$15,000 to spend on 1-5 cards...WWYD?

[Peter_Spaeth]

Originally Posted by raulus

And all of the people who bought bitcoin at $67k thinking it would go straight to $1M wish they had waited instead and bought today at $19k.

We all have our opinions about the current market for cardboard and where it’s going over the next few years. If there was any doubt about my opinion, now you know it. And naturally, others will disagree, as is their God-given right.

Almost every time I bought a (for me) significant card, people I know and talk to regularly told me to wait until the price dropped because it had gone up so much recently. That would have worked out real well.

[raulus]

Originally Posted by Peter_Spaeth

Almost every time I bought a (for me) significant card, people I know and talk to regularly told me to wait until the price dropped because it had gone up so much recently. That would have worked out real well.

In the face of withering and indisputable evidence, please consider my earlier comments to be withdrawn. Go nuts and buy everything you can while you still can. Cardboard only goes up!

[Peter_Spaeth]

Originally Posted by raulus

In the face of withering and indisputable evidence, please consider my earlier comments to be withdrawn. Go nuts and buy everything you can while you still can. Cardboard only goes up!

Now you're talking my friend. To the moon, Alice. And meanwhile, you wait patiently because the crash is surely coming and you surely can time it perfectly.

[raulus]

Originally Posted by Peter_Spaeth

Now you're talking my friend. To the moon, Alice. And meanwhile, you wait patiently because the crash is surely coming and you surely can time it perfectly.

To infinity and beyond!!

In all seriousness, I’m not buying cardboard strictly to invest. If I happen to make some money, then all the better, but my personal enjoyment and the fun of collecting is as important if not more so than any return on my investment. Disclaimer: this statement is not intended to preclude my ability to assert my status as an investor for tax purposes…

And when cardboard prices are incredibly high, then I have other priorities in my life that bring me joy that I can allocate resources to. For the last 24 months, I’ve been focused on other priorities, while continuing to add to my cardboard collection at the margins, for pieces that I’m feeling I can get at a price that works for me.

And if prices only go up from here, that’s cool too. I’m happy to sit on my collection and just let it ride, without adding to it. Heck, if it goes up another 500%, maybe I’ll even sell, just to put my money where my mouth is.

[Peter_Spaeth]

I don't look at any card purchase as a true investor would, but at the same time, with lots of exceptions admittedly, I try to buy cards I think are good long term value. So at this point for example I probably wouldn't buy anything but a rookie card of most players other than the very top of each sport. Post war that is, prewar I don't think the RC thing is that meaningful.

[raulus]

Originally Posted by Peter_Spaeth

Now you're talking my friend. To the moon, Alice. And meanwhile, you wait patiently because the crash is surely coming and you surely can time it perfectly.

And another Buffett quote, since he’s the man:

“Be fearful when others are greedy, and be greedy when others are fearful.”

To my mind, it’s less about timing for jumping in and out of the cardboard market, and more about relative resource allocation. Allocate more when the market is down, and less when the market is triple the all-time high.