Will this stock market madness affect cards?

[Hankphenom]

...then everyone should sell now at the relative top of the market and put every dollar into the best old baseball cards and memorabilia they can find. Disclaimer: I am probably the worst investment advisor on the planet, never owned a stock or bond, always preferred to have cash and other things I could see and touch. I have also never lost a minute's sleep over it and lived quite comfortably.

[Goudey77]

Hank you must be from the pre war era. I don’t blame you for your philosophy. Stick to your beliefs and live your best life.

[Hankphenom]

Originally Posted by Goudey77

Hank you must be from the pre war era. I don’t blame you for your philosophy. Stick to your beliefs and live your best life.

Which war? I've lived through far too many of them. Born in April '46, leading edge Boomer. Dad was discharged from the Army Air Corps at the end of WWII, you do the math. Thanks, Martin, and all good wishes to you, too. I've just always done what I felt was right for me and those in my circle, no philosophy, really. Not long ago I mentioned at a party that I'd never owned a cell phone and had a young guy literally implore me not to go there. I realize most people can't do without one, and it's not like I'm anti-tech, I love things like FB and Net54, I just don't want them around and beckoning to me everywhere I go.

[ullmandds]

Don’t know many people buying high dollar baseball cards this morning?

[Brian Van Horn]

The official reply from Smart Alecks Anonymous:

https://www.youtube.com/watch?v=PdbpmeUODME

[Republicaninmass]

Originally Posted by ullmandds

Don’t know many people buying high dollar baseball cards this morning?

Funny I dont many people SELLING either. Guess they will post tonight once losses set in.


HA!

[ullmandds]

Originally Posted by Republicaninmass

Funny I dont many people SELLING either. Guess they will post tonight once losses set in.


HA!

I DO see some selling? I'm seeing some quality cards on BST and elsewhere for kinda reasonable prices.

[Hankphenom]

Originally Posted by ullmandds

Don’t know many people buying high dollar baseball cards this morning?

On the other hand, there's going to be a LOT of cash floating around after all the selling and no good place to put it. If a lot of good stuff starts coming out at softer prices, there will be temptation for the actual collectors out there to act on the opportunity to pick stuff up. In general, however, your point is well taken and I do anticipate a freezing up of this market along with many others. I remember setting up at the Reading show in September '08 the weekend of the financial meltdown and there was literally no buying or selling going on, probably the strangest show I ever did from a business standpoint, everyone just sitting on their hands not knowing what was going to happen next.

[Huysmans]

Originally Posted by Goudey77

Hank you must be from the pre war era. I don’t blame you for your philosophy. Stick to your beliefs and live your best life.

Martin, you sound like you were born five minutes ago, in the modern shiny junk era - which is fitting. I'm sure you don't even have a philosophy yet, how could you? Don't stick to any juvenile beliefs, because as you mature and get wiser, your views will undoubtedly change. This you'll learn. I'd add more youngster, but I'm getting tired and it's starting to get hard to see the monitor, plus your young mind is probably already drifting to video games, taking photos of your food, social media complaining/whining and learning the latest cool slang word to impress your "peeps"

[bbcard1]

It's interesting Gary Vee has been pushing baseball cards as an investment pretty hard. I am happy to report he's bullish on shiny and seems to care little about mid grade reward cards.

[sportscardpete]

I think baseball cards are just like any other collectible - you have rare items that will always have a bid and you have some "momentum" type cards that will lose a lot of money when the buying pool is trimmed. People that have big money into cards (for the most part) are usually not affected by wild market swings. The real issue will be the over-leveraged collections that need liquidity.

I also think we've been a bit lucky in terms of not seeing that many drawdowns over the years. They happen. You save some cash, deploy what you can, and the collection should grow over time. If you're using discretionary spending wisely any discount in cards should be well received.

[Nunzio11]

What market volatility? As of Jan 12th the PWCC 100 Index is up 290% since Jan 2008.

[Johnny630]

Who are the ones actually buying these cards at record numbers?

I’m not buying it, neither the cards or the whole premise, are you?

[Goudey77]

Hi Brent, My words were of support and agreement of doing things with a personal perspective. I'm not about online bullying or pushing my beliefs onto others.

Thanks for the comment.

Martin.

Originally Posted by Huysmans

Martin, you sound like you were born five minutes ago, in the modern shiny junk era - which is fitting. I'm sure you don't even have a philosophy yet, how could you? Don't stick to any juvenile beliefs, because as you mature and get wiser, your views will undoubtedly change. This you'll learn. I'd add more youngster, but I'm getting tired and it's starting to get hard to see the monitor, plus your young mind is probably already drifting to video games, taking photos of your food, social media complaining/whining and learning the latest cool slang word to impress your "peeps"

[Touch'EmAll]

Thank goodness I have more than just stocks. I have baseball cards...whew! Diversify they say.

[todeen]

Originally Posted by 100backstroke

Thank goodness I have more than just stocks. I have baseball cards...whew! Diversify they say.

Lol

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[Johnny630]

Has Anyone Heard about the Status is this Years National due to the Coronavirus?