Taking money out of retirement funds to purchase cards

[rats60]

Originally Posted by Sean

I borrowed a few times from my 401K to fund card purchases. I always paid it back. And I have a couple cards that matter more to me than the earnings that I missed out on in the market while paying off the loans. I don't know if it made financial sense to borrow, but the cards mean more to me, so it makes sense in that regard anyway.

I have borrowed to buy a card too. I have borrowed from my retirement, not for a card, but I wouldn't hesitate in the right situation.

I am always amazed at these threads and the negativity towards cards as investments. I have been doing it for 38 years and making easy money. I have constantly heard these negative comments from those not in the hobby, they just don't know. From people that should is just shocking. Sports cards have outperformed the market for 38 years and by a lot. I am not ready to get out yet.

If you are happy with mediocre returns in the markets, then make that choice. I have investments I'm the market too. Why so negative towards those doing better with cards? For those in the market, you have made zero the last 3 years. Why would you be surprised at someone moving investments from something not currently making them money to something that is?