Should You Consider Alternative Investments?

Most people are familiar with the standard investment options, including stocks, bonds, and cash. Some people might even have advanced strategies for their investments in those vehicles, but there are alternative investments that might be worth looking into.

Alternative investments include real estate, hedge funds, venture capital, and collectible assets (including art, wine, or rare coins).

Not all of these investment vehicles are open to all investors (some are limited to institutional or accredited investors), however some of them are. And if you’d like to diversify your investments further, it’s worth exploring these alternative options.

Diversification and New Opportunities

Since some of these investments are not correlated with stocks, it’s possible that some will rise during a recession, or possibly not drop as much. It simply allows you to put your eggs in different baskets so that your risk is not that concentrated.

In addition, since alternative investments are considered inherently more risky, that risk can oftentimes comes with more volatile returns. This could mean that the risk is worth it because you can be rewarded with higher returns.

Physical Assets

One of the more interesting alternative assets are tangible assets such as artwork, fine wine, precious metals, or collectibles.

Of these assets, fine art tends to be the most highly valued. While most people don’t have the money or expertise to buy an expensive piece of art, Masterworks allows investors to invest in a painting instead of buying the whole thing and having to deal with all that entails.

In some ways, it’s similar to buying stocks in that you own a small portion of the company (or in this way, a piece of art) and then you enjoy the increase in value when you sell.

3 Myths About Saving for Retirement

Unfortunately, there’s a lot of confusion surrounding the topic of saving for retirement. You’d think it’d be something we learn about in school, but most of us just gather bits and pieces of knowledge from parents, coworkers, relatives, or friends. Although almost everyone knows that saving for retirement is important, many people don’t have their facts straight.

Today, I want to break down three of the most common myths about saving for retirement. As a society, we need to do better about educating young people (and old people) about the value of saving early and saving correctly.

Myth #1: It’s Not Worth Saving If You Make Less Than $20/Hour

I can’t count the number of people who’ve told me that they aren’t going to save money for retirement until they’re making at least $20 an hour at a full-time job. So many people graduate from college and start a part-time gig that doesn’t pay well, and as a result, they assume that they’re not ready to save for retirement.

That’s simply not true. The earlier you start saving for retirement, the better, no matter how much money you make. Think about it this way. If you saved just $1,000 a year for retirement (about $83 a month) for three years after college, that money could be worth over $70 grand by the time you retire!

Every little contribution counts, so start now regardless of how high or low your salary is. Don’t wait until it’s comfortable to start saving. Trust me, the sacrifice will be worth it in the years to come.

Myth #2: You Can Only Save If Your Job Offers a 401K

Many people don’t even contemplate the idea of saving for retirement until they see a 401K listed in one of their job benefits. In truth, you can start saving for retirement much sooner, with or without a full-time job.

Even if you don’t have access to an employer provided 401K, you can open an IRA with a bank and begin socking away money for the future. You won’t get a company match, but you’ll get the same tax benefits and compound interest. You are never too young to start saving; I’d even recommend beginning your contributions at age 18. It’s not difficult to open an account, and you can easily learn to invest with something like the Couch Potato Method.

Myth #3: I Need a Million Dollars to Retire

Oh boy, don’t we wish this one was true. Reaching a million dollars in your 401K or IRA isn’t the end-all-be-all of retirement saving. At one point in time, a million could take you a long way after you quit working. Now, that isn’t necessarily true. People are living longer and inflation is changing the value of our dollar.

Experts estimate that depending on when you retire, you likely need 10 to 12 times the amount of your current income. That means that if you and your partner are used to living on $150K a year, you’ll likely want to have $1.5 million or more in the bank before you retire.

If you’re worried that you’re not aiming to save enough, reach out to a financial expert for advice. Don’t just assume that achieving the “millionaire” status will mean you can lead a cushy life once you stop working full-time.

In Conclusion

Don’t believe everything other people tell you about saving for retirement (including me!). Do your own research. Make your own calculations. Whatever you do, don’t leave the task until your 30s or 40s. The earlier you can start, the less you’ll have to worry when you’re old and gray.

4 Warehouse storage solution you need to know about

If you are a business owner, you must have come across the term ‘storage solutions’. Professionally done storage can undoubtedly increase your business profits and help you cut down on any costs. There is a lot of advancement in the business storage front and in this article you can find out about 4 different types of storage which you can incorporate according to your preference.

  1. Push back pallet racking

For having greater business storage density and managing stock keeping units, you can make use of push back pallet racking. It provides maximum flexibility and you can reach to your products easily

  • Pallet racking solutions

The best thing about pallet racking is that you can modify them according to what you want. The type of solutions you choose depend on your business volume and flow of your products. For local areas, you can get in touch with experts at the local storage providers. Many business owners in England or Scotland maximize their current storage by finding the right storage company. This applies for areas like, Wolverhampton, Leeds, Liverpool etc. So if you are hunting for a reliable storage company and searching for a pallet racking provider in places like Wolverhampton then get from WSSL here

  • Double deep racking

This is recommended when you need more pallets for each of your stock keeping unit. This also provides more storage density and helps you regulate your supply network.

  • Pallet Live Storage

You can opt for this method of storage when you are dealing with perishable goods. You can speed up the storage process and meet your customer demands. It makes stock rotation incredibly quick.

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