward thinkers had the foresight to invest in gold bars and other precious Medals in case of bank account crash or defaults.
Regardless of how concerned you are about current events and the unconditional times we’re living in, a quick look back at history and a little research might be the due diligence you need to point you in the direction of a new investment opportunity.
2. Real Estate
If buying gold bars and burying them in your basement sounds too far-fetched, what about something more obvious? A lot of investors are diving into the real estate market as an alternative form of investment. Because more and more people are scrambling due to an oncoming housing crisis from evictions and foreclosures, some are using this time to turn the seller’s market into an opportunity.
While restorations for historic homes may have been more sentimental in the past, real estate investors all over the United States are now looking at turning bigger houses into apartments or other forms of rental property. With the idea of having tenants pay their mortgages, these savvy investors are hoping a passive income down the road will pay off long term. In many cases, historic preservation only takes a few minor renovations and some cosmetic work to get a higher return later on from a historic building you’ve purchased, which makes this a great option for investors interested in alternative assets.
3. Passive Income Investments
For those who aren’t interested in flipping houses or worried that landlords won’t get monthly payments due to the global pandemic, another option is to invest in businesses and private projects that will provide other forms of longer-term passive income.
For these creative investors, alternative investment platforms like Yieldstreet are treasures as good as that diamond jewelry. If you’re caught between the idea of sticking with the traditional markets or tempted to run a Google search like ‘what is Yieldstreet,’ you’re already thinking like a savvy investor. A platform for like-minded financial risk-takers, geniuses, and even hobbyists, places like Yieldstreet can help give you the information you need to make a solid decision on your next investment.
If you aren’t sure about what Yieldstreet can do for you, consider calling to ask about Yieldstreet wallet accounts, Yieldstreet offers, and the type of investment that might be recommended for you.
Often overlooked, collectible items are often great investments. Fine art, antiques, and even artwork restored to its former glory can turn a pretty profit down the road. While there are no guarantees on how values will change, no different than 24 karat gold, rare items are often worth the risk and the only way to know if they’ll pay off is to take a chance.
Most financial advisors will tell you that a diverse portfolio is always the best way to secure your long term finances and investments but this doesn’t mean it all has to go through the stock market. By putting your hard-earned money into different pools, you’ll have less risk and more options. If you aren’t sure how to invest without using the stock market or are looking for options in addition to it, consider calling a licensed and professional financial advisor for help.