Fancy Colors Remain in Top 10 Alternative Investments

Finance and Trade
07/08/2024 10:12

In times of economic uncertainty, with rising interest rates and inflation, alternative investments outside of traditional assets such as stocks or cash, are increasingly popular with the world's rich and wealthy. Research by the Wealth Enhancement Group highlights US investors highlights a particular growing interest in classic cars and exceptional - mostly fancy colored - diamonds among high-net-worth individuals, with the latter taking up 8th position in the top 10 of alternative investment. In the past decade, the category of rare whiskeys has marked the strongest growth, going up 280% in value. The report also says that wealth creation through these investments is not the primary reason to invest, with the number one reason being the "joy of ownership". 

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