Thread: exit strategy?
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Old 11-02-2011, 09:44 AM
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Paul
 
Join Date: Apr 2009
Posts: 4,594
Default Where's All The Money Gone?

I sometimes think philosophically about my collection...

A...Why do I have these tiny little pieces of old card board when I could sell them and use the money to do something sensible (pay off the mortgage, bills, etc.) or silly (extreme Vegas vacation) with?

B...Will I keep my collection until I die?

1......if so, will the cards be auctioned by my heirs, or will they want to keep the collection in tact?

2......if not, when is the right time to sell them all (then See A above with respect to use of proceeds)?


More or less, I agree with one of the posts above that said we all need something that makes us "tick." And, for me, autographed T206 cards REALLY make me tick these days. If I got rid of them today, I think I'd feel pretty lousy about it.

In addition, I satisfy my responsible gene by considering the cards a last resort of emergency savings in the event of, well, an unforeseen personal financial crisis.

And, I've got 3 boys now -- one of whom is named Mathewson -- so I am certainly banking on one or more of them getting the urge to scratch this collecting itch I've got.
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