Oxstones Investment Club™In today’s challenging financial world, making money from an investment is easier said than done. Fortunately, it’s not something impossible to do if you make sensible decisions. Entrepreneurs willing to invest want to do it to create more opportunities, and implicitly increase their income. Sadly, in this economy very few are willing to take a risk. Everyone wants to find decent solutions with minimum dangers and high returns. They say in business there’s no such thing as an investment deal that’s 100% safe. Have you ever thought of making money investing in non-traditional ideas?
1. Collectibles – comic books and sports memorabilia
In general, most collectors of comic books and sports memorabilia are men. This type of investment can render significant returns, however you have to know the niche really well. For instance, a Honus Wagner card is extremely rare. A couple of years ago, it was bought at an auction for the colossal amount of $350,000 only to be sold afterwards for $1.6 million. High-end sports memorabilia increase in value; however we’re talking about an emotional value here. Since there’s no supply and the items auctioned are almost extinct, avid collectors want to have them for their own pleasure. Most of these bidders are wealthy individuals who don’t want to sell their purchases, but add them to their collection.
If you’re serious about this form of investment, stay away from things post-1970. Rather than go for low-end items, it’s always better to opt for high-end collectibles. Last but not least, think like an investor and be selective.
2. Self-directed IRA
Self-directed IRAs are in fact retirement accounts, and you’re at liberty of selecting whatever type of investment you want to hold your IRA. It’s up to you to decide when to buy or sell, and under the current law, the minimum contribution is $6,000/year. The sums of money in the account are considered ‘investment earnings’ and they amass on tax deferred basis. This means there’s no income tax legal responsibility until you start withdrawing the money after you retire. Self-directed IRA is an excellent form of investment for those who want to have a decent lifestyle after retirement.
3. Real estate
Making money with real estate is one of the most common ways of investing your money. Property is the ultimate tangible asset, and unlike other similar asset, the price goes up over extended periods of time. There’s more than on way to invest in real estate.
- Home ownership – this is one of the simplest ways of making more money. Home ownership allows you to boost ownership equity through various ways of amortizing the mortgage, thus gradually helping your property appreciate.
- Rental property –First, you need money to buy a property, and then keep it (or rent) until its value skyrockets. Location is key in rental property investment, and in the long run, the returns can be amazing.
4. Fine wine
Last but not least, you can invest in fine wine. This form of business can bring substantial returns, provided that you make the right decisions. Not many have the courage invest in wine, and that’s mainly because they don’t understand the industry. General prices for excellent-quality wines like ones offered by Château Mouton Rothschild, keep appreciating in spite of the current financial turmoil. Unlike stocks and bonds, this liquid asset doesn’t depreciate because there are always people willing to buy; as the supply diminishes, the demand increases – this leads to colossal swells in prices, too.
However, it’s not that easy to buy good wine, and you can’t rush into getting the first bottle that comes your way. If you’re not an expert, you should assess the market first. Learn the basics, read the experts and get advice from merchants and sommeliers. This way, you’ll know exactly how much to invest, how to invest and how long you must be willing to wait until to see returns.
There are all kinds of non-traditional ways of investing your money to make good profit. The problem is very people dare to take a chance. In business, it’s important to have a bit of competitive spirit in you if you want to succeed. Why go for traditional investment ideas and do things like everyone else, when non-traditional ideas are lesser known and have a greater potential for success?
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