Baseball Card Investment/Finance Question

[Leon]

I am with Steve in my thinking of this one. I would look at the big cards in the group and see what I thought their value was today vs where it might go....ie nicer examples should do better over time, given the nature of collectibles and discretionary income to start with. Then make a decision and move on. I will have to say though, if everything were exactly equal investment-wise, I would rather look at cards than a bank account.

[novakjr]

Originally Posted by Leon

I am with Steve in my thinking of this one. I would look at the big cards in the group and see what I thought their value was today vs where it might go....ie nicer examples should do better over time, given the nature of collectibles and discretionary income to start with. Then make a decision and move on. I will have to say though, if everything were exactly equal investment-wise, I would rather look at cards than a bank account.

Agreed. If completely equal, I'd rather look at the cards, all day, any day..

[xdrx]

Thanks for the thoughts everyone. Lots of good points being made. Poll results show almost 2:1 in favor of selling cards, which I was a little surprised by, but I guess collectors like to have more cards in circulation.

[xdrx]

Any different thoughts after watching the market today? Yikes

[Doug]

Originally Posted by xdrx

Any different thoughts after watching the market today? Yikes

After the hit my retirement fund just took I think I want to change my vote from hold onto my cards to cash out what's left of my IRA and buy more cards instead...

[Zach Wheat]

Funny, Doug. I am sure a lot of us feel the same way about taking a hit on retirement accounts. Taking retirement dollars and investing in cards is known as the Leon strategy. However, I don't think I will ever have the knowledge he & others have about cards.

I think the original question has many facets to it. As previous posters said, it really depends upon what cards you have as well as what you are going to invest in. I feel most high grade HOF'ers and other high end cards are a great "investment" right now and will do well in the long run. Commons and other cards, I am not as sure about. Conversely, there are other traditional investments I wouldn't dare to plunk a dollar in to in today's market. Interesting question.


Zach Wheat

[Doug]

Originally Posted by Zach Wheat

Funny, Doug. I am sure a lot of us feel the same way about taking a hit on retirement accounts. Taking retirement dollars and investing in cards is known as the Leon strategy. However, I don't think I will ever have the knowledge he & others have about cards.

I think the original question has many facets to it. As previous posters said, it really depends upon what cards you have as well as what you are going to invest in. I feel most high grade HOF'ers and other high end cards are a great "investment" right now and will do well in the long run. Commons and other cards, I am not as sure about. Conversely, there are other traditional investments I wouldn't dare to plunk a dollar in to in today's market. Interesting question.


Zach Wheat

Maybe we can get Leon to start the first vintage baseball card ETF. We can all just pool our retirement savings into it and let him invest our money in vintage cards. He could post scans in the pickup threads so we can keep an eye on our portfolios. Sounds like it would be more fun (and probably more profitable right now) than regular mutual funds.