Has anyone ever done this? It seems like an interesting way to make money but probably requires a lot of research to get it right.
Sounds interesting/fun, but never really read up on it or even considered it for a second. Do you have any background information? You're right, I'm sure the research would be immense and the risk would be pretty high.
I heard someone mention it on the Dave Ramsey millionaire hour. Dave had never heard of it. I did a little bit of internet searching but it's hard to know what site is really reputable for reading up on it.
No, I stick with index funds. Sounds like it could be a great thing to do with some fun money though! Would take a lot of research.
I researched it a bit and found I knew nothing about the industry, the artists, and was too scared to just buy the rights to some random song. It really seemed like gambling to me.
@Mrs.Groovy yeah, I heard this episode as well. It's a nice vehicle for those who's into music, or has some knowledge/expertise.
For me it's more like daily trading, I mean too risky just because I have no idea what music industry is about.