As a person who feels like I have a strong hold on my personal finances, I am wondering where to go after stocks? I don't have as large a portfolio as most people but I am looking to expand my investments into other areas. My retirement accounts get maxed every year, and I have plenty of "emergency" and savings. In addition to those I add money to an after tax brokerage.
Real estate seems to be the most obvious choice, but what other alternative investments are the smart next choice? A few things I found as alternative investments are below
- Real Estate (Buy & Rent, Speculative Land, Flipping Houses [Labor Intensive])
- Precious Metals (Physically buying Gold/Platinum/Palladium)
- Buying Various Currencies
- Investing in small businesses (Not sure how to find them)
- Starting a side business (But what kind?)
- P2P Lending (Very High risk)
- Crypto (Not my cup of tea)
- Rarities & Antiquities & Collectables
What do you guys generally do? I am thinking getting into buy & rent real estate is the smartest next move. Get a handful of properties under my belt. I could have 3/5 properties in the next 18-24 months. But where would I go from there?
My income is decent but it's not one of those ridiculous tech salaries, and I really am looking to make some real side money (eventually to equal my income would be good)
Thoughts or comments?
Submitted June 25, 2019 at 09:24PM by Praesto3 https://ift.tt/2LjE95N
