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Old 08-30-2023, 08:06 AM
bcbgcbrcb bcbgcbrcb is online now
Phil Garry
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Join Date: Apr 2009
Posts: 7,051
Default 2021 Exit Strategy

I would like to ask for various opinions on this subject. 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. In hindsight, my big mistake was taking the money as fast as it was coming in and buying HOF rookie cards (which is my strongest area of expertise) for all 5 team sports spanning all eras from pre-war to modern. One good thing was that I bought only the best of the best so no mid-lower tier HOF'ers.

Fast forward 2-2 1/2 years later to today and, obviously, just about every single card that I bought has either maintained value (best case scenario) or dropped by as much as 80% in some cases. Also to note, I will soon be 55 years old with significant health issues which will most likely prevent me from ever working any real type of full-time job again, nothing at all since August, 2017 and have been denied disability four times already and won't reach social security age for another 7 years. So, my only source of income is whatever I can make from my collectibles, buying and reselling.

Thus far, two years into this situation, made significantly worse by the economy/inflation as it has done to everybody else, my exit strategy for moving all of these 2021 purchases was initially to begin liquidating by lowest value first, thus, regardless of percentage loss, will not be a huge dollar impact. Much of that inventory is now gone. As I mentioned simply holding everything and waiting for a better market is not an option as I need funds every month to pay my bills to live on.

Moving on, my next strategy has been to liquidate the ultra-modern stuff of all values, which seems to have taken the biggest dip over the past couple of years. I am still in the process of doing this. From here, my longer-range plan is to begin with the early 2000's stuff and work backwards by decade to bridge the gap until social security age or disability approval or possibly going back to work one day.

Given where I'm at right now, would anyone recommend a different plan going forward or a different alternative for what I have already done (too little to late probably but at least I'll know)? Also, any specific rookie cards from the 1960's era to current that could be expected to regain value when the market improves and be the best alternatives to hold on to longer term? One more note, I have an inordinate amount of money invested in a couple of Star Jordan rookies. Do you think those are must holds or better to liquidate at roughly a 50% loss and put the money into Mantle/Mays/Aaron rookies instead?

Last edited by bcbgcbrcb; 08-30-2023 at 08:19 AM.
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