Offbeat investments on rise amid stock concerns
- On 04/12/2008
- In Auction News
With the stock market struggling, some people have found new ways to invest their money.
Daniel Sedwick is a rare coins and artifacts dealer in Winter Park. He said business is good, despite the recession. He specializes in artifacts and shipwreck coins.
Sedwick said that the sinking economy is making some people turn to more offbeat investment options because specialty items tend to hold their value.
"It’s dangerous to think of it as an investment, but the fact is, it’ll never be worth zero," Sedwick said. "It’s not like stock -- where you invest in it and one day you wake up to find the markets crashed and you have nothing."
Financial planner Jason Chepenik said he has heard of people investing in rare artifacts, but he does not recommend it. He said people must continue to think long-term with their investments.