Cards = Investments

[Sean1125]

Originally Posted by Nashvol

And, if there are better options to invest in a recovered economy (savings/CDs, for example) wouldn't today's card investors be a shrunken market? Where would prices be then?

IMO if there was no investment in cards there would be absolutely no way to determine prices and I think they would be ALL over the place. The one collector that "needs" the card will buy it, then there will be no more demand (or much lowered).

Edit* that would all be speculation of course, I don't think in the near future investments will be pulled out of cards

[Leon]

I don't recommend it whatsoever but approx. 13 yrs ago I took all of my money out of the stock market (except a few 401k rollovers in bonds) and put it all into pre-war cards. Best decision I have ever made, financially. I don't recommend it but it's been a lot of fun. And I enjoy the cards a heckuva lot more than I would have pieces of virtual paper. I think I have done ok on ROI too....though I can't know for sure until I sell. I have always been somewhat of a (calculated) gambler.

[Jlighter]

I was reading an article where people put up expensive artwork as collateral for a mortgage. I wonder if the same could be done with vintage Baseball cards?

[Leon]

Originally Posted by Jlighter

I was reading an article where people put up expensive artwork as collateral for a mortgage. I wonder if the same could be done with vintage Baseball cards?

I took out an SBA loan for a little over a half a million dollars nine years ago (paid back last year). I scheduled my cards, on the loan, as assets. They were used in the equations. They weren't collateral but they were listed as assets and were taken into account.