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Alternative real estate investments

Buying million-dollar homes may not necessarily be wise for lottery winners, but clearly nobody told Castro about alternative real estate investments. These are investments that get you in the real estate market without having to own a physical property.

Real estate investment trusts (REITs) are one of the ways to do just that. REITs own profitable real estate investments, like apartment buildings and shopping centers. You receive dividends from the rent that they collect – all without the hassles that come with being a landlord.

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Artwork investments

Billionaires don’t invest in art just for a pretty picture on the wall, but because it can be a great investment. ArtTactic reported a 64% increase in single-owner sales value in 2022.

Though some art pieces can sell for millions of dollars, you don’t need to win the Powerball to invest. You can become a “fractional investor” in a classic work of art. It’s similar to investing in a stock: you don’t own the entire painting, but just a share of it. Plus, you don’t have to spend hours scouring galleries for the right piece or store it yourself.

Alcohol investments

It’s said that wine gets better with age. That goes for taste and sometimes value as well, as bottles of fine wine become more rare with each passing year.

It’s possible to invest in wine by purchasing your own bottles — but that requires a place to store them at the right temperature, and wine cellars can cost tens of thousands of dollars.

Since not all of us have won the lottery, there exist wine investing platforms that do the hard work for you. That includes selecting, storing and insuring bottles of wine — and they’ll even suggest good times to sell.

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Sabina Wex is a writer and podcast producer in Toronto. Her work has appeared in Business Insider, Fast Company, CBC and more.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.