What Constitutes An Investment Worthy Collectible? With Mark Hall-Patton June 3, 2018
What Constitutes An Investment Worthy Collectible? With Mark Hall-Patton
Guest: Mark Hall-Patton
Collectibles are also potentially global investments you can trade and sell them anywhere in the world where a demand exists. And while stocks, bonds and other traditional investments are just numbers in an account, collectibles actually allow you to enjoy them as you wait for their value to increase. And that once again, speaks to actually the main reason most people get into collectibles in the first place. Because they have a particular passion it also speaks to another unique kind of value that collectibles have which can complicate their value as financial assets. Of course, what I’m talking about is sentimental value and I’ll discuss that a bit more later on in the show also. I’ll also share what some experts say are smart collectibles to be investing in these days that many experts think that might just have a higher than average chance of appreciating in the years to come. And I’ll point out some of the specific risks of investing in collectibles and talk more about why it’s not really a viable financial strategy for your basic retirement goals, despite how enjoyable and yes even potentially lucrative it can be. Mark Hall Patton, is one of the country’s most renowned experts on twentieth-century artifacts, antiques, and collectibles. He’s administrator of the Clark County Museum system in Nevada but is best known as the go-to expert on the History Channel’s hit show Pawn Stars. Over the years he’s been called upon to establish the authenticity and historical significance of a wide variety of items brought to the world famous Gold and Silver Pawn Shop.
**Disclaimer: Sound Income Strategies, LLC is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Past performance is not an indication of future results. Be sure to first consult with a qualified financial advisor or tax professional about your specific financial situation before implementing any strategy discussed herein.