How to Assess the Right Alternative or Non-Traditional Investments for Your Goals
In the ever-evolving world of finance, pursuing higher returns, diversification, and unique opportunities has led many investors to explore alternative or non-traditional investments. But with great opportunity often comes great risk and complexity, and it’s crucial to assess these investments carefully to ensure they align with your unique financial goals. Whether you’re a seasoned investor or just starting to dip your fingers into the world of alternatives, this 10-point guide will help you navigate the landscape and make informed decisions. 1. Know Thyself: Define Your Investment Goals Before venturing into the realm of alternative investments, take a moment to reflect on your financial goals. Ask yourself: What is my risk tolerance? Are you comfortable with higher volatility, or prefer more stable return? What is my time horizon? How long can you afford to lock away your money? Some alternatives require long-t...