This is the 100th episode of SUCCESS magazine’s podcast, rich & Regular, which explores life at the intersection of money. This episode investigates whether collectibles are worthy investments. From limited-edition Legos and comic books to stamps and sports memorabilia, Kiersten and Julien Saunders explore if sinking money into collections of material items is worthwhile.
Many collectibles do have appreciating value. In this episode, Kiersten and Julien posit some of the challenges that come with acquiring and maintaining collectibles. They share what things to consider when investing in collectibles and provide several tips on ensuring you protect your collection—or at least know how to get reimbursed if something happens (especially with physical collections that are susceptible to catastrophes like fire, flood, counterfeiting and sticky-fingered visitors.)
For digital collectibles like NFTs, which are unregulated by the FDIC and therefore uninsured, what happens when the underlying value of the cryptocurrency you used to purchase your digital product collapses?
The Saunders share the dangers of unregulated markets, whether or not you should insure certain items and exactly how much of your wealth should be tied up in collectibles.
Rich & REGULAR with Kiersten and Julien Saunders is no longer releasing new episodes on the SUCCESS Podcast Network, but you can still listen to the full conversation below.