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Where can I find alternative investments outside the "market".
I watched "Investing In Wine With Jim Cramer Of Mad Money And Your Host Gary Vaynerchuk - Episode #499" on http://tv.winelibrary.com/. So I ask, what can someone invest in outside of bonds, stocks, ETFs and all that other stuff. I want to invest in something I can feel. The favorite part of that episode was when Jim says "The bottles you invest in can have a return but the wine itself are the dividends because you can drink it!" Not a direct quote but so true.
Best Answer
4085 points
EthanR answered one year ago …
ChiDog, there are so many things one can invest in. I agree with both Box Car and ISI about collectibles such as coins and stamps. But one can also invest in art, antiques, diamonds, sports or political memorabillia, old toy trains, musical instruments, classic automobiles, etc. These are all things you can look at, touch, feel,etc.
If you don't know much about these topics, I would suggest you start with internet searches, library books, Amazon.com, etc. I hope to write an article soon for TheTycoonReport.com on this very subject. Best of luck to you.
Answers
678 points
BoxCar answered one year ago …
Might check out "Monex" Their free DVDs are informative about Gold & Silver and
coins are something you can hold in your hand and admire. Still have Silver coins I
earned bagging grocerys in the 50s, some worth a lot more now than then.
364 points
ISIStudios answered one year ago …
Yeah, I agree with BoxCar. Precious metals are great...hard to store and transport, but nothing's better than feeling a bar of gold/silver in your hands.
Coins, stamps and other collectibles are also fun. I wish I knew more about how to value them. I'm sure there are plenty of hobbyist sites/blogs out there to find out more on those topics though.
197 points
whiteshadow204 answered one year ago …
I read a few reports that said rare gold coins are priced at a historical low right now.
Depending on what sort of collectible you get into, it can be difficult to determine its value. I think it would be important to get into something you're personally interested in and passionate about. That way the added effort to determine its value is enjoyable, and you'd get that much more pleasure out of having that tangible thing in your hands.
2775 points
Oldman answered one year ago …
One word of caution...don't put these in a tax-sheltered account. Collectibles also have a 28% cap gains rate...and you need to have good, reputable certifiied appraisals, both for valuation and insurance purposes.
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