A valuable review of "Alternative investment: making money off the stock market"
During the economic recession of September and October 2008, most investors lost a lot of money due to a huge banking crisis that caused the stock market to crash. For those who had most of their money in the stock market, the collapse turned into a catastrophic nightmare. In many cases, people lost everything, not only in the stock market, but in most other investments as well.
In 2012, financial researcher Robert Cancellaro published a book that challenges what most investors would say, “No.” “Bad idea”, “It won’t work”. Alternative Investing: Making money off the stock market introduces a revolutionary idea that “collectibles” are better investments than traditional investments, such as the stock market. Collectibles have no financial ties to the stock market, but they do have the financial strength to make money.
Cancellaro investigates seven categories of collectibles that have historically gone up in value. The following categories are known as tangible assets: items that you can and will definitely keep autographs, postage stamps, precious metals and coins, comic books, sports cards, and investment grade wine. Why did the author choose these “misfit” collectibles as investments? Answer: They have consistently outperformed the S&P 500 by a wide margin.
The seven categories include their own lists of specific items that have steadily increased in value throughout their lives and have consistently attracted shoppers. However, before buying something, it is important to learn all you can about collectibles. The Internet has endless resources; the most important ones are included in Cancellaro’s book. In addition to the Internet, you can visit and search libraries or bookstores to find books that contain general information and price guides.
The keys that drive the values of collectibles are based on the fact that they are tangible. In other words, they can be touched, making them part of the law of low supply and high demand. Therefore, the items on Cancellaro’s list are difficult to find, but they are popular and are loved by many people, increasing their value. For some collectibles, their conditions are extremely important; the better the condition, the more valuable it could be. The items on Cancellaro’s lists are expensive. If you want the item, you may have to pay a lot, but its value will most likely increase over a period of time. Above all, time is your most important ally because the longer you keep it, the more value it adds to your collection. That is why it is important to protect your collection safely from the elements and to remain in the same condition in which you purchased it.
Investment grade autographs, postage stamps, precious metals and coins, comic books, sports cards, and wine can all become part of your investment strategy. You shouldn’t always trust the stock market; it can go up as well as down, while the values of collectibles have remained more stable. Obtaining information is essential to buying trustworthy collectibles that maintain their value. Not only is it a sensible and smart move now, but it will also protect you financially against the next stock market catastrophe or global financial crisis. Additionally, Cancellaro lists specific recommendations on what to buy in all seven categories. When the economy crashes next time, don’t waste your money on the stock market. So choose wisely, buy and hold an alternative investment.