It is simple and common to open a brokerage account to buy a mutual fund or stock. But there is a universe of alternative investments categories that most people ignore because they do not know how to find them. I have owned a small part of a race horse, some cattle in Nebraska, a silver certificate held in Austria, and am looking for a producing oil well. You do not come across these easily or by accident, nor should you consider buying any of them without doing a lot of self-education.
This week, I came across a webpage with a large number of investing platforms for investments in: real estate, loans, startup businesses, profitable online businesses, private equity and hedge funds, along with robo-stock trading; http://www.sidehustlenation.com/alternative-investment-platforms
There are many ways to actively invest, here are a few examples:
- Buy an apartment solely for the purpose of renting it on AirBnB.com.
- Buy a car solely for the purpose of renting it out on Turo.com.
- Buy a tool, like a chainsaw, solely to rent it out on the many rental websites; such as loanables.com, anyhire.com, or toolzdo.com.
- Buy a boat solely to rent on Boatbound.com.
- Want to start tiny? Rent out a textbook on CampusBookRentals.com.
Plus, there are books and videos on how to make a living or profitable side business from renting items out as well. The more popular the platform, the more information there is about how to best make money from it.
The less you know about any investment, the greater the certainty that you’ll lose money. So spend plenty of time, effort, and some education expense to understand the investments you’re attracted to before you put your hard-earned money at risk.