You know those pesky Facebook ads that pop up ...like, constantly?
Well, every once in a while something catches my eye, and yesterday I saw an ad for "Collectable", which bills itself as - "The #1 Fractional Investing Platform for Sports".
Considering that for many years during the '90s to '00s I co-owned a collectibles store, and being the inquisitive person I am, I decided to check them out to see if I would be interested in adding yet one more investing app to the ever-growing collection on my smart phone.
Doing some cursory checking, I found out that Collectable is registered with the SEC, and reviewed by a FINRA registered broker-dealer which definitely lends some level of credibility to the platform. In addition, all of the assets on the platform are safely secured, maintained and insured.
For my bonus I received a free share of LeBron James and Carmelo Anthony 2004-2005 Exquisite Collection Dual Logoman collectible valued at $10 (pic below).
Let me reiterate to avoid any misunderstanding ...I did not receive the item itself, I received an investment 'share' in the item that hopefully will be sold for a profit from which I will receive a portion of the proceeds.
Perhaps it's my previous experience with buying, selling and trading collectibles, comics and sports memorabilia but the idea of participating in the transactional sale of high-end collectibles definitely appeals to me.
If you are interested in checking out Collectable yourself you can do that here -