If you enjoy collecting items such as wine, coins or stamps, you could be sitting on a nice little nest egg.
Money editor Dominic Powell and our experts share tips on how to save, invest and make the most of your money.
, a free weekly newsletter giving expert tips on how to save, invest and make the most of your money, is sent every Sunday. You’re reading an excerpt −As a child of the ’90s, I firmly believe we had some of the best collectable crazes. Princess Di collectable plates , Tazos, Pez dispensers, dolls/action figurines, and, of course, Beanie Babies.
I was too cool/not cool enough to have any of these things , but at any given week you could guarantee there’d be some new item people were sure would still be worth thousands in the future., almost none of those collectables held their value. Now, I’m not saying that’s true for all ’90s collectables – an Alpha Black Lotus from the Magic: The Gathering trading card game willhold their value.
Collectables have also become increasingly popular recently, especially due to the low-interest rate COVID periods, where investors both a) had a lot of time on their hands and b) were keen to find higher-returning assets.Collectables are popular as they let people invest in their hobbies, and can often have significant returns when compared to “standard” assets. But for novices, collectables can pose a challenge.
Advice given in this article is general in nature and is not intended to influence readers’ decisions about investing or financial products. They should always seek their own professional advice that takes into account their own personal circumstances before making any financial decisions.
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