Invest your moneythe right way, and your overall risk should be pretty minimal.
There are reasons for taking on riskier investments, though.
Maybe you want to beef up your alternatives, for example.
Whatever your reason, consider these factors beforehand.
Over at The Simple Dollar, Trent Hamm specifically talks about investing in collectibles.
For one, they might enjoy collecting these things as a hobby.
Also, the return on these items can be incredibly tempting.
But before diving in to any kind of risky investment, you should consider some important factors.
Hamm offers a few solid bits of advice:
don’t invest anything you’re not comfortable completely losing.
never, ever invest in anything risky if you plan to just buy-and-hold.
A baseball player dies or is elected to the Hall of Fame?
You may want to buy some gold.
Like any investment, you want to give it some thought.
Consider the decision from a few different angles, and then do what’s right for you.
Hamm offers more advice at the link below.
Some Thoughts on Riskier Investments| The Simple Dollar
Photo byrafael-castillo.
