Where should I invest as a Texas resident with a $147,000 nest egg?
Thanks to a recent change in the legal code, there’s an investment Texas residents need to know about. You may not have heard about it, but this alternative asset has 84% of asset managers agreeing there’s a compelling argument to include it in your portfolio.
In fact, Bloomberg recently asked six investment experts where they’d personally invest $100,000 right now. And, they overwhelmingly recommended alternative assets.
When considering alternative assets, look at art.
Billionaires have been investing in blue-chip art for decades. In fact, the Rockefeller art collection recently sold for $800 million at auction. Art is also a favorite investment to potentially hedge against inflation.
These numbers may explain why 61% of the ultra-wealthy invest in art:
- Contemporary art prices outperformed S&P 500 returns by 174% (1995-2020).
- Contemporary art historically returns 23.2% on average when inflation is at least 3%
- Lowest correlation to public equities of any major asset class, according to Citi.
- $1.7 trillion asset class that is expected to grow 58% in just 5 years, according to Deloitte.
The main issue is that many of these paintings cost more than $10,000,000, making them inaccessible to everyday investors (and even the wealthy ones).
That’s all changed thanks to Masterworks, the first company letting anyone invest in the same types of works as billionaire collectors.
Masterworks members can invest in $1M+ paintings through SEC-qualified vehicles. They’ve launched over 70 offerings and securitized more than $250 million in art from artists like Basquiat, Monet, and Banksy.
If you want to see what paintings are currently available to invest in, join their 200,000+ members and sign up at this link. Minimums starting at $10k.
