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Gents -
As we are all aware, this is a HUGE month on the auction block. I've spent many hours combing through numerous catalogs and web pages carefully selecting those lots that fit - oh so well - into my pre-war collection. Visions and feelings of anticipation, adrenaline, and anxiety flowing through my mind and body as I see the clock strike zero to declare me the winner. Hooray! Yes, this is my goal. Yet, I've run into a bit of a roadblock. My wife. I brought all my finanial data to lunch with us on Saturday. I explained how everything would flow - our savings plan, her investment priorities, and my hobby 'stash' - into a plan that we could both agree to. And I got hobby stash budget approved. Yes! Here I come...but not so fast. My wife tells me yesterday - 'Erich, you say baseball cards are an investment (yes, that's how I position it to her - I could never get away with spending the money I do by saying this is a hobby!). Well I need you to prove it to me. If I'm going to allow you to spend X over the next couple weeks, than I need you to prove to me that it is a good investment for us. If it is, then I'll support your decision 100%. If it's not, then I'm going to dramatically decrease the amount of dollars I allow you to spend on your cards!' ![]() I've been asked to present my 'findings' on the value that my current collection has increased over the past couple years. I need to benchmark it against (S&P500?) some baseline so I can demonstrate how well we're doing and why I deserve to spend my 'stash' this month. A few questions for the board: 1) How would you position your stash budget to someone that doesn't 'get' why we love this hobby so much? Someone who only sees how much I spend and rolls their eyes. 2) Do I use VCP to value my cards, find trends, asking prices, and compare that to what I paid? 3) How do I benchmark my collection against a baseline that my wife would understand? S&P500 is down 10% from 2 years ago. I'm confident my collection is outpacing this metric. This could really make me look good! 4) Any other advice and wisdom would be helpful. Yours in collecting, Erich Last edited by Leon; 04-13-2010 at 08:13 PM. Reason: typo in title |
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