Building wealth requires diversification. Check out these six alternative ways to boost your portfolio, beyond the stock market.
While the stock market offers a great path for long-term wealth, its ups and downs can be intimidating. Yet, it's important to remember that it's not the only option.
Diversifying is key to building wealth. Relying solely on a single source and adopting a set-it-and-forget-it approach isn't the best money strategy.
Using the stock market wisely is a good move, but don't forget about other opportunities. Here are some ways to diversify and enhance your portfolio.
1. Invest in Gold and Receive $10,000 Worth of Free Silver
Investing in precious metals is gaining popularity, and there's good reason behind it. Beyond their attractive appearance, gold and silver play crucial roles in modern electronics manufacturing. Joining wealthy investors, you too can venture into precious metals with Goldco's assistance, offering up to $10,000 in free silver for eligible accounts, along with complimentary shipping.
Imagine kickstarting your wealth-building journey with thousands in free silver upfront – an enticing prospect! It's no surprise that Goldco, endorsed by Fox News personality Sean Hannity, stands out as the recommended precious metals company.
Gold has served as a value benchmark for millennia, and its enduring appeal continues today. Whether you're considering it as part of your investment portfolio or contemplating its role in retirement planning, Goldco can guide you in setting up a gold IRA or other tax-advantaged retirement accounts, strictly adhering to IRS guidelines.
Should your circumstances change and you decide to liquidate some precious metals, Goldco ensures the highest buy-back prices through its program. This commitment to customer satisfaction has earned Goldco 5-star ratings on Trustpilot, Trustlink, Google Reviews, and ConsumerAffairs.com, as well as an A+ rating with the Better Business Bureau and a AAA rating from the Business Consumers Alliance.
2. Boost Your Retirement Savings by $1.7 Million
A Vanguard study revealed that, on average, a hypothetical $500,000 self-managed investment could grow to $1.7 million over 25 years. However, working with a professional could potentially yield over $3.4 million.
While there are no guarantees that a professional will outperform self-management, considering the substantial difference, it's worth exploring. Professionals can assist in creating a plan, optimizing Social Security benefits, safeguarding assets, and providing peace of mind by ensuring you're on the right financial path.
Today, user-friendly online services facilitate the search for vetted financial advisers. By completing a brief questionnaire, you can be instantly matched with up to three local fiduciary financial advisers, committed to working in your best interests.
This quick process often connects you with an expert for a free retirement consultation, making it easier than ever to explore your financial options.
3. Save $700 Annually on Your Car Insurance Bill
Having auto insurance is essential, but overspending on coverage isn't. Switching to Progressive can lead to annual savings of up to $700, providing ongoing financial benefits. Just think about the possibilities – whether it's building an emergency fund, making an extra mortgage payment, or enhancing your retirement plan. These are dollars that now work for you, not someone else.
And don't worry, a more affordable premium with Progressive doesn't mean compromising on protection. Progressive is renowned for its robust coverage. Take the first step by requesting your free quote today and discover how much you can save not just this year, but every year.
4. Fine Art Investments Outperforming the S&P 500
Absolutely. Masterworks, an art investment platform, opens the door for investors like us to tap into the flourishing art market.
The appreciation rate of fine art is genuinely remarkable. Consider a painting by neo-Expressionist artist Jean-Michel Basquiat, bought for $20,900 in the 1980s and sold for a staggering $110,487,500 in 2017. As an asset class, contemporary art prices have outpaced the S&P 500 by 131% over the last 26 years.
With Masterworks, you're not just buying shares; you're investing in multi-million dollar paintings. This isn't your ordinary digital art – they stand as one of the largest buyers of contemporary art in the market.
As financial experts anticipate stock market volatility, institutional investors are redirecting capital to alternative assets like art. Contemporary art, in particular, is soaring in popularity, with Deloitte projecting a 58% global value increase in art by 2026.
Consider integrating fine art into your investment portfolio. Skip the waitlist and get started now by clicking here.
5. Create Long-Term Wealth through Real Estate
The real estate market has been quite active in recent years, and while the question of whether it's a bubble remains uncertain, two things are clear:
People will always need a place to live or conduct business.
They're not making more land.
This is the key reason why real estate investors often see substantial returns. If the practical aspects of being a landlord have held you back from this potentially lucrative investment, here's a solution: Fundrise can handle the nitty-gritty for you.
Investing in real estate becomes hassle-free with Fundrise. They acquire properties, and investors can purchase shares in those investments. The returns are quite impressive – the average Fundrise member earned 22.99% in 2021 (though past returns don't guarantee future results).
No concerns about vacancies, tenant screening, or property maintenance. Fundrise handles it all. Starting takes just a few minutes, and you can begin with as little as $10.
