Most people know about stocks, mutual funds, and bonds, but did you know that there are many different and unique types of investments? While some of these may pose a high-risk factor, it’s still interesting to see just how much you can make from these unusual opportunities. In this article, we’ll take a look at five unique investment types that you may want to consider. Sound interesting? Then keep on reading!
Media and film
Investing in media and film sounds exciting, but it requires a lot of money, to begin with. It’s also one of the riskiest investment types out there, which is why many stay clear. For example, a bad film can lose hundreds and thousands of dollars, which is still a significant amount of money even to the super-rich. However, if you play the cards just right like many have done before, it can pay off very nicely.
Cryptocurrency is an entirely digital currency that does not have a physical form. It’s become an increasingly popular investment type of the last few years, since the rise of bitcoin around 2009. While the price does fluctuate frequently, if you buy and sell at the right time, you can make a significant profit. Check out how to use bitcoin ATM to get started.
Investing in precious metals may sound daunting, but like most of these investment types, it can make you quite a large sum of money. Gold and silver are extremely popular choices as their value has continued to stay the same; however, there are other options. Things like copper, platinum, and palladium can diversify your portfolio and are part of a very demanding market.
Another option for the rich, fine art is another high-risk investment type, and it can take years until you see a high return. On top of that, it can be extremely hard to re-sell pieces, especially if the market goes into recession. However, if you do manage to find that one of a kind piece, you can make a pretty penny. For example, one piece of Michelangelo was found to be worth $75 million.
Investing in real estate is another popular choice for many individuals and is safer than some of the other options on this list. Homes can be purchased and re-sold, renovated, and even rented out to earn a monthly income. The possibilities are endless, but you still have to be smart with your decisions. For instance, the market can change frequently, and you may not be able to make a profit. Also, if you are renting out a property, you must maintain it, which can add up to cost quite a bit of cash.
Some of these investments are certainly not for the faint-hearted but can provide you with high rewards if you’re interested. If you are thinking of choosing one of these unique options, you should first seek the advice of a financial planner. They can help you find the best course of action and inform you of the potential risks. Good luck!