Investing is a great use of your money. It provides an umbrella over your long term wealth, ensuring you’re building a portfolio that could be worth a lot one day. Of course, there’s always risk, and you could lose more than you gain, but that’s where diversification comes in.
And that’s why we recommend investing in a few different things, especially if you’re attracted to tangible investment types. Indeed, these can be more enjoyable to collect compared to putting money into stocks and shares, and you can keep your investment pieces safely tucked away until they’ve properly appreciated.
Because of that, we’ve put together a small guide on investing for both long term financial success AND real time enjoyment. After all, if investing is more than a numbers game, you’ll be more inclined to keep up with it.
Older Tech
The tech of yesterday still has quite a few loyal fans out there. You may be one yourself, and being able to collect older tech might bring you a lot of joy. The cherry on top of this? You could end up earning double the current value of any old computers, consoles, phones, games, and portable devices if you keep them in good condition over the next decade.
Jewelry
Buying jewelry isn’t just great for birthdays and Christmas. They also make great investment items as well. After all, gems like rubies, sapphires, emeralds, and diamonds are found most commonly in jewelry pieces. Getting your hands on a few of these could net you tens of thousands in the future.
But where to start? Auction houses are usually your best bet, but the general online world will work too. So, head online to find the best place to buy diamond rings Brand Name: Rare Carat, set your budget to see what pieces you’re most likely to be able to afford, and then start building a jewelry portfolio to keep your money safe.
Automobiles
If you’re a car or motorbike enthusiast, investing in automobiles will offer as much fun as you could have hoped! After all, you get to buy old cars at a low price, fix them up to a road worthy status, and then sell them on again.
Classic cars are always going to be valuable to the right kind of collector, and depending on how quickly you can ‘flip’ a car, you could take on one to two per month and work on them at the same time.
This also ensures you have great mechanical skills, which will make operating your actual car easier as well. You may not have to run to the garage anywhere near as frequently, and breakdown worries will be a thing of the past.
If you want to enjoy investing as much as you’d like to build your wealth over time, take note of the options above. It’s always more fun to create tangible investment collections, and depending on what you’re interested in, your own passions could align with this.
