I believe collecting is a great starter for investing. Many collections tend to become really good investments. As you mentioned, much of today's wealth is invested in publicly traded stocks and other "regulated" investments. HOWEVER, collections are a very good way to shelter assets if the country proceeds with wealth confiscation, such as what has occurred in countries such as those located in South America and Cuba. Remember the Cuba boat escape into the US? I recall many had hidden gemstones and used those assets to start businesses in the US. Many art collections have been appreciated far beyond what anyone could expect. The same goes for sports-related cards and other paraphernalia. I think from past experience that it is always a good idea to build a diversified asset base in addition to the most popular stocks and bonds.
Comments
I believe collecting is a great starter for investing. Many collections tend to become really good investments. As you mentioned, much of today's wealth is invested in publicly traded stocks and other "regulated" investments. HOWEVER, collections are a very good way to shelter assets if the country proceeds with wealth confiscation, such as what has occurred in countries such as those located in South America and Cuba. Remember the Cuba boat escape into the US? I recall many had hidden gemstones and used those assets to start businesses in the US. Many art collections have been appreciated far beyond what anyone could expect. The same goes for sports-related cards and other paraphernalia. I think from past experience that it is always a good idea to build a diversified asset base in addition to the most popular stocks and bonds.
Post: Why We Collect
Link to comment from August 27, 2022