Posted By:
Frank WakefieldIf you don't use the watch and want to sell it, fine. And if you collect baseball cards, fine.
If you are investing for the long term, eg kids' going to college, retirement... then I'd suggest selling the watch and investing in mutual funds. Card collecting should be a hobby. It is nice if the cards hold or increase in value, but that is not a reason to collect cards. Read up on Tulipmania... there was a great article on it in a Smithsonian Magazine about 35 years ago. Baseball cards are not sound investments. The tax laws don't recognize baseball cards as an investment. I have stock in Tiffany, Coca Cola, Disney, Biomet, Guardian Technologies International, Inc... but not because I "collect" stocks.
So specifically to your question should you sell the watch to buy cards... no. Not for an investment.