Alts everywhere

I was back at work today after the long weekend and taking Tuesday off to just relax. Long story short, I felt amazing and it was the most energetic and productive I’ve felt in a long while. Like they always say, you don’t really know you need a vacation until you have a vacation.

One area that I’m tracking quite a bit is alternative investing platforms. No I’m not talking about just NFTs although that is part of it. I keep seeing new platforms pop up left and right offering investments in fine wine, trading cards, cars, designer bags and of course, art. Hell even Pokemon cards are making a roaring comeback.

I started watching some of these alternative investing platforms starting back in 2018 when there seemed to only be a few. Now I feel like I get fed ads for one on every podcast or newsletter I subscribe to.

Of course a lot of these platforms exist because of the times we live in today. There’s too much money in the system right now and people are finding pretty much anything to put their money into (see NFTs).

All that said, I do believe in the future of alternative asset investing primarily due to the trend of fractional investing. While the average American may not have (or should) spend $100k on a fine bottle of wine that appreciates over time, 100 Americans may invest $1k to partially own that bottle of wine.

The rise of fractional investing has allowed Americans to rethink their portfolios as they now have access to these investments that were previously only available to the ultra wealthy. On top of all this, it’s just fun to own a piece of a collectible.

I’ve got a few (small) investments in various assets and have had a lot of fun on some of these apps lately.