Taking money out of retirement funds to purchase cards

[Fuddjcal]

Originally Posted by parkplace33

On another forum, I read a post where two member spoke about buying cards and withdrawing funds to purchase vintage cards that they wanted. One had being doing it for a while and said that “buying and holding vintage cards made more sense that investing in stocks”.

In a recent conversation with a dealer, he said that this was commonplace, especially in the last few years. Some buyers have had to delay card purchases due to having wait for the payout from funds.

Is this commonplace? I, personally, cannot fathom withdrawing funds from my retirement for card purchases, but maybe I am in the minority.

what really makes sense is the 30% taxes with penalty. Very Dopey Strategy made by Dopey Mcdope dopes

[Johnny630]

Originally Posted by Fuddjcal

what really makes sense is the 30% taxes with penalty. Very Dopey Strategy made by Dopey Mcdope dopes

Very Dopey Chuck. I hope Bob C can opine on this further. To me, this whole subject of investing in sports cards has taken a sharp turn for many to day trading, no buy and hold investing or buy and homework investing. They want To be vaulted where they can easily flip their cards while buying other ones in the blink of an eye. I don’t mind people investing in cards one bit, it’s the PWCC Brokerage House Trading that has me a little concerned about the future.