According to Wikipedia ‘To invest is to allocate money with the expectation of a positive benefit/return in the future. In other words, to invest means spending money to own an asset or an item with the goal of generating income from the investment or the appreciation of your investment which is an increase in the value of the asset over a period of time.’
Many of us invest in real estate, stocks and bonds, and precious metals. Those are the traditional investments, which we have been taught, and which we have come to know. However, investment as an idea is not limited to those listed above; anything that can appreciate in value over time, and that can generate income is technically an investment.
Therefore, if a person decides to buy and hold a bucket of sand, and indeed sells that same commodity for a higher price after a period of time, he has made a profitable investment. But we do not advocate buying sand; this post highlights some unconventional investment opportunities that people choose.
Five Odd Ways People Invest Money
A baseball card is a type of trading card on which pictures of famous baseball players are printed. Of course there are so many different types of trading cards, but baseball trading cards are the oldest, and the most popular kind of trading cards. Other kinds of trading cards include: Association football
Australian rules football, Basketball, Boxing, Cricket, Cycling, Horse racing, Ice hockey, Lacrosse, Netball, Racing, Rugby, Surfing, Sumo, Tennis, Golf, and Wrestling. Can you believe that?! People actually pay money for trading cards on Golf and Sumo!!
Anyway, most baseball cards are made of cardboard, silk, or plastic, so you want to keep them very well. The most valuable trading cards are worth a lot of money: One T206 Honus Wagner card was sold at auction for $3,750,000 as recently as May 2021. A good place to market your card would be ebay, or any other internet marketplace.
Artwork is another well known avenue through which money is stored. You see this in so many James Bond movies, the guy who wants to keep his money away from the banking system always buys expensive artwork.
However, this may be a tricky way to invest, especially as you need to have some training in this field, and art can be ridiculously expensive. One wrong move could wipe a guy out completely. The highest known price paid for an artwork by a living artist was recorded in 2010. It was for Jasper Johns’s 1958 painting Flag. The private sale raked in about US$110 million.
The highest price ever paid for a painting was for Salvator Mundi by Leonardo da Vinci. That painting raked in US$450.3 million in 2017.
However, one does not have to go to such lengths there are contemporary artists right now whose paintings will be worth some money in the near future. You just have to make some research. The next unconventional investment opportunity is a lot easier.
Football Jerseys in the context of this article means the shirts worn by football players (what Americans call Soccer). We of course realize that American Football (NFL) shirts can also be collector’s items, and so may be worthy investments.
The most expensive foot ball Jersey ever sold is the No. 10 shirt worn by Brazil legend Pele during the 1970 World Cup final, which was bought at Christie’s, London on March 27, 2002 for £157,750 ($225,109).
There are many potential legends on the club and national levels today as well; authentic shirts won by Lionel Messi, Christiano Ronaldo, Kaka, Zinadine Zidane, Mbappe, and Carlos Puyol could fetch hefty sums of money sometime in the future. You could get some of those shirts for bargain prices today.
Value cars usually rare automobiles. They are usually rare because there were few of them ever made, and also because they were built several years ago. To be clear, a Toyota Camry or a Ford Escape will probably never be a value car, but one can say with some conviction that a Mercedes Benz 200 could become quite valuable in maybe 20 years time.
Perhaps not as valuable as the 1962 Ferrari 250 GTO, serial number 3413GT, which was sold for US$48,405,000 at RM Sotheby’s Auction on August 25, 2018. That car holds the record for the most expensive car ever bought at a public auction. Collectible cars have been sold privately for more money than that.
Auto mechanics, and people with a good knowledge of cars have the greater chance of getting rich via this means.
A true antique (Latin: antiquus; ‘old’, ‘ancient’) is an old item that has value because of its aesthetic or historical significance. A true antique is expected to be at least 100 years old, although that is not always the case.
Antiquing is the act of shopping, identifying, pricing, negotiating, or bargaining for antiques. People buy antiques for personal use, gifts, or for profit. Antiquing is an unconventional way of investing because one could buy significant pieces for dimes, and sell them almost immediately for millions. Sources where one could find antiques include garage sales and yard sales, estate sales, resort towns, antique districts, and collectives. When a high profile piece is discovered it usually ends up at an international auction house.
Remember; a good antique should have a story behind it to give it value. As always it is a good idea to know what one is doing; there are so many antique dealers who would sell fake items at inflated prices.
These are just five odd ways that people invest money, and there are plenty more. However, as with all things investment and finance, one needs to know what he is doing so as to avoid throwing away his money.
For example; if a person spends a huge amount of money for a useless piece of junk, it doesn’t change the fact that the said item is junk. He may hold on to that piece of junk, and even get a false sense of security from it, thinking that he has something to fall back on, but in the end it is the demand of the general market that gives value to any item.