6 investments more fun than stocks
A vintage Harley, an 18-carat gold Patek Philippe watch, a guitar once owned by the legendary Les Paul -- now that's a diversified portfolio.
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Collectibles are fun but NOT a hedge against economic bad times. Usually their prices collapse during hard times--which is the best time to buy them. They collapse not only because there is less disposable income flying around for purchases, but also because in hard times many people look for something valuable to sell to get some badly needed cash. So supply exceeds demand and collectible prices collapse.
And none of these are investments, they are all speculations. Speculation is betting on the eventual sale price being higher than the purchase price, while investments produce cash flow regardless of an eventual sale. Although some stocks have a speculative aspect, the price is eventually based on the future earnings of the company.
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[BRIEFING.COM] The major averages spent the entire session in a steady downtrend, but despite persistent selling pressure, today's losses were limited in scope. The Dow, S&P 500, and Nasdaq shed between 0.2% and 0.3% while the Russell 2000 lagged, falling 0.9%.
The underperformance of the Russell 2000 was likely owed in part to tax-loss selling, which tends to pick up this time of year. Small-caps often feel that pinch in a stronger fashion than large-cap issues since individual ... More
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