Fun fact, Megan and I love antique shopping. (I call it junk shopping). You can find us in the west bottoms on first Fridays, at Cargo Largo auctions, or on a backcountry road visiting small mom-and-pop stores.
On a recent trip to Branson, we visited around 20 shops in search of our treasure. At one stop, I noticed a few Beanie Babies and asked Megan about a post she saw about the “most valuable” ones. This prompted her to do a quick Google search and down the rabbit hole we went. Allegedly, we were finding plush dolls worth thousands of dollars for as little as $2.95.
As we continued from one shop to the next, we found more and more of these “rare” dolls. At one point, Megan found 4 of one in one store (see pic). Sometimes this happens when we make investment decisions. We get a tip from a friend at work or see a post online of the next Tesla or NVIDIA. We don’t want to miss out. And who wouldn’t? We’ve all had the thought, that if I had bought Apple stock that one time I’d be a millionaire.
It’s okay to make a bet on a long shot but make it a reasonable one. You know the old saying, don’t put all your eggs in one basket. Megan spent a little over $100 on her Beanie Babies. As her financial advisor, I mentioned it might not be the best retirement plan. She agreed. However, it was worth every penny for the fun and laughs we had along the way.
The Beanie Babies now live in a box in the basement. We’ll see how much they’re worth in 20 years.
