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An alternative investment is a financial asset that does not fall into one of the conventional investment categories like stocks, bonds, or cash. These investments include an array of asset classes like private equity, venture capital, hedge funds, art, antiques, commodities, and derivatives contracts. Some unique methods of real estate investing are also often classified as alternative investments.
If you live in a crowded city with loads of traffic, you’ll get this—parking spots can actually be a goldmine investment. These spots can often be purchased for much less than a residential property and rented out for hundreds of dollars monthly. This can be a less labor-intensive investment compared to being a landlord. The potential for high returns is evident in the revenue generated by the parking industry.
Alternative investments can be an exciting and profitable addition to your portfolio, offering unique opportunities for diversification and higher returns. Whether you’re investing in fractional real estate through Stake, purchasing rare coins, or exploring the world of comic books and parking spots, these alternative investments can provide exciting opportunities to enhance your financial future. If you’re curious about these investment opportunities, it’s worth doing your homework to see how they might complement your existing portfolio and retirement plans.