Bad Longterm Investments

Money/Finances - Making Money
By: IzzyDuncan    
25-Jun-2014
  • 01

    Cars and Vehicles

    The popularity of cars and other kinds of vehicles shifts over time, and your major cash purchase of a collector car may just end up without a bidder at auctions when collector trends change. If you must invest in a vehicle, select one that is in pristine condition with little need for restoration. Avoid driving the car. A wrecked or damage vehicle brings little or no return for your investment.

  • 02

    Toys

    It's hard to tell what toys are going to have the legs to increase in value. Trends push demand, and unless you plan to roll over your toy purchase during demand times, it's best not to select this category for longterm investments.

  • 03

    Boats

    A boat is not a longterm investment. It's a hole in the water where you pour your hard-earned cash. Boats, even in dry dock, take cash to maintain and lose value over time when not keep in good operating condition.

  • 04

    Clothing

    If you're planning to wear the clothing, then at least you'll have fun with your new purchase. Clothing, even vintage items from films, cannot guarantee a high rate of return.

  • 05

    Furniture

    Furniture is like clothing and cars, tastes change over time and furniture design, unless you have a one-of-a-kind item from a famous designer or decorator fluctuate wildly. You'll need to watch the market carefully to unload this type of investment in the future to hit the high mark for returns.


Comments

  • IzzyDuncan 6/29/2014 Flag This Comment

    Love watching the TV shows that give prices over time. Some toys increase in value, while others decline dramatically. Condition is an important issue for investments, and toys typically are tough to keep nice -- and hang onto the packaging or box.

  • JennyHeart 6/27/2014 Flag This Comment

    i do agree with your list. Toys would be one of the hardest to determine their value in years to come in my opinion. H5.

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