2 ms·
Why does investing in collectibles make you a fool? Depending on the item, it may be just as likely to appreciate in value as a blue chip stock (with voting pow
by eberkund 10y ago
Why does investing in collectibles make you a fool? Depending on the item, it may be just as likely to appreciate in value as a blue chip stock (with voting power and dividends).
I can imagine you arguing that a baseball card is just a worthless piece of cardboard but you could make the same argument about practically anything. What about stock in a sports collectibles company that sells millions of baseball cards, is that somehow better?
Are social networks better investments? What about fine foods, clothing or pretty much anything that makes up most of the economic worth of the world? If you live a strictly minimalistic life then there is nothing beyond the bare essentials that has any intrinsic value.