Saturday, July 25, 2009

Investing In Postcards

There are lots of people looking for alternative investments these days. There's a fine line between investing and collecting sometimes, but at least if you buy something you love you get some enjoyment out of it - even if it doesn't appreciate in value much. Richard Morrison of Canada's Financial Post recently called and asked about "Investing in Postcards". The article mentions a few specific cards & topics that always are in high demand, and seems to draw the conclusion that postcards are best left for collectors, not serious investors.

I don't think postcards are that much different than other inves-tibles like Art, Guitars, Classic Cars, and other similar items. They are a bit different than coins & stamps though - since coins and (unused) stamps will always have at least face-value. Like other collectibles you need to know what you're doing if you are buying strictly as an investment - but is this really that different than stocks, bonds and commodities? Collectibles follow the same kinds of ups & downs as other markets, and there are similar risks - but at least postcards can provide some enjoyment as well as asthetic and historical value.