Investing is important. It’s what enables us to build a nest egg and retire comfortably. However, that doesn’t mean investing is fun.
Traditional investments include things like stocks and bonds. Some employers offer access to these sorts of investments, while others seek out these kinds of investments on their own. There are many people who have made millions of dollars using these kinds of investment methods, but very few people would admit that they’re very much fun.
If you’re looking for a way to invest, make money, and have fun while you’re doing it, consider one of these investment ideas instead.
Invest in Real Estate Overseas
Purchasing real estate is a fairly common investment strategy. However, if the idea of owning commercial property or maintaining an apartment building near where you live doesn’t sound like that much fun, consider investing in real estate overseas instead.
There are a lot of great opportunities all over the world to invest your money. For example, consider some of the most popular areas to invest in Dubai, which include Palm Jumeirah and Dubai Marina.
What’s the benefit of investing overseas when compared to investing stateside? Although it can be more difficult to manage a property from far away, it gives you a reason to travel overseas often. Invest in rental real estate and you’ll even have a built-in place to stay for free on your next vacation!
Buy Gold and Jewelry
Gold is a great investment strategy. It is especially appealing to people who don’t like the idea of abstract investing. It can be scary to know that tens or even hundreds of thousands of dollars is tied up in stocks that are represented by digital pieces of paper. Gold is something you can hold onto that retains and appreciates in value over the years.
Not thrilled by the idea of having gold bars tucked away in a safe? Make things even more interesting by collecting jewelry.
The gold, platinum, and silver in jewelry will increase in value, as will precious and rare gemstones. Jewelry can be an even better investment if you choose jewelry from quality manufacturers and artists that are popular and well-known.
Buy Art and Collectibles
If gold and jewelry really aren’t your thing, and you want to make a big statement with your investments, consider buying art instead. As is the case with jewelry, it’s important to learn how to be an art collector to ensure you buy pieces that you love, but will also provide you with a return on your investment someday.
If paintings and sculptures don’t move you, finding collectibles that you love might. Just a few ideas include:
- Childhood toys, like Garbage Pail Kids’ cards and Beanie Babies
- Early American furniture
- Pottery and vases
- Antique lamps
- Figurines, like those made by Hummel
Buy Penny Stocks
If what you don’t like about the stock market is that it’s so boring, but you like the idea of stocks and want a challenge, consider penny stocks instead.
It’s true that penny stocks can be a bad way to invest your money if you aren’t careful. Many people have been lured in with cheap stocks only to end up losing their money. That’s why it’s important to learn how to invest in penny stocks the right way.
This method of investing can take a lot of time and it can be risky, but for those who are looking for a fun challenge, and don’t want to spend a lot of money on stocks upfront, it can be a good investment strategy.
Become an Angel Investor
If you want to feel like you’re making a difference when you invest your money, consider becoming an angel investor.
An angel investor is someone who provides startup capital for entrepreneurs. They generally invest in the person and the idea, and investments aren’t driven by the potential success of the business, like they are with venture capitalists.
These investments help entrepreneurs make the first steps towards creating a viable business. That can be rewarding, but it can also be risky. Only a small portion of your portfolio should be dedicated to angel investment projects.
Investing doesn’t necessarily mean you have to play the stock market for the rest of your life. There are many varied ways to invest your money that can be both lucrative and fun. Just make sure that no matter what method you choose, you diversify your portfolio with multiple types of investments to increase your chances of making money in the long run.