I can prove that cards are a great investment or a crap one, just let me choose the starting point and ending point. The same can be said of anything. From 1970-1979, the inflation adjusted return on the S & P 500 was -2.2%. From 2000 to 2009 it was -24.29%. That’s two full decades where stock investors ate S**T. You make your money on the buy is the old saying but you have to know when to sell too and what to do with the money. If you sold off vintage in 2021 and went into modern right at the peak of the modern run up, yeah, you're pretty much f***ed and you will never, recover your losses. If you sold into the run and didn't put the proceeds into something that tanked, you did great.
Last edited by Exhibitman; 10-28-2024 at 11:49 PM.
|