As I See It...

[Peter_Spaeth]

Originally Posted by frankbmd

Flipper 54

Flip of the Month Club

Out Flip This

SST - Steal, Sell & Trade

Prewar Flipping

Flipping The Monster

Running threads

Your best ROI?
Your most profitable trade?
Which investor do you model your card purchases/sales on?
Underrated investment players
Which is the better investment, vintage or modern?

[jingram058]

Well, if I am overruled or in the minority, so be it. I got yelled at occasionally by even Captains and Admirals in the Navy. I'm a big boy and won't go to pieces. I guess the next alternative, if the investments outweigh simply collecting cards and the great, enlightening discussions, is (as has been suggested on multiple occasions in other threads) to ignore the sportscard investment BS threads. And not attempt to hijack threads or post obnoxious comments.

[Carter08]

Not obnoxious by any stretch and worth discussing.

[Mike D.]

Originally Posted by Carter08

Not obnoxious by any stretch and worth discussing.

Right…if the OP hopes to be considered “obnoxious” by internet standards, he’s got a LONG way to go!

[egri]

Originally Posted by jingram058

I got yelled at occasionally by even Captains and Admirals in the Navy.

I can't say I've ever had the "pleasure" of being yelled at by an Admiral; so far it's only Captains and below I've managed to get on the wrong side of.

I am a collector, but there has to be a financial component to my collecting. If I didn't consider whether I could reasonably recoup my money if I had to sell, well then I'd have a lot more cards and a lot less money. If it all goes to zero tomorrow, I won't be the happiest person on the forum, but it's not the end of the world. And if my collection continues to appreciate, then I won't complain about that either.

[egri]

I’m in the ‘if it ain’t broke, don’t fix it’ camp, and I like seeing both sides of the hobby. And my opinion, which is worth the paper it’s printed on, is that when the next correction comes, it will drive a lot of the investors out of the hobby. Not all, but enough to put a damper on the investment chatter.

[irishdenny]

Originally Posted by egri

I’m in the ‘if it ain’t broke, don’t fix it’ camp, and I like seeing both sides of the hobby. And my opinion, which is worth the paper it’s printed on, is that when the next correction comes, it will drive a lot of the investors out of the hobby. Not all, but enough to put a damper on the investment chatter.

*Then This Wil Be a Grand Time to Invest (:

[Lorewalker]

Originally Posted by Peter_Spaeth

Running threads

Your best ROI?
Your most profitable trade?
Which investor do you model your card purchases/sales on?
Underrated investment players
Which is the better investment, vintage or modern?

What is the most expensive card you have fractional ownership of?
Which card that you have fractional ownership of is your most valuable?
Most flips you have done in a day?
What's your favorite NFT?
What percentage of your portfolio was paid for by crypto?

[BobC]

As Peter already said, I think you'll find the majority of people on here are somewhere in the middle of that collector-investor spectrum or arc. Even though a lot of people on here, especially us older folk, mostly started out as true collectors, with the accumulation of cards we've acquired and held on to over many years, coupled with the appreciation in the value of those cards (especially over the past couple of years), a lot of these collections have come to be way more in value today than many of us could have ever dreamed. I know that for a fact in my own case. When I started out collecting vintage 20-30 years ago, I figured one day I might have a few thousand dollars worth of cards in a collection, but that was it. But with the way prices and values have jumped and grown, along with picking up more and more cards as the years went by, my few thousand dollar expectation has turned into a six figure collection reality. I don't really sell or trade anything, so I'm not looking to flip cards and still am a collector, but sitting on a collection with a value in six figures, I can't ignore that fact and have to think about it as retirement looms and things regarding our economy are constantly changing around us. To not consider my collection as an asset/investment now is just shortsighted and downright foolish. And have to believe the same may hold true for a lot of other people on here now.

[BobC]

With all this talk of fractional ownership of cards, here's a thought/question. What if the current owner of the Gretzky Wagner (is it still Kendrick?) decided to sell it and it ended up being purchased by a publicly traded company, for whatever reason. Would any of you ever consider then going out and buying some stock in that company, because doing so would then technically make you a partial owner of that Greztky Wagner (or whatever famous card it is that you'd like to own, but can't afford on your own)?

If you answer no, then you probably shouldn't ever consider something like is being suggested in regards to investing with others just so you can own a fractional share of a particular card. It is technically the same thing in both instances.

[Peter_Spaeth]

Originally Posted by BobC

With all this talk of fractional ownership of cards, here's a thought/question. What if the current owner of the Gretzky Wagner (is it still Kendrick?) decided to sell it and it ended up being purchased by a publicly traded company, for whatever reason. Would any of you ever consider then going out and buying some stock in that company, because doing so would then technically make you a partial owner of that Greztky Wagner (or whatever famous card it is that you'd like to own, but can't afford on your own)?

If you answer no, then you probably shouldn't ever consider something like is being suggested in regards to investing with others just so you can own a fractional share of a particular card. It is technically the same thing in both instances.

I don't want a fractional anything but it's not really the same, presumably the Gretzky Wagner would be a much more material part of a card syndicate's portfolio than it would be of a publicly traded corporation's assets, plus an individual is going to own a much larger share of the syndicate than the public corp, and therefore in the former you might expect to profit from it but not in the latter.

[Eric72]

I wonder if card doctors are going to start keeping the material they trim away...and then call it fractional ownership.

[Peter_Spaeth]

Originally Posted by Eric72

I wonder if card doctors are going to start keeping the material they trim away...and then call it fractional ownership.

On the other side of that, we all own the fractions they didn't trim.

[BobC]

Originally Posted by Peter_Spaeth

I don't want a fractional anything but it's not really the same, presumably the Gretzky Wagner would be a much more material part of a card syndicate's portfolio than it would be of a publicly traded corporation's assets, and therefore in the former you might expect to profit from it but not in the latter.

Aaahhhh, Peter, now that is one difference I was trying to keep out of it, the investment side. If someone just truly wanted to own a piece of the Wagner, either way, the person buying into a corporate owner or a card syndicate owner would end up with what they wanted, an ownership piece of the Wagner card, right? Now if they wanted a bigger piece of it, they could always buy more stock in the corporation, or more units in the card syndicate. But I don't think there'd be much difference in such an owner's eyes between owning say .000001 or .00001 of something. At that level I think such a person would/should be happy to own any nominal interest in a card such as the Wagner, no matter how small.

But if you're talking about buying in as an investment and to make money, that was not the ownership aspect I was referring to. So hopefully then you'll agree that I'm right with my original statement if you take the investor from the conversation. But if you are looking at it from purely the investment side, I agree with you, you're probably better off if you can buy in through a card syndicate.

(And I also wouldn't want to own a fractional interest either way like that in any card, just like you.)

[Peter_Spaeth]

Originally Posted by BobC

Aaahhhh, Peter, now that is one difference I was trying to keep out of it, the investment side. If someone just truly wanted to own a piece of the Wagner, either way, the person buying into a corporate owner or a card syndicate owner would end up with what they wanted, an ownership piece of the Wagner card, right? Now if they wanted a bigger piece of it, they could always buy more stock in the corporation, or more units in the card syndicate. But I don't think there'd be much difference in such an owner's eyes between owning say .000001 or .00001 of something. At that level I think such a person would/should be happy to own any nominal interest in a card such as the Wagner, no matter how small.

But if you're talking about buying in as an investment and to make money, that was not the ownership aspect I was referring to. So hopefully then you'll agree that I'm right with my original statement if you take the investor from the conversation. But if you are looking at it from purely the investment side, I agree with you, you're probably better off if you can buy in through a card syndicate.

(And I also wouldn't want to own a fractional interest either way like that in any card, just like you.)

Why would any COLLECTOR want to own a fraction of a card?