But since early 2020, a few of the non-traditional choices have enjoyed renewed interest. The same is true for a few niches within the stock market, like cannabis companies. What are four of the top choices for modern market mavens who seek potential returns and new ways of investing their money?
Forex
Foreign exchange trading, as either a part-time or full-time avocation, has been gaining in popularity for the past decade. But with the recent lock-downs and huge increase in the number of people forced to stay at home and work there, forex trading has finally taken off and established itself as a legitimate, realistic way for non-professional investors to earn a living. The practice comes with all the standard risks of investing, but with experience and patience, enthusiasts are discovering that participating in the foreign exchange marketplace can be an exciting, sustainable way to make a living.
Cannabis
The changing legislative landscape has been good for cannabis (marijuana) startups. Now that more than 15 U.S. states and a growing number of other nations are relaxing cannabis ownership, growing, and possession laws, this market niche has heated up considerably. Like every other fast-moving investment niche, however, individual stock prices are volatile and still taking their time to settle down. That could take several years, as it does in most new industries.
However, for the marijuana stocks with large capitalization and strong management teams, companies are seeing massive inflows of investor interest. Even some of the smallest cannabis stocks are selling briskly, with or without price stability. Expect further expansion of this market as more states and countries allow buying and selling of cannabis stocks.
Silver
In uncertain economic times like these, precious metals always attract attention from people who are either tired of the securities markets or don't trust the economy to improve. They view metals as both a hedge against inflation and an insurance policy on financial stability. Often, when the stock market tanks, the price of gold, silver, platinum, and a handful of other precious metals rises considerably.
Of course, it's impossible to time the upswings and falls in price, but today's metal investors are gravitating to silver for three reasons. One, you can purchase reasonable amounts of bullion for just a few hundred dollars. Two, prices are more volatile and offer better chances for gain and loss. Three, the metal is available as minted bullion coins issued in real-money denominations by many national governments. That means purity, weight, and a minimum fiat value are assured.
Wine
For centuries, people have invested in wine. Since 2020, with the advent of peer-to-peer investing options, it's possible to purchase fractional ownership in high-price wines. Additionally, since the COVID pandemic, many investors have turned their attention to hard assets like wind, collectible art, vintage cars, and the like. Of the entire niche, bottles of investment-grade wine are the most affordable way to gain entry into one of the oldest of all the hard assets, fine wines.