Money Clinic with Claer Barrett
Do sneakers deserve a place in your investment portfolio?
Jul 9, 2024
Guest Howie Schwartz, Co-founder of Always Legit, discusses if sneakers can be investments. The episode explores the rising trend of sneaker collecting, the profitability of the sneaker market, and the challenges of investing in limited edition releases. Insights are shared on managing sneaker portfolios and the comparison to traditional investments like wine and art.
27:51
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Quick takeaways
- Sneakers offer alternative investment potential mirroring art and wine, attracting investors seeking uncorrelated assets.
- Always Legit provides AI-managed sneaker portfolios for high returns but warns against high transaction costs.
Deep dives
Sneaker Market as Alternative Investment
Investing in collectible sneakers has emerged as an alternative investment opportunity, mirroring other collectible assets like art and wine. Sneaker market's growing sophistication and projected $6 billion resale value attract investors seeking uncorrelated assets. While sneakers can offer returns, transaction costs can erode profits, cautioning against treating them as traditional investment avenues.
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