Does stock market volatility play a role in your hobby budget

Rhotchkiss · #1 02-09-2018, 01:11 PM

I have not owned a single stock or tradeable security in years. So the market has zero affect on my card-buying. Interest rates, however, that's another story....

MR RAREBACK · #2 02-09-2018, 05:42 PM

I still buy , but try to get a better deal

obcbobd · #3 02-09-2018, 06:29 PM

No, but I'm not spending big $$ anyways

Johnny630 · #4 02-09-2018, 08:14 PM

I only buy high end cards during a recession.

smtjoy · #5 02-10-2018, 12:26 PM

In 2007-08 when the financial crisis was in full swing and the stock market was down big, I decided to double my card budget. I had a secure job and just felt there were a lot of great deals to be had. One of the smartest decisions I have ever made.

I dont think we have seen that kind of drop right now (in the stock market and cards) but if stocks continue to decline we may be there again.

#6 02-10-2018, 12:30 PM

Quote:

Originally Posted by smtjoy

In 2007-08 when the financial crisis was in full swing and the stock market was down big, I decided to double my card budget. I had a secure job and just felt there were a lot of great deals to be had. One of the smartest decisions I have ever made.

I dont think we have seen that kind of drop right now (in the stock market and cards) but if stocks continue to decline we may be there again.

That's about when I started collecting again, and almost exclusively vintage. Good thing too, I'd never be able to afford most of the cards in my collection if I was trying to buy them now.

joshuanip · #7 02-10-2018, 01:45 PM

Quote:

Originally Posted by Johnny630

I only buy high end cards during a recession.

As a collector who hibernated through 2 cycles, there definitely cyclicality in the card market. As the stock market. And the stock market will continue to increase over the cycles. As the card market.

Leon · #8 02-13-2018, 02:36 PM

Quote:

Originally Posted by joshuanip

As a collector who hibernated through 2 cycles, there definitely cyclicality in the card market. As the stock market. And the stock market will continue to increase over the cycles. As the card market.

I think mid-year, common Topps, in vg and lesser condition, are not going to cycle up too much in the future. They are fun but their trajectory isn't likely going to be upward. That is my prediction. Otherwise, I agree that things go up and down. Approximately a dozen or more years ago, E cards (in general) were a few times more expensive than they are now. They could go up in the future but my best guess is only the best cards go up. How many people are starting low to mid grade sets of e cards or t cards right now? Probably not tons. But I do think the best looking cards, and most in demand, will go up in the future, at least in the vintage space... but who knows...Collect what ya' like.

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packs · #9 02-13-2018, 03:41 PM

What's the stock market? Are they cool cards?

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