Quote:
Originally Posted by Peter_Spaeth
I don't want a fractional anything but it's not really the same, presumably the Gretzky Wagner would be a much more material part of a card syndicate's portfolio than it would be of a publicly traded corporation's assets, and therefore in the former you might expect to profit from it but not in the latter.
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Aaahhhh, Peter, now that is one difference I was trying to keep out of it, the investment side. If someone just truly wanted to own a piece of the Wagner, either way, the person buying into a corporate owner or a card syndicate owner would end up with what they wanted, an ownership piece of the Wagner card, right? Now if they wanted a bigger piece of it, they could always buy more stock in the corporation, or more units in the card syndicate. But I don't think there'd be much difference in such an owner's eyes between owning say .000001 or .00001 of something. At that level I think such a person would/should be happy to own any nominal interest in a card such as the Wagner, no matter how small.
But if you're talking about buying in as an investment and to make money, that was not the ownership aspect I was referring to. So hopefully then you'll agree that I'm right with my original statement if you take the investor from the conversation. But if you are looking at it from purely the investment side, I agree with you, you're probably better off if you can buy in through a card syndicate.
(And I also wouldn't want to own a fractional interest either way like that in any card, just like you.)