iRobot
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Post by iRobot on Mar 18, 2024 17:18:59 GMT
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Post by Ace on Mar 19, 2024 17:28:42 GMT
Over 10 years only one of the ten chosen luxury goods investments would have produced a better return than the chosen stock market comparator.
10 years ago, could you have confidently picked which one it would be?
If you'd diversified equally across all ten you would have done considerably worse than a tracker in the chosen stock market comparator.
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eeyore
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Post by eeyore on Mar 19, 2024 19:14:11 GMT
I'd add that a simple calculation of purchase price to sale price ignores the purchasing & sales costs (buyer's & seller's premiums at auction), the costs of storage and insurance over ten years, etc. Whereas the "costs" of investment in equities shouldn't amount to more than about one percent or so over the ten years, dwarfed by the impact of capital gains tax. Perhaps that's really why these investments appeal to the wealthy - "is it liable to CGT?"
All a bit irrelevant to me - I'd never manage to reach the minimum investment threshold to buy a Picasso...
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travolta
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Post by travolta on Mar 19, 2024 22:05:47 GMT
18thC Derby paid eldest son's school fees .
(Go for figures and animals in near mint codition )
Similar Stig Lindberg Ceramics/ similar 1950's scandy stuff.
It helps if you like what you buy,so you can live with them for a decade or so.
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