If someone tells you something is a "collectible" and therefore a good purchase, never buy it with the intention of selling it for more or even getting your money back.
I was cleaning out the closet this weekend and just said fuck it to holding on to all these beanie babies, baseball cards (from 80s and 90s worth absolutely nothing) and other worthless trinkets. The only thing that seems to have kept its value is the silver coins and pokemon cards but then again....had I put this money into the stock market it would be 20x the value. During my youth, I put ALL of my money into the above categories and zero into stocks. I only started investing when I was 18.
If anyone has kids, make sure you teach them where to put their money for investments and to avoid at all costs anything that is sold as being a "collectible". Funko pops or whatever they're called, tell your kids to stay the hell away from those especially if they're talking about investing their money.
Submitted August 13, 2018 at 02:20AM by JasonMckennan5425234 https://ift.tt/2MKuaok
