AaaWWWwwww!!!
But what if you bought corning at 12.00 and it went to one?
More people lose money in the market than make money as you should know if you are an investor.
Brokers are wrong about 80% of the time, they make their living off others buys and sells, not owning stock themselves for the most part.
If you are not a collector, you'll answer that you will use them if you buy them.
I have some knives bought as investments, but you have to realize they are long term investments and not something you'll make a lot on in 5-10 years usually. Mine are there for part of the retirement enjoyment in about 15 years and they will be cash sells so old Uncle gets cut out of the equation.
The right purchases of knives as investments will never go down over the long haul. The rarer the knife, the more it will be worth eventually to you or your survivors.
As in all collectables, rarity, then condition controls the value. Having both rare and NIB gets you there most assuredly, unless you think knives will fall by the wayside and become unpopular in the future [ unlikely ].
You only need choose wisely initially and let it sit new to make money over the long haul.
People who bought Scagels, Serles, and such 20 years ago for 100-300.00 are looking at these worth somewhere in the neighborhood of 2000-4000.00 today. Rare to begin with, no more being made, they become good investments [ in cash ].
Lets take guns--I own three preban m1a's.
Two cost me a mere pittance of a few hundred, now they are worth 18-2500.00.
Old Colts--ww1 and ww2 originals in 80-95% condition. One [ the 1942 Colt ] cost me 400.00 in "90", worth about 18-2000.00 today.
The ww1 cost me 1600.00 5 years ago, today at least 2600-2800.00 These are cash when I sell them.
The idea is to diversify your investments, know what you are buying, do the research, buy the best you can afford and stick them away. They'll appreciate considerably and do it year in and year out.
I have users and put aways in guns and knives. One must know what will be worth more due to demand and have patience and the time to allow them to grow in demand.
Think them Colts are ever going to go down in value? Think the Serles, Scagels will ever be less than they were purchased for?
You don't have to be a collector, but if you like a certain theme, like knives, have the cash to buy the right knives and the time to wait on them, they'll be part of the retirement [ in cash ].
How about that Bagwell Belle of mine. When Bill has gone to the big kahuna in the sky, I can guess pretty accurately they'll increase 2 maybe 3 times what I paid. As he is not 20, nor 30, or even 50 now, how long before they increase to those levels. Timing, you have to look at the big picture and have the time to wait.
Knives are bad investments if you pick the wrong knives to collect [ like stocks ]. They can be enjoyed, admired, and be a source of income when you need it.
Brownie