Baltimore News in REA

[hcv123]

I have been keeping an eye on the platform. They are supposedly under the authority of the SEC - I have not researched or confirmed this. I haven't "invested" in anything yet, but was intrigued by the Ruth. Agree that only 1% being offered seems a bit weird.

[Mrc32]

Originally Posted by hcv123

I have been keeping an eye on the platform. They are supposedly under the authority of the SEC - I have not researched or confirmed this. I haven't "invested" in anything yet, but was intrigued by the Ruth. Agree that only 1% being offered seems a bit weird.

They are under the jurisdiction of the SEC. It really is an interesting process. You become like a "partner" in the card. You have to give over just about every piece of information about yourself when you sign up which is interesting. Like I said I've invested in a few pieces. Made about $80 on my $500 or so invested so far. The buy/sell feature is interesting...after 90 days or so after the IPO you can buy and sell your shares.

One thing I've found interesting is people throw money at almost EVERY ipo. I consider it dumb money. Some of the IPOs are way overvalued at launch. Some are fairly valued. Its a fun process IMO. Will be interesting to see where it goes.....

[Leon]

I don't tend to own much, except stocks, that I can't have and touch. And no respectable shark would do a deal for under 10%. To each their own. I think it's interesting just not for me. So for those reasons, I am out.

With SEC regulation it, hopefully, has to meet certain financial criteria.
But good luck to the company in their endeavor. It certainly adds another dimension to collecting.


.

[slightlyrounded]

I, for one, can't wait for this hyper-financialization of cards to take full hold. I'm talking low-MER, index-based products that track the market perfectly. Think of all the time I'll save: no more searching e-bay, card shows and other obscure corners of the internet...just debit my bank account monthly (gotta dollar-cost average) and send me a quarterly statement.

I finally won't have to worry about my poor tastes and purchases underperforming everyone else in the hobby.

[MVSNYC]

Originally Posted by Leon

I don't tend to own much, except stocks, that I can't have and touch. And no respectable shark would do a deal for under 10%. To each their own. I think it's interesting just not for me. So for those reasons, I am out.

With SEC regulation it, hopefully, has to meet certain financial criteria.
But good luck to the company in their endeavor. It certainly adds another dimension to collecting.
.

Leon, I think the correct quote is, "I don't get out of bed in the morning for anything less than 10%."

[samosa4u]

Kim Kardashian gave people a chance to own a piece of her ass by offering two-percent of it to the public. Each share was worth $14 US and I bought five-hundred of them. It was great telling people that a piece of her ass belonged to me. Anyhow, when she started getting fatter, I decided to sell my shares to somebody else and I made $235 US profit! Thanks Collectable! All jokes aside, the idea that someone can own a "share" of a card is something that never appealed to me. I'm hoping the market will return to normal someday and then we can all start buying CARDS again!

[Jdoggs]

How much do you think Baltimore Ruth psa 4 would sell for?