With inflation at a 40-year high and the markets recovering from a global pandemic, now more than ever is a great time to diversify your assets to create a more balanced portfolio.
Fascinating... I never considered royalties an asset class, just something that musicians were entitled to. I did some extensive investing in P2P debt (LendingClub, now Prosper is the largest market I think) and got good returns there. With about 100% certainty that my CAGR would be 8.5% - 10% in a diversified portfolio. Not bad, but over the same period smelly old VTI returned like 12%, so I think in retrospect I should have just had more in stocks. Another downside to alternative asset classes is that while diversification is great, having multiple accounts to manage and more complexities at tax time are not always great. Just my two cents.
Fascinating... I never considered royalties an asset class, just something that musicians were entitled to. I did some extensive investing in P2P debt (LendingClub, now Prosper is the largest market I think) and got good returns there. With about 100% certainty that my CAGR would be 8.5% - 10% in a diversified portfolio. Not bad, but over the same period smelly old VTI returned like 12%, so I think in retrospect I should have just had more in stocks. Another downside to alternative asset classes is that while diversification is great, having multiple accounts to manage and more complexities at tax time are not always great. Just my two cents.