While most investors pore over stocks and shares or siphon their savings into a traditional business like a shop or pub, others look for something a little more exciting.
There are risks involved in any type of financial venture and these must be weighed against potential rewards — with a touch of timely advice from an independent financial advisor for good measure.
But careful caveats aside, if you’re ready for some blue sky investing, you might fly high with these three unusual strategies.
- Boxing
If you’ve ever stepped inside a boxing ring and traded blows with an opponent, watched a wonderful live fight or even enjoyed the Rocky movie series, you’ll know why boxing is so brilliant.
And the next best thing to becoming a champion boxer is probably being part of the backroom team that helps propel them to the top.
Through the Boxing Advantage Company, former featherweight world champion Barry McGuigan is offering individual investors and companies a share of the revenue generated by the professional boxers he takes under his wing at Cyclone Promotions.
McGuigan has previously trained world champion Carl Frampton and currently promotes Scottish lightweight prospect Josh Taylor — so his pedigree speaks for itself.
This could be a knockout investment opportunity, but if you’re not au fait with the most promising pugilists, check out the latest contenders on rankings and results site Boxing News 24.
- Parking
When you’re looking for a profitable long-term investment that doesn’t have huge running costs following your initial layout, a car park could be the answer.
City centre facilities can capture the most cash, but legislation like congestion fees might dramatically reduce your income.
And creating the connections to invest in park and ride provisions in partnership with local government can be time-consuming and costly.
However, airport parking hubs are a different matter — securing land close to a new terminal to convert into a meet and greet or shuttle service can be a real cash cow.
Keep an eye on the competition by searching airport parking comparison site Looking4.com.
- Greyhounds
Regulars at Manchester’s Belle Vue Stadium and Bexley’s Crayford Stadium know a thing or two about four-legged canine speed machines.
And if you become part of a greyhound investment group like Bullseye Racing Syndicate, you could cream off a handsome profit from a top dog.
The group is attached to experienced trainer Tom Levers and offers shares in promising pooches for as little as £50.
Thoroughbred pups from renowned racing stock can cost as much as £20,000 each, so as you become more experienced in the business you might choose to invest more in exchange for a greater return.
But if you’re a bit green behind the ears when it comes to ‘the dogs’, look before you leap by studying results, rules and regulations from governing body Greyhound Board of Great Britain.
Every investment opportunity has its potential pitfalls, but all three of these options offer experiences that are out of the ordinary — from the thrill of the squared circle, to the ambience of an airport and the terrific atmosphere of a track meeting.
The sky’s the limit with these three unusual and unique investment strategies.
Do you prefer unusual investments? Share your thoughts in the comments section.
