An alternative investment is an investment product other than the traditional investments of stocks, bonds, cash, or real estate. The term is a relatively loose one and includes tangible assets such as precious metals, art, wine, antiques, coins, or stamps and some financial assets such as commodities, private equity, hedge funds, carbon credits, venture capital, forests/timber, film production and financial derivatives.
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Famous quotes containing the words alternative and/or investment:
“It is a secret from nobody that the famous random event is most likely to arise from those parts of the world where the old adage “There is no alternative to victory” retains a high degree of plausibility.”
—Hannah Arendt (1906–1975)
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)