Quote:
Originally Posted by Snapolit1
Honestly doesn't seem that complicated to me. Stock market has had a very nice run for 8 years, which is a very long bull market, and it totally on fumes about to plotz. High end real estate in the big cities has gone parabolic because of foreign money and priced out even a lot of well heeled speculators. Hedge fundies and others have scooped up tons of depressed Florida, Las Vegas, etc. real estate and gotten all the juice out of that lemon. The places to make a quick buck are drying up in front of our eyes. (Forget about interest in banks. We may be paying them soon to hold our money.)
Then one day you settle down in front of your computer and read a Marketwatch.com article about some dude flipping a Mantle card and making 100K is how many months. Or one of the recently discovered troves. And the light bulb goes off. "Holy sht. . . . I can make real money in rare baseball cards. . . . how much fun will that be."
Maybe baseball cards are the new gold. No matter how crappy the economy gets there will only be so many 52 Mantle cards and another Billy Crystal around the corner who wants one.
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Hey you basically read my story lol!
I came into the hobby with after hearing about the 1952 Mantle ROI.
I was a collector as a kid and very passionate about sports cards.
That passion was sparked again after doing a ton of research.
Honestly, collecting cards make me happier than anything else
I do in my life.. besides my family.
I live in Miami and I had a good run at the real estate but
that bubble is about to blow up.
Stocks will be up and down especially with the election happening...
Also real estate, stocks and many other forms of investing
really stress me out.
I came into the hobby around a year ago...
Have I made the best investments with ALL of my cards? NO
Early on I was excited and I bought over priced cards because
to me that amount of money didn't seem like a lot...
Once I started to learn and connected with more collectors
in the hobby I soon was able to narrow in on how I wanted
my collection to be.
I like to collect vintage RC HOF at the highest grade possible.
Now that is my goal...
and so yes I have to compete with whatever shilling is going
on as I am a legit investor/collector.
It use to be easy for me to win cards at auction as I would
just outbid everyone.
But now I am losing auctions left and right because
the prices are going so high.
I do see some concern here.
I did get the Topps 53 mantle last night on HA
and the Wilt SGC Mint 9.. Both I thought were very
nice cards and worth what I spent.
At first I was just going to hold on to all my cards
for years and years.
But now seeing what is happening with a massive spike
in the value of some key cards.
I can't help but look now to flip some or at least that be an option
since now maybe the collecting bubble might burst sooner than later..
and if it does who knows how long if I don't flip some
I will have to wait before the market recovers.
Again I'm new to the hobby but this is my 2 cents.
I just wanted to post because I wanted everyone to know
there are true legit investors like myself in the hobby as suggested.
That came in for the exact reason mentioned above.
Which in my opinion is the natural way a market should grow.
With that big money also comes big ego and so that means
most likely some shilling is happening which is sad.
So like any commodities market this will be one wild wave!
best of luck to you all!