Taking money out of retirement funds to purchase cards

[Peter_Spaeth]

Originally Posted by Republicaninmass

Exactly the same sentiment. It's scary. Many factors also resemble the housing boom that led to the financial crisis.

Who knows, but all asset classes have their own set of risks especially short to medium term. IMO this bright line distinction between the stock market and cards is not necessarily right.

[raulus]

Originally Posted by Peter_Spaeth

Who knows, but all asset classes have their own set of risks especially short to medium term. IMO this bright line distinction between the stock market and cards is not necessarily right.

I don't think there's anything wrong with having a portion of your assets in nontraditional investments like collectibles. And I think we're all on board with that idea. Hell, if I'm honest, especially based on the runup in values the last couple of years, about 25% of my assets are tied up in cards. At the same time, I max out my contributions every year to my retirement accounts.

But taking cash out of your retirement accounts to buy collectibles is folly.