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Apr 4

Collecting, Investing and Banking

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Van Halen—5150 Sealed VMG 8.0!

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Here’s one for the collectors—an original 5150 pressing, still sealed and graded VMG 8.0! Featuring the iconic hype sticker, this copy is a time capsule from 1986, when Van Halen debuted the Sammy Hagar era with hits like Why Can’t This Be Love and Dreams.
Sealed copies in this condition are getting harder to find. Will you grab one to slab and one to blast?
#VanHalen #5150 #VinylCollector #SealedVinyl #VMGGrading #SlabYourWax

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Gen Z Investors Shun 60-40 Portfolio for Sneakers and Rare Cars, BofA Says

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www.bloomberg.com

Gen Z Investors Shun 60-40 Portfolio for Sneakers and Rare Cars, BofA Says

The new rich are trading long-standing investing tactics for more crypto-heavy portfolios and a passion for collectibles.

Fascinating Bloomberg article (paywalled).

A few of the nuggets I found interesting:

Roughly 94% of Gen Z and Millennial investors are interested in collecting items such as watches, rare cars and sneakers, according to a new survey of wealthy Americans by Bank of America Corp. It was the highest rate for any generation surveyed, with only 57% of Baby Boomers expressing interest in collectibles.

Younger wealthy investors hold roughly the same allocation of stocks, bonds, alts and crypto, regardless of whether they self-identify their investment strategy as aggressive, moderate, or conservative.

Thoughts?

https://www.bloomberg.com/news/articles/2024-06-18/gen-z-investors-shun-60-40-for-sneakers-and-rare-cars-bofa-says?embedded-checkout=true&utm_source=substack&utm_medium=email

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