Posted By:
craigI agree with Barry S. and Richard M.
I spend a LOT of my disposable income on cards. Why? Because I LOVE this hobby and am passionate about cards and the history of baseball etc.
I'm not naive enough to think of this as investing. Cards like stamps, beanie babies or fine art are collectibles. They have no intrinsic value and are only worth whatever someone is willing to pay. They shouldn't be mistaken for shares of a company, government bonds,real estate or even gold. I'm not risking my retirement, home, or children's college education on, as my wife would say, a piece of cardboard.
I think the analogy with stamps is scary. There is no guarantee that the next generation will have any interest in spending thousands of their dollars on baseball cards.