Stocks and bonds not working for you? These alternatives might help — but pay attention to fees.

Almost every type of traditional investment lost money in 2022. Stocks, bonds, publicly traded real estate were all down. After that, it may be worth looking at alternative investments. These include non-traded real estate, private debt, venture capital and hedge funds.

For years, some financial advisers have woven alternatives into client portfolios. When traditional markets soar, as they mostly have since 2009, alternatives tend to underperform. But after the last year of declining markets, so-called alts are regaining traction….