Whether retirement feels right around the corner or miles away, it’s never too late to start investing for the future. If you’re looking for a few unique ways to begin investing for your golden years, here are five ways to get started.
If you have even a smidgen of adventure stirring in your soul, nourish it by purchasing a turn-key vacation property now for retirement later. Build memories before you move in by vacationing at your property. When you’re not there, rent it out and let it pay for itself. You can check out available properties for sale in your area or desired area at sites like Realtor.com.
Known as “the poor man’s gold,” silver is a sound investment that you can start making now with small amounts. Silver is usually bought as an inflation hedge or for survivalist reasons; if the economy goes down the toilet, silver can be used for money. But what makes silver really attractive is its price. Gold is about 60 percent more expensive than silver, meaning you can buy a lot more silver than you can gold. Learn more about investing here.
As food sources become monopolized and people grow tired of GMOs and factory farms, investing in the future of agriculture is one way to fund your retirement. You could actually buy a farm in Belize, for example, and grow soybeans for animal feed. If owning a farm isn’t in your retirement plan, talk to your financial adviser about adding these types of investments to your portfolio. After all, food is a commodity that is not going anywhere.
Do you love art? Do you have a nose for finding antiques? Is there a hobby that you can turn into a profit down the road, like building model cars and selling them on Amazon? Because there is no guarantee on your return, the first thing to think about when investing in collectibles is to buy an item because you truly love it. When the time comes to sell, see what people are willing to pay. If there is a financial gain, sell immediately. If not, hang on to the collectible until if fetches what you want for it.
This investment isn’t for everyone. In order to make a financial gain with this commodity, you need to really know wine. If you do, it can pay off big time since this is one of the few commodities whose value increases with age.
Retirement can be fun if you invest in unique ways. Try a few of these ideas, and start saving for your future.
Advertising Disclaimer: Simple. Thrifty. Living. does receive compensation for some of the services that we recommend, although we only recommend services that we truly believe are the best.