Final answer:
Retail investment products (RIPs) include stocks, bonds, mutual funds, ETFs, and insurance products. Direct investments in private companies, hedge funds, commodities, collectibles, and certain real estate investments do not fall within the definition of RIPs.
Step-by-step explanation:
The question you've asked pertains to what does not fall within the definition of retail investment products (RIPs). Retail investment products generally include a broad range of investment vehicles such as stocks, bonds, mutual funds, exchange-traded funds (ETFs), and insurance products that are designed for individual investors. However, certain financial instruments do not qualify as RIPs, such as direct investments in private companies (private equity), hedge funds, commodities like gold and oil, collectibles, and certain types of real estate investments. These are typically considered more complex, riskier, or less accessible to the average retail investor and thus are not classified as RIPs.
Retail Investment Products (RIPs) are a range of financial products available for retail investors to purchase, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs). However, one type of investment that does not fall within the scope of RIPs is real estate. Real estate investments, such as purchasing properties or land, are not classified as financial instruments and are not part of the range of retail investment products.