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Money Matters: Turn Your Hobbies Into Investments

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October 31, 2012

Some people invest in the stock market - but with stocks and bonds prone to big swings lately, Charles Passy of thewallstreetjournal.com says some people like to combine a hobby with an investment.
Your collection at home may be worth some big bucks some day.

But there are risks as well. Here are some of the collectibles Charles Passy says may pay off.

1. Motorcycles. Some models from the 70's, 80's - even 90's. But your whole investment can get wiped out with a crash (literally).

2. Watches. It's all about the name in this case. Rolex and Patek Philippe are two of the biggest names and can bring thousands of dollars. The closer you get to the original box, packaging and paperwork the better. But watch out for fakes.

3. Stamps. It's a very broad category so investors say you may want to focus on a particular area, be it country, region or topic such as celebrities. Condition is key. Stamps in premium condition have increased in value. Those in average and fine condition have not.

4. Autographs. The most valuable autographs are from iconic figures of the 20th century. Marilyn Monroe, Elvis Presley, and John F. Kennedy are all high on the list. A signed letter from Abraham Lincoln brought in $3.4 million at a 2008 auction.

Electric guitars are a hot item. And photogrphs too.

For a link to the entire article by Charles Passy, click on the link below.


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