For those who believe today’s values are up……

[packs]

I think it’s possible to balance any bad buy as long as you have time on your side. If you paid up in 2021 but have the luxury of holding your cards for another 5 or 10 years I think you’ll make out just fine in the end. But if you bought in 2021 to sell in 2023 you aren’t in a good place.

[oldjudge]

Depends what you bought

[packs]

True. A lot of people paid a lot of money for Jordan and LeBron rookies. Probably not much chance you’re going to dig your way out of a Jordan PSA 9 or 10 anytime soon but for the middle grades even if you overpaid you should be safe waiting it out.

If you bought Ja Morant cards or something you might have to eat that.

[ullmandds]

Timing is EVERYTHING!!!!! It's taken me most of my 55 years to act on the phrase..."only fools rush in!" While I still act foolishly...often. When buying "investments" whether cards...or stocks...patience is paramount. Now I'm not talking the patience ben young is exhibiting in his search for a 21' ruth exhibit card...i'm saying do your due diligence.

Time is your friend...and your enemy!!!!

[oldjudge]

Exactly, the buyers of eight figure Jason Dominguez cards might have to wait a while to be back in the black. 🤣

[Casey2296]

Originally Posted by ullmandds

Timing is EVERYTHING!!!!! It's taken me most of my 55 years to act on the phrase..."only fools rush in!" While I still act foolishly...often. When buying "investments" whether cards...or stocks...patience is paramount. Now I'm not talking the patience ben young is exhibiting in his search for a 21' ruth exhibit card...i'm saying do your due diligence.

Time is your friend...and your enemy!!!!

I would agree, although I've never bought a card as an investment always as an addition to my PC, for me it's always "Gee, I could spend this money on so many other things" but it's hard to shake that collector bug.

And it's never a bad time to pick up a 14CJ Cobb...

[bcbgcbrcb]

Focusing on the blue chip cards for post-war from mid-2021 to today:

Mantle RC down
Mays RC down
Aaron RC down
Clemente RC down
Koufax RC down
Jackie RC down
Musial RC down

That’s a clean sweep, 7 for 7, all down and I believe these are the biggest 7 names of the post-war era. So, my question is now, if you hold on to these long enough, you will reach the black eventually or never again reach those heights? I happen to believe the prices will one day exceed 2021, maybe 5 years from now on some/most?

[Snowman]

The market has cooled over the past couple years, but it also had an enormous and unsustainable runup just prior to that. Anyone that has every studied how markets work should have expected a correction. Here is the CL50 index plot from 2018 (an index of the hobby's top 50 cards, according to CardLadder). The peak corresponds to April, 2021.

If you just ignore March through June of 2021, it doesn't look quite so gloomy.

[calvindog]

Originally Posted by bcbgcbrcb

Focusing on the blue chip cards for post-war from mid-2021 to today:

Mantle RC down
Mays RC down
Aaron RC down
Clemente RC down
Koufax RC down
Jackie RC down
Musial RC down

That’s a clean sweep, 7 for 7, all down and I believe these are the biggest 7 names of the post-war era. So, my question is now, if you hold on to these long enough, you will reach the black eventually or never again reach those heights? I happen to believe the prices will one day exceed 2021, maybe 5 years from now on some/most?

I think they surely come back. When is another story.

[Balticfox]

Originally Posted by bcbgcbrcb

Focusing on the blue chip cards for post-war from mid-2021 to today:

Mantle RC down
Mays RC down
Aaron RC down
Clemente RC down
Koufax RC down
Jackie RC down
Musial RC down

That’s a clean sweep, 7 for 7, all down and I believe these are the biggest 7 names of the post-war era. So, my question is now, if you hold on to these long enough, you will reach the black eventually or never again reach those heights?

"Never" is a long time. How long it takes for those cards to "get back" to those peak prices may therefore be largely a function of how quickly the government debases the currency. We're not on any gold standard (or even a less formal silver standard) anymore.

[jsfriedm]

Originally Posted by bcbgcbrcb

Focusing on the blue chip cards for post-war from mid-2021 to today:

Mantle RC down
Mays RC down
Aaron RC down
Clemente RC down
Koufax RC down
Jackie RC down
Musial RC down

That’s a clean sweep, 7 for 7, all down and I believe these are the biggest 7 names of the post-war era. So, my question is now, if you hold on to these long enough, you will reach the black eventually or never again reach those heights? I happen to believe the prices will one day exceed 2021, maybe 5 years from now on some/most?

In nominal terms, they will certain exceed 2021 one day, in inflation-adjusted terms, I'm not so sure.