Poll - The Stock Market and Vintage Sales

[sb1]

Traditionally when the stock markets decline, many people will move into the "alternative investments" one of which now is sports collectibles,(used to be art and antiques), which tends to make our collectibles more attractive and rise in value.

[MR RAREBACK]

The only thing I cut back on is how much I'm spending on food.

[mrreality68]

I keep the 2 separate parts of my collection and long term investments

So when the market goes down I actually put more funds into the market and sometimes if it goes down a lot I will take some funds from my card funds and put extra into the market.

I know many people that have funds and when the market is down they actually keep there money in the market so they do not take a loss but they will not put new money into it and look for alternatives places to put the money and collectibles is on such avenue for them.

[Peter_Spaeth]

....

[RhodeyRhode]

I would say absolutely especially in the $500-$10,000 range of cards. Above that you can withstand downturns. But in the range people pull back incase they need money not knowing when market will bounce back

[Exhibitman]

Diversify, Leon; you're way too old not to

[jethrod3]

I think the stock market WILL have a bearing on the pre-war card market. Some rare and star cards will always sell well, but I think prices in general will fall if the stock market continues to have more bad days than good, as people deal with real or perceived losses of some chunk of disposable income.

But for me, the stock market might dictate how long I put off retirement but not the buying of cards I need. As I head toward exiting late middle-age (at least on paper, though not necessarily in mind or body), I tend not to stray from a philosophy I adopted when I was firmly in middle-age: Unless I'm completing a set and need a scarce piece for my collection, or a particular card I've always wanted but still have yet to purchase (in which case I might be willing to overpay a bit), I try my best not to buy anything that my wife or kids can't sell the next day for at least around the same price that I paid for it!

[Leon]

Originally Posted by Peter_Spaeth

....

Not sure where you got that graph from but it is factually wrong, as far as I can tell.

As for diversifying; hey I went from 1 stock to 2 stocks to 4 stocks. But they are all technology ones . Buy the dip!
.

[Smanzari]

Definitely does for me, prime buying time coming soon in a couple weeks!

[Cory]

Is anyone aware of current card indexes - I know that PWCC used to do a TOP 500, and I've seen someone indexed a t206 set vs. the S&P 500 before (but only for a few years and very old data at this point) - the Vendix - link below. Eyeballing the PWCC top 500 chart through 2018 or so it doesn't look like there is much correlation between stocks and cards.

A nice T206 520 Index would be great - with current and historic values.

https://t206resource.com/Article%20V...206%20Set.html

[Peter_Spaeth]

Originally Posted by Leon

Not sure where you got that graph from but it is factually wrong, as far as I can tell.

As for diversifying; hey I went from 1 stock to 2 stocks to 4 stocks. But they are all technology ones . Buy the dip!
.

How is it wrong? It isn't wrong.

[Leon]

Originally Posted by Peter_Spaeth

How is it wrong? It isn't wrong.

Maybe I am misreading it?
I guess if you are talking about the day it started, then yes, anything would be an increase (3000%?). Otherwise, it looks like that graph is saying we have record amounts of positive gains, when we don't. The Dow was down by about 10% yesterday, from all time highs. This is more like it, as of today.....(all time high is about 45000)


Dow Jones Industrial Average (^DJI)

Follow
41,502.29
-409.42
(-0.98%)


.