Cards = Investments

[esd10]

i have noticed that there seems to be more collectors than buy for investment purposes now than 5 years ago and prices reflect that. about 4-5 years ago i bought lower condition of e98's and e90-1 for a small fraction of what they sell for now and i wish i had never sold the e98 ed walsh a beater none the less but i paid like $30 for it and now good luck buying any e98's for those prices for the most part.

[Brian Van Horn]

I can only say I do not own a single stock, unless you counted my 401K which I recently rolled over to an IRA. Which is better, cards or stocks? For my sanity (whatever that is), cards!

[cyseymour]

Originally Posted by Brian Van Horn

I can only say I do not own a single stock, unless you counted my 401K which I recently rolled over to an IRA. Which is better, cards or stocks? For my sanity (whatever that is), cards!

Yah, same for me, stock market was driving me nuts, every day, up or down, I think one of the nice features of cards is that you don't have to follow the price everyday and sometimes don't find its value till after it's been sold. That's some peace of mind right there.

But of course the value can always drop and there is a pretty big overhead in the buyer's premium. Those are problems but it comes with the territory with collectibles, I believe.

[Rob D.]

I bought stock in dictionaries and spell-check software. Haven't done very well.

[bbcard1]

I bought my first cards simply for investment the end of last year. I am in the process of flipping them, hope to make 20%, but might not....didn't bet the rent, so it's ok. Bought them with a CD that was earning a whopping .4%, so even if I make 10% that would be ok, but that is a tight margin considering you are assuming some risk....cards could always get lost or stolen or turn out to be fake.

[drmondobueno]

Started buying cards again in 2012 when my money market started paying 0.15%. Figured there would be a way to liquidate if I need to but would be a big enough pain to do so that finding alternative funds would be simpler. Close to retirement age so accessing 401k's are in the cards, so to speak. Figure to have the cards until I kick. Have a few liquidation options for my spouse, if she chooses, in my will. I guess I am planning to wait and see values 15 to 20 years out.

I am actually going back to work next month after being retired for the last 5 years ( sounds better than unemployed) besides building bamboo rods. Kind of a nice way to live after 40 years in the L A ashtray. Never would have thought I would have the opportunity or the means to collect the Monster. Nice way to spend the winter so far...great group of people, too.

Peace and prosperity with a 5.5% compound growth rate

[EvilKing00]

Originally Posted by bbcard1

I bought my first cards simply for investment the end of last year. I am in the process of flipping them, hope to make 20%, but might not....didn't bet the rent, so it's ok. Bought them with a CD that was earning a whopping .4%, so even if I make 10% that would be ok, but that is a tight margin considering you are assuming some risk....cards could always get lost or stolen or turn out to be fake.

ahhhh very interesting, this was exactly what i was talking about, cards instead of a cd or whatever. Well done

[rjackson44]

great topic just buy what you like and enjoy the hobby

[freakhappy]

Originally Posted by rjackson44

great topic just buy what you like and enjoy the hobby

+1...Well said, Octavio!

[foxxfan]

I can tell you that my ex-wife and her attorney felt that my cards were investments (maybe assets is a more accurate term). They even had my spreadsheet detailing every item and what I valued it at. Took nearly a decade and my oldest daughter becoming a huge Reds fan to get over that and decide to get back into the hobby.

[Sean1125]

50's and 60's HoF in high grade are good investments for the next 15-20 years, 70's and 80's high grade after that IMO.