New Places To Invest
Are you tired of the same old investment strategies, such as stocks, bonds, and real estate? Are you looking for new places to invest that might liven things up a bit or simply add more diversification to your portfolio? Well believe it or not, there are more ways to invest than the traditional investment options, but you have to know where to look. In this guide, we'll talk about a few places that you can invest small or large sums of money and learn about new strategies that could pay off in big ways down the road.
Did you know that there are websites that collect money to loan to people at great rates based on their credit history? Actually, there are quite a few of these and they actually be a great way to help people and risk only as much as you feel you can afford to lose. For instance, if someone needs a $1,000 dollar loan for business expenses, then they create an application on the site and the site does a credit check to share with potential investors. The investors then browse through the list of people looking for funds and choose who they feel comfortable lending to. You can lend as little as a few bucks or fund the entire loan yourself. You can earn anywhere from 5% interest to 20% interest depending on the person's credit level. There are two popular places where you can currently do this, one is called Prosper and the other is called Zopa. Give them a look to see what you think.
You can also invest in music artists and help them hit the big stage. There are a variety of websites that feature independent artists looking for record deals that simply need the money to fund a demo or studio album. You can use these websites to fund the artist's efforts and in return you will own part of their success. You can also buy and license individual songs or albums from specific artists and try to promote them yourself. This brings a whole new style of investment to the table and allows you the chance to be a record executive in the process.
Lastly, if you have some extra money to loan and don't need a return, then consider lending money to Kiva, which is a new way to help people across the world. Kiva allows people to loan money to business owners in 2nd and 3rd world countries that otherwise would have a hard time getting financed. Most of these people are trustworthy and Kiva has an excellent repayment record. If you are looking for a way to be charitable without giving away huge sums of money, then this might be a good way to do both.
Although you can always invest in the traditional stocks and bonds, why not take a stab at some modern investment methods and help to pioneer new trends? You don't have to be a high roller to get started, but it is fun to act like a high roller in the process. Check out these companies and maybe you'll find a new way to diversify your portfolio that is fun and interesting.