Taking money out of retirement funds to purchase cards

[todeen]

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.

I would be shocked if it was investing in modern sports cards. That's a risky game especially Bowman 1st. I wouldn't encourage that.

My dad did not invest in stocks, he invested in index fund portfolios. it created diversity and shrank risk. it also prevented high yields from stocks like Apple and Amazon. If an investor is strictly talking selling stock to invest in major foundational sports cards, I'd probably not be too concerned because IMO the risk is the same, and he's trying to create diversity. But if an investor wanted to move from an index fund to cards, maybe I would be hesitant because diversity is built into the funds.

I would think the investor could do no more worse with major foundational cards than with bonds. I might even encourage cards over bonds if they are just trying to hedge against inflation rather than seeing it as a volatile market.

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