I want to invest some money in something other then stocks and bonds. Any ideas what is good?
I already have an IRA, and some money in a CD. I was thinking about gold or silver; jewlery, or maybe coins. Something that could hold its value, maybe increase in value, and can be liquidated quickly if needed.
Public Comments
- You can buy bullion, but historically it is not a great investment - unless you happen to know the exact days to buy and sell. If you are looking for liquidity, a high interest saving account is safe (if FDIC insured) and will have some earning potential. I would advise against collecting anything for profit - only do it as an interest. That includes stamps, china, pictures, and fine wines.
- You could put a small percentage of your portfolio into a real estate investment trust (most trade like stocks and bonds so they are fairly liquid) or you could put a little in a precious metal mutual fund. These would diversify your portfolio and reduce over all risk providing you don't go overboard on the investments. I would stay away from collector coins unless you want to take the time to learn a little about the hobby first. Bullion coins might substitute for the precious metals mutual fund since they are mostly traded based on spot price anyway. Have fun.
- Go with blue chip stocks or an established mutual fund. Both offer the opportunity of a decent return, and are sufficiently liquid.
- I would suggest Real Estate or funds (REITs) Real Estate Investment Trusts - they are managed real estate holdings. read over the REIT's prospectus If you invest in Real Estate (residential, commercial multi-family) make sure you know the area and job markets that influence the consumers. (renters or buyers)
- Hai....Sharon stocks n bonds r easly liquidated .....other than tat its bit hard......u can invest ur money in some fixed assets if u having it for more than a year.....perb u can invest on land...bulidings... and illlegal if u want to a hiher return .....just jokin... u can invest on land yaar...tey giv a heffty return ....
- Have you considered REITs? Real Estate Investment Trusts are a little different from common stocks. Right now, they are going down in price, which makes them cheaper and easier to purchase. Download a free book at http://www.invest-for-retirement.com and go straight to chapter 18 to read a small blurb about REITs.
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