Quote:
Originally Posted by Touch'EmAll
Take into consideration a collector and/or investor financial state.
Some of us are wealthy enough outside of our cards that we are more free to do as we please with our cards. If you are fortunate enough to have a good paying job, own a home(s), have a retirement pension, and have a significant chunk of change in other investments, then go ahead enjoy the hobby as you like - slab or raw, pass your cards down, take them to the grave, whatever your heart desires.
However, some of us are not that fortunate. For us our cards represent an honest part of our retirement savings. We need to maximize our card value holdings to help fill out our retirement income. Thus we grade our cards so we can realize all we can out of our holdings. We are trying to do the best we can with what we have.
We are all in different boats in this thing called life.
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If the cards were purchased well before this recent price runup (which has been going on for a few years now),
then there may be some legitimacy to this, but purchasing cards today seems like a big risk if it's considered part of a retirement plan.
I wonder what a financial adviser would say about considering cardboard a part of a retirement strategy. But then again, my guess is there are not many financial advisers with enough hobby know how to really address this. I wonder what percentage of a retirement portfolio would be a "safe" amount of money to tie into cards as an investment vehicle.
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Quote:
Originally Posted by jingram058 View Post
When either I or my wife or daughter ever sell them, they will go for whatever like graded examples go for or they won't be sold. Period, end of discussion.
Quote:
Originally Posted by OhioLawyerF5
This quote seems a bit delusional to me. It's not how the market works, and most likely not how your heirs will feel either.
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I wouldn't call that delusional. For all we know he could have some pretty "interesting" cards that are raw that people would absolutely pay for. As an overall strategy for all cards, perhaps a bit ambitious.
That reminds me, I need to put together something for my family in case I get hit by a bus in the next couple of days.
TJ - do you practice estate planning? If so, it'd be neat to hear some thoughts you have for card board investing. For example, designating them for inheritance, etc.