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Top 9 worst investments
Spider7115
Member Posts: 29,704 ✭✭✭
According to a Wall Street report, these are the Top 9 worst investments currently on the market. The depreciation rate of these "collectibles" is 80-90% due to over-supply, over-pricing and low demand. In their words, if you are counting on these to fund your retirement, you'll still be serving lattes at Starbucks when you're 90!
In no particular order:
Hummel figurines
Precious Moments figurines
Beanie Babies
Norman Rockwell plates
Thomas Kinkade paintings
Franklin Mint collectibles
Hess toy trucks
Lladro statues
Cabbage Patch kids
In no particular order:
Hummel figurines
Precious Moments figurines
Beanie Babies
Norman Rockwell plates
Thomas Kinkade paintings
Franklin Mint collectibles
Hess toy trucks
Lladro statues
Cabbage Patch kids
Comments
If you can't feel the music; it's only pink noise!
Traditionally, firearms and jewelry/precious metals are tops.
quote:Thomas Kinkade paintings[:0] Oh no! Glad we bought ours before they were considered investments! However, we still paid a butt load for them; glad we actually like them! [8D]
The article said Kinkade QVC'd them to death and the market is flooded with his paintings. The goods new is that it was a great investment for him, making him $53 million richer! [:0]
If you can't feel the music; it's only pink noise!
Automobiles
ANYTHING Marketed as "Collectable"
Airplanes
Boats
[:D]
Crap![:(] I'm gonna have to sell off my beanie baby collection and go kill myself[V]
[:D]
rightly so if your the one behind bringing them to gun shows [:D]
2. Ex Girlfriends
3. Ex Houses
AT
Old vintage wine.. especially if you drink it.
if you drink it, its not an investment. its a purchase.
you can do ok on collectible wine. not great, but ok. the problem is you have to store it properly, which either means building a climate controlled cellar or paying a professional storage company both of which take a big chunk out of your profit.
you also of course need to know what you're doing. millions stacked upon millions of gallons of wine are produced every year. that vast majority of it is never going to be worth anything more than it is today. dumping your money in table wine is a great way to lose money.
Old vintage wine.. especially if you drink it.
That one always seems to end up in the toilet.
According to a Wall Street report, these are the Top 9 worst investments currently on the market. The depreciation rate of these "collectibles" is 80-90% due to over-supply, over-pricing and low demand. In their words, if you are counting on these to fund your retirement, you'll still be serving lattes at Starbucks when you're 90!
In no particular order:
Hummel figurines
Precious Moments figurines
Beanie Babies
Norman Rockwell plates
Thomas Kinkade paintings
Franklin Mint collectibles
Hess toy trucks
Lladro statues
Cabbage Patch kids
Are those made by Dodge? [:D]
they forgot pet rocks
I don't ever remember seeing promoted as an investment.
As is my hot wheels.
I guess my star wars collection is safe.As is my hot wheels.
Including the Pepsi cans.
According to a Wall Street report, these are the Top 9 worst investments currently on the market. The depreciation rate of these "collectibles" is 80-90% due to over-supply, over-pricing and low demand. In their words, if you are counting on these to fund your retirement, you'll still be serving lattes at Starbucks when you're 90!
In no particular order:
Hummel figurines
Precious Moments figurines
Beanie Babies
Norman Rockwell plates
Thomas Kinkade paintings
Franklin Mint collectibles
Hess toy trucks
Lladro statues
Cabbage Patch kids
I'm good, I have none of the above.
My retirement is in the market, with me directing the investments. I have 18% per year since inception growth on one of my plans with ~3% so far this year in 2012.
My other investments I enjoy the most are commodities like wood, brass, steel, lead and energetic materials
Here was another poor investment, buying an AR in 2008![:0]
not neccessarily. I got one for my wife (NEW)in October 2008 and the price I paid for it is still lower than the current price for the exact model now in the same store
Trinity +++
Guns and old military items seem to be holding more value more then the junk listed.
Um, that's the point.
quote:Originally posted by Waco Waltz
Guns and old military items seem to be holding more value more then the junk listed.
Um, that's the point.
Dan:
[:D][:D][:D][:D]
NS
I guess Zulu's padlock collection is safe. [:D]
The national debt is safe also,