Alternative Investments to Grow Your Money

An investment is anything purchased in the hope of it growing in value over time. While we are all familiar with personal investment in bonds and houses, pouring over spreadsheets and property price predictions is by no means the extent of methods available to the savvy investor.

There’s a whole world of alternative investment options out there. Here are some of the more exciting things you can invest in.

Classic cars

Modern cars are well known for depreciating at an alarming rate. But vintage models of famous cars have seen a big rise in value of late. Their irreplaceable nature makes their value a fixed entity; similarly their ability to give owners a thrilling Sunday afternoon makes them inherently valuable.

Although they can often require expensive maintenance, the returns can be huge. Private bank Coutts reported the value of some classic cars rose by a staggering 257% between 2005 and 2013, and prices continue to boom.

Art

Everyone knows that a piece of art is irreplaceable and it is this fact that makes it such a highly sought asset. It is an exciting time to buy art. Art confers prestige on the owner, and high demand from Asia’s rapidly expanding middle classes is thought to have driven a boom in the global art market.

Art is a notoriously hard market to navigate however, with a good knowledge of both art and the market key to success. Art assets aren’t liquid all the time, either, meaning you might need to factor in a longer timescale before someone is willing to pay a good price for your investment. Difficulties establishing provenance and authenticity only add to the murky waters.

Wine

Fine wine vintages can never be reproduced – there are just too many factors to replicate, from rainfall and temperature to soil acidity. This makes wine an interesting investment for those who know a thing or two about wine.

Investing in wine isn’t all about scouring the markets for ancient big-name Bordeaux. Buying up good, recently-produced wines and waiting for them to appreciate can be a low-risk way to invest your money. And if it doesn’t look like you bet right, at least you will have a few cases of great wine to consolidate your losses!

Whatever your personal investment goals, gpfm’s Hertfordshire financial advisers are able to manage your investments, handling risk and taxation to deliver the best results. To talk to us about how our wealth management services can help you prosper, call 01992 500261 or email enquiries@gpfm.co.uk.

Disclaimer: gpfm are not promoting the use of alternative investments and cannot advise on their suitability.

This article is for information only and must not be considered as financial advice. We always recommend that you seek independent financial advice before making any financial decisions.