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5 Alternative Investments You Can Make in 2022

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There are plenty of smart investments you can make that will fatten your wallet for years to come. People in the United States recently saved at a roughly 8% rate, which is a stark drop from prior levels.

To secure your financial future, you must not only save but learn to invest wisely and consistently.

Maybe you’d like to catch the wave of the digital revolution, or perhaps you’re looking for a stock market alternative. Regardless, you’ll be glad to know that there are several options you can explore to test the waters.

Here are some alternative investments that you should consider when you’re trying to rake in some significant passive income.

1. Get Into Cryptocurrency and Blockchain

Blockchain is set to surpass $23 billion in the approaching years. Cryptocurrency is a huge reason for this, as it has become both a viable form of currency and an investment.

Bitcoin is the most popular form of crypto that is based on blockchain technology. You can also invest in Ethereum, Litecoin, Ripple, Dogecoin, and other forms of crypto.

The digital landscape is here to stay when you choose to embrace blockchain. You can check into the Gala price to understand where the market is headed.

2. Learn About Precious Metals

Learning more about gold and precious metals can help you beef up your portfolio.

It’s good to incorporate a mix of these precious metals into your portfolio so that you have a tangible asset that will keep appreciating in value. When you are leaning on precious metals instead of just cash-based assets, you’ll get a better return on investment (ROI) and won’t be as tied to the ebbs and flows of the economy.

3. Consider Different Rental Options

Real estate is a form of investment that can pay huge dividends for you.

Having a rental property is an excellent way to make money. You’ll have forms of passive income each month from tenants that pay you.

Consider purchasing a property with multiple units, such as a duplex or triplex. This lets you rent to more than one tenant so that you can increase the amount of revenue that you generate monthly.

4. Think About Peer-to-Peer Lending

Peer-to-peer (P2P) lending is a new and different opportunity that lets you help someone while also furthering your bottom line. These are private loans that let you provide capital to someone with interest rates that you set.

This is a way to bring in easy money because you won’t have to worry about a lot of the red tape that comes with traditional lending and borrowing options. Plenty of borrowers are attracted to these loans for that reason, which is why you’ll have plenty of takers.

5. Start Collecting Artwork

Finally, getting into artwork is an excellent way to grow your investments. Becoming an art enthusiast lets you find some excellent pieces that will adorn your home, while also watching it grow in value.

Check out some art shows and figure out which styles and pieces will be best for your collection.

Explore the Different Alternative Investments Available

Alternative investments are always a great idea when you’re looking to rake in some passive income. Consider these five points so that you can begin beefing up your portfolio in a way that is useful.

Check out our other tips related to investments that can pay huge dividends.

 

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