Investing In Fads is a Bad Idea.
Do you remember Beanie Babies? Those cute, lovable, bean-filled stuffed animals that every kid just had to have in 1996? One family remembers them all too well.
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In a short documentary entitled “Bankrupt By Beanies,” Chris Robinson details his family’s regret after sinking $100,000 into the Beanie Babies craze. His father maintained five separate collections, hoping the “investment” would put his kids through college. Unfortunately, that never happened.