Liquidity & Investing vs collecting

[kickitup]

it doesnt, but its all relative.

just because 300k is beyond your comfort zone, it does not mean its beyond mine. And if you say that anyone that invests or spends 300k on something he can afford to invest or spend it on does not make it 'gambling' because its more than you would invest or spend.

All I am pointing out is just because I decide that 300k is an appropriate amount I am willing to put into cards, it does not just make it 'gambling' and it wont matter if i make or lose money.

That sort of thinking is wrong. I think we all make decisions that we are comfortable making, or at least we should. Perhaps your threshold is lower than mine, but that doesnt make you a 'pauper', but it does seem a bit ignorant.

justin c

[packs]

Willing to put into cards and sacrificing your life savings are two different things. You're talking about leisure whereas I'm talking about survival.

[Snapolit1]

Everyone's situation is different. If you don't have a financial set up you are presently happy with, I certainly wouldn't be pouring a sizeable chunk of what you have into cards, artwork, race horse partnerships, or anything else like that. But if you are comfortable financially, whatever that means to you, I don't see why buying a 75,000 Mantle card is a whole lot different from buying a condo in Florida you might rent out. It may go up, it may go down . . . I doubt it will be worthless when you go to sell it. Diversifying is the name of the game. If some relatively modest % of your wealth is in baseball cards, I don't see an issue with that. In fact I think its pretty smart.

[packs]

I don't see an issue with that either. At the risk of being called poor again I'll just reiterate that I'm talking about leisure investing vs. future dependent investing.

[Peter_Spaeth]

Speaking of what goes up must come down, I wouldn't be too happy if I had "invested" in Go Pro.
Check out the one year chart.
https://www.google.com/?gws_rd=ssl#q=gpro

[the 'stache]

Wow, that 52 week spread is painful. Down 19% in May, alone.

Originally Posted by Peter_Spaeth

Speaking of what goes up must come down, I wouldn't be too happy if I had "invested" in Go Pro.
Check out the one year chart.
https://www.google.com/?gws_rd=ssl#q=gpro

[kickitup]

Originally Posted by Snapolit1

Everyone's situation is different. If you don't have a financial set up you are presently happy with, I certainly wouldn't be pouring a sizeable chunk of what you have into cards, artwork, race horse partnerships, or anything else like that. But if you are comfortable financially, whatever that means to you, I don't see why buying a 75,000 Mantle card is a whole lot different from buying a condo in Florida you might rent out. It may go up, it may go down . . . I doubt it will be worthless when you go to sell it. Diversifying is the name of the game. If some relatively modest % of your wealth is in baseball cards, I don't see an issue with that. In fact I think its pretty smart.

+1,000,000

exactly

[midwaylandscaping]

Put on the boots before strolling through this thread