There’s no doubt about it, these are very uncertain economic times, and unusual investors are coming out on top. Inflation is high, and getting higher, and this means that the cost of almost everything is on the rise. It also means that the value of any savings we might be lucky enough to have is gradually being eroded.
“investment” (CC BY-SA 2.0) by Nazir Amin
Once upon a time, the theory was that you should put your money in gold when the economic seas were choppy. But even this precious commodity has seen some fairly serious price drops in the current climate.
So more and more people are looking for alternative ways to grow their money, whether it’s hard earned or an unexpected windfall. For example, would you know how to invest if you win a jackpot on the lottery? The prizes can be pretty substantial and it really could be an opportunity to make some truly life-changing decisions. But it’s all a question of choosing which metaphorical horse to back.
Luckily, there are countless opportunities out there, including these five more unusual examples.
5 Different Ways to Become an Unusual Investor of Things
Classic Cars
If you thought that it was only cars like Aston Martins and Ferraris that have become collectors’ items, think again. There is a very lively market in most old cars with enthusiasts willing to pay quite extraordinary prices for them. One of the most notable recent examples was an old Mini with 91,000 miles on the clock which had been left abandoned in a Somerset garage for 30 years. It still managed to fetch £28,000 at auction.
Vintage watches
With most people using their phones to tell the time these days you might expect watches to be a thing of the past. In fact, old models from prestige brands like Omega, Rolex and Patek Philippe are highly sought-after and are steadily increasing in value. There are also plenty of websites selling these models so getting hold of them is no problem at all.
Music Royalties
“Bruce Springsteen” (CC BY 2.0) by Shayne Kaye
There’s been a lot in the news lately about artists like Bob Dylan and Bruce Springsteen selling their entire back catalogue of songs. While you might not have the money to snap up a collection of this importance there is a growing trend to buy a share in the royalties of other artists. It’s done through website like SongVest, ANote Music, and Royalty Exchange and you never know, you might hit on the next “Like a Rolling Stone” or “Born To Run”
Comic Books
Pristine early editions of Batman and Superman comics have always fetched high prices at auction. Now the Marvel Universe seems to be expanding at a million miles per hour there is even more interest in newer editions too. So invest in plenty of plastic sleeves and start putting a superhero nest egg together.
NFTs
If you’re seeking a more unconventional investment avenue and enjoy a bit of speculation, non-fungible tokens (NFTs) might pique your interest. NFTs represent unique digital assets, whether it’s a rare piece of artwork, a memorable film clip, or a slice of sporting history. The allure of NFTs lies in their potential future value, which can be unpredictable yet exhilarating.
For those who prefer non-traditional investment opportunities, exploring the world of NFTs could be an intriguing option. However, it’s essential to approach this space with caution and consider consulting experts or an NFT development company for guidance, as the NFT market can be volatile and challenging to navigate. While there are no guarantees of striking it rich, venturing into NFTs can offer a unique and exciting investment experience.
Conclusion
In conclusion, there are various alternative investment options for individuals who want to diversify their portfolio and become an unusual investor of things. Investing in classic cars, vintage watches, music royalties, comic books, and NFTs can offer a unique opportunity to make a profit while also owning something of value.
Each of these investment options comes with its own set of risks and potential rewards, so it’s essential to do thorough research and seek professional advice before investing. With the right knowledge and a willingness to explore new possibilities, becoming an unusual investor can be a rewarding experience both financially and personally.
