In The Money
Q - Time to look at collectibles amid inflation
This fortnightly column addresses readers' queries on investing issues. This week, we look at alternative investments with inflation still going up. With inflation still going up and the stock market so volatile, shall I put some money into alternative investments like Rolex watches or wine? After all, even if prices fall, I can drink up my investment and wear the watch.
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Go ahead, buy that luxury timepiece or branded handbag without guilt pangs. Not only can you enjoy these items but you will also be deemed a savvy investor as well.
Credit Suisse's latest report on collectibles says that such items have appreciated in value and are a reliable inflation hedge too. But in the rush to seize that luxury bargain, many aspiring collectors and investors are leaving themselves open to the risk of being scammed.
