Grow your nest egg with a stable alternative
With the economy in such a volatile state amid high inflation, your 401(k) or IRA — and your retirement itself — could be at risk.
A Gold IRA is a great alternative to protect your future. Unlike the U.S. dollar, which has lost 98% of its purchasing power since 1971, gold’s purchasing power remains stable over time.
Goldco is a reputable precious metals dealership offering IRAs and direct purchases of precious metals and coins.
While inflation is increasing everyone’s expenses, precious metals won’t be affected — so a Gold IRA might be the best thing to preserve your retirement.
Stop overpaying for insurance
As with food and gas prices, home insurance premiums are on the rise. The average price of a home insurance policy in 2022 is $1,680 — nearly 40% higher than it was 12 years ago.
Save instantly by comparing prices from multiple home insurance companies.
SmartFinancial makes it easy to find the best rate available in your area — for both your home and car.
Just answer some quick questions, and SmartFinancial will sort through over 200 insurers in a few minutes to find you the best deals available and any discounts on home insurance and auto insurance.
A cheaper insurance rate can certainly cut down your monthly expenses and make a little more room for enjoying what you have.
Invest any extra cash outside the stock market
Alternative investments have traditionally been exclusive to ultra-high-net-worth individuals, but new platforms are making it easier and cheaper to buy in. That means you no longer need to limit yourself to the stock market in order to grow your portfolio value or find that much needed stabilizer.
Contemporary art, for one, has outperformed the S&P 500 by 131% for the past 26 years, and it has a near zero correlation to stocks according to Citi. Masterworks lets you invest in shares of individual works — just select which shares you want to buy and they will handle the rest.
Similar to art, fine wine has historically offered a great hedge against inflation. It’s a more stable investment than stocks, and a new platform called Vinovest removes the constraints of specialized knowledge and logistical factors like proper storage so anyone can invest.
They do all the work for you and will even select the best wines for your portfolio based on your goals, then tell you the ideal times to sell to get the most value for your wine.
Another option is real estate, which has actually demonstrated its resilience in times of rising interest rates despite rising mortgage rates.
RealtyMogul provides accredited investors with access to professionally managed, well-leased properties at a fraction of the cost and responsibility level. In other words, it gives you the chance to invest in real estate without paying for a property in full.
