Latviski English По-русски
Friday 21.10.2016 | Name days: Severīns, Urzula

Be smart with investments! Five unusual forms of investment

(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUUsually the first thing that spring to mind when considering investments is securities. However, the range of investment opportunities is much broader than that. There are certain forms of investment that yield more than the securities market.

It is worth keeping in mind that money should be invested in industries the trends and developments of which the investor understands well and follows regularly, say experts of Investment Forum 2015.

Here are five unusual forms of investments that can be chosen as an alternative for securities:


It only becomes better as years go by. If you invest money in a wine cellar, the price of good wine will only grow as years go by. It is a long-term investment – perfect for retirement. «One particular advantage of investing in wine is that it is not affected by factors like economic recession,» – comments Nordea Bank’s investments department manager in Latvia Anzelika Dobrovolska.


Works of art are one of the assets worth investing in. Because the number of people who can afford a painting by Picasso is very small, investors often pick works or art created by emerging artists. It is a risky venture, no doubt. Buy a piece of art and take good care of it, as damage takes away a chunk of its value.

Classic cars

One of the most successful forms of investment is retro cars. The rarer the car, the higher the price. «Prices of retro cars have increased more than prices of securities in the past several years. It is worth keeping in mind that cars that had previously had high prices will become even more expensive in the future. The more rare and complex parts a car has, the more valuable it is. Restoration and repairs also increase their worth,» – said Dobrovolska.


What is interesting is that some investors often choose to invest in games, dolls and other toys because of nostalgia. Old toys do not seem to lose their appeal. According to data from, a toy bear produced by German Margarete Steiff in 1905 costs USD 10,000. It’s worth remembering that what is in demand today, may not be tomorrow. Use your intuition and choose the toys you wish to buy carefully. Follow the trends as well. Study prices in antique stores. Once you find the toy you want, keep it in a box to avoid damaging it. Participate in auctions and get to know the market.

Rare books

«If you want to invest and have money to afford it, rare books can prove very lucrative. For example, the Irish National Library bought books by James Joyce worth USD 11.7 million in 2002. Prices of books by modern authors can also be quite high. When buying books you find interesting, make sure their condition is as good as it can be,» – recommends Dobrovolska.


Leave a reply

Producer price level down 1.6% in Latvia’s industry

Compared to August, the level of producer prices in Latvian industry increased by 0.3% in September 2016.

SRS Tax Debt Enforcement Office director Cerneckis steps down

On Friday, 21 October, director of Latvian State Revenue Service’s Tax Debt Enforcement Office Kaspars Cerneckis submitted his resignation.

Bookmakers predict Sadurskis’ remainder in his post for the rest of the year

Latvian Education Minister Karlis Sadurskis has been forced to distance himself from political opponents and teacher trade unions because of criticisms regarding reduced wages caused by the teachers’ pay reform. Nevertheless, political support will keep the minister in his post, bookmakers believe.

Lithuanian military discussing deployment of long-range missiles

A senior Lithuanian military officer has on October 20 stated that Lithuania is considering the deployment of long-range missiles in the country in the framework of hosting a multinational NATO battalion in 2017.

Ukraine in joint declaration with Lithuania, Poland condemns WWII aggressors

The Vekhovna Rada of Ukraine has this week adopted a joint declaration with Lithuania and Poland attaching responsibility for World War II to Germany, the USSR and the international community’s «appeasement policy».

Saeima Budget Committee conceptually approves 2017 budget project

On Thursday, 20 October, Saeima’s Budget and Finance Committee supported the state budget project for 2017, the medium-term budget contents for 2017, 2018 and 2019 and 57 legal drafts associated with the project.

Facebook sorry for removing breast cancer informative video

Facbook has expressed apologies for the removal of a breast cancer informative video shared on the social network by a Swedish foundation.

Two of the last twenty three first refugees have left Latvia

The last two of the first twenty three refugees resettled in Latvia have left for Germany, as reported by LTV.

Pregnant woman in Italy dies after doctor allegedly refused to perform abortion

Police in predominantly Catholic Italy is investigating a case of a woman pregnant with twins dying after miscarriage.

Russia applies discount on transit from Belarus

Russian Railways has applied a 25% discount on petrol, diesel fuel and crude cargo transports from oil processing plants in Belarus to Russia’s north-west ports. With that, Russia has basically provided Belarus with tariffs equal to tariffs in Baltics.

The first container train headed for Riga departs from China

On Thursday, 20 October, Latvian Transport Minister Uldis Augulis, representatives from LDz and YXE International Container Train, multiple Chinese officials and Latvia’s ambassador in China Maris Selga saw off the first test container train from China to Riga.

Customs officials intercept hashish shipment worth EUR 2 million

Latvian State Revenue Service’s Customs Police intercepted and confiscated a shipment of more than 200 kg of hashish worth EUR 2 million, as journalists were informed by SRS Customs Police Director Kaspars Podins on Thursday, 20 October.

SA: Riga Freeport has only realized one of five of our recommendations

Latvian State Audit follows the development of the largest investment projects especially carefully, because the state does not seem to handle them all that well. Krievu Island project is one of the largest investment projects, because there is European Union finances invested in it...

Job seekers in Lithuania want Western salaries, employers dumbstruck

Although Lithuanian labour market is in desperate for workforce, but those willing to toil will nod to a job offer only if the pay is really big. So big that the country‘s hirers feel like grabbing their heads upon hearing the candidates‘ salary expectations.

Overall government budget decreased in 2015

In 2015, the general government budget deficit amounted to EUR 309.0 million or 1.3% of the gross domestic product, whereas the general government consolidated gross debt amounted to EUR 8 846.3 million or 36.3% of the GDP.

SP: claims about Motorola’s murderer are an attempt to show Latvia as the enemy

Latvian Security Police views claims that Donetsk military commander Arseny Pavlov, aka Motorola, was allegedly killed by a hired killer from Latvia named Marks Ozolins is nothing more than yet another attempt at information war aimed to demonstrate Latvia and its citizens and enemies.

Estonian President Kaljulaid not to ask state to pay rent

Estonia’s new President Kersti Kaljulaid will not ask the state to pay rent for using her home unlike the former head of state Toomas Hendrik Ilves did.

Every third coin with Milda’s image has made its way to Europe

Every third euro coin with Milda’s image has found its way to Europe. The proportion of those coins in Latvia is 71% of all euro coins in circulation, according to monitoring data compiled by Citadele Bank’s CBL Cash Logistics service.

Estonia plans to increase female proportion in military

Estonia has announced plans to triple female involvement in the country’s Defence Forces and to expand the list of units accessible to woman soldiers by 2018.

Pre-paid mobile card users to be registered as part of a plan to reduce grey economy

At the meeting of state secretaries on 20 October, a proposal was presented from the transport ministry to begin registration of mobile pre-paid card users.

Next year’s budget plan and other decisions viewed by Saeima this week

On Thursday, 20 October, the Saeima will gather for an extraordinary meeting, during which deputies will discuss the next year’s budget plan and 57 associated legal drafts.

European Space Agency attempts to re-connect to its Mars probe

The European Space Agency has lost contact with its Mars probe on October 19 shortly prior to its planned landing on the planet.

Klauss withdraws from SRS personnel selection process

Kristaps Klauss, executive directors of Latvian Forest Industry Federation, has decided to withdraw from State Revenue Service’s personnel selection process.

Lembergs to continue testifying in court at the end of October

Aivars Lembergs, who is accused of serious crimes, will continue testifying in his own criminal case on 31 October, as confirmed by Riga Regional Court’s press-secretary Raimonds Locmelis.

Germany: No miracles accomplished at Normandy quartet negotiations in Berlin

Following the October 19 summit talks in Berlin over ending the Donbas War, German Chancellor Angela Merkel has evaluated that no miracles have been accomplished.