Quote:
Originally Posted by Snapolit1
This got my attention:
Fractional sports cards and sports memorabilia finished the year down 35.9% and 26.7% respectively.
All I heard from those guys for many months was how eveyone who got involved with them was raking it in hand over fist. Then crickets.
Sort of reminds me back in 2008 how the NY Times had an article on the front page of their business section about how everyone from the UPS man to guys in barber shops were checking their stocks in real time like 100 times a day. UPS guy was delivering packages with one hand and watchin the stock ticker with his other hand. Barber shop couldn't turn the TV off of CNBC. Everyone was giddy. Making money was so easy. Swear the market shit the bed like 3 days later.
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Steve that whole fractional sports card hype was another failed attempt at pushing baseball cards as an investment. Anyone with half a brain knows that was ridiculous. Sports cards aren't shares of a business to own interest it, they're a hard asset.