Posted By:
peter chaoI have 95% of my money in real estate, stocks etc. There's less than 5% in baseball cards. However, I tend to worry about the money I put into my cards a lot more than the other 95%.
The reason is quite simple. Baseball cards is a nontraditional investment vehicle. If you lose money in stocks you can explain it away by saying, "honey, there were all these accounting scandals and the market took a dive..."
There will be some sympathy and you simply try again.
Now if you lose significant money on baseball cards you are basically on your own. Not only will your wife not understand, but it is doubtful that any of your friends or relatives will either.
So that's why I end up worrying a lot more about the 5% I have in baseball cards. My goal is to keep decreasing the percentage in baseball cards until I no longer worry about it.
Peter C.