That’s what a business associate jokingly said to me recently. The answer is “kind of.”
The year is almost over, and as expected, the stock and bond markets have underperformed.
The S&P 500 is down 16.22% year-to-date, and the total bond indices have barely yielded 2% this year.
Inflation is easing, but we still have a long way to go.
As a result, people are looking for alternative investments for growth, income, and protection from inflation.
The alternative investment space has had massive highs…and lows this year.
Last week, Paul Allen, the co-founder of Microsoft’s art collection, sold for a record $1.6billion.
In May of this year, the most expensive car to ever be sold, the Mercedes-Benz 300 SLR Uhlenhaut Coupe, was sold for an eye-popping $143 million.
While these records bode well for the alternative investment space, there have also been massive lows.
FTX, one of the largest cryptocurrency exchanges in the world, filed for Chapter 11 bankruptcy last Friday. Reports indicated that the exchange had moved client funds to its crypto hedge fund without disclosing the transfers. According to CNN, $1 billion of client funds is missing as of this writing.
The failure of FTX sent the crypto world into a tailspin as calls for more regulatory oversight increased.
What does all this mean for the alternative investment space?
There’s still a lot of work and money to make, but you must research and ask questions.
Over the past several months, our company has gone all in on alternative investments.
We launched a sister company, The RainMakers Collective, a private networking and investment community for women-accredited investors.
The Collective serves as a space to learn about alternative investments and use our collective financial power to make waves in the investing space.
Members have an opportunity to connect with other innovators and entrepreneurs to not only increase their investment acumen but to network and learn how to grow their wealth.
Some of the investment opportunities we’re evaluating include investing in Broadway-bound musicals, a movie starring one of the biggest names in film, and investing in immersive experiences.
If you are an accredited investor, I invite you to check out the collective and submit a membership inquiry.
So, has the alternative investments thing gone viral? Not yet, but the more we learn from each other and understand the space, the better off we’ll all be.