Over the last two days, we’ve talked about some questionable investments, from buying a song’s royalties to signing up for bank accounts to claim their bonuses.
Today, for the last email in this series, I will talk about investing in toys.
Yes, I know. What the heck, right?
Well, it turns out that toys are one such item that some risky investors will try to bank on, and sometimes they’re right.
Before I go on, I want to note (again) that I am not recommending or endorsing the idea of investing in toys. You should make major investment decisions with a financial advisor – or by thorough research if you’re a DIYer.
Now, moving on. Yes, some toy investments can be lucrative. Still, there is also a high probability that what may seem like a guaranteed win could fizzle. Then you’ve got a pile of plastic or stuffed animals that aren’t doing any favors for your bank account, even if they look cute or cool (we’re looking at you, 1980s Transformers and 1960s GI Joes!)
Don’t get me wrong, if you collect these things for nostalgia purposes, that’s one thing – but don’t rely on them as a potential future income stream.
Whatever you may be planning to invest in, the opinion of a financial advisor can make all the difference. Money is the name of the game for us, so why not give us a call at 513-563-PLAN (7526) or click here to book a 15-minute chat with us?
Nikki Earley, CFP®