â€˜Collecting: passion, pleasure and profit are the main goals for collectors in 2011â€™
Collecting: passion, pleasure and profit are the main goals for collectors in 2011
Collectibles can bring you financial rewards - but did you know they can also improve your health...?
Have you made a New Year's resolution for 2011? Some people decide to become healthier, some choose to take up a hobby, while other people resolve to improve their finances. But how about a resolution which can help you achieve all three...?
I am, of course, talking about collectibles. You may be surprised by my claim that collectibles can improve your health - but the experts agree with me. These include the leading US nutritionist Joel Fuhrman, MD...
He says: "As a rule, [it encourages] both physical and mental activity to keep the mind and body active and creative. In particular, collecting offers you an escape from the stresses of your working life and a chance to focus on total enjoyment.
"When used to re-activate one's social life, hobbies can be a valuable prescription for physical and emotional health," Dr Fuhrman told the website Sports Collectors Daily.
Jaguar E-Types are among the most affordable - and investible - iconic classic cars for sale on the collectors' markets
So, could collecting be your perfect antidote to the financial stresses and ups and downs of 2010? Well, high net worth individuals across the world seem to think so. For evidence, you only need to look at the global markets.
Over in China, fine Bordeaux wines, the Chteau Lafite Rothschild 2008 in particular, is the current drink du jour for Asia's nouveau rich. Meanwhile, India's millionaires - the number of which rose by 51% over 12 months - are investing in collectibles like art, stamps and even ancient swords.
But why - and how does this affect you if you're not a millionaire or billionaire? Well it shows that, after years of bankers gambling with invisible bonds and assets, the world's wealthy are increasingly turning to tangible assets.
Paintings, classic cars andrare wines can't just disappear overnight. Their value can't vanish with the push of the button. And, better still, collectibles offer you a chance to have fun and exercise your passions.
My take on it is this: you've worked hard and saved. So why not enjoy yourself? Even better, why no enjoy yourself with a hobby that can bring you financial advantages? Be it your own art collection, a wine cellar, or a vintage Jaguar E-Type in your garage (which aren't as expensive as you might think).
Japan is healthier and happier thanks to collectibles, says research
"A recent study in Japan showed that elderly people with hobbies were healthier and happier," says Dr Fuhrman, also a board-certified physician and top-selling author.
"Other studies investigating long life and successful ageing have documented 'outside interests', involvement with helping others, and connection with hobbies and interests, all promoted a longer life."
Almost sounds too good to be true, doesn't it? Yet growing numbers of collectors across the globe are proving that it is true - and, based on how the markets performed throughout 2010, we think that 2011 could be the perfect time for you to get involved.
For more details on how to invest your money in something you love contact us today on:
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Here's to a pleasurable and prosperous 2011!