Does stock market volatility play a role in your hobby budget

[BearBailey]

No impact.

[jb67]

No impact on my collecting budget.

[ronniehatesjazz]

Very small collector but I’m technically a stockbroker/advisor and pullbacks have no effect on my budget (as meager as it is).

[Bigshot69]

It’s always important to have a balanced portfolio. 10% cash 10% bonds 20% stocks 30% cards & 30% comics

It’s also important to dollar cost average, which is why i contribute the same amount to my DraftKings account every week.

[pokerplyr80]

If nvidia keeps doing well it could increase my card budget temporarily when I decide to sell. For the most part it doesn't change it much one way or the other.

[silvor]

I've been working in the financial planning business for 25 years. I think, and there's some evidence to back this up, when the market is up, people FEEL "rich" so that affects their buying habits.

During the dot com boom, spending outpaced wages, but people saw their 401k balances - which you really can't get to easily - and spent like mad.

[joshuanip]

Originally Posted by Bigshot69

It’s always important to have a balanced portfolio. 10% cash 10% bonds 20% stocks 30% cards & 30% comics

It’s also important to dollar cost average, which is why i contribute the same amount to my DraftKings account every week.

That’s what I call an uncorrelated low beta idiosyncratic portfolio. Haha

[darwinbulldog]

I don't think so. Certainly not in any substantial way.

[Stampsfan]

Not really. I separate church and state.

Now, renovating my house and upgrading my kitchen has somewhat hampered my buying temptations.

[KMayUSA6060]

Of course the market affects my spending budget. Until one or two of the stocks in my portfolio make like Amazon/Google and take off, I'm going to be stuck working for a living, thus limiting my card budget.

Originally Posted by pokerplyr80

If nvidia keeps doing well it could increase my card budget temporarily when I decide to sell. For the most part it doesn't change it much one way or the other.

VERY nice pre-market pop this morning for you. Gotta love tech stocks.

[Franklin-Basil]

best time to buy is when the shite is hitting the fan or when people are distracted by the things they get distracted by

especially when there is illiquidity in the resale mkt when compared to bids and asks all day long

there's always someone who needs money now

[Leon]

Originally Posted by Franklin-Basil

best time to buy is when the shite is hitting the fan or when people are distracted by the things they get distracted by

especially when there is illiquidity in the resale mkt when compared to bids and asks all day long

there's always someone who needs money now

The only problem with this is when the shite hits the fan my pile of shite is smaller, so I have less to spend. I do agree about some liquidity in the card market as great cards can be sold rather quickly.

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[CurtisFlood]

Zero, zip, nada.

[JeremyW]

The stock market has no effect on my collecting.

[packs]

I guess I just don't see the correlation. What does one thing have to do with the other? More money in the market doesn't translate to more cash on hand unless you're willing to pay an avalanche of fees to buy a Mickey Mantle card. Less money in the market wouldn't affect your cash on hand either. Most investments are long term so a bad month or a bad year shouldn't cause anyone to panic unless an investor is playing the market like some kind of lotto, which I think is a terrible way to invest.

[Leon]

Originally Posted by packs

I guess I just don't see the correlation. What does one thing have to do with the other? More money in the market doesn't translate to more cash on hand unless you're willing to pay an avalanche of fees to buy a Mickey Mantle card. Less money in the market wouldn't affect your cash on hand either. Most investments are long term so a bad month or a bad year shouldn't cause anyone to panic unless an investor is playing the market like some kind of lotto, which I think is a terrible way to invest.

You definitely have a point. But when the market is down it is psychological more than anything to many people. It is for me anyway. I just hope it's up when Heritage is ending as I will feel better about making a purchase, if I so desire. It doesn't make sense but what can I say?

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[MattyC]

No, stock market has no impact on my buying.