View Single Post
  #6  
Old 05-28-2022, 09:10 AM
x2drich2000 x2drich2000 is offline
(DJ) Rich.ard.s
 
Join Date: May 2009
Posts: 2,252
Default

Quote:
Originally Posted by Rhotchkiss View Post
Good question. I say the stock market, but only bc it’s so beat up right now and top cards are so expensive. On the whole, I think the 52 mantle beats the stock market, but timing matters, and right now I think stock in top companies presents a better buying opportunity (“deal”) than blue chip cards, which are sitting at all time highs. .

Tax wise - under current tax code, the sale of stocks held for one year is a better tax result than the sale of a collectible held for investment.
100% agree, I would also add that we don't know much about the client other than they are "high end". I would assume the client has sufficient assets elsewhere but without knowing for sure I wouldn't act on that assumption. IMO it would be irresponsible to suggest the Mantle if the person doesn't already have a well rounded portfolio. From an investment prospective, the Mantle lacks the flexibility to withdraw a portion of the investment if needed. For that reason, without further info, I would take the stocks to protect the person when life happens to them.
__________________
Current Wantlist:
E92 Nadja - Bescher, Chance, Cobb, Donovan, Doolan, Dougherty, Doyle (with bat), Lobert, Mathewson, Miller (fielding), Tinker, Wagner (throwing), Zimmerman
E/T Young Backrun - Need E90-1
E92 Red Crofts - Anyone especially Barry and Shean
Reply With Quote