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Investing in the likes of stocks and crypto can be profitable but dull for many people. Passion investing is all about investing in things that you are passionate about. This typically involves tracking down items that you are enthusiastic about owning that could potentially gain value in the future. If these items gain value, you then have the choice to sell them for profit. If they don’t gain value, you’re left with an object that still brings you joy. It’s a win-win situation. Here are a few examples of passion investments that could be worth considering. 

Vintage Cars

While most cars depreciate, certain vintage models can become more valuable over time. If you’re a petrolhead, this could be a great passion investment to get into. A great way to make money from vintage cars is to buy cars in disrepair and restore them yourself. This is a sure way to add value to these cars, providing that you restore them properly. You can get valuations for certain cars – such as a Porsche 911 valuation – online.

Rare Wines

Love wine? Investing in limited production wines from acclaimed growers could be another way to make some money in the future. If these wines don’t increase in value, well, you can always drink them! Buying a crate of a limited edition and highly rated wine will help you make a more significant profit. 

Artwork

If you have an interest in local art and already know of some potential upcoming artists, it might not be a bad idea to buy some of their work. There is a chance that artwork could appreciate in value if the artist continues to become more renowned. If not, you’re still supporting a local artist and you have some unique artwork to bring character to your home. 

Collectible Toys

From Furbies to Barbies, there are many old limited edition toys that have increased in value over the years. This could be a worthy investment that allows you to reconnect with your inner child. Toys that are unopened and kept in pristine condition are more likely to increase in value. Old video games and consoles can – especially rare ones – can also increase in value. 

Old Books

Are you a voracious reader with a large collection of books? Some of those books could be worth something – especially first editions, out of print titles and signed copies. In fact some first editions of Harry Potter novels have sold for thousands. As with other passion investments, make sure that such books are kept in good condition if you want them to be certain to gain value.

Watches

Watches have long been a popular passion investment. New models from luxury brands like Rolex are almost always guaranteed to increase in value, but can be too expensive to buy for most everyday people. Fortunately, there are many other cheaper watch brands that have seen increases in value – usually limited edition watches. The beauty of these investments is that if they don’t rise in value, you’re still left with a fun fashion accessory to wear and get use out of. 

Vinyl

A fantastic passion investment for music lovers is vinyl. First pressings of beloved records often increase in value over time – provided they are kept in good condition. And you can still enjoy listening to any records that don’t gain any value.

Should You Consider Passion Investing?

Passion investing in a great way to make money out of items that you already enjoy owning. Just make sure that you don’t become too attached to these items when it comes to selling them – this can be the biggest danger of passion investing.