Quote:
Originally Posted by Mark17
So, suppose you, over the years, paid $40,000 for your collection that's worth about $100,000 today. You're $60k ahead. Assuming your income and overall finances support it, you've got a $60k budget to work with.
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Of course you are not $60K ahead, unless you sell. If I bought a card for $1k in 1998 and its worth $30k now, I don't really have $29K to spend, and I shouldn't really unless my financial situation warrants it, meaning I have $29k in discretionary savings. Because my fear is that while someone like me might have paid $1k for a card in 1998, I think now, many (most?) people buying a card for $30k are doing it more as an investment believing that in five years they can sell it for $50k. Not that they value owning the card for $30k.
I'm not sure this can go on forever.