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Your comment makes me think of beanie babies during the bubble. They hardly seem like securities, or do they? Your definition implies they are if there are folk
by snissn 9y ago
Your comment makes me think of beanie babies during the bubble. They hardly seem like securities, or do they? Your definition implies they are if there are folks assuring you they will go up in value. Also less cray example, old cars, classic records, guitars, art etc. Is a van gogh a security? An antique first printing of moby dick? Thanks!
- pm 9y agoAssuming you're not being facetious, I would think securities means something that goes up in value that doesn't have an inherently physical nature. NB. Correct me if I'm mistaken, I have little knowledge in this area.
- catominor 9y agoCheck out the Howey Test. It's what you have to fail to be determined not a security, this definition is fairly short and good: http://www.legalandcompliance.com/securities-resources/securities-glossary/howey-test-to-determine-if-an-investment-is-a-security/ http://www.legalandcompliance.com/securities-resources/secur...