2009/03/13

Alternative investments: Art, antiques, wine and anything odd?

With falls in the stock market and savings rates sitting next to zero investors are looking at areas normally thought of as a little bit wacky.

Putting cash in alternative investments such as art is not limited, however, to the Russia oligarchs buying an odd Monet or collectors stacking up old coins.

Data from the British Bankers' Association (BBA) show the UK's savings accounts were being emptied in January, with the body noting people were now looking at "alternative financial products".

What alternatives people are choosing is not clear, but it is certain people are looking further afield – at areas such as art and antiques.

Many antique collectors are collecting as much for the joy of owning a piece as its investment. With this strong interest, is it worth investing, or are judgements likely to be skewed?

Read the whole story at: www.myfinances.co.uk
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