If you want to invest your money, there are thousands of different options open to you. They range from the conventional to the unlikely, and all offer varying returns. Some people say that the best thing to do with spare cash is to pay off your debts.
But, if you don’t have any significant debts to pay off, what do you do with your spare cash? It’s likely you’re reading this because you want to try out alternative investment ideas. One such example is shipping containers!
Yes; you read that right: shipping containers. As hard as it is to believe, growing numbers of people are investing in them and earning decent returns. It’s an unlikely way to make some money, but it also seems to be a little-known option. So, should you buy a big metal box? If you’re willing to try something different, the answer is yes. Here’s why:
The shipping industry is huge
In Europe along, the maritime shipping industry is worth a staggering $164 billion! When you take into account the global industry, we’re talking trillions of dollars. As you can appreciate, the shipping industry is huge.
Shipping containers are a commodity that is often used within the industry. Ships carry thousands of tonnes of goods, and so they need protection from the elements. The only way to do that is by transporting items inside of steel shipping containers.
Commerce between different countries is growing; there’s no denying that fact. As a result, there is a continual rise in demand for maritime shipping services. With that rise comes the need to put more ships and containers into service.
Believe it or not, the industry has not got to a stage where it doesn’t need any new shipping containers. In fact, there is always a demand for more! That is one of the main selling points for people to invest in shipping containers.
Your yield is better than rental income on properties
Most people would assume that bricks and mortar make good investments. To a large degree, they do. But, rental incomes seldom generate the desired yield. In fact, some investors are lucky just to break even let alone make a profit!
Shipping container investments offer a stronger yield. It’s not uncommon for investors to get 10-20% yield per year. Even the best long-term savings accounts can’t offer such a return.
How does shipping container investments work?
In a nutshell, one or more people would buy a new shipping container outright. They can then lease that container to shipping companies around the world.
Few people know this fact, but shipping containers are seldom owned by transport companies. It’s the same with trains, for example. The train companies don’t own the carriages and engines; they are all leased to them.
Another benefit of shipping container investments is that you’ll see a return each month. Other forms of investment only offer a return after a few years!
As you can see, it’s worth considering this little-known option for investing money. Let us know if you’ve invested in shipping containers and how you are finding the process!