You probably remember that sticker that they used to put on VHS tapes at the old video stores (remember Blockbuster?), with that one simple request:
Be kind, rewind.
An unforgettable classic. But, despite being a classic, VHS tapes have gone the way of the dodo in favor of higher quality formats throughout the years, moving to DVD, Blu-Ray, and landing where we now sit, on 4K Digital.
It just proves that trends and what seems so well-established can fade into obscurity – winding up as dusty keepsakes in attics or as the prized collection of a retro enthusiast.
Although forgotten by most, enthusiasts have spent hundreds or even thousands on a collection of VHS movies that are now worth little more than a couple of dollars at your local thrift store.
But, hey, it seemed like a good investment at the time, right?
There’s nothing wrong with having a collection of nostalgic favorites – whether it’s VHS tapes, books, figurines… whatever tickles your fancy. You just want your overall investment habits to be sustainable and grow your net worth so you don’t outlive your money.
A financial advisor can help you with those decisions and help you avoid the pitfalls of investing in a financial fad you may want to hit the rewind button on down the road. Be kind to your future and call 513-563-PLAN (7526) (or click here) to book a chat to get started today!
Nikki Earley, CFP®