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Stamp Collecting Not An Investment
Stamps have been in and out of the media of late. In June an 1856 one cent British Guiana Magenta stamp fetched around $9.5 million at auction. The selling price no doubt put rare stamp investing into the media spectrum. No doubt you can read any number of articles pushing stamps as an investment.
It is likely that many collectors dream of selling their stamp collection for a huge profit and retire to a beach setting living the high life. Unfortunately this is a pipe dream for these collectors.
Investing in rare stamps is not for the faint hearted. Most collectors are headed for a rude awakening when they eventually sell their prized collections. Most stamp collections are not worth the big bucks envisioned by their owners.
Bond king Bill Gross is reputed to have spent millions investing in rare stamps and has made some money doing so. In order to achieve this, he has had to become and expert of sorts on rare stamps and their value. He brings to rare stamp investing the same expertise he uses in the bond market.
Rare stamp investing is not for amateurs. If you are going to invest in rare stamps, be prepared to do a lot of research and studying. Do not drop a nickel into stamp investing until you know what you are doing or else you are going to lose big time.
Start collecting stamps as a hobby and get your feet wet as they say. Figure out what types of stamps really get you excited and specialize on these. Investigate who really pays the big bucks for such rare stamps as the one mentioned in this article.
See what your research turns up and see if you can emulate this over time. Of course the buyer’s at many famous stamp auctions are not readily revealed. I have come across a number of articles that make it seem like investing in rare stamps is a better investment than stocks. Nothing could be further from the truth.
No where do these articles give any indication of just how much of an expert you really have to become to invest and make some serious money. I am not saying do not give up on your dreams of making money from your stamps. Just do it in a sensible manner. Start collecting as an hobby, not as an investment platform. Rare stamp investing is a high risk venture
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