It feels like people have different opinions of what "burning a hole in your pocket" means. I took it as you have to be set in life to have $1.3M just burning a hole, so investing wouldn't come into the thought process.
If I just had $1.3M for nothing in particular, I'd just start giving it to relatives, but that wasn't an option.
I have zero interest in owning real estate, especially since I'd already own something in this scenario of being set in life.
I have a Babe Ruth bat that was used in the original Babe Ruth movie. I also don't really collect memorabilia.
I collected T206 cards for years, so this was an easy choice for me. I picked the Doyle card. If in theory I'm willing to give away the hole-burning money, then I wouldn't care if it lost value over the years.
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