You would have heard a lot about Investing in Stocks, Real Estate and Gold. But have you ever heard about the not so common Investments, the Investments that not everyone knows about? Perhaps, they are worth exploring too, lets peak into some.
1 . MLPs
Master Limited Partnerships (MLP) is a unique Investment that combines the tax benefits of a limited Partnership with the liquidity of a publicly traded stock. MLPs may be a business pertaining to natural resources (like petroleum), commodities or real estate enterprises. Read more here.
2 . Wine
Wine bought at a fair discounted price and kept to age, can give good returns as Vintage Wine down the line provide you have a climate control space and enough will power not to drink your Investment. But to Invest in, it only makes sense if you are a connoisseur of wine.
3 . Classic Cars
Cars, OMG!, You are saying a liability can be an Asset? Cars are an Investment? Don’t they depreciate in value?, well hold on, pause, breathe…
Buy a Car and let it rot, well not exactly, if you are into Cars, buy a Vintage Ford, Ferrari or a Car which will potentially be replaced by a better variant while the Old becomes Gold. Down the line find a crazy car lover like you who will appreciate it for its uniqueness & antiquity.
4 . Fine Art
Probably not so uncommon, if you have an eye for Art, hodl onto it for generations and generations, well its never worth its value or is it?
Buying & selling famous paintings has been the domain of the ultra-wealthy in past, but today there are ways that the average Joe can get in the game. You can checkout Companies like Masterworks which pool people’s money and purchase blue-chip artwork. You can make up to 10% or more on your investment per year through it.
5. Music Royalties
Do you remember the Theme Song from the Monkees? Hey, hey, we’re the Monkees. That song still produces on average $10,000 a year. Read more about some of the weird unusual Investments here.
Looking for some popular, easy, conventional ways to Invest, read where to Invest your Money by riteFinance.