Best Alternative Investments to Make in 2022
Investments such as stocks and bonds are proven ways to grow your money, but have you ever wondered what other ways there are to increase your wealth? Here are 3 great alternative investments to make in 2022.
Real Estate
It takes a lot of money to actually own a property, but there are other ways to invest into real estate. REITs, or Real Estate Investment Trusts, are companies that own and operate real estate. They can own many types of real estate, such as office buildings, apartment buildings, hospitals, and much more. Investing in these REITs gives you a diverse fractional ownership of real estate without needing to operate anything. Websites such as Yieldstreet also offer diverse real estate investments that are on par with or even outperform the S&P 500.
Crypto Staking
Crypto Staking works by letting you stake your cryptocurrency, which makes the blockchain of that particular asset more secure. In return, you are awarded money for validating a block, while you can be penalized for approving a false transaction. Doing this can be extremely profitable, earning you more than 20% a year. Here is a great video from Graham Stephan talking about staking as well as some other ways to profit from crypto.
Lending Money
Lending money with an interest rate is an easy way to make some cash, but Peer-to-Peer lending websites can have high lending minimums. Instead, lending money to people you know in real like will be much more accessible. This way, there is no set parameter for how much has to be borrowed. As long as you can guarantee the borrower can return the money, lending money is an occasional opportunity that will grant you easy returns.
If you ever find yourself with a bit of extra money, these are all great alternative investments to build wealth.