Michael Jordan future card prices?

[Peter_Spaeth]

Jordan is 60. This is silly. Bryant died suddenly, unexpectedly and dramatically. And any spike was temporary.

[homerunhitter]

Sorry my friend if you think it’s silly but I think it’s a legit question especially for those that don’t collect basketball mainly and are hoping to learn from the seasoned veteran basketball collectors here. Thank you

[Peter_Spaeth]

Originally Posted by homerunhitter

Sorry my friend if you think it’s silly but I think it’s a legit question especially for those that don’t collect basketball mainly and are hoping to learn from the seasoned veteran basketball collectors here. Thank you

I would not buy Jordan cards for the reason that he may die 20 or 25 or 30 years from now, if that is the question. As the GOAT and the most popular athlete still in the hobby, he's probably a reasonably safe buy though, especially as the market has dropped recently. But buy good cards, early ones or popular inserts. Don't buy cards that are essentially commons.

[Smarti5051]

He has a life expectancy of another 20+ years. So, it is unlikely the bulk of Michael Jordan card holders are actively banking on a death spike. Also, FWIW, when players like Hank Aaron and Bill Russell passed recently, there was an extremely brief window where prices spiked, but prices went back to normal shortly thereafter.

[homerunhitter]

Thanks guys,
I appreciate your thoughts and advice on this. I ask this question because I have about 20-25 graded cards of his sitting in a box and I was wondering if I should sell them now or hold them for the future (20-25 years from now) in hopes of making more money like people did in the Kobe spike of prices.

[Peter_Spaeth]

Originally Posted by homerunhitter

Thanks guys,
I appreciate your thoughts and advice on this. I ask this question because I have about 20-25 graded cards of his sitting in a box and I was wondering if I should sell them now or hold them for the future (20-25 years from now) in hopes of making more money like people did in the Kobe spike of prices.

My guess is the S and P 500 will go up over 25 years more than those Jordan cards. Assuming you have a brokerage account, sell the cards and put the money into SPY or the equivalent.

[JustinD]

Originally Posted by Peter_Spaeth

My guess is the S and P 500 will go up over 25 years more than those Jordan cards. Assuming you have a brokerage account, sell the cards and put the money into SPY or the equivalent.

Best advice by far.

[G1911]

Jordans will probably go up for a brief period when he eventually dies, creating an opportunity for people to profit off of his death.

This period will probably be very brief, historically it does not last unless the dead person seeking to be profited from died in exceptional or unusual circumstances.

$50 Jordan cards are unlikely to bounce up very much. One would probably make more money with the right Jordans (the sneakers) than their Jordans (the cards).

There will likely be some monetary gain, probably not large, in its value over time before his death.

Jordans are unlikely to outearn what one could earn through an index fund investing that cash for the next 20-30 years instead.

I have heard from the board that SPY or picking your own stocks is a bad choice though, and that collectors should immediately empty their 401K's, take the massive tax hit losing a large percentage of that cash immediately, and buy the cards our resident pumpers are invested in. You should also take out loans if you cannot afford to buy the pump desired cards in cash, so that you can make the most money in the end.

This is not financial advice

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

My guess is the S and P 500 will go up over 25 years more than those Jordan cards. Assuming you have a brokerage account, sell the cards and put the money into SPY or the equivalent.

I agree with that..in fact , probably from all of things you have said or opined in the past i agree with that the most.

can also sell 20 % upside covered calls as well..

[Smarti5051]

I imagine that depends on what you would do with the money. If you are going to feed your family with the proceeds, seems like a clear "sell now." If you are going to use it to create memories for yourself and/or your family, "sell now" still gets my vote. If you are going to use the money to buy other cards that you want more, that is a third vote for "sell now."

If you are going to sell them to buy other cards you want to hold as an "investment," then it is like moving the chips on the roulette table from one number to a different number while also cutting the IRS in on your gamble. If you like to play for the death spike, I imagine you could trade your MJ cards for Koufax and Mays and increase your odds.

[homerunhitter]

Thanks guys. I appreciate your thoughts on this. Leaning towards selling them and buying cards for my PC. Just didn’t want to make the mistake of selling them now for maybe $50 each and kick my self in the $&@ later when perhaps that $50 per card is now $1,500 per card! (Like during the Kobe spike) but then again it wouldn’t hurt to box them up and throw them in the closed for 20-25 years to see how it turns out. What to do! What to do! I’ll have to think this out for a minute!

[Peter_Spaeth]

Your $50 Jordan cards are not going to sell for 30x. Buy something you like more, or actually invest the money in the stock market.