bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 22.09.2017 | Name days: Maigurs, Mārica, Māris

Be smart with investments! Five unusual forms of investment

FaceBook
Twitter
Draugiem
print
(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:

Wine

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.

Art

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.

Toys

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 money.howstuffworks.com, 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.

Ref: 102.109.109.3252


Leave a reply

Number of bankruptcies down in Latvia and Estonia but up in Lithuania

Last year, the number of bankruptcies declined 12.4% in Latvia and 10.9% in Estonia. Lithuania, on the other hand, had experienced a 35.2% increase in the number of bankrupt companies, according to information compiled by Coface.

Lithuania sets off alarm bells over quality of international brands' foods

What Lithuania‘s State Food and Veterinary service announced last Tuesday was big news in Lithuania, but not so of a discovery to the majority of Eastern European consumers - food of international brands sold in Western Europe and in Eastern Europe, and Lithuania, are not just the same.

Saeima forms a group to support HIV and tuberculosis patients

On Thursday, 21 September, Latvia’s Saeima agreed with deputy Hosams Abu Meri’s proposal to form a deputy group to support HIV and tuberculosis patients, as confirmed by Abu Meri’s assistant Edgars Ikstens.

Politologist comments whether Vējoņis’ authority is at risk or not

Saeima’s vote in which Latvian President Raimonds Vējoņis’ proposal on the status of non-citizens’ children was not pushed forward was as though a strike against the president’s authority, comments Filips Rajevskis.

In pictures: Mexicans rush to find quake survivors

A massive rescue effort is continuing in Mexico City and other areas in Mexico to find possible survivors caught under buildings that collapsed in the September 19 earthquake, which has killed no less than 237 people.

Producer prices in industry grew 0.1% in August

Compared to July, the level of producer prices in Latvian industry rose by 0.1 % in August 2017. Prices of products sold on the domestic market, as well as those of exported products grew by 0.1 %.

Saeima supports simplification of investigation of less serious crimes

On Thursday, 21 September, Latvia’s Saeima conceptually supported changes to the Criminal Process Law that provide for simplification of investigation procedures of less serious crimes.

Ozoliņš: transit and logistics industries should communicate more actively

Mutual communication and information exchange among businesses working in the industry is the pre-condition for improvement of Latvia’s transit industry, said Transport Ministry’s state secretary Kaspars Ozoliņš at a meeting of the Logistics Council.

As Estonia mends ID cyber vulnerability, officials recommended mobile ID

As Estonia tries to solve potential security risks found in the chips of 750,000 national ID cards, state officials using e-services have been recommended to Mobile-ID in addition to ID cards.

Vējonis: peaceful resolution of Ukraine’s conflict is Latvia’s priority

«Russia’s unjustified aggression towards its neighbours is a serious breach of international law. Any aggressor who begins and continues such conflicts should be brought to justice for breach of international law,» says Latvian President Raimonds Vējonis.

Authorities apprehend criminal group that caused 1.7 million euros worth of damage to the state

Latvian State Revenue Service’s Finance Police in cooperation with State Police anti-terrorism unit Omega neutralized a criminal group that specialized in VAT fraud and money laundering, as confirmed by SRS representative Evita Teice-Mamaja.

Russia pledges to respect Beslan siege ruling on 2.9 million euros

European Court of Human Rights has dismissed Russia's appeal against its ruling that excessive force was used to end the Beslan school siege in 2004 leaving 330 people dead and Russia has stated it would comply with a ruling requiring it to pay 2.9 million euros in damages.

Rinkēvičs proposes radically reforming work of UN peacekeeping missions

Latvian Foreign Affairs Minister Edgars Rinkēvičs proposes radically improving United Nations Organization’s rapid response capabilities in peacekeeping missions, as reported by Foreign Affairs Ministry.

Spanish PM urges Catalonia to stop escalation around independence referendum

The Prime Minister of Spain Mariano Rajoy has insisted in a televised speech that separatists in the Catalonia regional government should stop preparations for the October 1 referendum, which he has called a chimera.

Multiple Latvian deputies stand in favour of education only in state language

Coalition partners are prepared to consider National Alliance’s possible proposal for a transition to education only in state language.

KNAB to procure 66 high-class safes for EUR 78,000

Latvia’s Corruption Prevention and Combating Bureau announced last week a procurement procedure for 66 first-class safes, as confirmed by KNAB and Procurement Monitoring Bureau.

Comprehensive Economic and Trade Agreement between EU and Canada comes into force

On Thursday, 21 September, the Comprehensive Economic and Trade Agreement between the European Union and Canada came into force, as confirmed by European Commission’s r press service in Latvia.

Ašeradens: productivity of Latvia’s economy is far behind Europe

Productivity of Latvia’s economy is far behind Europe – 43% behind the average productivity level in the European Union is actual prices, said Economy Minister Arvils Ašeradens in an interview to Neatkarīgā newspaper.

In pictures: Diversity of heads of state UN General Assembly

What suits and costumes have been chosen by presidents of 12 countries in several continents? BNN has compiled a picture gallery devoted to the UN General Assembly taking place this week in New York.

LVSADA is satisfied with healthcare funding legislative draft

The council of Latvian Health and Social Care Workers' Union has decided to conceptually support healthcare funding legislative draft, which was developed in cooperation with Healthcare Ministry, Association of Latvian Hospitals and Latvian Employers’ Confederation.

Riga Airport becomes part of TOP 5 of Europe’s rapidly growing airports

16.2% passenger number increase has allowed Riga International Airport to become one of five most rapidly growing airports in Europe in July. Riga airport has entered the group of airports whose number of serviced passengers reaches 5 – 10 million a year, according to information compiled by Airport Council International.

Producer prices in Estonia rise 4.7% August-to-August

The producer price index of industrial output in Estonia has from July to August this year grown by 0.8%, but from August last year – by 4.7%, Estonian statisticians have estimated.

Nordea and DNB merge to officially happen on 1 October

In accordance with the recent decision of the European Commission to approve the plans of Nordea and DNB Bank to merge their activities in Baltic States, the business deal will take place officially on 1 October 2017.

Kaljulaid in UN underlines effects of climate change and lack of women in peace talks

As the Estonian President Kersti Kaljulaid made her first address at the UN General Assembly on Tuesday, September 19, she pointed out to world leaders effects of climate change and need to involve more women in peace talks.

Pabriks: Russia failed to intimidate anyone with Zapad exercises

Information acquired during Zapad 2017 military exercises will be enough to assess the tactics used and strategy, said MEP Artis Pabriks in an interview to Rīta panorama programme of LTV.

Newest comments