Phil's situation as he describes it is one in which he cannot take risks. That changes the analysis completely in my view. If you can afford the downside risk, sure there are collectibles that are potentially great investments. And they are fine to own in a diverse portfolio. I hope I own some myself. But someone with no reserves on which to live should not be in collectibles exclusively or even to any significant extent and maybe not at all. The name of the game for Phil should be safety.
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Last edited by Peter_Spaeth; 08-31-2023 at 12:41 PM.
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