Every once in a while, an investment idea will come to you, and it seems like it may be a no-brainer. I mean, how can you go wrong putting your money into the hottest new fad? Unfortunately, it turns out that the answer is often very wrong.

But, sometimes, it does work out for the risky investor inside of us all.

Over the next few days, I will be going over some of these investment ideas that shockingly worked well for people. Now, I’m not saying that any of these are a good idea – you should always follow the professional advice of your financial advisor. Or at the very least, research, research, research!

Now, with that said, let’s get to it!

Did you know you can buy music royalties online? Yes, that’s right. You can buy a portion of a song’s net worth at auction so that you, as a partial owner of the music, can earn royalties whenever it’s used in media.

Some seemingly obscure songs can still net significant returns, but others, not so much. But, shares purchased exist for over 90 years after the artist’s death, so that investment of a few thousand could net some lucky person a fair chunk of change. Or not. It’s a risky game to play.

We like to play to a different tune, though. As financial advisors, we stray away from potential money pits with a risky return probability, so it’s always best to talk with an advisor before going into something like this. Call 513-563-PLAN (7526) or click here to book a 15-minute chat with us to discuss sound financial decisions.

Regards,
Nikki Earley, CFP®