Passion investing — putting a percentage of your wealth into something you love — has become highly popular over the past decade or so. The concept is so well accepted that many investment advisors are suggesting that their clients allocate a fixed percentage — perhaps 15 to 20% of their wealth — in this investment category. What’s a passion investment? Typically, it’s something you’d spend your money on even if you weren’t considering it as an investment, which then grows over time as you recognize the value that’s being created by your collection. Here are some of the leading types: … [Read more...]