|
#1
|
|||
|
|||
Baseball cards as an asset class
Posted By: Jason
On a whim, I did a simple Google search on "baseball cards as an asset class" and found that our wonderful little pieces of cardboard are indeed beginning to sneak into formal discussions of investment personnel, included in lists of alternative asset classes amongst colelctables and art, etc. |
#2
|
|||
|
|||
Baseball cards as an asset class
Posted By: Jim VB
Honestly, I've never thought of them as an asset. For the last 40 years they have always been a "variable expense." (The only variable being how much money I had to spend on them.) |
#3
|
|||
|
|||
Baseball cards as an asset class
Posted By: brian
This will be fun if everyone shows up... |
#4
|
|||
|
|||
Baseball cards as an asset class
Posted By: Dave Hornish
This is a rehash of events that occurred 15-20 years ago. I can see it as a small (5-10%) chunk of an investment portfolio but still I think it's very volatile to invest in bb cards solely for speculative purposes. It is, of course, a nice by product of collecting when the values go up. |
#5
|
|||
|
|||
Baseball cards as an asset class
Posted By: Jason
Now, don't get me wrong - nowhere in these articles were cards mentioned as anything but an alternative placeholder of value, (such as art or other collectables), within the context of a diversified portfolio of assets. |
#6
|
|||
|
|||
Baseball cards as an asset class
Posted By: Frank Wakefield
Invest in mutual funds. Invest in stocks, or bonds. Invest in real estate. Invest in an education, your own or your spouse's, or your child's. Invest in your home. |
#7
|
|||
|
|||
Baseball cards as an asset class
Posted By: peter chao
Agreed. Not a good idea to invest in baseball cards. |
#8
|
|||
|
|||
Baseball cards as an asset class
Posted By: David Smith
How about the T206 Wagner?? |
#9
|
|||
|
|||
Baseball cards as an asset class
Posted By: davidcycleback
An experienced collector is far more knowledgeable about baseball cards than he is about any Fortune 500 company. If an expert collector knew as much about Microsoft, Exxon or real estate as he does about baseball cards, he'd be hired as a Wall Street analyst. |
#10
|
|||
|
|||
Baseball cards as an asset class
Posted By: Perry Eaves
There seems to be a stigma about admitting that baseball cards are an investment for the "old school" collectors. Vintage graded cards are an investment whether you like it or not. Good or bad but nonetheless an investment. You make some very good points Peter Chao. I noticed on the board awhile back you were interested in purchasing a t206 cobb in psa 4 for approx $1000. Assuming you eventually purchased, did you honestly believe you were saying goodbye to a grand forever so you could stroke an old baseball card for the love? The answer is no, you may enjoy the card but in the back of your mind you always believed that you would at least get your money back or perhaps a profit. If not for yourself then maybe for a child. Maybe the card goes up and maybe the card goes down, either way you have made a concrete investment in cardboard. If you put it in the closet for a rainy day and never look at it or take it out every night and drool on it, either way irrelevant. Still an investment. I have a relatively minimal investment in cards, but take solace in the fact that if times get hard can easily put on ebay and get investment back and perhaps profit. I propose this question, if you needed money quickly would you rather have a $100k house for sale or the equivalent in graded baseball cards? |
#11
|
|||
|
|||
Baseball cards as an asset class
Posted By: barrysloate
Baseball cards have been a good investment for collectors who have been in the hobby a long time and know what they are doing. |
#12
|
|||
|
|||
Baseball cards as an asset class
Posted By: ErlandStevens
I think it would be very hard to be a good baseball card collector and investor. Investing is trying to maximize wealth for future needs. Once you have an attachment to an item (like card collectors tend to have), then making rational buy/sell decisions would be almost impossible. If you are a portfolio manager and don't give a hoot about cards aside from their dollar value, then it could work in theory. |
#13
|
|||
|
|||
Baseball cards as an asset class
Posted By: bruce Dorskind
Collectibles are clearly an important asset class. Particularly |
#14
|
|||
|
|||
Baseball cards as an asset class
Posted By: Frank Wakefield
I buy a stock because I think it is undervalued, or that it will gain in value relative to its current value. Any seller's remorse that I experience is directly related to the stock's gain after I sell. |
#15
|
|||
|
|||
Baseball cards as an asset class
Posted By: barrysloate
I'm not sure the statement 1% of the top earners control 35% of the wealth is correct. They certainly control more than they should, but I believe the number is smaller than that. |
#16
|
|||
|
|||
Baseball cards as an asset class
Posted By: Jim VB
I agree with you completely (Except for that pencil part. Staples pencils 6 dozen for $2.99 is about 4 cents apiece.) |
#17
|
|||
|
|||
Baseball cards as an asset class
Posted By: bruce Dorskind
|
#18
|
|||
|
|||
Baseball cards as an asset class
Posted By: barrysloate
Would you say that statistic is good for the country or bad? |
#19
|
|||
|
|||
Baseball cards as an asset class
Posted By: bruce Dorskind
|
#20
|
|||
|
|||
Baseball cards as an asset class
Posted By: boxingcardman
I hate to admit I am in partial agreement with the Dorskinds. Cards are an asset and anyone arguing to the contrary is overlooking decades of history. However, he is wrong on two points: |
#21
|
|||
|
|||
Baseball cards as an asset class
Posted By: leon
I will have to respectfully disagree with those that say cards are not an investment. I think they are. One of the reasons they have done so well is that they are an investment that you can enjoy too. I don't buy cards "as" an investment but to not think of them as one is foolish, imo. I have only had resources to be in the stock market the last 12-13 years. I have been collecting cards, as an adult, for about 10 years. Want to guess which has performed better? Want to guess which has given me greater pleasure? I am NOT saying that cards should be your ONLY investment or be a major part of your asset portfolio (I am addicted and mine is, what can I say?) but to have them be a part of it is not a bad idea...again, just my opinion. For the record I get quite a few calls from folks that do a google search and find my personal website and collection and ask about buying something from it...which I politely answer "no" to almost every time. Each time I ask them how long they have been collecting they usually tell me a year or two. they usually say they collected as a kid and now as an adult want to collect pre-war stuff..I then point them to this forum and let them know they can interact with other collectors and have a lot of fun here. Last thing...my old story about Microsoft stock and my fave card. Back in about 1999-2000 I sold 300 shares of Microsoft at $71 ea. I put in another $5000 and bought my Four Base Hits Kelly (from a valued board member no less). I have about $26,500 into it...Microsoft is about $30 today...so that would be $9000 if I were to have kept it. I think the Four Base Hits is worth a little more than $14,500 today.....but had I not bought the card that is what I would have. I know this is isolated to one transaction but most rare, pre-war, baseball cards bought 8 years ago have done extremely well compared to the stock market in general. I have to mostly agree with the Dorskind Group, better known as "we", on this matter.....regards |
#22
|
|||
|
|||
Baseball cards as an asset class
Posted By: barrysloate
I actually feel Bruce stated his position well and I fully agree that those with talent and a strong work ethic deserve to be compensated. Where we might disagree is perhaps they are compensated a bit too well. |
#23
|
|||
|
|||
Baseball cards as an asset class
Posted By: Jimmy
I consider baseball cards as an asset just like my coins and antiques, I invest in what I know and follow through with collecting specific items. We are not buying and selling modern cards here, but investing in items that have the potential to do well in the hobby for years to come. If you asked me the same question 10 years ago, I would say baseball cards were just something I collected as a kid, the trend has changed with so many opportunities to learn and appreciate the hobby. It really does depend on the person and how you look at collecting and investing. I buy and sell what I know and sometimes keep a piece or two because I am still a collector. The knowledge I have gained from doing it this way has allowed me to invest and learn more about specific items and the hobby. I also would not have found this site if I was just collecting. |
#24
|
|||
|
|||
Baseball cards as an asset class
Posted By: Jason L
with the discussion of equity of America's class structure... |
#25
|
|||
|
|||
Baseball cards as an asset class
Posted By: barrysloate
I've never been pitched baseball cards as an investment, and I don't know if institutions would feel completely comfortable with them. I'll repeat, you need to have knowledge and a feel for them to make money. I wouldn't trust someone just throwing together a breadbasket of PSA 8's and calling that an investment. I'd rather build a mid-grade set of E93's, or buy a genuinely rare card, and hang onto it for a while. |
#26
|
|||
|
|||
Baseball cards as an asset class
Posted By: Larry
We feel as though the top 1% of wage earners in this country don't really care about the remaining 99% of the peasantry. |
#27
|
|||
|
|||
Baseball cards as an asset class
Posted By: barrysloate
Larry- you're probably right, and therein lies the problem. |
#28
|
|||
|
|||
Baseball cards as an asset class
Posted By: JimB
Bruce said, |
#29
|
|||
|
|||
Baseball cards as an asset class
Posted By: Jimmy
I agree with Barry, |
#30
|
|||
|
|||
Baseball cards as an asset class
Posted By: Josh Adams
Jim, |
#31
|
|||
|
|||
Baseball cards as an asset class
Posted By: Bob
Hobby first, but yes, I agree with Leon, definitely an investment. Just ask the guy who bought 10,000 Joe Charboneau rookie cards, I bet he wasn't imbued with the hobby just looking for a rapid fire growth investment |
#32
|
|||
|
|||
Baseball cards as an asset class
Posted By: Eric Brehm
I would guess that most people who collect baseball cards don't buy cards because they want to make money on them, but because they want them for their collections. But of course collectors do hope that the cards they buy will at least hold their value over time, in case they want to sell them someday. So in that sense they are 'investing' their money in their collection. |
#33
|
|||
|
|||
Baseball cards as an asset class
Posted By: barrysloate
I recently read that Bill Gates is no longer the wealthiest person in the world, and that the title now belongs to some robber baron in Mexico. Isn't it strange that the richest person in the world is from one of its poorest countries, where most of the people barely have enough to eat and live on? |
#34
|
|||
|
|||
Baseball cards as an asset class
Posted By: peter chao
I have 95% of my money in real estate, stocks etc. There's less than 5% in baseball cards. However, I tend to worry about the money I put into my cards a lot more than the other 95%. |
#35
|
|||
|
|||
Baseball cards as an asset class
Posted By: E, Daniel
to view the world through. I think I'll carry that all the rest of my days. |
#36
|
|||
|
|||
Baseball cards as an asset class
Posted By: peter chao
I read John Rawls a long time ago, wonderful sentiments. |
#37
|
|||
|
|||
Baseball cards as an asset class
Posted By: David Davis
By the way, the elitists continue to steal from the masses. Howard Zinn, author of A People's History of the United States, is the person that coined the phrase about 1/3 of the wealth belonging to 1% of the people. |
#38
|
|||
|
|||
Baseball cards as an asset class
Posted By: Dave Haas
I'm sure if the IRS could figure out how to determine the cost basis and the final sales price of our cards when we sell them, they sure would want us to pay the 28% long term capital gains tax on collectibles. To the IRS the cards are definitely assets and not the cheap 15% tax ones either. Pretty soon the auctions will start sending out 1099's at the end of the year for items we auction, or do they already? |
#39
|
|||
|
|||
Baseball cards as an asset class
Posted By: paulstratton
So all the Rawls fans would be willing to let the govt. redistribute their money/cards/real estate in order to help the poor and disadvantaged? I'll believe it when I see Jim's E93 Matty in my mailbox! |
#40
|
|||
|
|||
Baseball cards as an asset class
Posted By: peter chao
Paul, |
#41
|
|||
|
|||
Baseball cards as an asset class
Posted By: nbrazil
"I recently read that Bill Gates is no longer the wealthiest person in the world, and that the title now belongs to some robber baron in Mexico. Isn't it strange that the richest person in the world is from one of its poorest countries, where most of the people barely have enough to eat and live on?" |
#42
|
|||
|
|||
Baseball cards as an asset class
Posted By: sagard
"He leap frogged Gates and Buffett after both gave up huge donations to foundations." |
#43
|
|||
|
|||
Baseball cards as an asset class
Posted By: boxingcardman
If that involves card sales, so be it. |
#44
|
|||
|
|||
Baseball cards as an asset class
Posted By: Jason L
Thank you Mr. boxingcardman. that is exactly the kind of thought I was looking for here... |
#45
|
|||
|
|||
Baseball cards as an asset class
Posted By: peter chao
Adam, |
#46
|
|||
|
|||
Baseball cards as an asset class
Posted By: Steve f
Investment, and please leave it at that. My wife occasionally looks at this board! |
#47
|
|||
|
|||
Baseball cards as an asset class
Posted By: Brian Weisner
|
#48
|
|||
|
|||
Baseball cards as an asset class
Posted By: barrysloate
If you believe in the future value of baseball cards and want to invest in them, do it yourself. Learn what cards will always be desirable and buy them. Build a nice collection and it will likely take care of itself. |
#49
|
|||
|
|||
Baseball cards as an asset class
Posted By: MVSNYC
cards (especially high-grade & rarities), are without a doubt, a great investment...i am a collector at heart, |
#50
|
|||
|
|||
Baseball cards as an asset class
Posted By: peter chao
Brian, |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
2008 HOF class | Archive | Football Cards Forum | 11 | 04-25-2008 07:04 PM |
A Class Act in Cards, Just Not Baseball | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 0 | 08-21-2007 10:22 PM |
The new Card HOF class | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 12 | 01-28-2004 07:08 PM |
The Baseball Card HOF inagural class is......... | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 21 | 09-07-2002 08:19 PM |
Sellers and their class. | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 12 | 08-11-2002 12:49 PM |