6 investments more fun than stocks
If you find investing difficult and dreary these days, why not put some of your money into something more entertaining -- say, classic guitars or comic books? Your returns might outperform stocks.
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What a load of junk. If the autograph or NASA stuff comes with a certificate from someone that is known for accuracy and will THEN be around in 100years, MAYBE you have a chance of breaking even. Just like those idiot faking storage wars clowns - "Oh this is worth $10,000, I just made $9,500 on this locker" - yea right, sell it for that. Guess those guys don't watch Pawn Stars, "yea, that may be what the book value is, but I'm only giving you $1000. About 1 million comics have been published after 1963 - anyone remember the card / comic investment bust of the 90's? So, the odds of getting something that will be worth anything IN 50 YEARS is about a million to one. Also, well over 50% of all autographs sold on Ebay are fake.
Whatever the investment is, you had better do your homework, and unless it is coins or gold, you had best like what you buy because you will have to hold it for a long time before you can make any money on it. Most buyers will only give you 50% of any book value - they have to be able to sell it, they also have their money tied up in it until it does, and then - who pays retail!
Forget paying retail, especially from a dealer. You'll never get your money back because you depend on the greater fool to pay you more. Plus if you don't understand the markets, you won't understand how to sell your item to get a profit.
First you need PASSION on the topic you plan to invest in. Next, you need to pay well below retail. This involves finding items that people don't know what they have. This can be done ethically (such as combing garage sales, flea markets or a mis-listed item on eBay) or unethically (advertising to pay 'top dollar' then take your mark to the cleaners by not honestly telling them the value of what they have). I've seen it all.
You pretty much HAVE to become a dealer in the field. Constant research is imperative. Constantly check eBay for what people actually pay for stuff. Actively buy sell trade. Buy collections and resell the duplicates to make your money. It's the ONLY way. Trust me on this.
Have you noticed by now that making money at this is a lot of WORK? You can't just buy something and sit back. No way.
At best it's a haphazard way to make money and the only people who manage to do so, enjoy the subject passionately, instead of thinking they too, can make great returns because of something they read on MSN.
oye ve, Friend in pawn...collectables do well with good economy but suck when bad....no money, no buyers.
Start-up companies???? I'm gonna write a new Johnny Cash style song, "I SEE THE SCAMS A-COMIN' "
However, at least I see potential for partnership investing with a QUALIFIED startup investment advisor.
Space Junk??? If that market takes off, there will be an opportunity for salvage business looking for Shuttle Columbia or Challenger debris. Wonder how much an astronaut helmet (with head) is worth???
Rare whiskey???? Hell, I'd consume all the profitability in that one.
Bad timing on this article. I had a crystal ball which told me when oil was down to $73-4bbl, that was the place to be. Shares of operations/production stocks with dividends have been very very good to me since the holidays.
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- Crude oil began to sell off in overnight activity and fell as low as $100.32/barrel. Sept crude is now -0.5% at $101.12/barrel
- Gold and silver also sold off in recent trade. Aug gold is currently -0.4% at $1298.40/oz, while Sept silver is ... More
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