Collectibles for the gullible
7 bad investments
There's nothing wrong with collecting. If you want to collect something because you like it — and you can afford it — go for it.
But there are few things you should collect as a way of saving for retirement. While a vintage doll might still fetch a huge return, talk to the folks who rushed to buy a Cabbage Patch Kid about how well their investment is doing today.
Indeed, tastes are fickle, and whatever is a hot item now could fizzle out and sell for pennies on the dollar later on eBay, particularly if that item was mass-produced.
Don't believe us?
Here’s our list of seven collectibles whose once sky-high prices have plummeted.
Treat this list as a warning: To secure your golden years, put your money in an IRA or other form of retirement savings and avoid speculative investing in collectibles.
By Jen A. Miller
Interest.com Contributing Editor