Fun Poll: What % of Net worth in SportsCards and Memorabilia

[joshuanip]

Fun anonymous poll. That is the percentage of your net worth in sports cards and memorabilia. Sports cards only, no pokemon or star wars collections... haha

And net worth includes all assets including cash, stock, home, and other stores of values (like your pokemon cards and star war figurines).

[joshuanip]

I would love to see those collections that are 30+%. I thought I was nuts at a shade under 20%

[Exhibitman]

No married man is going to take that poll...

[joshuanip]

Originally Posted by Exhibitman

No married man is going to take that poll...

That’s why is anonymous. Hahaha

[Exhibitman]

Won't help; bitches be IT savvy...

[todeen]

Originally Posted by Exhibitman

Won't help; bitches be IT savvy...

Funniest post of 2021! I even showed this to my wife and she was ROFL. Uncontrollable laughter.

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[Fred]

Originally Posted by Exhibitman

No married man is going to take that poll...

I've been married a long time... I've been collecting this stuff longer than I've known my wife. Somehow, I've always inherently known to keep my collecting life separate from my married life. I guess it's like guys that have a "piece" on the side. They wouldn't even think about telling their wife about her. Pathetically, my extra "piece" is cardboard, but there's something to be said about guys that can admit that they like looking at pictures of dead guys on cardboard, right?

[carlsonjok]

Originally Posted by Exhibitman

No married man is going to take that poll...

My wife is an equestrian, so there isn't really much need to hide anything from her. The most I have ever spent on a card was a bit shy of $300. I write a $230 check to the farrier every 7 weeks. And that is just the beginning of the regular expenses. Plus there is the one-off expenses like the $2000 she is about to drop on a new saddle.

[iwantitiwinit]

Remember they truly aren't worth anything until you monetize them.

[Directly]

The lady collectors will spend some $$$ too! During the Beanie Baby craze around the holiday, I sold 9 Princess Diana's. The first 5 around 350/per, the last 4 at 450/per--I wonder if the lady buyers always inform their spouses all their purchase's besides the dozens of the shoes they buy every six month?

[cardsagain74]

Originally Posted by iwantitiwinit

Remember they truly aren't worth anything until you monetize them.

Liquid assets are worth what you can sell them for.

[joshuanip]

Originally Posted by iwantitiwinit

Remember they truly aren't worth anything until you monetize them.

But neither is stock or any asset for that matter...

[itjclarke]

Originally Posted by joshuanip

I would love to see those collections that are 30+%. I thought I was nuts at a shade under 20%

Not so sure why any number is "nuts" given how cards' values have inflated over the years. Seems several cards I'd bought 10-15-20-25 years ago for $100, $500, $1000, are now worth $5000+, $10,000+, $20,000+, or more. So % worth may skew far more heavily towards cards than the proportionate amount of cost one originally invested in them.

Similar to spending a few bucks on Apple stock in 2008-2009, as compared with today's value.

[joshuanip]

Originally Posted by itjclarke

Not so sure why any number is "nuts" given how cards' values have inflated over the years. Seems several cards I'd bought 10-15-20-25 years ago for $100, $500, $1000, are now worth $5000+, $10,000+, $20,000+, or more. So % worth may skew far more heavily towards cards than the proportionate amount of cost one originally invested in them.

Similar to spending a few bucks on Apple stock in 2008-2009, as compared with today's value.

Fair point... married men, don’t answer this poll... haha

[Fred]

0%

None of my cards are part of my "net worth". I don't consider this stuff an "investment". It's only cardboard.

[troutbum97]

Originally Posted by Fred

0%

None of my cards are part of my "net worth". I don't consider this stuff an "investment". It's only cardboard.

If it's "only cardboard" to you, I'd be happy to take all of your cardboard off of your hands.
I'll even haul it away for free.

[Kenny Cole]

Originally Posted by Fred

0%

None of my cards are part of my "net worth". I don't consider this stuff an "investment". It's only cardboard.

if they have value, they are part of your net worth whether or not you want to acknowledge it.

[pcoz]

Probably 30-40% for me after the recent surge. High end cards are too expensive to not consider them investments in my opinion. Their appreciation has rivaled if not beaten the stock market the past 20 years, at least the high-end cards. Insane right now.


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[Gorditadogg]

As a retired finance professional, I remember the disclosure that went on all our presentations: "Past performance is not a predictor of future results".

Right now we can all feel good that our cards are worth more, but it seems to me that with most investments today, including cards, there is an attitude of easy money, which is dangerous. People are buying stuff just because they see it going up without regard for underlying fundamentals, in many cases without even understanding them.

I would not advise anyone to have 30% of their assets in anything. When you have your net worth tied up in things that appeal to only a small part of the market the risks are even higher than with a mainstream investment.

I've said this before, but one thing I like about the card market today is the prices have pried a lot of nice cards out of old card collectors' hands. I am still buying because of that, but I am concerned about whether in the long term cards will continue to appreciate.

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[Fred]

Originally Posted by Gorditadogg

As a retired finance professional, I remember the disclosure that went on all our presentations: "Past performance is not a predictor of future results".

Right now we can all feel good that our cards are worth more, but it seems to me that with most investments today, including cards, there is an attitude of easy money, which is dangerous. People are buying stuff just because they see it going up without regard for underlying fundamentals, in many cases without even understanding them.

I would not advise anyone to have 30% of their assets in anything. When you have your net worth tied up in things that appeal to only a small part of the market the risks are even higher than with a mainstream investment.

I've said this before, but one thing I like about the card market today is the prices have pried a lot of nice cards out of old card collectors' hands. I am still buying because of that, but I am concerned about whether in the long term cards will continue to appreciate.

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Sounds like a Chicago Booth graduate.

This surge in prices reminds me of the early 90's when certain wax cases and other "new" material went flying through the roof.

When the "market" prices out the hobbyist, then the only people left are investors/speculators (which sometimes are hobbyist with, as Alan Greenspan said, feelings of irrational exuberance), playing chicken with each other. They're waiting to see who flinches first.

Unfortunately, the hobbyist are usually the ones that get burned worst because they have an emotional attachment. Then it'll be a scramble for the exit to see who gets left holding the goods at the highest price and who was smart enough to get out before the fall.

To those that are "investing". Don't take the above statement as a warning. It's just the rambling of a KNF that likes to stir the pot.

Edited to add - I choose not to look at my cardboard as part of my net worth. It aint worth nuthin unless you sell it.

[joshuanip]

Originally Posted by Gorditadogg

As a retired finance professional, I remember the disclosure that went on all our presentations: "Past performance is not a predictor of future results".

No one reads that last page... and they still performance chase anyways...

Not to take away your great point - old collectors are priced out... (thank u for that by the way) not only acts as a buffer (dip buying mentality) but changes the velocity of transactions, as the flipping is what really juices the prices. Are we overpriced? Maybe along with everything else, but relatively, with the standardization of grading and moving from in person transactions to online auctions, we’ve been sitting on tinder for sometime...

[Exhibitman]

[notfast]

Do people include a house they’re paying a mortgage on in their net worth as an asset?

I’d assume a HUGE majority of the population has a negative net worth if you don’t.

[Fred]

Adam, I gotta ask -

Is that a modified "High Times" cartoon?

Edited to add - Ok, I googled Freewheelin Franklin - I remember that from such a long time ago. Made my day.

[Natswin2019]

Originally Posted by notfast

I’d assume a HUGE majority of the population has a negative net worth if you don’t.

Just as a note the median net worth of American's is 52k as of 2016