Quote:
Originally Posted by Bocabirdman
If you collect cards for the fun of it and eventually sell them for less than you paid for them, it can be viewed as, "Hey I enjoyed my time in the hobby and got a good piece of cash back.". If the same negative cash flow occured after holding them as an investment you would feel bad about the whole affair.  |
Mike, I don't think these are mutually exclusive thoughts. I enjoy my Babe Ruth RC immensely, but if I got back half of what I paid, I don't think I'd be happy just to get back a good piece of cash, even with the enjoyment I had owning it. But maybe it's just me. This is a hobby, but it's also a business with tremendous worth. Card collecting isn't Las Vegas, it's a calculated risk in a tangible asset of value. Any item in the world you're putting money into, you'd want to get back some return whether you could afford to lose the money or not. My cards give me much enjoyment, but also give me another asset class in my long-term investment portfolio. I'll tell you in 20 yrs how it goes!