Multiple income streams are a life hack that will keep your life intact. With so many online opportunities, anyone can achieve at least one more earning opportunity. However, the best sources of income are the passive ones you do not have to monitor all the time to make money.
Besides the popular affiliate programs that give you passive income, you can also invest in alternative financial assets like antiques, art, hedge funds, and private equity.
Below are some of the best alternative assets you can invest in to make money today.
1. Crypto Assets and NFTs
Crypto assets and NFTs are cryptographic assets based on blockchain technology. The difference between crypto assets and traditional ones like stocks, real estate, and bank accounts is that they are trustless. Plus, with the right alternative asset management, you can grow your portfolio and make money without any involvement in the management.
Crypto assets cannot be determined by third parties like traditional ones. Even though crypto assets seem different to people, investing in them works just the same as traditional ones. They also use encrypted technology for transactions.
If you want to diversify your portfolio with assets that could give you high returns, try NFTs and other crypto assets.
Historical works of art are valuable and sell fast to art enthusiasts. People who understand and value antiques and historic art will pay top dollar for such pieces of work. You can invest in art and antiques through hedge funds or other asset management accounts and make money when such assets sell.
A good asset manager will know the best pieces of art to invest in based on value and other relevant factors. Instead of investing in traditional assets in your entire portfolio, you can broaden your horizon by trying high-value art investment assets.
3. Real Estate
The real estate industry is growing at a very fast rate. Everyone wants a piece of cake. The industry will be among the biggest in the economy in years to come. You can invest in real estate as a developer or through real estate investment trusts.
Using asset managers for real estate management allows you to go about your life without worrying about the running and development of the real estate. Despite not participating in running your jointly owned real estate properties, you still get the returns from the investment.
Startups are a good place to invest your money, especially if the startups have great potential to grow into million-dollar companies. However, identifying the right startups to invest in is the problem. You can get help by working with knowledgeable, professional investors who can identify the best startups for your investment portfolio.
5. Music Royalties
With new music being produced every other minute worldwide, music royalties would be a good asset to add to your portfolio. Such investments are priced based on their performance in the previous 12 months.
One way to invest in music royalties is to buy equity in a music label. You can also make your investment in the funds that buy music royalties. Buying shares of royalty catalogs would also be an option when investing in music royalties.
The best thing about music royalties is that they have stable cash flow because of the stability of streaming.
Investment portfolios are a good way to build wealth and make money without necessarily putting in the work. However, you must choose the right asset and the best management to achieve that.
Besides the traditional assets like bonds and stocks, there are newer and better assets like music royalties, art, and crypto assets that can give you good returns. Start making money through your investments by including alternative assets in your portfolio.