Investing is something that's been hanging over our minds lately, my husband and I. And we're still in the process of finalizing exactly what is best for us but in the meantime, I thought I'd share some ideas with you guys!
We are rapidly hurtling towards the final quarter of the year, and with that our thoughts turn to next year and how we are going to better ourselves, in terms of our health, lifestyle, and financial situation.
tan·gi·ble
a thing that is perceptible by touch.
"these are the only tangibles upon which an assessment can be made"
It has been a tough couple of years with the COVID pandemic and the economic instability that followed, and it proved one thing: you can’t always rely on your job. You may become ill and unable to work, redundancies and business foreclosures happen, or long-term furlough and closures. When this happens, having a backup form of income is always handy, and that is where investments come into use.
Here, we are looking at tangible assets that we think you should be exploring in 2022 and beyond.
Land and property
Real estate has long been considered to be one of the most popular and rewarding physical investments available. Land and property are used to generate income all around the world, with people purchasing land and selling it on to developers for a profit, renting out land and property, and investing in real estate management companies among the most common methods.
They can also be a great asset to have if you are thinking about your retirement plans or the financial future of your children and grandchildren. You can typically find a suitable market to invest your money in no matter where you are, especially if you are willing to seek outside of your country. Just make sure you don’t skip out on hiring a home inspector, as this could have dire consequences.
Precious metals
Again, due to their intrinsic worth, these have been used as investments for many years and will continue to be so. Gold, silver, and platinum are among the precious metals. It is really quite interesting to find out where gold comes from.
Considering how volatile the platinum market may be, most people prefer to invest their money in gold or silver, either in bullion form, measured in weight, or in fine jewelry, rather than platinum. Coins, on the other hand, retain their worth and might be considered a collectible asset. Even in times of economic instability, gold tends to hold its value, and it can be converted into cash in a short amount of time if cash is required.
Collectibles
Among the most common collections that are utilized for financial purposes are art, stamps, and rare coins, to name a few examples. However, there are numerous others. We do recommend that you conduct a lot of study before you start collecting to ensure that your collection will bring in money for you.
Toy collections can be beneficial if you choose them correctly, but they can also be dangerous if you do not do your research. It also helps if you are enthusiastic about the items you are collecting, but not so enthusiastic that you are unable to let them go when the time comes.
Oil
Oil is one of the most highly sought-after commodities in the world, and many industries and countries would come to a grinding halt if they did not have access to it, which is why it is sometimes referred to as "black gold." One of the more risky investments, and the ethical challenges that come with investing in oil can be off-putting for some, but there is no denying that there is the potential for a significant profit margin.
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