Quote:
Originally Posted by pcoz
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!
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I am not suggesting to overpay for a card then years later, give it away. Also, there is a big difference between a Ruth RC and anything in my collection. If I hold on to 2000 $20 cards and in twenty years decide to sell them for $35000, it is a better return than most other hobbies would yield. My "hobby" would have cost me $400 bucks a year Plus, I would have enjoyed those cards for all those years. No pressure to make a profit. No worrying about the market going up or staying flat.
