Quote:
Originally Posted by Peter_Spaeth
I would never recommend going all in on collectibles to the exclusion of other investments, far from it, but I'm sure glad I didn't take advice like this when I was building a collection over the past couple of decades. And I did get such advice, believe me. But everything doesn't need to have the indicia of a traditional investment to be a good investment.
https://www.youtube.com/watch?v=qjaAswnnyQI
https://www.barrons.com/articles/spo...tment-0ac44b09
Besides, the OP didn't ask whether we thought it was a good idea, he asked for recommendations on which card to buy. |
Peter, I know you've done very well with your cards. Many of us on this board have. I bought a bunch of Jordan cards in the 90s that are now worth 20 times what I paid for them. But I did it with my fun money. I didn't think of cards as investments then, and they still aren't now.
Fifty years ago, cards were nerdy and not yet cool. If you were one of the initial market makers that created awareness and interest in cards, good for you. If you were part of the initial wave of new collectors that saw the growth potential of boomers latching onto baseball cards as a later age hobby, good for you too. In those cases, you could say that you foresaw a market need and invested your time and resources into developing it.
Absent that, I would say you, like most of us, were just lucky. And if you were spending significant cash buying cards in the hope of profiting, I would say you were speculating.
I don't know whether OP's $10k number is fun money for him or not. Either way, it bothers me to hear him call it an investment. It is not. It is just a bet.
That being said, if I had an extra $10k to bet on whether a card would go up or down, I would pick a card that is not the common choice. My thinking is that if more people are thinking a Ruth card is most likely to go up, for example, then that card will be overpriced. You've got to zig while everyone else zags.
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