08-22-2005, 08:19 PM
[QUOTE=Tretov]Well, at the moment, the money does not grow at all, they are in a bank locker and not in an account. Assuming I would put them into a bank account, they would generate annually 0.4% interest for me, ie. 12 USD first year and then a little more each year (I dont have time to do the exact calculus at time of writing, but you know what I talk about). QUOTE]
"I'm not as concerned about the return ON my money as I am the return OF my money." Will Rogers
Try googling invest collectible and read a few of those articles, including those motivated by an intense desire to sell something.
You originally wrote "I think this would be a good investment." You've read the comments -- not everyone agrees. If you still feel that way, what's stopping you? I'd hate to lose $3K but you won't if it's a good group and it wouldn't be the end of the world if you did. Take a chance. What's the downside, that you'll lose some money? It happens. Everyone who has ever bought an expensive collectible has taken the same chance. If you can't afford to lose any money, pick something safer. Just don't confuse buying this group with mainstream investing. It is speculating in the form of buying a collectible at retail. Think about it.
Chuck
"I'm not as concerned about the return ON my money as I am the return OF my money." Will Rogers
Try googling invest collectible and read a few of those articles, including those motivated by an intense desire to sell something.
You originally wrote "I think this would be a good investment." You've read the comments -- not everyone agrees. If you still feel that way, what's stopping you? I'd hate to lose $3K but you won't if it's a good group and it wouldn't be the end of the world if you did. Take a chance. What's the downside, that you'll lose some money? It happens. Everyone who has ever bought an expensive collectible has taken the same chance. If you can't afford to lose any money, pick something safer. Just don't confuse buying this group with mainstream investing. It is speculating in the form of buying a collectible at retail. Think about it.
Chuck
