Quote:
Originally Posted by Dpeck100
I was just having a brief discussion last night with a neighbor about the rate of return that can be achieved in cards and it is astonishing. You don't have to have a lot of money to at least see a positive return on the funds you spend and you get the benefit of owning the hard asset. Buying a card for $20 and selling it for $50 isn't going to change anyone's life but find me another area where the investment minimums are so low and the percentage returns can be so outsized. I don't know of one.
|
Doesn't "astonishing" make you nervous? Doesn't this feel a lot like the early 90's when everyone was buying cards and card shops were everywhere and everyone thought you could pay for your kids' college with cards?
Today we have a gazillion online auction houses. Ebay prices continue to only go up. People are entering the hobby only for the investment.
I dunno. On the one hand I love seeing prices increase, but right now seems like a great to sell - not buy.