Does The Stock Market Influence Your Vintage Purchases?

[japhi]

Consumer behavior is funny, when asset values are rising we get FOMO and act irrational. Down markets, that psychology is the opposite, consumer spending grinds to a halt when RE, equities get hammered. House appraised at 100K less, investments down another 200K, and cost to carry any debt up significantly? Turns out we aren't as rich as we thought we were.

Bottom is about to fall out on a wide range of assets, should be very interesting to see how the hobby reacts.

Personally, I will be a buyer, following a number of cards that are 20-30% off peak and hoping they go lower.

[Johnny630]

Originally Posted by japhi

Consumer behavior is funny, when asset values are rising we get FOMO and act irrational. Down markets, that psychology is the opposite, consumer spending grinds to a halt when RE, equities get hammered. House appraised at 100K less, investments down another 200K, and cost to carry any debt up significantly? Turns out we aren't as rich as we thought we were.

Bottom is about to fall out on a wide range of assets, should be very interesting to see how the hobby reacts.

Personally, I will be a buyer, following a number of cards that are 20-30% off peak and hoping they go lower.

Boom

[carlsonjok]

There isn't any change in my hobby behavior because my hobby spending is probably less than 2% of our net monthly income, and my collection is probably about 1% of our net worth. I grew up with middle class, but frugal, parents and I am pretty much the same. I've never spent more than $400 on a card and, even then, it took herculean effort to open my wallet.

I did fairly well sitting on cash and pushing it into equities in the COVID crash. My expectations is, like others, we are entering a bear market as the Fed grapples with (hopefully) transitory inflation, and I'll do the same again. With 8-10 years to retirement, I can ride a long term bear market.

[parkplace33]

https://www.cnbc.com/2022/05/09/infl...vey-shows.html

Consumers grew a little more optimistic about inflation in April, though they still expect to be spending considerably more in the year ahead, a Federal Reserve survey released Monday shows.

Inflation expectations over the next year fell to a median 6.3%, a 0.3 percentage-point decrease from the record high in March, according to data going back to June 2013. On a three-year basis, expectations rose 0.2 percentage point to 3.9%, which itself is 0.3 percentage point off the record.

The data comes with 12-month inflation in March running at 8.5%, the highest level since December 1981. April consumer prices are due to be reported on Wednesday.


Lets see what is released on Wednesday.

I do expect more card price volatility this summer, ultimately trending downward. I think for the average collectors, cards are not going to be a priority for the next few months.

[Johnny630]

Cash Will Be King at this Years National, Bank On It !!!! Especially come middle Saturday.

Get your shopping list ready.

Cash is king especially at this years National, a lot of dealers are over levered and possibly underwater on cards.

[KCRfan1]

I am a small player in the t206 market. I look for good value in the cards I buy and if I get a HoF for under $150 I'm happy.

Limited in budget, I have followed others advice of buying centered and " overpaying today is underpaying tomorrow."

I have done very well the past 4 years as a result of what I purchased.

The big names in the t206 series are way out of reach for me, however moderate HoF's are within budget....for now. I have a nice collection of what would as 1's, graded and ungraded.

All I collect are t206's, not building the set, but it is all I will buy.

50 cards and growing.....

[jingram058]

In decades past, when I used to go to card shows regularly, I found that dealers were ready to make deals on the last day, just before packing up. And cash money talked. Many of my cards were bought that way. My 58 Mantle comes immediately to mind. There are many, many others.

My investment was staying in the Navy and getting a 65% pension. Totally unaffected by the stock market.

100% affected by the price of cards. I will never pay thousands of dollars for baseball cards.