Liquidity & Investing vs collecting

[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