CNN card story

[Seven]

Originally Posted by TedWill1939

Read that this morning.

Very thankful I was did some heavy buying 3 yrs ago. I have done no buying since the pandemic. I few holes I wish I filled when I had the chance. I suppose I will be on the sidelines for awhile to figuire which way this will be headed or perhaps the ship has sailed and I am priced out for good.

I am a lowgrade collector, I can't imagine the choices some of the upper tier collectors are facing, as there is some serious money being thrown down.

I mostly go after eye appeal myself, Low grades have typically been my bread and butter. Especially as I reentered the Hobby in 2019. I think the term "Serious Money" is relative but I would tend to agree. Serious Money to me is anything over a few thousand at this point in my life. As I try to allocate money for a house, and sock some away for retirement. Before the Pandemic Boom when I saw a 52 topps Mantle in a 1, going for the 10K mark, I was saying to myself "I can defintely get this card in a handful of years, It'll be rough, but it's possible"

Now with a PSA 1's being listed for over 30K it looks less likely as of this moment. I say "As of this moment" because if there is one thing I've learned on here, specifically, it's that collecting is a lifelong Journey. Market will rise and fall, and sure it's very easy to regret purchases not made, but at the same time it is what it is.

I'm in it for the long haul, I'd imagine most of these "Invstors" and "Flippers" are not.

[Touch'EmAll]

Wow, Jig step, dance, hoot and hollar! Not buying now, bet tickled pink to sit tight on what I have. Bet we have a lot of happy campers that frequent this site - holding some darn nice stuff. Congrats to all!

[Exhibitman]

Mixed feelings here: The financial benefits of a coterie of investors getting into cards versus the inevitable inability to collect what I want due to being priced out. I am watching the rise in value carefully; if my collection reaches a certain price level I am selling out and sticking with everything 1970s from when I was a kid instead.

Do you suppose we could get these investors interested in boxing cards? Please??

[AGuinness]

Originally Posted by Exhibitman

Do you suppose we could get these investors interested in boxing cards? Please??

Have boxing cards not enjoyed a bump? I'm curious if there is a modern equivalent to boxing cards, such as MMA. Do you track anything like that?

[DeanH3]

Originally Posted by Exhibitman

Mixed feelings here: The financial benefits of a coterie of investors getting into cards versus the inevitable inability to collect what I want due to being priced out. I am watching the rise in value carefully; if my collection reaches a certain price level I am selling out and sticking with everything 1970s from when I was a kid instead.

Do you suppose we could get these investors interested in boxing cards? Please??

I agree Adam. I have to admit, I have wondered if the smart play is to sell and see what happens down the line.

[Exhibitman]

Garth: with the exception of a few issues of a few fighters that have gone nuts, there has been modest but not startling price increases. That said, the supply of many older issues, especially from the 19th century, has diminished dramatically. People just are not selling.

Dean: if it was just about money, I would agree, but it isn't, at least not yet for me. As I said, though, it might get too good not to sell out. If I could take the post-tax proceeds and tell the fine folks at Wells Fargo to shove their mortgage up their corporate oubliette, well, that would be another story.

The nice thing is that sleazy, scummy Wall Street banksters sticking their blood funnels into the hobby would actually be a step up from the usual collection of con-men, frauds and thieves we are used to dealing with.

[Brian Van Horn]

Ah, CNN. Next. No, I am not a follower of Fox News.

[Rich Klein]

Originally Posted by Brian Van Horn

Ah, CNN. Next. No, I am not a follower of Fox News.

Fox News already covered one person a couple of months ago Of course it was on Pokemon cards

https://www.fox5atlanta.com/news/stu...raduate-school

[AGuinness]

Originally Posted by Exhibitman

The nice thing is that sleazy, scummy Wall Street banksters sticking their blood funnels into the hobby would actually be a step up from the usual collection of con-men, frauds and thieves we are used to dealing with.

Wish that would fit on a t-shirt or bumper sticker...

[TedWill1939]

The nice thing is that sleazy, scummy Wall Street banksters sticking their blood funnels into the hobby would actually be a step up from the usual collection of con-men, frauds and thieves we are used to dealing with.[/QUOTE]



I think it maybe the opposite. It might bring out even better fakery and worse dealings. Ive seen it in other hobbies, increase in demand + high dollars = shady dealings

[Chicosbailbonds]

Originally Posted by TedWill1939

The nice thing is that sleazy, scummy Wall Street banksters sticking their blood funnels into the hobby would actually be a step up from the usual collection of con-men, frauds and thieves we are used to dealing with.

The only difference I see is they wear nicer clothes.

[Tao_Moko]

Originally Posted by Exhibitman

Mixed feelings here: The financial benefits of a coterie of investors getting into cards versus the inevitable inability to collect what I want due to being priced out. I am watching the rise in value carefully; if my collection reaches a certain price level I am selling out and sticking with everything 1970s from when I was a kid instead.

Do you suppose we could get these investors interested in boxing cards? Please??

Sure, sure. It's a disease. I have sold my collection no less than 3x and here I am again.

[Rich Klein]

Mel and Tim said it best in 1972:

https://www.youtube.com/watch?v=LDtPrJIxB68

Regards
Rich

[todeen]

Just remember, most people don't read to the end of an article.....where the warning about boom and bust cycle actually is located within this article. I remember that people loved beanie babies, too.

I did make a purchase this month due to FOMO. I thought, geez, if I don't get it now, will I ever be able to afford it?

[Wanaselja]

Originally Posted by todeen

Just remember, most people don't read to the end of an article.....where the warning about boom and bust cycle actually is located within this article. I remember that people loved beanie babies, too.

I did make a purchase this month due to FOMO. I thought, geez, if I don't get it now, will I ever be able to afford it?

Jealous.

[Exhibitman]

Originally Posted by todeen

I did make a purchase this month due to FOMO. I thought, geez, if I don't get it now, will I ever be able to afford it?

Heh, me too. Last HOFer I can reasonably afford in the 1952 Topps set.