Quote:
Originally Posted by bcbgcbrcb
Thank you all for the advice thus far. So if I’m hearing correctly, the consensus is to continue selling off pretty much as I have been doing but don’t use those funds to buy back more cards to invest in. Glad I asked, that’s exactly what I’ve been doing all along. If I eliminate that part of it, will need to sell much less to survive. So, I guess the question then becomes, am I better off selling now all of those cards that I overpaid on back in 2021 and banking the money or holding on to them with the hopes that values come back one day closer to where they were when I bought them. I know, nobody has a crystal ball to know that, wish I did.
Either way, seems like the damage has already been done with no way to recoup those funds. Am I correct there? Just making better decisions going forward with investing the money elsewhere?
|
No one knows what the future will be for card prices. What is likely, however, is that it will be volatile. What you need I believe is stability in cash flow. You can get that with short term fixed income instruments. I would not tie up funds in long term bonds because if interest rates continue to rise and you need to liquidate early you could lose money there too.