A portfolio doesn’t have to be just stocks and bonds. You can add something a little more fun, say your favorite vintage baseball cards.
The idea of the perfect portfolio has been shifting for quite some time. The age old 60/40 model is starting to gather dust and many investors are dipping into alternatives like crypto, private equity, and credit. And while passion investments still remain one of the smaller allocations today, investors are beginning to indulge a bit more liberally.
We’re talking about collectibles, which can be as sophisticated as fine art and vintage wine, as geeky as comic books and video games, or as Americana as baseball cards and classic cars. However, as much fun as passion investments can be, especially if you have disposable income, they come with plenty of risks and planning.
The Collector’s Collector
Tom Ruggie is a lifelong collector, getting his first autographed baseball at the age of six during a Phillies-Red Sox spring training game in Clearwater, Florida… Now 56 years old, Ruggie has amassed what Professional Sports Authenticator Magazine once described as “One of the most impressive autographed baseball card collections in the hobby.”
