alternate investing ~ trading - Start Young

Quote from pspr:

You're right. I would only buy your Jesse Jackson button if you shipped it free and included a $20 bill.
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I just can't help this. Sorry.:D

I'd like to have two of those buttons. One to sh*t on. The other to cover it up with.:D
 
Quote from Wallace:

'Start Young' collecting antiques, art, collectibles etc and occasionally trading or
selling them, but the main idea is to build a 'collection' that may include 'everything'
that in 20, 30, 50 years time will have accumulated a several hundreds percent
increase in value

while many people collect/trade as a business and income generator, the idea here
is that collecting is a hobby or passtime whose offshoot may be profitable, that the....
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frankly, this is highly simplistic and very cockeyed advice. There is zero evidence that any items, especially richly valued ones will do anything other than founder.
 
'World's most expensive book set to fetch £6 million'
"Audubon's 'Birds of America' which is set to fetch up to £6million at auction later
this year. One copy set a world record price of £5.7million at auction in London
10 years ago. The copy going under the hammer in the Sotheby’s sale rooms had
been acquired by Frederick Fermor-Hesketh, the 2nd Baron Hesketh, who died in
1955 at the age of 39." - wonder what he paid for it
http://www.mirror.co.uk/news/top-st...e-book-set-to-fetch-6million-115875-22552242/

you're welcome to your opinion JoePaterno, however this thread isn't about 'buying
high and selling low' —
". . . especially richly valued ones will do anything other than founder."
it's about buying low and selling high

the evidence it does work are the 8 nations that broadcast an Antique Roadshow
most prominent the BBC's which started in 1979 and syndicated around the world
disproving your 'founder' statement to judge by evaluations of the mostly bought low
and held for years objects guests bring to the table

i don't doubt that like trading, 90% or more of objects brought to the Roadshows
are losers, and occasionally the shows illustrate such examples, however since
i'm not attempting to write the 'Definitive Guide to Collecting and Retiring Rich' i'll
agree that relatively speaking the thread is simplistic, and is why i wrote the bit
about "Get Educated"

in hindsight i should have titled the thread 'additional investing ~ trading' and not
'alternate' since 'additional' is what i really meant

so far as retirement and the financial preparation for it goes, everyone needs to
"Get Educated" far better than most currently are, as the past couple of years have
demonstrated, that relying on a single source of income in retirement and allowing
others to provide it is an extreme risk

'collecting' is and always has been a common, universal and profitably endeavor -
especially for those that know what they're doing, and to witness by the size of the
industry as a whole, galleries, museums, dealers, shops/stores, auctions, market
stalls, Craig's List, eBay, etc etc etc and of course thousands of 'collectors'
 
Quote from Wallace:

Ninna, as stated, " . . . the main idea [of this thread] is to build a 'collection' that
may include 'everything' that in 20, 30, 50 years time will have accumulated a
several hundreds percent increase in value." and that " . . . collecting is a hobby or
passtime whose offshoot may be profitable, that the collecting and owning is done
for the pure pleasure of what's being collected — not for pure monetary value the
piece has and may have in the future."

capital A Art is related to 'names' and galleries and generally high initial investment
and the purchase of new artists' work from the pov of 'investment' is speculative at
best
time and again people find art objects - paintings, sculpture, prints, embroidery,
photographs, etc, etc that they purchase often for small sums that are immediately
worth more than the purchase price
while it's not common - not every time they go looking they'll find a 'superbuy', one
can expect very good finds just because one is looking

yes land is a 'good' investment since there's a finite amount of it but it also has to
do with how much it costs and how one pays for it - cash or multi year mortgage.
often Roadshow purchases were made with a very small amount of capital, seldom
reaching $100 and that's key to what i've written about, tho the Pawn Stars having
a large capital source and the Pickers make a 'turnaround' profit on purchases, the
average person isn't doing that, as said, collecting as a hobby, passtime of objects
that are liked - pleasure purchases rather than business purchases
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What a joke. Just go buy those Goldman 50yrs bond. 6% per year.
 
Quote from Wallace:
however this thread isn't about 'buying
high and selling low' —
". . . especially richly valued ones will do anything other than founder."
it's about buying low and selling high
'
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No, this thread is about, "look how a few people tripped over a lucky break" This is about as informative as "the best way to hit the lottery, is to offer the lottery winner 2% of the winnings to take it off his hand, so you can keep 98% of the money."
 
I can hardly watch those shows. I get so upset when they tell the people their little piece of junk is worth 30 thousand dollars, and then they reply, "Oh, but I would never sell it--it belonged to my mother."

I would have hit the bid and before the estimator finished the sentence.:D
 
Quote from Wallace:
----'Start Young' collecting.......
----build a 'collection' that may include 'everything'....
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You can be a packrat and never throw anything away, then appear on the "Hoarders" TV show, then sell all of your moldy "treasures". :(
 
Quote from drcha:


I would have hit the bid and before the estimator finished the sentence.:D
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There is no bid.

It's an appraisal and nothing more than an estimate of what the item could potentially fetch at an antique auction if the interested buyers actually attend it.

Some of the items are truly valuable and would be hot at any auction but most of them are niche collectibles/antiques that are very illiquid.
 
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