Posted By:
Russ BrightIt's for fun. The fact that I can make a little money and "pretend" I own a part of a rare card is nice for me. It got me here. I found out about Net54 from Cardtarget, and now am 124 cards into a T205 Master set. i have been making trades and deals with people from here. I also do have a stock portfolio and am selling a condo that I bought to flip and do my best (I'm 27) to play the invest/property game (also not the safest market).
Scott, yes, not holding the card isn't the same. But owning Disneyland Stock (or stock in the Electric company) doesn't mean you can hold that either. It's an Idea, people profit from that all the time. And it wasn't too long ago that I heard (Yes, on this VERY BOARD) "We don't own these cards, we just have them for a while until they go to their next owner". Always a state of flux. Buy, sell, trade, flip, whatever you do with your cards, you won't have them forever.
Barry, Thanks for the caveat. If I planned on retiring on Partial Shares Market cards, yes, that would be sad. Frankly, I'm amazed that they have lasted as long as they have. It's not for the long term. But if I get a share for 10 dollars and can then (2 weeks later) sell it for 20 dollars, that's fun. And it stretches my ACTUAL card buying dollars a little farther.
I recently sold 5 shares that I had purchased for 50 dollars total for 98 dollars. Which I spent on an (actual, I WILL get to hold this in my hand) T205 Bresnahan Mouth Open. Not Bad for 50 bucks and 2 weeks of waiting.
The novelty will wear off, people will lose money, whatever happens, happens.
I think all told, I have put 300 total dollars into this and walked with around 500. Not huge, but since I wasn't making a ton of money and couldn't invest in my portfolio (for a while) it was something to play with.
Again, I have fun, I enjoy it, I'm not doing this forever, I rarely do it at all. I also like Shiny Crap, I've been a pack buster for years.
I am finally financially secure enough to start making bigger purchases and auctions.
Thanks for everyone here that helped me with all your kind words and advice. This is a great community and I learn more every day!
sincerely,
Russ Bright