2021 Exit Strategy

[Mark17]

Originally Posted by Peter_Spaeth

Phil's situation as he describes it is one in which he cannot take risks. That changes the analysis completely in my view. If you can afford the downside risk, sure there are collectibles that are potentially great investments. And they are fine to own in a diverse portfolio. I hope I own some myself. But someone with no reserves on which to live should not be in collectibles exclusively or even to any significant extent and maybe not at all. The name of the game for Phil should be safety.

It seems one of the early sentences in the original post has been forgotten: "A little background, I sold off my Negro League baseball memorabilia collection along with a smaller comic book collection back in 2021 at the peak of the market, of course, realizing strong prices for most all of those items."

So, apparently the OP built a collection, sold it at or near the very top of the market, and now is looking at having to give back some of those profits. My point is, considering all, he's probably still in pretty decent shape overall. So that's a good thing.

If the OP did an analysis of how much money is needed over the next 7 or 10 year timeframe, factoring in some anticipated inflation, then looked at how much his current collection could realize if sold tomorrow (and put into T-bills or CDs,) it would seem that would be the sensible, and non-exciting, thing to do.

I've found building a 1962 Post Cereal baseball set has been a lot of fun, and it's very budget-friendly. Once in awhile I'll pick up a T-202 common. So the OP could still participate in the hobby as a collector, just not as a serious investor.