Money in the Hobby

[silvor]

Originally Posted by 100backstroke

Like it or not, believe it or not, take it with a grain of salt. Forbes published article this February about how quality vintage cards have outperformed the S&P 500 during both the last 5 years and the last 10 years. That PWCC dude, Brent, has come up with an "index" with pretty darn solid evidence of conclusion. Thing is, remember, these are waterfront cards, not all the rest. They did not analyze cards such as T206 Lajoie, Exhibit Hornsby, Goudey Carl Hubbell, or Johnny Bench type cards which can typically be a large part of our own actual collections. And this is during one of the largest upticks in stock market history. Hmm.

Here's the article: https://www.forbes.com/sites/davidse.../#7422c61064b1

What he fails to add is the reinvesting of dividends. Most everyone reinvests dividends, and if you add them in, like you should, the return is 142% on the Jan 2008 to Feb 2018.

And what are the 500 cards? And the grades of each card?

I think he's being very selective to get his numbers to push his point.

Additionally, you can invest $1 in the S&P. I'm sure whatever the top 500 cards are, you aren't getting one of them for $1.