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Old 03-08-2009, 10:19 PM
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Default What percent of your life savings is in Baseball Cards?

Posted By: Jamie

True that it's kind of personal. Sorry, I don't mean to be a busybody!

Though it's interesting as a factor of value - I mean based on estimates - and then subtract around 20-25% cut for the auctioneer. Mark-to-market is very true, and one can only guess, but still, having a grasp of the worth of one's cards, imo, is vital. When you know what your cards are worth, it helps manage risk.

Look, we all love cards - but we have to be honest with ourselves. Vintage cards is a very small market. Volatility is very high. Sales are very unpredictable. There is a significant amount of risk associated with almost any card, and the entire market itself. This is not to discourage people from buying cards. To the contrary, it is just about value, and begs the question, are we being financially responsible? Or does our "passion" interfere with reason and common sense?

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