You don’t probably think that rich people keep their money in a shed as Pablo Escobar did, do you? Every single one of them keeps their wealth in a bank but more commonly invest them in something that will get them even more.
That’s why they say that in the world, the rich are getting richer, and the poor are getting poorer. Which way are you going? If you like more the rich side, which would be just normal, you should invest your savings in something that will eventually turn out profitable.
You probably heard about banks offering to keep your money and give you a small interest over time. That’s great but it is not as profitable and secure as other things. In this article, we’ll tell you about some of the things rich people like to invest the most.
Art
Art will never go out of style. Famous paintings dating centuries ago rich prices that are unbelievable. The most expensive one was sold for $450 million. Impressive, right? If you have enough to invest, visit a few auctions and see how things go. Depending on how much you have in your pocket, you can consult with a professional and find something you can buy and will a great chance to profit. Take a look at this link to see he full list.
Let’s say you find a great piece from Dali. The famous Spanish painter is still very popular and will probably always will. His most expensive painting reached $22 million. You don’t have to try and get this exact one, but you can sure buy something less expensive and enjoy the art. After a while, its price can only go up.
Real Estate
Real estate is a great way to spend money on something that will never be lost. Houses and buildings will always have the same value. Over time, you can rent them and earn from this. Usually, the rent is 1% of the value of the place. That means if you buy a $500.000 you can rent it for $5000 a month. That’s $60.000 a year. When you’ve had enough, you can sell it again and reclaim the money.
Depending on how much effort you want to put in it, you can even profit from the sale. If you bought it for that price, you can place a pool inside and make the value higher for some $50.000. Easy, right?
Gold
Gold’s one of those precious metals whose price is always high. Yes, it had major ups and downs over the years, but generally, it only goes up if you look at it in the long run.
That’s why a lot of rich people like to buy golden nuggets, ingots, bullion, and old precious coins. Because no matter what happens in the world regarding politics, economic crises, natural disasters, the price of gold is always high.
If you’re wondering where to buy gold coins, the answer is – everywhere. Before, the only place was in the specialized shops or auctions, but today, you don’t even have to leave the comfort of your home. All you need to do is decide what you like and order it from some of the many internet pages selling it.
Bonds
The safest way to make some quick money. The only problem is, no one accepts bonds for $5.000. You need a lot of money. Rich people who own a lot, offer giving out bonds to companies, municipalities, and governments with a lower interest rate. After the agreement of let’s say, 5 years, you get the money back and you’re paid the interest you agreed on. Clean and simple.
This is an excellent way to invest your money, don’t worry that someone will steal it because you don’t have it in you, and in the end, you make a profit without doing anything. The only problem is, you need a lot of it to play on the market with it.
Plus, there’s a light risk when it comes to companies. Some of them might be looking stable at the moment, but a crash is always possible, unlike governments who are the safest terrain to invest possible.