Near the bottom of the market in early 2009 there was an article on a Frankenstein movie poster. this poster was sold for over $100,000.
the person claimed that the poster made a return of 13% a year on average. now before you go out and buy one and solve some of your invesmtent problems, only 9-13 exist, and the one sold was in the best condition. also there are plenty of fakes, also to buy and sell these posters you pay a 20% commission...also in the end you have to hope in the future someone will pay 100,000 for a movie poster.
a few weeks ago when Toronto and New York and a bad week, there was a news item on more alternative investments.
a Gibson guitar from the 1950s, that was worth around 90,000, this went up in price on average about 10-15%, also you can play this...make sure no one breaks it...the market is growing, again you have to buy iit at a premium, and then you have to pay insurance, ect...and watch it, storage.
later will have a post about the non liquid investments you can invest in, and the good and bad, of each.
in the same news article there was a man who just invested in GIC(CD), now twenty years ago that was not a bad idea. you could get 12-13% GIC 1 year, and infaltion was at 8% and falling like a stone. so you are making at least 4% after inflation.
now the artice pointed out that though the returns are small like 1-2% for a one year, and least his money was safe.
that is true however they did not point out that long term this is a losing position, inflation 2-3%, one year gic (CD) 1-1.25%, that does not even count if you have to pay taxes. in a non sheltered account.
later will post some stocks that pay a good div and the div should grow over time...and will beat the returns of the miighty gic (cd)
thanks
selkirk
the person claimed that the poster made a return of 13% a year on average. now before you go out and buy one and solve some of your invesmtent problems, only 9-13 exist, and the one sold was in the best condition. also there are plenty of fakes, also to buy and sell these posters you pay a 20% commission...also in the end you have to hope in the future someone will pay 100,000 for a movie poster.
a few weeks ago when Toronto and New York and a bad week, there was a news item on more alternative investments.
a Gibson guitar from the 1950s, that was worth around 90,000, this went up in price on average about 10-15%, also you can play this...make sure no one breaks it...the market is growing, again you have to buy iit at a premium, and then you have to pay insurance, ect...and watch it, storage.
later will have a post about the non liquid investments you can invest in, and the good and bad, of each.
in the same news article there was a man who just invested in GIC(CD), now twenty years ago that was not a bad idea. you could get 12-13% GIC 1 year, and infaltion was at 8% and falling like a stone. so you are making at least 4% after inflation.
now the artice pointed out that though the returns are small like 1-2% for a one year, and least his money was safe.
that is true however they did not point out that long term this is a losing position, inflation 2-3%, one year gic (CD) 1-1.25%, that does not even count if you have to pay taxes. in a non sheltered account.
later will post some stocks that pay a good div and the div should grow over time...and will beat the returns of the miighty gic (cd)
thanks
selkirk
