Personal Money Tips

I was passing through a shopping mall today when someone approached me with an investment idea. Normally I don’t stop for such 5 minutes on your feet talk but today, I have some extra time and I let the lady talk.

In less than a minutes, it turns out to be no investment idea at all. Apparently, people will call anything an investment to get you to join them. An anything that even has a hint of possibly potential income is touted as an investment. I highlight the phrase possibly potential inceome. Truth is, what the nice lady tried to sell me was nothing more than multi level marketing. They ask people to “invest” i.e. become a member, buy their products and get others to join. I don’t have anything against MLMs. But to frame the idea that what you are purchasing is actually an investment is hogwash.

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If you think regular investment are boring, you might just want to
consider collectibles as a form of investment. I came across this
article about vintage guitars that are sold for thousands of dollars.
Apparently, baby boomers who lusted after these guitars when they  were
young are now snapping up such guitars, creating a market for them.
Check out the

One heirloom Gibson acoustic sold
for $10,000 at a Boston Vintage Guitar Show last year. An orginal
Fender guitar from the 1950’s can fetch upwards to $25,000 or more.
Good quality vintage guitars maintain their values and are sought after
by collectors throughout the world.

Sutton, MA (PRWEB) June 30,
2006 — New England based Guitarshows.com provides the public a face to
face venue for buying, selling and investing in vintage musical
instruments. Vintage guitar and music gear expos across the East coast
and New England provide passionate hobbyists an opportunity to buy,
sell or trade anything of musical value.

Technorati Tags: off beat investments, vintage guitars