When you are looking at investing in your money, it can often be difficult to work out what is a worthwhile investment, especially if you have not made many major investments before or if you want to find a more unique type of investment. If you do not believe that you are ready for, or do not want to invest in, stocks and shares, here are some of the best alternatives to put your money into.
Classic Cars
Classic cars are a great investment for automobile enthusiasts as they retain their value for years and years, as long as they are in excellent condition, and their rarity and value can even grow over time. All you need to do in the meantime is to maintain and look after the car in question, and have somewhere safe to store it, such as a garage. You might even be able to take it to classic car shows and showcase the wonderful vehicle that you have chosen. To make it an even worthier investment, you might even pair your investment in classic cars with number plates cherished, as these have often made better investments than stocks and shares and can ensure that your number plate’s era matches that of the car that you have bought.
Jewelry
If you want to invest in something a little flashier, though, you should consider putting your money into a few beautiful jewelry pieces. One of the best materials for this jewelry to be made out of is gold, as this increases in value most of the time, even during recessions, when other investments are likely to drop in value. However, you should ensure that the pieces that you invest in are genuine and that you buy from a reputable dealer, checking that it is real gold that you are purchasing, instead of cheaper, lookalike materials. You should also make sure that the piece is well-made so that you can get a better price when you come to sell, and it is often better to buy more classic designs over more intricate options.
Real Estate
Both younger and older generations can benefit from investing in real estate, both for somewhere to live and to rent out. By investing in real estate, you will be able to put your money into an investment that you can use and get money from even while you are waiting for it to increase in value. For instance, you may be able to get monthly payments from tenants. You should look for a property in a good location, and you might even consider looking for a house or an apartment which you can add value to through renovations, or which you can buy to completely do up. This will then make your money go further and ensure that you get an even larger return on your investment. After this, you just need to wait for the right time to sell, when house prices are high and many people are looking to buy a new property.