Over the past few years, I’ve noticed that Singaporeans have gotten more savvy with managing their personal finances and have gotten more sophisticated in their investment choices. Because of that, we are seeing more and more alternative investments being introduced to Singaporeans.
I think it’s a good thing because we are exposed to more investment options that can grow our wealth, sometimes at a lower cost compared to past investment options.
But what exactly are alternative investments?
“An alternative investment is an investment in any asset class excluding stocks, bonds, and cash. The term is a relatively loose one and includes tangible assets such as precious metals, art, wine, antiques, coins, or stamps and some financial assets such as real estate, commodities, private equity, distressed securities, hedge funds, exchange funds, carbon credits, venture capital, film production, financial derivatives, and cryptocurrencies.”
– Wikipedia –
In this article, I’d like to broaden the discussion by including alternative investment platforms such as robo advisory and peer to peer lending platforms.