Fractional Ownership Not such a Good idea after all?

[Exhibitman]

Buying a share in a card is the same as buying a share in a corporation: it is a commitment to a belief system, nothing more. Think about it: you got no control of the asset, no role in the group that controls it, and as we see now, no right to determine the outcome.

[G1911]

Originally Posted by Exhibitman

Buying a share in a card is the same as buying a share in a corporation: it is a commitment to a belief system, nothing more. Think about it: you got no control of the asset, no role in the group that controls it, and as we see now, no right to determine the outcome.

With the big difference that one is the financial bedrock of the most powerful nation in world history that will do anything it takes to keep it going and growing, and the other is a share of a baseball card.

[Exhibitman]

Originally Posted by G1911

With the big difference that one is the financial bedrock of the most powerful nation in world history that will do anything it takes to keep it going and growing, and the other is a share of a baseball card.

Equities are not always going and growing, far from it. From 1970-1979, the inflation adjusted return on the S & P 500 was -2.2%. From 2000 to 2009 it was -24.29%. Sure, it rebounds eventually, as does any other investment. That's my point: viewed from the right point in the timeline, everything can look good or bad. If the chaos monkeys in DC have their way June 1st, let's see what sort of growing and going we get over the next decade.

I hold my nose and place my bets in equities, but only because I have nowhere else to go that might generate enough ROI to fund a retirement. That, plus I don't want to be a landlord.

I am by no means suggesting that Collectable had a good idea--it seemed like a sucker bet to me from the start precisely because it was new and did not trade--but to suggest that there is some special fifth element to equities that differentiates them from other investments is to buy into marketing.

[G1911]

Originally Posted by Exhibitman

Equities are not always going and growing, far from it. From 1970-1979, the inflation adjusted return on the S & P 500 was -2.2%. From 2000 to 2009 it was -24.29%. Sure, it rebounds eventually, as does any other investment. That's my point: viewed from the right point in the timeline, everything can look good or bad. If the chaos monkeys in DC have their way June 1st, let's see what sort of growing and going we get over the next decade.

I hold my nose and place my bets in equities, but only because I have nowhere else to go that might generate enough ROI to fund a retirement. That, plus I don't want to be a landlord.

I am by no means suggesting that Collectable had a good idea--it seemed like a sucker bet to me from the start precisely because it was new and did not trade--but to suggest that there is some special fifth element to equities that differentiates them from other investments is to buy into marketing.

If you cherrypick two dates schewed most to your argument out of a 90+ year sample size, you can make anything look like anything. It is immediately obvious at the quickest of glances at the chart that the market increases with time. Our entire economy is fundamentally based on this need, and has been for decades now. Here's the S&P chart, inflation adjusted, without cherrypicking dates. Not all investments rebound eventually. Many do not, ask the beanie babiers. Many individual stocks will not rebound either. But the stock charts going up over time is the bedrock of world order and the economy.

If the stock market collapses, not has a bad year but collapses, the US dollar craters and law and order collapse with it. If it has too many bad years in a row, the end result is about the same. The market is propped up by the first world nations at any cost. States will do whatever it takes to keep the market going and growing over the long term.

If the card market collapses, a small number of people will experience fiscal pain. It is backed by no institution, no state, no people with actual power. It is obviously not the same. I know this is the board where pumper fantasies are popular, people are advised to empty their 401K's to pump cards instead and people have a vested interest in justifying their cardboard portfolios, but it is backed by nothing. That chaos is why it can pay off so big - and is also the risk. The stock market is the bedrock of our entire system. There is an absolutely massive fundamental difference.

[Peter_Spaeth]

The stock market goes up over time because innovation results in improved efficiency which means greater return on capital, at a very high macro level.

[Johnny630]

Originally Posted by g1911

if you cherrypick two dates schewed most to your argument out of a 90+ year sample size, you can make anything look like anything. It is immediately obvious at the quickest of glances at the chart that the market increases with time. Our entire economy is fundamentally based on this need, and has been for decades now. Here's the s&p chart, inflation adjusted, without cherrypicking dates. Not all investments rebound eventually. Many do not, ask the beanie babiers. Many individual stocks will not rebound either. But the stock charts going up over time is the bedrock of world order and the economy.

If the stock market collapses, not has a bad year but collapses, the us dollar craters and law and order collapse with it. If it has too many bad years in a row, the end result is about the same. The market is propped up by the first world nations at any cost. States will do whatever it takes to keep the market going and growing over the long term.



If the card market collapses, a small number of people will experience fiscal pain. It is backed by no institution, no state, no people with actual power. It is obviously not the same. I know this is the board where pumper fantasies are popular, people are advised to empty their 401k's to pump cards instead and people have a vested interest in justifying their cardboard portfolios, but it is backed by nothing. That chaos is why it can pay off so big - and is also the risk. The stock market is the bedrock of our entire system. There is an absolutely massive fundamental difference.

love this!!! Boom

[Peter_Spaeth]

Originally Posted by Exhibitman

Buying a share in a card is the same as buying a share in a corporation: it is a commitment to a belief system, nothing more. Think about it: you got no control of the asset, no role in the group that controls it, and as we see now, no right to determine the outcome.

Not really. A share of a corporation is a share of an enterprise that earns money from producing goods and or selling services. A baseball card is just a piece of cardboard with subjective value only.

[BeanTown]

Originally Posted by Peter_Spaeth

Not really. A share of a corporation is a share of an enterprise that earns money from producing goods and or selling services. A baseball card is just a piece of cardboard with subjective value only.

+1 and I wanted to get snoopy belly laughing again

[jfkheat]

Didn't Evan Mathis try to do this a few years ago??

[Peter_Spaeth]

Originally Posted by jfkheat

Didn't Evan Mathis try to do this a few years ago??

I thought this IS Evan's business

[Republicaninmass]

Originally Posted by Peter_Spaeth

I thought this IS Evan's business

He can Just trim more cards amd sell to cover the losses.

I'm rooting for speculators to get their due. We need a flush to get the (proverbial) turds outta the bowl

[mrreality68]

Originally Posted by Republicaninmass

He can Just trim more cards amd sell to cover the losses.

I'm rooting for speculators to get their due. We need a flush to get the (proverbial) turds outta the bowl

And he can sell the trimmed pieces for a mark up as the new fractional share

[Tyruscobb]

What ever happened to that FL investment broker member? The one who collected wrestling cards. I can’t remember his name. He thought fractional card ownership was the best thing since sliced bread.

[JustinD]

All these focused on the indefensible belief that collectables could never return to their pre-covid pricing. There is no logic other than prayers and wishes that that would happen and more. Especially as we slide rapidly into an economy that continues to slow and an administration that foams at the mouth when it comes to taxing the living hell out of any fiscal transactions. To the extreme of proposing taxing unrealized profits and leaving out my claims of unrealized losses as things drop, lol.

Evan Mathis, Nat Turner and Geoff Wilson, the "greatest of investors", have taken it on the chin for months as they realize life has no guarantees. "Dibbs" has been a dumpster fire, Attempting to sell collectable backed NFTs at peak value as NFTs in general circle the toilet. The backing material has lost so much value that no one will be profiting.

Here's the promised giant mojo wins - https://www.sportscollectorsdaily.co...tplace-closes/

We are heading for the reckoning for these flippers and they can tell the stories of losing millions for years.

The fun of this is I will be buying all the "Bored Apes" that people have for 20 bucks next year after they sold for 2.5 million just because I want to.

[Mike D.]

Originally Posted by Exhibitman

Buying a share in a card is the same as buying a share in a corporation: it is a commitment to a belief system, nothing more. Think about it: you got no control of the asset, no role in the group that controls it, and as we see now, no right to determine the outcome.

OT....but I think you may have also just defined sports fandom.