Now, more than ever, is the time to get more creative and think outside of the standard stocks and bonds when it comes to investing.
One of the best ways to do that is by looking at what the 1% does to keep growing their wealth in both inflationary and stable environments. Here are five investing strategies the wealthy use that you should consider right now:
1. Drink Your Fine Wine And Invest In It Too
Looking to smooth out the boom and bust cycles of stocks and bonds, the wealthy look to the best-kept secret in investing as a source of diversification: Wine. Recession-resistant and offering steady returns, wine is a strong option, though traditionally you’ve had to be part of an exclusive club and have a great deal of knowledge to make it work.
Vinovest aims to change all that and make wine investing accessible to all types of investors. The Vinovest experts create globally diverse wine portfolios based on your investing preferences. You can step into the world of fine wine investing without the hassle of authenticating, storing or securing your wine.
And if you decide you’d rather enjoy your wine than hold on to it as an investment, they’ll ship it to you. Plans are available with minimum investments as low as $1,000.
2. Invest In Famous Art That Has Outperformed The S&P
Traditionally, it doesn’t get much more “1%” than investing in art. That’s partially because it’s long been one of the best ways to diversify a portfolio. With a 14.1% return, art handily outperformed the S&P from 1995 to 2021.
But with Masterworks, raking in potential big profits from investing in art isn’t just for the ultra-wealthy. Masterworks allows everyday investors to own shares of iconic works of art by the likes of Pablo Picasso, Banksy, Andy Warhol and more.
You can get paid when the painting sells or sell your shares on the secondary market, providing more liquidity than would typically be available when investing in art directly.
Sign up now to see what works of art are available to invest in, and start building your collection today.
3. Collect Rent without Being a Landlord
Real estate is popular among the ultra-wealthy as an additional, passive income for the long haul. Unlike investing in stocks, real estate is somewhat shielded from the constant ups and downs of the market and has offered a return of up to 6% over time, which makes it a smart way to diversify your portfolio.
Arrived is your gateway to the world of real estate investing that’s historically required lots of upfront capital. With a minimum investment of just $100, Arrived makes real estate investing truly accessible to everyone.
It’s simple to get started: Create an account, decide how much you want to invest and watch for property appreciation and quarterly rental income payments.
Investing in real estate is a great option for anyone looking to build long-term wealth that can stand up to risk and market volatility.
4. Get into the Future of Money For Only $5
Diversifying across multiple asset classes is par for the course for the wealthy. While cryptocurrency is no longer a novelty, it is a new asset class for most.
If you’re looking to dip your toe into the world of cryptocurrency, take a look at Gemini. It has been voted the #1 cryptocurrency exchange multiple times and has led the charge in security and compliance in the industry. It’s free to sign up and you can get started investing with as little as $5.
Gemini makes it simple to research the crypto market and buy, sell or trade over 45 cryptos including Bitcoin, Ethereum and Dogecoin. It even has its own currency, the Gemini dollar (GUSD), a 1:1 USD-backed stablecoin issued by Gemini where customers can redeem a GUSD for $1 anytime.
5. Find the Right Expert for Your Unique Situation
If the options above don’t appeal to you, the next best option will always be working with an experienced professional who can look at your finances and advise you on what to do. But who has time to sift through thousands of advisor profiles?
WiserAdvisor does all that work for you, matching you to the best financial advisor for your specific situation so you get an expert in the areas you need.
There’s no cost to you and no obligation to hire the advisor, so there’s not much to lose. Plus, WiserAdvisor screens advisors to make sure you’re only getting matched with the best experts.