Investing During a Recession – The Antiques and Collectables Market

49
8169

As we go through the first half of 2009, I have never seen anything like it. I have never witnessed the fear and panic in the eyes of investors like I have over the past few months. I was thinking of running a new organization – maybe call it something like the Battered Investors Club or BIA, an acronym for Broke Investors Of America. The stock market is no more than a roulette table, and retirement accounts such as 401K plans have separated the hard worker from half to almost all of the savings he has set aside in a way responsible for his retirement.

Do you believe the politicians and financial “gurus” who assure us that the hundreds of billions of dollars of “stimulus” that are printed 24/7 and thrown like confetti will fix this financial disaster in which we we find ? I don’t… I think it’s gonna get worse. Of course, you are going to see the stock market, the real estate market, etc., picking up a bit. The amount of money (read: our taxes, our children, our great-grandchildren) that the government is handing out is likely to cause the screen to blip for a short time, but then watch out! The long-term result of all this may recall something that happened in the history of Rome.

In the meantime, I made the decision that I wanted my money back (what was left over after they were done with me) and control when and how it was invested. I took my money out of my 401K and bought some collectibles. I now have something tangible that I can hold in my hand and admire. It doesn’t have the potential to drop, I can enjoy watching it or in many cases use it and then sell it down the road at some point. the future for a handsome profit.

You can start investing in collectibles immediately and at any dollar level – whether you have $100.00 or $1,000,000 to invest – there are collectibles for every interest you can think of. . Some of the most popular areas of investment in collectibles are coins, stamps, antique furniture, art, rare books, autographs and even classic automobiles are good investments now.

There are dealers, appraisers and experts in every field who can help you get started. Attending auctions, antique and collectibles shows, and online sites such as eBay are good places to research and see what might interest you.

Many investors start out buying a few collectibles just with the intention of reselling them for a profit, with no plans to develop an interest in the collectibles markets. With many this changes quickly as they develop a love for buying and selling collectibles and eventually make a business and career out of collectibles.

I’ve been involved in the collectibles business for 25 years and I think your investment dollar couldn’t be safer right now. There are no guarantees in life, but I know this – I’ll take a document signed by George Washington or Abraham Lincoln on an equal dollar amount of blue chip stock every time!

As investors, we have all been hit hard over the past year. But this must not continue. You can stop the bleeding in your investment situation today. Put your money in tangible collectible investments and start sleeping at night again!



Source by Greg M. Nelson

Comments are closed.