All information contained within this post is merely for educational purposes. Always do your own research before investing in anything. Any investing is always at your own risk.
Stocks are the typical go to investment for most people. Like you, I am also looking to invest in something other than stocks. It’s always nice to diversify your money.
In this article we will check out a few places for you to put your money other than on Wall Street.
Websites Or Apps
You can buy an already created website or app and collect royalties. Websites like Flippa offer the option to buy and sell websites, domains and apps.
There are other ways to collect royalties besides websites and apps. Did you know you can invest in intellectual property, music, movies, and energy? RoyaltyExchange allows you to do this. To signup however, you must be an accredited investor.
Not just gold either! Silver, copper, and other precious metals have highly volatile prices. You can earn tons of money doing this. As of writing this, the value of gold nearly tripled in the last 10 years!
It has actually taken a bit of a dive in the more recent years, but a few years ago it was worth nearly 5 times as much as it was 10 years ago.
Some companies allow you to invest directly in them for a return of their profits. The website CircleUp helps you find some companies like this. Like Royalty Exchange, you need to be an accredited investor.
Peer 2 Peer Lending
You can be the bank for a change! Earn interest when you loan people money. Two websites that allow you to do this are Lending Club and Prosper. Be aware however, that everywhere isn’t eligible. It’s only open to certain states in the US.
If you have the cash, why not buy a property and rent it out. If you’re not ready to deal with the upkeep required you can even just buy a foreclosure or similar property and flip it!
This may sound a bit odd, but collectible antiques and coins can be worth loads more than what you pay for them now. Television programs like The Antiques Road Show have proved this time and time again.