The term “investment” frequently evokes images of stocks and bonds. Both financial experts and those well-versed in financial matters will often advocate for prudent and strategic investment of your resources. While it’s undoubtedly wise to make conventional financial investments, they aren’t the only types of investments to consider – you could, for instance, rollover your 401k into a gold IRA to better manage your funds with a dependable firm.
There are several non-financial investment paths in life that often remain overlooked. While some of these investments share similar risk levels with traditional financial investments, certain ones are almost always worthwhile.
Diversification is often lauded as the essence of smart investing. Bearing this in mind, these five investment possibilities should never be discarded lightly.
1. INVESTING WITH A 401(K) MATCH
As is the case for many people, retirement is likely a dream of yours. To realize this dream, it’s crucial to contribute to a retirement fund as early as possible.
While Roth and 401(k) accounts are both viable options, should a matched 401(k) by your employer be offered to you, seize the opportunity. A variety of companies match their employees’ 401(k) contributions up to a certain amount. This could be a dollar-for-dollar match or a percentage depending on an employee’s tenure.
Whichever approach your employer adopts, embracing it would be financially sound. If you aspire to retire at a reasonable age, a 401(k) match is one investment opportunity that can’t be overlooked.
2. INVESTING IN YOURSELF
Often overlooked amongst various investment options is investing in yourself. This doesn’t imply splurging on material possessions for immediate gratification, but rather focusing on personal growth and enrichment.
Consider ways to enhance your competencies or expand your knowledge horizon. Whether this involves acquiring a new skill, pursuing health improvements through a gym membership, buying books to stimulate your mind, or setting financial objectives to kick-start your savings journey, self-investment is invaluable.
Such investments may lead to career advancements, discovering unknown passions, or motivating you across all aspects of life. Boosting your personal capital through self-investment can yield not just financial gain, but also enrich your life experience overall.
3. INVESTING IN EDUCATION
Parallel to investing in yourself is the opportunity to enhance your education.
Pursuing a new degree or certification often offers a worthwhile return on investment through career advancement, promotions, or the gratification of embracing a new role. Decision making should be thoughtful when venturing into higher education – sudden fascination should not be the sole reason for a change in direction.
4. INVESTING IN REAL ESTATE
When discussing unconventional investment options, real estate is frequently on the list.
From buying and enhancing your property, to renting or flipping properties, real estate provides diverse investment pathways. Despite real estate being prone to economic fluctuations, history shows its propensity to rebound, often providing significant returns on investments.
An emerging trend in real estate investment is through crowdfunding, a method that requires less upfront capital. Realtyshares is a leading name in crowdfunded real estate investments.
5. INVESTING IN COMMODITIES & LAND
Long-established commodities like oil, land, livestock, and precious metals can yield substantial returns when market conditions are favorable.
Despite the inevitable fluctuations in the commodities market, these non-traditional, long-term investments are most often worth considering. To mitigate the inherent risk, consider investing in Exchange Traded Funds (ETFs), which allow diversification across several commodities.
Investing transcends conventional financial allocations. Alternative investments can deliver great financial rewards and significantly enhance your overall life quality. When you encounter these investment opportunities, be ready to seize them.
Have you explored these investment avenues? Can you suggest other investment opportunities that are unmissable?
