YO money UR Thinking outside the box
Alternative investments can not only be a lot of fun but with the right advice and a bit of research they could also make a healthy return
M WORDS ANYA HART DYKE
‘If you’re buying antiques or hoped-for master- pieces, it’s worth buying something you like’
oney is multi-purpose. At
one extreme it affords the basics to survive, at the other
it provides opportunities for playing in the biggest casino on earth: the stock market. In between, there are myriad opportunities for having fun with it. As with all investments the question
is, what do you want from your money? Rare earth metals for example, explains investment
consultancy Caesar
Alternatives, offer a potentially higher return but investors must accept that there will be a correspondingly higher level of risk involved. Given that China has cornered the market on these metals, used primarily in high-end technology like mobile phones and solar panels, their value could continue to rise. But they’re at the medium-to- high end of the risk spectrum. That’s pretty straightforward. High
risk equals (potentially) high returns. But in August this year, the Financial Services Authority announced new proposals to regulate the alternative (or non-mainstream) market because of the high levels of ‘unsuitable’ advice out there and the ‘potential for customer detriment’, The Telegraph reported. These concerns largely applied to
PLANNING FOR A PARTY Carbon Financial Partners is delighted to announce that Paul Gibson, a Chartered Financial Planner, has been confi rmed as a fi nalist in two categories of the FT Money Management Financial Planner of the Year awards 2012. Gibson has been invited to the awards ceremony, which is being held at the Mandarin Oriental Hotel Hyde Park in London, where the winners will be announced.
assets such as fi ne wines, timber and crops, which were often highly speculative because they were not traded on established exchanges, and were therefore hard to value. So fi rst and foremost, know what you’re getting into; you’ll need to get sound advice and do your own research. And be sure that your money is going to a fi rm that is regulated. Of course, just because a fi rm is in
the
regulated marketplace doesn’t mean the investment will give a good return – it just means that the money won’t disappear into someone’s offshore account. Or you might want to consider
alternative investments that generate no income at all. Antiques, fi ne wine and art are all medium to long term investments and it is diffi cult to know when, and indeed if, something will show a profi t. So if you’re buying antique toys, books or hoped-for masterpieces,
it’s
worth buying something you like – you’ll be stuck with it for a while. And if it doesn’t appreciate in value to the extent that you had hoped, you’ll be able to pass it on to a family member or friend. Mark Medcalf,
at Mark Medcalf
Associates, explains how buying items second hand can be such good value
Rural renewables service Perth based rural property fi rm Bell Ingram has developed a specialist renewables valuation service – one of the fi rst of its kind in Scotland. It was set up in anticipation of a growing demand among clients for accurate valuations of renewables schemes. The service is being presented by Pipeline and Utilities Director, Alasdair Reynolds, who has spent much of his career working on utilities projects for clients such as Shell Chemicals and the National Grid.
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