Careful With Collectibles
Posted by admin in Investing
23Jun
Here's a cautionary piece about the trend towards collectibles as investments.
Are collectibles a sound financial investment? If the past is any guide, the answer is no. Historically, collectibles have yielded a much lower return than stocks and carried more risk.,
Mr. Gunn added that he advises customers, "Buy stocks and bonds to make money; buy memorabilia for the pride and pleasure of ownership." That sounds like sound advice to me, despite the hype given to a few recent record-breaking sales.
Don't kid yourself that you've got the next Honus Wagner card. The deck (of baseball cards) is stacked against you.
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Right, collectibles are for memoirs. If it has value, probably, it’s value is more in the personal value. If you are talking about money, then choose to invest more that has a price, which could increase annually.