Collectibles can be fun investments but don't let passion blind you to the risks

Alternative asset classes can be important in a wealth-management strategy because they can have little correlation with the stock and bond markets. Some are even countercyclical and could reduce your exposure to overall market risk in a way that traditional strategies cannot.Article content

As with any investment, there are no guarantees on what will appreciate. Because of the diverse nature of collectibles, the price is not always transparent and requires expertise to determine their value. This makes collectables an opaque and unpredictable asset class.Article content stock due to the limited number of buyers. Therefore, before investing, all potential collectors should ask themselves if having the object is enough to justify the cost.Article content

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Collectibles can be fun investments but don't let passion blind you to the risksYour passion for coins, art, stamps or other collectibles could play a role in your wealth\u002Dmanagement strategy but there are risks. Read on
Source: financialpost - 🏆 7. / 85 Read more »