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Old 04-05-2019, 04:58 AM
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Dpeck100 Dpeck100 is offline
David Peck
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Join Date: Nov 2013
Location: Orlando, FL
Posts: 1,074
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Quote:
Originally Posted by Stampsfan View Post
Not so sure. Not everyone has the guts to purchase stocks when they are deflated, but they seem to pop back up (remember Christmas Eve, 2018). If prices fall off, would people have the guts to buy back in?

This is an excellent point. I am in financial services and many advisors had been telling clients wait for the pullback to deploy cash and when the violent move lower took place they sat on their hands or the clients said lets wait and see what happens.

The other big issue with stocks is the daily volatility can shake you out very easily. With cards at least there is a longer selling cycle generally so in my view they are easier to hold and this is one of the appeals from an investment standpoint.

The hobby is very healthy. When it takes as long as it does to get your cards back from third party graders it isn't because they don't want to get them back to you quickly it is because there are so many being sent in.

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.
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