It has been estimated that about half of all households in North America own some sort of stocks. It could be through a savings account, 401k, IRA, or some other sort of retirement account, but about 50 percent are planning and saving for their future.
However, investing in stocks means putting all of your trust in a company or financial advisor that you may not even know that well. Plus, on top of it all, they can sometimes charge you astronomical fees in the long run. In addition, making contributions to these accounts usually means that you are hit with extra taxes on top of it. This means that your investments first need to make a good amount of money just to go ahead and break even because of all of these fees.
So instead of going all in on the stock market for investments, you should look at things to invest in that you can control entirely. In fact, in doing so, you may be able to elude the tax man in the process.
Gold
Even if you are investing in the stock market, you are never guaranteed to make money every year. In fact, there will be years that your investments will take a pretty good hit. But keep in mind that investing in gold has shown great returns over time. Plus, you don’t have to go through a financial advisor. You can buy little blocks of gold yourself from a variety of places.
If you look at gold’s recent track record, in the past 15 years, the price of gold has increased by 315 percent. When investing in the stock market, advisors will tell you that making a return of ten percent a year is pretty great. Gold has blown that out of the water. The best part is that you can keep the gold in your safe at home and don’t have to rely on financial advisors one bit.
Collectibles
There was a time when baseball cards were a decent investment if you happen to land a few promising rookie cards. Nowadays, most baseball cards aren’t worth all that much. Instead, rare comic books are eclipsing baseball cards in value.
There are numerous collectibles that could be great investments for you if you shop wisely. In fact, you can search for collectible diecast vehicles for a good price right now and in ten years or so, they could be worth some serious money. It is all about finding the right ones to buy.
