Posted By:
Frank WakefieldI buy a stock because I think it is undervalued, or that it will gain in value relative to its current value. Any seller's remorse that I experience is directly related to the stock's gain after I sell.
When I get a baseball card I think of the player, of the team, of the era. There's the "attachment" mentioned above.
Maybe, just maybe, to invest in baseball cards, the investor would need to be clueless about who Cobb was, who Wagner was, who the Cubs were and are... Then there would be sufficient detachment.
I agree that some card prices have gone up. So has copper prices, and crude oil prices... I still think that anyone "investing" in baseball cards (nay, sports cards, I'd like to have a National Chicle card of Bronko Nagurski, even in beat up shape) is fooling themselves, trying to rationalize where they've put there money.
Invest in pencils. They were a nickel when I was a kid...