Collecting First Editions for Pleasure or Profit |
If the idea of making money from a hobby appeals to you, then you should consider collecting first edition books. Let me give you a real-life example. If you had bought a copy of the Nobel laureate Seamus Heaney's first collection of poetry, Death of a Naturalist, in 1999 you would have paid less than 300. Today the same book would sell for at least 1,500. Giving you the double satisfaction of owning a valuable, rare and famous book - and of making a 400% profit in under seven years. Nor is this a one-off fluke. Experienced book collectors will tell you that with careful planning it is possible to regularly earn above average returns from this fascinating and enjoyable hobby. However, as with any 'alternative' investment, caution is advisable. You shouldn't invest money you may need back in a hurry or that you can't afford to lose.
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