‘What a bozo!’: Kevin O’Leary blasts Minnesota’s Tim Walz for cheering Tesla stock price crash — says the state pension plan owns 1.8M shares. 3 ways to diversify beyond stocks

In an uncertain environment like this, billionaire hedge fund legend Ray Dalio is once again emphasizing the importance of diversification — and the enduring value of one classic asset.

“People don’t have, typically, an adequate amount of gold in their portfolio,” he recently warned](https://moneywise.com/news/economy/ray-dalio-issues-dire-warning-of-american-debt-death-spiral).

Gold is considered a go-to safe haven. It can’t be printed out of thin air like fiat money, and because it’s not tied to any single currency or economy, investors often flock to it during periods of economic turmoil or geopolitical uncertainty, driving up its value.

While the economy hasn’t officially entered a recession, gold has already surged — climbing 40% over the past year and recently topping the $3,000-per-ounce mark.

Today, there are plenty of ways to gain exposure to gold. Investors can buy gold bullion — many online platforms offer a wide selection of gold and silver bars and coins at fair prices — own shares of gold mining companies, invest in gold ETFs, and even tap into potential tax advantages through a gold IRA.

Read more: Gold just hit a historic high of $3,000/ounce on Trump’s tariff moves — while US stocks got slaughtered. Here’s 1 simple way to prevent more pain within minutes

Real estate has long been a favored way to generate passive income — and unlike stocks or bonds, it’s a tangible asset you can see and manage.

It’s also a time-tested hedge against inflation. As the cost of materials, labor and land rises, property values often increase as well. At the same time, rental income tends to climb, giving landlords a revenue stream that adjusts with inflation.

Owning rental property allows investors to collect monthly rent payments, but being a landlord is rarely as passive as it sounds. Managing a property involves finding and screening tenants, collecting rent, and handling maintenance and repair requests (out of your own pocket) — and that’s assuming you can save enough for a down payment and get a mortgage to buy the property in the first place.

The good news? These days, you don’t need to buy a property outright to reap the benefits of real estate investing. Crowdfunding platforms, for example, allow everyday investors to own shares in rental properties without the large down payments or management headaches traditionally associated with real estate ownership.

Alternatively, real estate investment trusts (REITs) provide another avenue for those looking to gain exposure to this asset class.

It’s easy to see why great works of art tend to appreciate over time. Supply is limited and many famous pieces have already been snatched up by museums and collectors. This also makes art an attractive option for investors looking to diversify.

In 2022, a collection of art owned by the late Microsoft co-founder Paul Allen sold for $1.5 billion at Christie’s New York, making it the most valuable collection in auction history.

Art also has a low correlation with stocks and bonds, which helps with diversification. But it’s not without drawbacks: fine art is an illiquid, high-risk asset. Its value can be influenced by shifting tastes, trends and the art world’s inner circle. It also requires proper storage, insurance and care — adding to the cost and complexity.

It’s true that investing in fine art by the likes of Banksy and Andy Warhol used to be an option only for the ultra-rich. But with a new investing platform, you can invest in iconic artworks too, just like Jeff Bezos and Peggy Guggenheim.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.