When you think about investments, the first ideas that come to your head are probably in the realm of stocks and real estate, but there are countless other types of investments. Check out some of the weirdest investments people have made.
1. Trading Domain Names
With the Internet so huge these days, featuring over 250 million registered domain names to date, it makes sense that areas of the Internet are worth investing in, but did you know that people are actually investing in the domain names themselves, not just websites? How this works is that investors buy several domain names for a few dollars a piece. They then offer the domain names to people who want that particular one and make profit from selling it. They can also trade domain names online or can generate revenue through ads at the domain address.
2. Buying a School Bus
Image via Flickr by Rosa Say
It turns out that most schools aren't allowed to continue driving school buses after they hit the 100,000 mile mark. After that, they sell them. If you're the first to snatch them up, it could be worth the few hundred dollars you spend on it. Alan Corey reports in an interview by Mainstreet.com that he purchased a decommissioned school bus for $850, traveled with it on family vacations, then turned around and sold it for $1,450.
3. Loaning Your Money Online
For as little as $25, anyone can invest in other people's loans. With online loan marketplaces, you can help people refinance their debt while getting money back later. These marketplaces often offer various statistics, such as credit scores, to help you make an informed decision on the best investment. In the end, yields can rage from 12.9% to 27.9% according to USNews.com. Investors who put a lot of money into investments like this could benefit from wealth management by Fisher Investments UK.
4. Renting a Cow
Image via Flickr by freefotouk
Investing in cows seems so odd, and that's why it easily made it on this list. Since it takes a lot of money for a farm to run, there are programs that allow you to invest in a cow and later earn profits off the milk and cheese that the cow produces. This is actually a smart idea for investors since it's a generally stable investment due to the fact that the demand for milk rarely changes.
5. Investing in Whale Vomit
Perhaps the weirdest investment on the list, people actually invest in harvesting whale vomit since it's an ingredient in certain fine perfumes. When the whale initially vomits, it has an awful smell, but after sitting in salt water for a while, it turns into a waxy, great-smelling substance. In 2006, a New York woman received a 4-pound glob of what could have been whale vomit from her sister — or at least that is what she was hoping. No one could figure out what it was, but if it was whale vomit, it would have been worth about $20,000.
If you're looking to invest, perhaps you'll stay away from the stock market or new land, and invest in one of these odd choices instead. Which investment seems the strangest to you?
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