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View Poll Results: Do you have a specific way of budgeting for cards? | |||
Yes, I have a limit on what I will pay per card. | 16 | 12.70% | |
Yes, I have a limit on the total investment in my collection. | 10 | 7.94% | |
Yes, I have a limit per card and a limit on my collection as a whole. | 4 | 3.17% | |
No, I don't have any specific limits. | 96 | 76.19% | |
Voters: 126. You may not vote on this poll |
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Does your collection have a salary cap?
I was listening to Dave Ramsey's radio show (a financial guy if you haven't heard of him) a few weeks ago and a caller asked him how much was reasonable to have invested in collectibles. His answer was no more than 10% of a year's take home pay, so for example if you take home $35k a year, you shouldn't have more than $3500 tied up in your collection. It reminded me of a teacher I had that collected low grade 1933 Goudey commons and he had a strict maximum of $50 per card. I also have another friend that sticks to the total value limit, but doesn't have a specific limit per card. If he hits his limit he has to sell something of equal or greater value before he buys a different card. This got me to wondering, does anyone on here go by either of these methods or a combination of the two? That and it seemed like an interesting idea for a poll...
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