The Handbook of Alternative Assets: Making money from art, rare books, coins and banknotes, forestry, gold and precious metals, stamps, wine and other alternative assets

The Handbook of Alternative Assets: Making money from art, rare books, coins and banknotes, forestry, gold and precious metals, stamps, wine and other alternative assets

by Peter Temple

Hardcover

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Overview

The Handbook of Alternative Assets: Making money from art, rare books, coins and banknotes, forestry, gold and precious metals, stamps, wine and other alternative assets by Peter Temple

How to invest money in secure, high-return assets
Alternative assets offer a proven means of diversifying your financial portfolio away from the volatility of the markets. In the past, investors have looked to property, hedge funds or private equity to accomplish this - but the safety and high returns they sought there have perished in the wake of the 2007-2009 financial crisis. As an antidote to this, experienced investment writer Peter Temple here introduces those tangible, and often portable, assets whose returns are impressive but whose value is not so subject to unsustainable bubbles or precipitous collapse.
Including everything from fine wine and rare books to stamps, art and diamonds, these alternative assets can serve as a store of value in the good years as well as in troubled times. Often with restricted supply they offer real security of value. And, though their value is concentrated in capital growth, their liquidity is often impressive; and their aesthetic appeal enduring.
A detailed overview of each sector is presented, including:
- the size and shape of the market, and its key historical and modern trends
- collecting areas and portfolio strategies for investors of all sizes
- the degree of volatility or cyclicality in the market, as well as its liquidity
- the long-term returns that can reasonably be expected based on the past
- whether or not there are tax advantages available
- how best to buy and sell, and through whom.
The book also provides extensive directory resources for where to go for more information - and where to start investing - with each tangible investment area.
This comprehensive and authoritative book shows investors and their advisors how they can use tangible assets as a means of diversifying a portfolio and securing wealth for the long term. It is an essential handbook for anyone interested in making rare, valuable and often beautiful possessions a part of their investment strategy.

Product Details

ISBN-13: 9781906659219
Publisher: Harriman House Publishing
Publication date: 06/30/2010
Pages: 276
Product dimensions: 6.20(w) x 9.30(h) x 0.90(d)

About the Author

Peter Temple trained as an economist and statistician. He has been working in and writing about financial markets for almost 40 years. After an 18-year career in fund management and investment banking, he became a full-time writer in 1988.
His articles appear in the Financial Times, Investors Chronicle and a range of other publications and websites. He has written more than a dozen books about investing, mainly aimed at private investors.
He and his wife live in the English Lake District.

Table of Contents

About the Author vii

Acknowledgements ix

Alternative Investments and 'Portable Wealth' xi

Why Look at Alternatives? xii

What Alternatives? xxii

1 Art 1

Basics 1

Collecting Areas 7

Condition 18

Security Measures 19

The Right Alternative Asset for You? 20

Returns 22

How to Invest 25

Where to Go for More Information 27

2 Banknotes 41

Basics 42

Collecting Themes 46

The Right Alternative Asset for You? 48

Returns 51

How to Invest 52

Where to Go for More Information 53

3 Books 59

Basics 60

Collectable Genres 62

Identifying a Rare Book 66

Condition 69

The Right Alternative Asset for You? 71

Returns 75

How to Invest 78

Where to Go for More Information 79

4 Coins 89

Basics 91

Condition 94

The Right Alternative Asset for You? 97

Returns 100

How to Invest 102

Where to Go for More Information 104

5 Diamonds 115

Basics 117

The Right Alternative Asset for You? 126

Returns 128

How to Invest 130

Where to Go for More Information 132

6 Forestry 137

Basics 138

UK Tax Benefits From Forestry 140

The Right Alternative Asset for You? 143

Returns 148

How to Invest 150

Where to Go for More Information 153

7 Gold 163

Basics 165

The Right Alternative Asset for You? 169

Returns 172

How to Invest 174

Other Precious Metals 185

Where to Go for More Information 186

8 Stamps 193

Basics 195

Condition 199

The Right Alternative Asset for You? 203

Stamp Prices 206

Returns 208

How to Invest 212

Whore to Go for More Information 215

9 Wine 227

Basics 228

The Right Alternative Asset for You? 234

Prices and Returns 238

How to Invest 245

Where to Go for More Information 247

10 Auctions and Dealers 255

Auctions Versus Dealers 256

The Essence of Auctions 259

How Auctions Work 260

Online Auctions 267

Dealing with the Dealers 269

Other Sources of Investment-grade Material 271

Appendix - Resources 273

Art 274

Banknotes 276

Books 277

Coins 279

Diamonds 281

Forestry 282

Gold 284

Stamps 285

Wine 287

Auctions 289

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