We’ve talked about many ways to diversify money. Why do we diversify? To have our money grow safely. If one investment is not doing well another might.
This Moneywise article talks about three ways to diversify, from Jeff Bezos.
- Art
- Real estate
- Fine wine
Art and wine have a low correlation to stocks. Correlation means if one goes up, they both don’t go up together by the same amount.
There are a variety of REIT’s. We mentioned OPI and DEA earlier. Note: we own both.
What does billionaire Bezos say about art and wine?
From Masterworks site, they mention the following.
- Invest in multimillion-dollar paintings
- Attractive historical price appreciation
- Buy and sell shares on trading platform
- Receive proceeds when the painting sells
It’s a new thing to invest in million dollar art pieces for the ordinary investor. As with many good things, there is a waitlist.
How about wine? The easiest way to invest in wine is buy a few bottles. For the serious collector, wine storage, temperature control, and a variety of selection and regions comes into play. We don’t drink wine, how would we invest?
Perhaps the owners of Masterworks and vinovest are similar, they have similar websites. From vinovest’s website:
- Attractive historical returns
- Direct ownership of world-class wines
- Portfolio diversity
- Robust recession-resistance
Lol, as an added bonus “If you want to enjoy your wine, we’ll even ship it to your doorstep.” Hard to beat an investment you can use with dinner.
Pokémon, fine art, fine wine, gold, business, there are many ways to beat the anemic returns and high volatility of the usual portfolio.
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Sincerely yours,
smilingdad
smilingdad 