INVESTMENT STRATEGY
COLLECTIN
COINS
R
T
C
SE ILE
PR F
Pádraig Floyd looks at
whether it is possible to
make money from your
hobbies – and, more
importantly, whether it
is sensible
O
wning a sports car or
investing in fine wine are
among the aspirations
many of us foster for when our
boat comes in.
That boat may be closer than
ever before, with new pension
freedoms which allow savers to
access all of their pension at age
55 and blow it on a Lamborghini,
as former pensions minister Steve
Webb quipped when the new rules
were announced.
Although said in jest, many
investors may be considering a
once-in-a-lifetime dalliance. After
all, if it’s your money, why not
have some fun with it?
AGAINST THE GRAIN
Many of these assets are associated
with hobbies rather than “serious”
investment and many fall into the
realm of collectibles.
14
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