Alternative Investments...any experience?

Ami_Elstein

You spoke about wine and furniture but no one mentioned diamonds?!...

In the past few months diamonds are being mentioned more often than ever - some would even say that they are a recessions best friend.

Saw an interesting video on CNNMoney; search for "Diamonds for investment, love and bling"

Ami
WDC Group

grey_gym_sock

Ami_Elstein wrote: »

diamonds

your post looks rather like a failed attempt to solicit for business. i do hope that wasn't the intention!

atush

I hope not as well.

And anyone knows, Diamonds are a girls best friend. Esp if her husband is friends with a guy named Frank.

niggy2

Personally I think Art is a great investment. At the risk of being cheeky - I am arranging an Art event with donated works from over 100 leading Artists. Check out our web site 'Joss Searchlight'

sabretoothtigger

There is no tax on classic cars. You can in theory buy an old one, restore it and profit a million on the sale. Ideal for the very rich

for many decades.

Many thousands of years, wine is probably similar to gold as an ancient investment. Alot more bulky perhaps and really its grape vines and the land that produce it but wine also I think has been stored for value way before western bank currency and conventional modern investment

collectibles

stamps are a kind of currency. Recently people stored up the 1st marked ones. classic stamps has been done over a hundred years. Coins possibly also

grey_gym_sock

sabretoothtigger wrote: »

There is no tax on classic cars. You can in theory buy an old one, restore it and profit a million on the sale. Ideal for the very rich

well,there's no CGT. but if restoring cars was a business, you'd pay income tax on the profits.

SallySunshine

Vintage sporting items can be surprisingly good investments.
e.g. fishing/shooting.

Actually even new or slightly used items can be considered extremely collectable, especially if you have the original box etc.

Sometimes you never know just how profitable these things are until you check them out e.g. eBay, auctions etc.

Of course, you do have to know what you are doing, plenty of research and I suppose basically an interest in the items anyway. Lots of people, I'm sure, have turned their hobbies into profitable businesses.

However here are lots of fakes about today and even from many years ago. So research and knowledge is vital.

That goes for all investment ideas really.

sabretoothtigger

grey_gym_sock wrote: »

well,there's no CGT. but if restoring cars was a business, you'd pay income tax on the profits.

If it was their sole income but its useful for someone rich who can point to a greater income elsewhere and so pay no tax on private car deals

grey_gym_sock

well, it may not be business, it depends on various factors ... i don't think that a greater income elsewhere is 1 of them, though.

sabretoothtigger

I heard the same thing said of spreadbet.
In theory its tax free but you cant just sit there and earn millions, it has to be a minor part of your income or so Im told