Posted on: 27 August 2015
Sure, you could invest in stocks and bonds and find that you may make some money as they increase in price, but nothing is a sure thing. For those who don't like to follow the crowd and want to do something a little different, there are other investment strategies that can help you make money. From fine wines to oil and gas preserves, you can make money if you do your research. Here are a few ways to get started with some unusual investment strategies.
As of 2012, gas prices seem to be hitting a 10 year low which make them a great commodity to buy through ETFs or exchange-traded funds. This means, you have two ways to make money on it. Should the demand increase or the supply fall, you will be able to sell your oil investments and make money. You could also purchase or rent oil reserves if you have the funds. As the oil extraction process gets underway, you will bring in a passive stream of income from it. Should you decide to buy into a partnership with an oil company, not only are you privy to their profits, but you could take advantage of the tax benefits. The IRS does allow for tax deductions on depletion meaning this benefit could be shared with you. Most oil reserves are purchased through a landman. You will want to talk to a landman to learn more about purchasing into a an oil reserve.
When you think of wine, you most often think of consuming it, not storing it as an investment. Wine has proven to be a great investment for many people as long as you know what to look for. If the idea of investing in wine is something you may be interested in, there are some things you need to know. For one, you have to keep it stored properly. Wine needs to be in temperature controlled facility in order to preserve it. This can run you around $18 for a locker. You have to weigh the costs you would accrue when investing in wine to see if this is the right investment for you.
If you think money is a great investment, you will like the idea of investing in rare coins. The key to making money off money is having a good eye for it and holding it until it is worth more. Rare coins often require more time to become lucrative. If you inherit some old coins, then you are ahead of the game. The best way to spot a good deal is to check out estate sales and storage unit auctions.
Contact a local firm, such as Fusion Resources LLC, to find out more.Share