7 Smart and Fun Investments to Make in Retirement
Thursday, June 18, 2015, 6:00 AM | Leave Comment
Most people do not equate investing with fun. It’s something that they do because they have to, especially if they want to be able to have a relatively comfortable life when they retire. But for many, investing for retirement seems more like a losing battle.
This has led many individuals, especially those who have built up a sizable nest egg, to look to alternative, fun forms of investing for their retirement.
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Fine Art
The Mei Moses Fine Art Index monitors the sale of fine art that is sold at auction houses. Interestingly, just a few years ago, this index outpaced the S&P 500 my almost 15 percent. In fact, over a ten-year period, between 1997 and 2007, the compound annual returns for the art index exceeded those of the benchmark stock index.
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Invest in Broadway Shows
Individuals who invested their money in plays like Wicked or Kinky Boots have seen phenomenal returns for years. Of course, there are many Broadway shows that fail, so there is some risk. Investing in larger Broadway shows will usually require a minimum investment of between $12,500 and $25,000.
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Hard Money Loans
Financing private mortgages can lead to amazing returns. These loans that are secured against assets allow people who have a mortgage to skip the bank entirely. Loans are usually for six months and provide a 10 percent to 12 percent return in interest every year.
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Beach Homes for Sale
There are many companies, such as Sunny Isles Beach Homes found at myfloridabesthomes.com offer investors the opportunity to purchase beach homes that they can rent out for a profit. One of the nice things about a beach home is that in addition to providing income, it provides a place for the retiree to go when they want to get away from it all.
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Become an Angel Investor
Micro investing has been the vehicle of choice for many retirees. There are companies that allow investment minimums of as little as $3,000, and so retired individuals can get an equity stake in a startup company. Many investors have seen returns that are as much is 10 times their original investment. However, seeing returns can take 5 to 7 years and an investor could easily lose all their money.
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Secondary Market Investing
When a person invests in secondary marketing, they are investing in private company exchanges that allow private individuals to buy shares before the business goes public. This is an investment vehicle that promises high returns, but also high risk.
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Comic Books
Parents who threw away their children’s first edition of the Superman comic book back in 1938 had no idea of the value that it would bring. In 1938, it cost at $.10. Recently, it sold on auction for $3.2 million. This has led many retirees to see comic books as a fun, yet lucrative investment vehicle.
When a person reaches retirement age, they have worked hard their entire life and they deserve to have a little bit of fun with their money. Fun investment ideas allow an individual to enjoy the money they have earned while at the same time making a profit.
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