Best $10,000 investment card

[Gorditadogg]

Originally Posted by Peter_Spaeth

I would never recommend going all in on collectibles to the exclusion of other investments, far from it, but I'm sure glad I didn't take advice like this when I was building a collection over the past couple of decades. And I did get such advice, believe me. But everything doesn't need to have the indicia of a traditional investment to be a good investment.

https://www.youtube.com/watch?v=qjaAswnnyQI

https://www.barrons.com/articles/spo...tment-0ac44b09

Besides, the OP didn't ask whether we thought it was a good idea, he asked for recommendations on which card to buy.

Peter, I know you've done very well with your cards. Many of us on this board have. I bought a bunch of Jordan cards in the 90s that are now worth 20 times what I paid for them. But I did it with my fun money. I didn't think of cards as investments then, and they still aren't now.

Fifty years ago, cards were nerdy and not yet cool. If you were one of the initial market makers that created awareness and interest in cards, good for you. If you were part of the initial wave of new collectors that saw the growth potential of boomers latching onto baseball cards as a later age hobby, good for you too. In those cases, you could say that you foresaw a market need and invested your time and resources into developing it.

Absent that, I would say you, like most of us, were just lucky. And if you were spending significant cash buying cards in the hope of profiting, I would say you were speculating.

I don't know whether OP's $10k number is fun money for him or not. Either way, it bothers me to hear him call it an investment. It is not. It is just a bet.

That being said, if I had an extra $10k to bet on whether a card would go up or down, I would pick a card that is not the common choice. My thinking is that if more people are thinking a Ruth card is most likely to go up, for example, then that card will be overpriced. You've got to zig while everyone else zags.

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[Peter_Spaeth]

Al, I understand, and I'm not saying I had any special insight into the future although I did come to believe in the potential of cards and maybe to some extent that informed how much and what I bought, even with a collector mentality. But any investment other than an extremely conservative one (e.g. a fixed income fund or whatever) is to some extent a bet/speculation and in hindsight any major success is in some part luck. But let me ask you. According to your definition, is gold an investment? Bitcoin? Commodities futures? None of those create value, right, they just go up and down according to what market participants collectively think they're worth.

[Gorditadogg]

Originally Posted by Peter_Spaeth

Al, I understand, and I'm not saying I had any special insight into the future although I did come to believe in the potential of cards and maybe to some extent that informed how much and what I bought, even with a collector mentality. But any investment other than an extremely conservative one (e.g. a fixed income fund or whatever) is to some extent a bet/speculation and in hindsight any major success is in some part luck. But let me ask you. According to your definition, is gold an investment? Bitcoin? Commodities futures? None of those create value, right, they just go up and down according to what market participants collectively think they're worth.

Gold and futures are not investments in the pure sense, but they are used as hedges to reduce risk, so they are investment tools, I guess. I have no earthly idea what Bitcoin is.

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[Peter_Spaeth]

Originally Posted by Gorditadogg

Gold and futures are not investments in the pure sense, but they are used as hedges to reduce risk, so they are investment tools, I guess. I have no earthly idea what Bitcoin is.

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Is there room under that rock, it may be a good place.

[ClementeFanOh]

Meanwhile, back to the actual topic-

1) Someone mentioned earlier the Bobby Orr rookie. Great call!

2) Wilt's Fleer rookie or his 68 Topps Test

3) a 68 Topps 3D Roberto C

4) one of the more desirable Pele rookies

5) a high end 53 Bowman Color Mantle

6) a Satch rookie

Trent King

[ClementeFanOh]

Almost forgot another candidate- a nice 51 Parkie Gordie Howe rookie.

Trent King

[Gorditadogg]

Originally Posted by Peter_Spaeth

Is there room under that rock, it may be a good place.

Haha, aren't you the scurrilous old codger. Don't kid yourself, Peter. I am not telling you anything different than your own investment advisor.

It's great you can afford to buy the cards you want, and it's great their value has gone up for you. Be happy you get enjoyment out of your hobby. Don't try to make it more than that.

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[Peter_Spaeth]

Originally Posted by Gorditadogg

Haha, aren't you the scurrilous old codger. Don't kid yourself, Peter. I am not telling you anything different than your own investment advisor.

It's great you can afford to buy the cards you want, and it's great their value has gone up for you. Be happy you get enjoyment out of your hobby. Don't try to make it more than that.

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Al my "under a rock" comment was about your having no clue what Bitcoin is.
As for investment advisers, sure, but their background biases them towards a certain perspective. And I'm a huge believer in equities, but not necessarily to the exclusion of all else.

[Gorditadogg]

Originally Posted by Peter_Spaeth

Al my comment was about your having no clue what Bitcoin is.

Oops. I know that some very smart people, including Musk and some of his Stanford buddies, wanted to create a universal currency outside the influence of government manipulation. I don't have a good idea why people want to "buy" it, though, other than it is going up.

[Balticfox]

Originally Posted by Gorditadogg

That being said, if I had an extra $10k to bet on whether a card would go up or down, I would pick a card that is not the common choice. My thinking is that if more people are thinking a Ruth card is most likely to go up, for example, then that card will be overpriced. You've got to zig while everyone else zags.

Yes, when it comes to investments, a fellow must zig when others zag!

[Bored5000]

Originally Posted by Gorditadogg

I would pick a card that is not the common choice. My thinking is that if more people are thinking a Ruth card is most likely to go up, for example, then that card will be overpriced. You've got to zig while everyone else zags.

I disagree that you need to zig when everyone zags in terms of long-term price appreciation. When have Babe Ruth cards ever gone down as a "long-term" hold? Ruth is the biggest name in sports history and always will be.

That being said, I agree that there is stuff outside the big four sports that currently sell for very little but will pay off handsomely for the owners of those cards.

David Peck was buying up Wrestling All-Star cards when almost no one wanted them. His Hulk Hogan cards from that set are now worth 20X or even 50X what he paid for them.

I didn't see the skyrocketing price of Richard Petty's 1972 STP card coming when I bought a few of them 7-8 years ago. That card is worth 10X what it was worth back then, and the price increase has come at a time when NASCAR is less popular than it was a generation ago.

Picking the cards and subjects outside the big four sports that will skyrocket like that is easier said than done. Those are thin markets compared to how many people want a playing days Babe Ruth card.

[Balticfox]

Originally Posted by Bored5000

David Peck was buying up Wrestling All-Star cards when almost no one wanted them. His Hulk Hogan cards from that set are now worth 20X or even 50X what he paid for them.

I didn't see the skyrocketing price of Richard Petty's 1972 STP card coming when I bought a few of them 7-8 years ago. That card is worth 10X what it was worth back then, and the price increase has come at a time when NASCAR is less popular than it was a generation ago.

Precisely my point! Only those cards/items currently considered outright junk can eventually explode in price because only those are trashed.

And you've just motivated me to break the Wrestling All-Stars set I bought for $5 over 35 years ago out of its sealed brick and put the cards in Ultra Pro sheets! Plus I uncovered a Traks Richard Petty set that I'd forgotten I had.