Quote:
Originally Posted by JustinD
I sold a good chunk of my high dollar items in the past 24 months as I do not trust in this market whatsoever. I believe I can take a nice profit and buy it back at less in a few years. This is personal opinion and I am positive that many people disagree, but it's the belief I have. I also have not added anything over 4 figures since pre-pandemic. I have zero FOMO with the current market and instead fear of regret.
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Way to vote with your feet (and your wallet)! Many of us are far too craven to make that move.
As I mentioned above, I was tempted to sell one of my high priced items, when the market soared to about $350k for it. But based on my math, after taxes and auction fees (even if I could have negotiated for really low auction costs), I would've cleared about $200-250k. So I decided I was better off just letting it ride, rather than trying to sell high and then buy it back later for less.