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Diversify with fine art

Millennials are not only collecting art – they’re also among the asset’s top investors.

According to a 2021 report from Art Basel, rich millennials were the highest spenders on fine art, with 30% of millennial collectors having spent over $1 million.

Fine art is the perfect alternative investment for savvy and high net worth investors who are looking to diversify their portfolio. It’s notably consistent, as contemporary art has outperformed the S&P 500 by 131% for the past 26 years.

Previously, there was no way to invest unless you had millions to buy an entire painting. But Masterworks has completely changed that. Instead of buying a single painting for millions of dollars, you can now invest in shares of individual works.

With this revolutionary investment platform, all you have to do is select which shares you want to buy and Masterworks will handle the rest.

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Hedge against inflation with real estate

Prime commercial real estate has outperformed the S&P 500 over a 25-year period. It’s no surprise that high-net-worth individuals — regardless of their age — see opportunity in this asset.

Luckily these kinds of opportunities are now available to retail investors. Not just the ultra rich.

First National Realty Partners lets accredited investors own a share of institutional-quality properties leased by national brands like Whole Foods, CVS, Kroger and Walmart. You can expect to collect stable grocery store-anchored income every quarter.

FNRP’s team of experts vets every deal against a rigorous set of investment criteria and manages them in-house, so you don’t have to worry.

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Consult a professional

One thing that all generations of high-earners seem to share is a reliance on – and trust in – financial advisors. According to the Bank of America survey, more than 90% of wealthy Americans use either a human or robo-advisor.

Perhaps surprisingly, millennials showed the strongest preference for in-person communication with their advisors. This makes sense, given that research shows that those who use a financial advisor retire with an extra $1.3 million.

If you’re going to be relying on someone to help you grow your wealth, it’s important that you build a strong relationship – one that stands the test of time.

Zoe Financial can help you narrow your search for a trustworthy advisor.

Their free matching service connects you with a range of highly-vetted financial professionals who can help you maximize your earnings potential and ensure you minimize unnecessary fees or tax burdens.

Once you find a match you like, you can schedule a free consultation to ensure this is someone accompanying you on your financial journey.

Get Matched

Get in on private markets

Wealthy millennials have discovered investment opportunities that were once the exclusive domain of hedge funds.

Yieldstreet grants you access to a diverse world of alternative investments, including private credit, legal finance and fine art.

With more than $3.9 billion invested on the platform, Yieldsteet empowers users to explore a variety of professionally-vetted offers that suit their individual goals and interests.

Each opportunity is presented with a comprehensive profile, revealing essential details such as total offering size, investment limits, duration, expected returns and risk assessments. This data equips you with the knowledge needed to make informed investment decisions.

To get started, all you need to do is answer a few questions about your goals and financial habits, and in a few minutes you’ll be set up with a dashboard providing you with a variety of customized investment opportunities.

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About the Author

Moneywise

Moneywise

Moneywise Editorial Team

The Moneywise Editorial Team is a group of passionate financial experts, seasoned journalists, and content creators who are deeply committed to providing unbiased, relevant, and accurate financial information. With years of combined industry experience, our team is dedicated to maintaining the highest journalistic standards and delivering informative and engaging content. From personal finance and investing to retirement planning and business finance, we cover a broad range of topics to suit the financial needs of our diverse readership. You can trust the Moneywise Editorial Team to empower you with the knowledge and tools necessary to make wise financial decisions.

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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.