If you think that the stock market is the only investment option for you, think again. In today’s world, there are many unique and different investment options available. Most importantly, these investment options can fuel positive change in your life. Whether you’re going through a divorce, nearing retirement, starting a new business, or hoping to fund your child’s college education, smart investments can make these transitions smoother and easier.
Before investing, it’s important to consider your strategy, what you’re comfortable with, and how to approach this use of your money. Did you know that women are generally more risk-averse? Research shows that women have a lower tolerance for risk in part because of life changes that typically affect women. However, women can work around this by adjusting their investments to match their risk tolerance at key points in their lives. Plus, women can create a diversified portfolio that evens out the risk and achieves great overall outcomes.
Pro Tip: Work with a financial planner who understands your unique needs, risk tolerance, and stage in life.
Now that you know what you need to know before investing, here are three unique investment ideas to consider:
The metaverse is a quickly growing and popular new investment option. If you want to get in on it, remember that a shiny new novelty like the metaverse can offer great opportunities, but also risks. Be cautious and limit your investment to 5-10% of your liquid assets. Also, this may be an area best for people with some investment experience.
Invest in the metaverse by getting into metaverse stocks, cryptocurrencies, or NFTs (Non-Fungible Tokens). If you purchase metaverse real estate, you can also develop it and make money that way. How? People create virtual casinos, hotels, or virtual gaming areas. Alternatively, simply hold on to that digital space as its value increases and sell it when you’re ready.
Real estate is a great way to invest. If you’re not interested in becoming a landlord, you can also invest in alternative real estate options. Two examples are parking spots and undervalued empty lots that have the potential for commercial use. Parking spots are increasing in value in cities of all sizes, meaning that owning those spaces can bring in a lot of cash. Cheap land in areas that are expanding can also be a great investment. Land is almost always a good investment, as it’s likely that it will appreciate in value over time.
Whatever your passion may be, it can almost surely become an investment opportunity. When you invest in your passion, you are knowledgeable about it, meaning you can be confident in your decisions. Here are some popular passion-type investment areas:
Are you ready to get started? Transform your life with amazing investments that will help you build your future in a way that’s catered to your values, risk tolerance, and knowledge base.
Do you need a Certified Financial Planner who can help you choose the best investment options for you? Elaine King can help! Book your discovery call and follow her on Facebook, Youtube, Instagram, and Twitter.