Many people want to buy items that can be perceived as being investments for the future but not as traditional as stocks and bonds. These include artwork, cars, books, and rare coins. They certainly can be real investments that make money above the average. With artwork it could be you discovering the next Andy Warhol before he gets too famous. Anything is possible for these investments. The returns on some of them are spectacular.
One should tread lightly when deciding to have these as investments. Some never pick up the required steam, others might fall out of favor amount the cultural elite, and sometimes the economy dips and the buyers of these goods dry up before you can sell. This would be terrible if you have these as a significant part of your retirement plan. It could cut your retirement lifestyle which would be terrible for anyone. That is why with any investment, the person putting money in should always try to know everything there is and continue to expand their knowledge of that investment.
I have something else in mind though. Instead of thinking of these as investments and one to make money on later, I try to think of them as expressions of my likes or as trying to be more cultural. I do not see them as commodities that are bought and sold regularly. I view them as cultural icons that I either want to have or as something that matches the decor. Also, if I really liked the item I would not want to sell it later just because I am running low on cash. Keep them and enjoy them but view them not as investments. Just take the view that they are beautiful works of art that you want to enjoy in the private of your home.
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