Quote:
Originally Posted by Snowman
Depends on which cohort of the hobby you're talking about. There's a fairly large percentage of collectors who only collect low value cards and whose purchasing decisions have almost no effect on the broader market. But if we're talking about how the card market as a whole might fare during an economic downturn, then we have to look at the cohort of buyers that are purchasing cards of significant value. And those cards are mostly being purchased by people in their 40s and up with good jobs that often include some form of significant compensation through company stocks or by retired collectors with large bank accounts. In other words, it may not be a large percentage of the hobby as a whole that receives a significant chunk of their income from stocks, but it's certainly one of the most impactful cohorts with respect to pricing fluctuations across the market.
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It's an interesting question to consider. I'd love to see a poll.
But I suspect the number who are actually using stocks as a significant/major source of income (and aren't retired) isn't that high. But who knows? 40s and up with good jobs doesn't scream "relying on stock dividends/sales" to me. I'd guess those people tend to use salary compensation for cash flow, and investments for future cash flow. I know I'm in that group of 40s and up with a good job, and I never touch a penny from my investments and live off my salary. All my card money comes from this income stream. Maybe I'm in the minority of the group of 40s and up with a good job. :shrug: But given the responses here, I don't believe I am.