|The HP-35 and collectibles as investments|
Message #12 Posted by Karl Schneider on 31 Dec 2010, 8:42 p.m.,
in response to message #8 by Eric Smith
Collectibles of all kinds benefit from this lack of good investment vehicles.
Yet another instance of the "Greater Fool" theory.
Generally collectibles are a terrible investment, because it is impossible to predict which collectibles will actually gain significant value. Most don't even match the rate of inflation.
Perhaps a somewhat-harsh assessment, there.
I suspect that most people who buy collectibles with some of their discretionary income, during times when conventional equity investments seem not very promising, are choosing to indulge some "wants" rather than to invest more heavily in 'serious' things.
As far as collectibles that appreciate or at least hold their value: Never underestimate the allure of things that remind affluent people of their youth, especially things that were expensive and unobtained back in the day. Rarity and condition are also important for determining price, as always.
Now then, to pay US$1000 or more for a "Red Dot" HP-35 seems quite absurd to me. Yes, it's the original edition, and it might have a computational bug, but I never have quite understood its particular desirability. The last (fourth) edition is the best one, anyway...
Edited: 31 Dec 2010, 8:47 p.m.