Friday, June 08, 2012

Eight Ways To Make Collecting Pay Off

Columnist Deborah L. Jacobs, writes in the June 25, 2012 Investment Guide issue of FORBES magazine and on line, "They’re not liquid and no sure thing, but collectibles (a.k.a. tangible personal property) can be a profitable investment."

Jacobs says if people want to maximize the return on their collectibles, they should follow the advice of  Perri Capell, owner of the Boise, Idaho liquidation company Estate Sales Solutions. Capell says rule number one is "If something is touted as 'limited edition' or 'collectible' it probably isn’t."

She then goes on to list eight ways to make collecting - whether it's stamps or antique cars - pay off...

1. Buy, hold and trade up

2. Curb your compulsions...

3. But not your passions

4. Build intellectual capital

5. Know the tax rules

6. Donate items to a related group

7. Have a disaster plan

8. Leave heirs a road map  

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