In focus
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[ SECTOR PROFILE ]
Pádraig Floyd finds out how you can make money from your hobbies
Collecting coins
A
fter years of relatively
benign investment
markets, concerns about
the coronavirus have sent
investors scurrying for safe havens.
But some investors are not looking
for a safe place to put their money,
nor even in the stocks that deliver the
highest returns, but in more exotic
assets that pique their interest.
specialised areas is not as
straightforward as it sounds.
“The big issue with things like
classic cars is that not every
classic car will go up in value,
so you have to be extremely
knowledgeable on which one
you’re buying and which one is
likely to add value,” he says.
“It’s not like a company where
you can look at the reports and
Not such a bad idea
accounts and go, ‘okay, that company
This is why some people invest in race is making X profit and in scenario ABC,
horses or football clubs. Not for pure
we think this will happen based on the
returns, but for the love of it.
analysis’.
In the past, other specialist assets have “The car doesn’t produce
been regarded as frivolous rather than
anything, so it is
serious investments. Yet research from like gold in that
P2P platform Sourced Capital suggests respect: it is
classic cars, fine wine and coins have
basically only
proved to be sound investments over
worth what people
the past five years, delivering double-
think it’s worth.”
digit annualised returns.
As a result,
However, Adrian Lowcock, head of
Lowcock says
personal investing at Willis Owen,
warns that making money in these
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