There are numerous ways to invest in your future and boost your long-term wealth, from paying into a pension scheme to building a property portfolio. However, there are also a range of alternative investments you could consider alongside these.

While making an investment can pose a risk and as such, should always be carefully considered, each of these options could be used as part of a long-term strategy.

Whisky

According to whisky experts, putting your money into liquor could be a wise long-term investment. However, if you decide this is the right option for your circumstances, you will need to carry out a lot of research.

Typically, special bottles and rare editions tend to be worth the most, with their resale value increasing over time. That being said, bottles and packaging must remain unopened and be carefully stored, otherwise the value is likely to depreciate.

Toys

A popular collectible with many, toys can be a fun but also lucrative investment. If you have held onto your childhood toys, this could be a wise move – as sellers found out when reselling Polly Pocket toys from the 1990s.

There are numerous ways to build a toy collection, such as scouring car boot stalls and checking second-hand listings online. However, just like whisky, being a toy collector requires time and research. For example, toys with defects (such as the wrong colour paint) can be worth more.

Gold and Silver

People have been collecting and trading gold for centuries and it can still be a worthwhile strategy. This is because there is only a finite supply of gold in the world, meaning it typically retains its value.

With inflation, gold can become more valuable over time, meaning it could be lucrative in decades to come. However, as with any investment, there is no guarantee that gold will appreciate or increase in value.

Books

If you are a bit of a bookworm, then collecting books could be the ideal choice. Rare books and first editions have been known to sell for thousands of pounds – like this copy of The Hobbit that was scooped up at auction for £6,000.

As with any collection, it is important to find rare books in the best possible condition and store them carefully to avoid loss of value.

If you are looking for alternative investments and have the funds, hopefully this article has given you some ideas about how you could put your money to work.