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#1
02-08-2018, 09:08 PM
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Very small collector but I’m technically a stockbroker/advisor and pullbacks have no effect on my budget (as meager as it is).
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#2
02-08-2018, 09:25 PM
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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.
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#3
02-08-2018, 09:28 PM
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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.
__________________
Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others.
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#4
02-08-2018, 09:42 PM
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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.
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#5
02-08-2018, 09:45 PM
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Quote:
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#6
02-08-2018, 11:07 PM
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I don't think so. Certainly not in any substantial way.
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#7
02-09-2018, 12:18 AM
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Not really. I separate church and state.
Now, renovating my house and upgrading my kitchen has somewhat hampered my buying temptations.
__________________
Successful transactions on Net54 with balltrash, greenmonster66; Peter_Spaeth; robw1959; Stetson_1883; boxcar18; Blackie
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#8
02-09-2018, 08:04 AM
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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.
 Quote:
__________________
Just a dad trying to figure out how to build a collection his kids will take interest in. Interests: HoF, Grover Hartley, Cleveland, Jim Thome, Jose Ramirez, Akron Zips, Historically Significant Figures Cooperstown Project Progress: 194/351 - 55.27% Follow along and see what I need here. YouTube Channel: Collecting America's Pastime
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#9
02-09-2018, 11:24 AM
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I think on 4 figure and less cards the stock market doesn't have much of an affect. I am certain it can (and does) on many 5 figure cards and higher. Each person is their own financial situation though and I am sure some high rollers might not have their decision affected.
.
__________________
Leon Luckey www.luckeycards.com Last edited by Leon; 02-13-2018 at 02:37 PM.
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#10
02-13-2018, 11:26 PM
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heck yeah
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
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#11
02-14-2018, 02:16 PM
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Quote:
.
__________________
Leon Luckey www.luckeycards.com
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#12
02-14-2018, 02:26 PM
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Zero, zip, nada.
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#14
02-14-2018, 04:02 PM
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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.
Last edited by packs; 02-14-2018 at 04:05 PM.
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#15
02-16-2018, 07:43 AM
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Quote:
,
__________________
Leon Luckey www.luckeycards.com Last edited by Leon; 02-16-2018 at 07:43 AM.
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#17
02-16-2018, 08:43 AM
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I don’t think the stock market has any direct impact but there is correlation with each other to multiple variables, namely employment and monetary liquidity.
Employment is obvious; impacts both demand and supply curves. And monetary liquidity is like blowing air in a balloon, with the balloon being all asset classes including sports cards. So if the market goes down sure it doesn’t impact the individual, but we are all slaves to the alter of price momentum and price momentum is impacted by the stock market, if not directly then indirectly. Last edited by joshuanip; 02-16-2018 at 08:44 AM.
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