investing

5 alternative investments for fat returns

Take a walk down Broadway
Take a walk down Broadway

A favorite Broadway motto tellingly describes this alternative investment: "You can't make a living, but you can make a killing."

Invest in winners like "Wicked" or "Kinky Boots" and you'll have a cash cow for years. Pick a loser and you can lose your investment, and many shows do fail. Why? "There is no way to predict how well the production will be received by audiences," says Ethan Bordman, a New York City-based attorney who specializes in entertainment law.

But pick a winner and your investment could multiply many times over.

However, investment minimums can be high, averaging $12,500 to $25,000, according to the website BroadwayInvesting.com. For those with smaller purses, investing in lower-cost off-Broadway shows that require much lower investments may be just the ticket. Vet a show's producers, actors and directors first to see if they have a good track record.

If you decide to invest, scrutinize your contract, Bordman says. "First money in a show usually gets a better deal," because early investors take on more risk. Ultimately, every contract has varying payback terms.

Juicy perks include opening-night parties.

advertisement

          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

CDs and Investment

Should lucky gambler play the market?

Dear Dr. Don, I recently got lucky at a casino and won $8,000. I have a car loan and carry balances on my credit cards, but I never miss a payment. I don't want to blow all the winnings by paying down unpaid debt for my... Read more

advertisement

Blog

Sheyna Steiner

Investing ideas from Twitter?

The Internet is good for more than porn, clever memes and recipes. It's also full of great investing ideas and discussions.  ... Read more

Partner Center
advertisement

Connect with us