In the 1990s, Chris Robinson spent an estimated $100,000 stockpiling Beanie Babies.
The Los Angeles man planned to resell his vast collection and fund his five kids’ college educations with the profits. Unfortunately, the Beanie Baby market crashed, and Robinson was left with nothing to show for his “investment” but tie-dyed bears and purple platypuses.
So why choose teddy bears over actual college funds?
Because he got a thrill from buying stuff. And he liked the idea of this stuff making him rich someday.
Collecting as a hobby is fine. But when it turns into an obsession and costs your retirement fund or your kids’ college fund, it becomes a serious problem. Here are 10 more collecting trends that fell out of fashion before they ever paid off.