Many retirees put their money where their passions are—by collecting. But whether you are a neophyte or have been at it for years, it is important to avoid common pitfalls.
According to a recent UBS survey, 25% of Americans with $1 million or more to invest collect items including art, old movie posters and sports memorabilia. Most have spent 20 or more years amassing their collections, which they estimate represent 10% or more of their wealth, on average.
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