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#1
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Thanks guys,
I appreciate your thoughts and advice on this. I ask this question because I have about 20-25 graded cards of his sitting in a box and I was wondering if I should sell them now or hold them for the future (20-25 years from now) in hopes of making more money like people did in the Kobe spike of prices. |
#2
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Quote:
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 04-19-2023 at 07:11 PM. |
#3
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Best advice by far.
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- Justin D. Player collecting - Lance Parrish, Jim Davenport, John Norlander. Successful B/S/T with - Highstep74, Northviewcats, pencil1974, T2069bk, tjenkins, wilkiebaby11, baez578, Bocabirdman, maddux31, Leon, Just-Collect, bigfish, quinnsryche...and a whole bunch more, I stopped keeping track, lol. |
#4
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Jordans will probably go up for a brief period when he eventually dies, creating an opportunity for people to profit off of his death.
This period will probably be very brief, historically it does not last unless the dead person seeking to be profited from died in exceptional or unusual circumstances. $50 Jordan cards are unlikely to bounce up very much. One would probably make more money with the right Jordans (the sneakers) than their Jordans (the cards). There will likely be some monetary gain, probably not large, in its value over time before his death. Jordans are unlikely to outearn what one could earn through an index fund investing that cash for the next 20-30 years instead. I have heard from the board that SPY or picking your own stocks is a bad choice though, and that collectors should immediately empty their 401K's, take the massive tax hit losing a large percentage of that cash immediately, and buy the cards our resident pumpers are invested in. You should also take out loans if you cannot afford to buy the pump desired cards in cash, so that you can make the most money in the end. This is not financial advice |
#5
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Quote:
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 04-20-2023 at 11:56 AM. |
#6
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Damn, I should have asked your advice earlier. I blew my money on FRC calls and GME puts. It’s fine, my collection of Jason Dominguez Bowman paper base is going to bless my bankroll.
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#7
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I wonder if the same logic applies to a Michael Jordan autograph? I have an Upper Deck authenticated and witnessed Sports Illustrated cover that is autographed. A few times through the years I have wondered what would happen after his eventual demise. The way he drinks it could be sooner rather than later. If you saw the Last Dance documentary his eyes were bloodshot throughout most of it. I'm afraid he is headed the way of Mickey Mantle.
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#8
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Quote:
can also sell 20 % upside covered calls as well.. |
#9
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I imagine that depends on what you would do with the money. If you are going to feed your family with the proceeds, seems like a clear "sell now." If you are going to use it to create memories for yourself and/or your family, "sell now" still gets my vote. If you are going to use the money to buy other cards that you want more, that is a third vote for "sell now."
If you are going to sell them to buy other cards you want to hold as an "investment," then it is like moving the chips on the roulette table from one number to a different number while also cutting the IRS in on your gamble. If you like to play for the death spike, I imagine you could trade your MJ cards for Koufax and Mays and increase your odds. |
#10
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Thanks guys. I appreciate your thoughts on this. Leaning towards selling them and buying cards for my PC. Just didn’t want to make the mistake of selling them now for maybe $50 each and kick my self in the $&@ later when perhaps that $50 per card is now $1,500 per card! (Like during the Kobe spike) but then again it wouldn’t hurt to box them up and throw them in the closed for 20-25 years to see how it turns out. What to do! What to do! I’ll have to think this out for a minute!
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#11
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Your $50 Jordan cards are not going to sell for 30x. Buy something you like more, or actually invest the money in the stock market.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 04-19-2023 at 08:25 PM. |
#12
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Thanks Peter, I think I will sell them now and use that money to fund some new cards for my PC. Thank you!
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#13
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Offer them here on the B/S/T. Avoid eBay fees.
You will get let's of takers. It's largely a very reputable and trustworthy community that trades/buys and sells here. Good luck with what ever you decide. RayB
__________________
Legacy Board Member Since 2009. Hundreds of successful transactions here on Network 54. Buy/Sell/Trade with Confidence. |
#14
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or buy a warhol ok sorry
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