Poll - The Stock Market and Vintage Sales

[BobbyStrawberry]

Prices for consumers going up, retirement accounts going down...I'm certainly not stocking up on card purchases.

[Casey2296]

Originally Posted by BobbyStrawberry

Prices for consumers going up, retirement accounts going down...I'm certainly not stocking up on card purchases.

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Rare pre-war increasing in price, still a financial struggle to keep up with that market.
Entry points coming down on phenomenal American companies, what's not to like?

[ValKehl]

[QUOTE=Casey2296;2507591]-Entry points coming down on phenomenal American companies, what's not to like?[/QUOTE]

The hit to my S&P 500 mutual fund today, for starters!!

[bk400]

And a card for the thread. An American symbol of class, consistency, competence and excellence.

[Casey2296]

[QUOTE=ValKehl;2507595]

Originally Posted by Casey2296

-Entry points coming down on phenomenal American companies, what's not to like?[/QUOTE]

The hit to my S&P 500 mutual fund today, for starters!!

Time in the market Val not market timing. A great time to dollar cost average into the S&P, depending on your horizon. If it helps I would love to buy back my Shotwell back I traded you :-)

[ValKehl]

[QUOTE=Casey2296;2507598]

Originally Posted by ValKehl

Time in the market Val not market timing. A great time to dollar cost average into the S&P, depending on your horizon. If it helps I would love to buy back my Shotwell back I traded you :-)

Hi Phil, hope all is going well for you. My wife and I have always followed your advice, as we have never been market timers. We follow the "Hold What You Got" advice found on the backs of many W502 cards. We held what we had during the 2007-09 recession, and our investments turned out okay. We are hoping for the same result once the recession/stagflation period we are now entering is over. We have been tempted to move $$ from our high-yield savings account into our S&P 500 fund when we thought the stock market had hit rock bottom, but we've never had the courage to take the plunge.

One of my collecting focuses is type cards. I'm especially partial to scarce type cards with neat advertising, such as the nice Shotwell Mfg. Co. card you traded me 2 years ago. But hey, you got my Western Playground type card which I still miss, and I doubt you care to offer it back to me. Tell you what, you come up with a Sam Rice card I need, especially a Witmor Candy with the vertical back, and you'll have your Shotwell back in a heartbeat!

[Touch'EmAll]

Love the '66 Aaron. Great card ! Thanks for posting.

[oldjudge]

I think collectibles may provide a safe haven for money coming out of the stock market.

[raulus]

Originally Posted by ValKehl

We have been tempted to move $$ from our high-yield savings account into our S&P 500 fund when we thought the stock market had hit rock bottom, but we've never had the courage to take the plunge.

Maybe instead of moving over a gigantic chunk when you think the bottom has arrived, move smaller chunks over periodically. That way you don't get burned quite so badly if the "bottom" keeps moving down.

Or even just switch your allocation a bit. If you usually invest X every month, then ramp it up to 1.5X or 2X while the market seems to be down.

Although that might require allocating away from other stuff, like cardboard, in which case it might be more painful than we want to admit.

[ValKehl]

Originally Posted by raulus

Maybe instead of moving over a gigantic chunk when you think the bottom has arrived, move smaller chunks over periodically. That way you don't get burned quite so badly if the "bottom" keeps moving down.

Or even just switch your allocation a bit. If you usually invest X every month, then ramp it up to 1.5X or 2X while the market seems to be down.

Although that might require allocating away from other stuff, like cardboard, in which case it might be more painful than we want to admit.

Thanks, Nicolo, for your sound investing advice, which I believe is much the same as Phil's dollar-cost-averaging advice, which my wife subscribes to even more than I do. FYI, I am 81 and my wife is 72. We have been retired for many years, we are debt free and we live comfortably, but not extravagantly, on our Social Security benefits and my pension. Our investment income is reinvested, some automatically and some at our discretion; this is the only ongoing investing we are able to do. Fortunately, we've had no need yet to tap our investments, which we are hoping to be able leave to our kids, grandkids, and great grandkids.

[Yoda]

I think a good indicator as to whether there is a correlation between the stock market and card prices will be the closing tomorrow night of the LOTG auction. If card prices finish flat from their current levels, rather than soar in extended bidding, as per norm, it will be a reflection that the demand curve for vintage has paused, as people worry about their money.