Ways to Invest and Diversify Using Your Retirement Money
Saving up your retirement fund has always been a priority in your life. Taking advantage of your company’s 401(k) matching as well as their IRAs has led to a point where you have a hefty sum of money growing in your fund. When it comes to retirement investing, there are good amounts of ways that you can diversify your portfolio. Here are some options that you can take a look at that might give you an idea or two.
Real Estate
A popular option is real estate investing. Taking extra funds and purchasing a second or even third house can mean extra income through rent. The downside to this is there is a steep learning curve and the inexperienced buyer could potentially lose the investment.
Aging Wine
A less common investment that has become more popular is wine. Researching the potential vintage that will create income through aging can be rewarding. Not all wines will make the same amount though, thorough research is recommended if you decide to pursue this investment. There are also facilities available that store your wine for you without you even having to touch it.
Buying Antiques
Buying antiquities such as vases, bracelets, and rings can bring in extra cash flow if they hold great value. Be on the lookout for hidden gems at garage or yard sales. Also, consult with an appraiser to help determine the value of your item. With luck and a good eye, you can end up with a solid profit.
Bio: Kuba Jewgieniew is the CEO of Realty ONE Group, a full-service real estate brokerage firm with nearly 6,000 associates, headquartered in Irvine, California.