Investing in 2024 requires a thoughtful strategy to ensure a stable and reliable income. Diversifying your investment portfolio is the key to success. Traditional methods of investing capital, such as stocks, bonds and real estate, should form the basis of a portfolio, but more and more experts are turning their attention to alternative forms of investment. What should you invest in to place your money safely and profitably? Investing in uniques is not just fashion.
Investing in rarities: an art not only for the richest
Art is a unique form of investment that is not only pleasing to the eye, but can also yield significant returns. Although the market is volatile and requires knowledge and commitment, smart investments can be very profitable. For example, a David Hockney painting that sold for $18,000 in 1972 fetched a price of $90 million at auction in 2018. Although such cases are rare, the average art investor can expect annual returns of 8.9%.
Exclusive bags: fashion investments
Investing in luxury bags, such as Hermes Birkin or Chanel Classic, can yield significant returns. Hermes and Chanel bags retain 100% of their original value, and often even gain in value.
For example, a standard Birkin 35 from 2011 can now be worth 30% more. It’s important to choose classic models that are hard to find and keep them in excellent condition. Investing in uniques pays off.
Wine as an ideal way to expand your portfolio portfolio
Wine is another alternative investment that is gaining in popularity. The wine investment market is growing, with the number of wines traded increasing by 43% in 2018. The value of the top 100 bottles of wine has increased by 24% over the past four years. You can trade wines on Liv-ex (London International Vintners Exchange) and enjoy stable profits. To avoid risks, it is advisable to buy wine from professional wholesalers and store it in proper conditions. The option of buying unique bottles at auctions is also interesting.
Furniture and design – a financial portfolio in good taste
Investing in designer furniture and decorative items, such as vases or mirrors, can also be profitable. The best investments are classic models or limited editions. Consider furniture from Cassina or pieces from well-known designers such as Charles & Ray Eames. According to Paris-based Galerie Yves Gastou, by holding these items for about 10 years, you can expect up to a tenfold increase in value.
Diversify your portfolio by investing in uniques – a conscious choice
Investing in uniques in 2024 requires diversifying your portfolio to ensure a stable and reliable income. Traditional ways of investing money should be supplemented with alternative forms of investment, such as art, luxury bags, wine or designer furniture. Careful market research and selection of investments that have the potential to increase in value is key.
Luxury News Editor
Joanna Baran
source: valuechampion.sg
