1. Spend it on collectibles, like toys.
Ah, to be a kid again.
What more if you find out that there’s actually value in buying toys today. As long as there is a demand for it, toys can turn up a profit. Toys have been found to have the potential to yield more than common investments like gold, stocks and bonds
Entry costs highly depend on what toy you buy, but for the sake of giving you guys a clearer picture, let’s take Legos.
Source: Flickr
At retail price, the cheapest set of Legos can cost just RM16. With proper care, you can actually turn it around for a profit in a year. Research (yes, research) have found that Legos can have an average return of 10% to 11% annually, depending on its rarity and retail supply.
The value of toys depends on a few factors, like the initial supply, its condition, and authenticity. Different toys also yield different results. Some research of the market will need to be done before you jump into it. But at least the child in you will be having fun while you’re at it.
Source: pixnio
If you missed the short term window, don’t worry as there’s a market for the long term as well! There is a 20-year nostalgia cycle which means your collectible may rise in value after the period, depending on the same factors. Just make sure you keep it in tip-top condition always!
2. Get into flipping sneakers!
Reselling sneakers is one of the trending alternative investment opportunities of late with the market growing so much that it is projected to reach US$30 billion by 2030, according to research by Cowen Equity.
With the stacked amount of angpao money you’ve collected, you could probably cop a pair to start reselling. A quick look at branded sneaker sites like Nike tells us that retail costs for its upcoming sneakers range from RM385 to RM1,099.
Don’t lie ah, we know you got that much this year.
A sneaker’s resale value depends on its brand, size, collaboration, and also market trend. Reselling sneakers is an option to make a quick buck, with new releases able to shoot up in 50% to 100% in price within 2 to 3 days of its release.
Though that’s not necessarily the case of all the sneakers out in the market, it’s again advisable to do your research before going into it. Thanks to the trends though, you’ll be able to check what might be coming in hot and what’s not easily with the help of websites like StockX.
3. Invest into passion projects
Do you have a hobby that you’d like to commit your time to, like photography, baking or writing a book? Why not put your angpao into it?
Starting a passion project could pave the way for it to expand from just something you do for fun. Who knows, it could turn into a full blown business in the long run. You don’t have to spend a lot of money to get started, and there are so many accessible options today to grow it into something profitable.
Source: pxhere
Say you have a knack for baking cookies. A cookie oven on Lazada goes for just RM200. You set aside RM100 to RM150 for your baking materials, and get baking. You decide that it’s good enough to be promoted, so you start posting on social media to start selling them.
If you’re thinking of boosting your exposure, depending on the amount you want, you can spend RM5 to RM50 just as a kick start.
Seems like a decent budget to work with your angpao money, right?
If converting a passion project into a business seems daunting now, you don’t have to start straight away. You can spend that extra money to help hone your craft first, like attending classes, or even going on learning websites like Skillshare, where you can subscribe to a premium account for just RM125 annually.
Make use of your “bonus”
Source: pixabay
Angpaos are given to you as a form of “blessing”, so why not treat your angpao money as an extra bonus? You can still drop them in your conventional methods, like depositing it in the bank to let it grow, but if there are alternative investment options, it doesn’t hurt to try it out!
Why not have fun while you’re at it?
What other alternatives can you find that you can use on your angpao money? Share with us!
*The above article is intended for informational purposes only. Loanstreet accepts no responsibility for loss that may arise from reliance on information contained in the articles.
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