When you consider the best way to make your nest egg work for you, it can be hard to think of anything other than a savings account, maybe a flutter on the stock market or a foray into the world of bricks and mortar. However, these more mundane ways of investing your money are not necessarily the most lucrative.
If you can afford to, it might pay to look at the quirkier sorts of investments. Read on to find out how you can have a tad more fun when trying to figure out an aggressive yet manageable investment strategy.
3 Of The Most Interesting Investment Ideas For 2018
Wine
Investing in fine alcoholic beverages doesn’t mean popping down to your local drinking establishment on a regular basis and sampling their latest draughts. Instead, consider investing in a case of good vintage wine. Reds from France are doing particularly well.
Like stocks and shares, the value of wine can fluctuate, and it’s not the route to go down if you want to make a quick buck. However, choose wisely, and you could see a handsome return on that 1982 Merlot after a decade or so.
Classic Cars
If you are a bit of a motor head and enjoy the thrill of driving, experiencing untold power on the roads and managing the handling of a sporty little number, you may want to consider purchasing a classic of the future. While it was once 1960s MGs and any Lamborghini ever made that increased rather than depreciated in value, the new kids on the block include the retro mini and the 1980s Volkswagen Golf.
Both of these cars ooze retro style and can be picked up for a four-figure sum. Unlike the vintage classics, these vehicles have the necessary safety features that will make the need to source an injury lawyer after any potential collision a lot less likely.
If you can get your hands on an exceptional example, take good care of it and ensure it remains rust free, you could have a future classic on your hands. As the model you select becomes rarer and demand becomes greater, your investment will inevitably increase in value.
Cryptocurrency
Although it sounds like something out of Star Trek, the new cryptocurrency phenomenon is finally finding its feet. Although there is no physical money as such, currency is exchanged and traded online. The market is largely unregulated and ridiculously volatile.
However, with a little bit of luck and a lot of courage you could make a lucrative and fast return on your investment in Ethereum, Neo and Ripple. While Bitcoin was once the cryptocurrency of choice, its lesser-known rivals are making a play to be the market leader.
Investments don’t have to be boring. They can be hugely lucrative, a lot of fun and well worth the effort of researching. If you’re tired of seeing your nest egg wallow in a savings account accruing the tiniest amount of interest, experiment with a few of the more quirky investment options and watch your pot of money grow.