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.
VIDEO ON MSN MONEY
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 began the new trading week on a slightly lower note with small caps leading the weakness. The Russell 2000 shed 0.3% while the S&P 500 slipped less than a point with six sectors ending in the red.
Equity indices began the day in negative territory with only the Nasdaq (-0.04%) making a very brief appearance in the green. After sliding through the first hour of action, the major averages reversed and spent the remainder of the session climbing off ... More
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