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What other things can you invest in besides stocks, bonds, money markets, and mutual funds? |
I've already invested into a mutual fund, I have a couple cd's already, but I'm wanting to invest in some of the weird stuff that many people haven't heard of. I'm looking into purchasing tax lien certificates and have thought about the real estate, but I'd like to find something a little less complicated than real estate. I'd like to add I JUST turned 27 a couple months ago. get rid of the cds to start. Stocks already cover much of the other stuff. DBV covers currencies. IAU covers physical gold. REITS cover real estate. Owning a stock or MF does not mean you have that base "covered". SIlver also has an etf as does alternative energy; individual & collective foreign countries; etc. etfconnect.com 1 help point. ever thought about collecting art? Buy houses for sure! You'll never lose your money. Look for house to be fixed, makes some works and paint all the walls and then resell or rent them! 1st off I agree with lorenzo real estate is the way to wealth. 2nd dont purchase tax LIENS, purchase tax DEEDS....BIG difference....with real estate you cant go wrong.....good luck you could invest in my invention. Real Estate is not that tricky or complicated, I have been working with investors for 5 years and have got great results. If you think about it, real estate is not going to go anywhere and if it does, you have insurance. Right now in Indianapolis the city is selling bulk properties for pennies on the dollar they are appraising for at least 55,000 and you can get a bulk of 10 to 20 at a time for a price well below the appreised value. With alot of my investors I also took care of the re-hab and property management. May not be "exotic" enough for you, but Real Estate Investment Trusts, or Canadian Oil Trusts. They are asset based and pay high dividends, royalties, etc. I'm assuming that your main objective is to make money, not just have some "weird" investment for bragging rights. (double check your motives) try commodity future |
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