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Unusual investments 'not the answer'
23 January, 2008
Anyone seeking to avoid potential turmoil in the financial markets should not turn to unusual investments, one expert believes.
Jason Butler, a partner at Bloomsbury Financial Planning, said that people should not expect to get a reasonable return on things such as wine and antiques.
He said: "Don't confuse enjoying assets which may or may not go up in value with investments which are liquid traded. You're not comparing apples with apples.
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"You can't go sawing off the leg of a table and cash it in in difficult times, can you?"
Butler also said that people should remember the "fundamental tenets" of the market when things got tough.
He said that people must continue to buy low and sell high, something people sometime forgot.
Anyone looking for a "safe" investment should look at National Savings certificates, he added.
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In December 2007 Decanter magazine reported that over the course of the year fine wine had increased in value more than any other investment except oil.
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