Saturday, February 19, 2011

Investing in Stamps

An article on the website reports, "When an 8-year-old is saving 'cool' postage stamps beside his box of Legos, we call it a hobby. When an aficionado is writing out large checks, traveling to auctions in Switzerland, the UK, the US, and Germany, and taking out insurance payments on his precious pieces of paper, we call it philatelic investing."

According to the piece, "Those who are good at it say they can make more than 45% in annual returns regardless of what’s going on in other markets because stamp collecting is considered an uncorrelated investment. Indeed, the most valuable stamps have retained their value and even gained some through recessions, depressions and wars.

"Success in this market requires absolute dedication, which comes naturally to serious collectors. Unless you hire a stamp adviser, the acquisition of stamps will demand hours of personal time and a scholarly understanding of your subject. This is not a quick-fix moneymaker."

To read the entire article, click here.
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posted by Don Schilling at 12:01 AM