cards, not stocks

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Posted By: steve

My nice collection of vintage cards is holding value very well these days when compared to my stock portfolio. Cards are my ONLY investment that has not gone down very much. Real estate is proving to be very poor investment also.

If it weren't for my cards, I would be spiraling into a deep state of depression as I watch my "investments" whither away.

Just imagine, with the money I had originally put into stocks, I could have instead come close to cornering the market on T206 Cobb greenies PSA 5. After all there are only about 30+ Cobb greenies in PSA 5.

Hahaha, then cry, cry, cry.

Thank goodness for cards !

steve

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Posted By: David Atkatz

The value of your stocks will be restored in a year or two.
(Regardless of what a certain collection of people with a single name may think.)

You haven't lost a thing unless you panic and sell.

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Posted By: davidcycleback

It doesn't matter what the values are until you sell. Meaning, if you plan on holding your cards for five years, a roller coaster ride in year two can be immaterial.

Edited to say David and I said essentially the same thing.

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Posted By: Rob D.

"Remain calm! All is well!"

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Posted By: davidcycleback

I can add that Pre-War II baseball cards are finite in number and have been avidly collected for a long, long, long time. Vintage baseball card collecting is not a fad, and baseball cards will have value long into the future. There will still be good interest in T206s and Allen & Ginters ten, twenty years from now.

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Posted By: Tom Boblitt

you are a bull! We're at 1997 levels and we'll get it back in a year or two? Ditch Geithner and install Atkatz! New bumper sticker.........

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Posted By: Jeff Prizner

"The value of your stocks will be restored in a year or two."

really? phew!!!!

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Posted By: leon

Everything will be ok. Our stocks are at 12 yr lows but they should be getting all of their value back shortly. I too am very glad I dumped ALL of my stocks (not in IRA's) about 7-8 yrs ago, and put it into cards. My reasoning was that I enjoyed looking at, and collecting, my cards more than I did my stocks. I remember selling 300 shares of Microsoft at $71 and buying a nice card. That was the best move I ever made, financially.

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Posted By: Rob D.

Leon,

If you bought that card off of the cheaper B/S/T, then it was a really good move.

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Posted By: David Atkatz

Yeah, I guess you're right, Tom & Jeff.

Better sell now before you lose everything.

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Posted By: davidcycleback

Don't anyone worry, irrational exuberance will return again

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Posted By: Rob D.

Will return? It's already here. I'm bathing in it daily.

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Posted By: barrysloate

Stocks will reach bottom soon and then start their climb upward, but it might be a little slower than some predict.

I am amazed at how well collectibles have held up, all things considered.

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Posted By: David Atkatz

We're at a 12-year low?

Did it take twelve years to reach that low?

I thought not.

It won't take twelve years to climb back up, either.

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Posted By: leon

Alas, it was a personal sale. I was hoping to find it on the cheaper BST but it never showed up. As stated I am discussing breaking our BST into 2 sections...


High priced Buy/Sell/Trade

Low priced Buy/Sell/Trade



It's our way of saying "thanks".

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Posted By: Jeff Prizner

hope you're right Dave, I think stocks gaining back 100% of their previous value in a year or two is wishful crazy talk, but I hope you're right!

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Posted By: boxingcardman

Since they're going in the casket with me anyway...

I'm with brother Leon on this one: thrilled to bits that I didn't plow all that discretionary income into the rigged casino called the stock market instead of carefully purchasing great cards. What to do now? Decisions, decisions...

Maybe we can convince the powers that be to allow us to hold cards in our IRAs, SEPPs and 401Ks?

The only bright side of this is that I've earned a lifetime "I told you so" pass with my wife on the money I spend on cards...

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Posted By: 4815162342

When the Dow hits 14k again, I will sell all my stock and complete my T206 set!

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Posted By: JohnnyH

I knew it was about to hit the fan but did nothing and still don't know why, it just happened so fast and right before the holidays. In 2000 I timed the tech stuff perfectly and made a killing but that was so different than what just happened. I could own a low grade T206 Honus Wagner for the hit I took but thats how it goes. I don't think it will recover for atleast 2-5 years if ever. Don't worry, be happy, buy cards !!!!!!!!!!!

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Posted By: Jeff Lichtman

The Nasdaq was at 5050 9 years ago. It is at 1400, down 72%, since then. With all respect, the chances of the Dow hitting 14,000 and the Nasdaq 5000 in the next two years is ZERO. If anyone wants to wager 100K on this -- and I will give 10 to 1 odds -- just ask me.

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Posted By: steve

Back to my idea of a horde of T206 Cobb greenies -

It really is do-able as I know people have the kind of income required.

You set out to buy every T206 Cobb green PSA 5 that comes to market in any way - maybe snag 3 or 4 per year. In 5-10 years, you might be able to fill a showcase with over 25 of the cards.

What would that do to the market for that card ? Could you imagine some dude owning 80% of all the PSA 5 Cobb greenies.

enough, back to work
steve

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Posted By: Dan Bretta

I always thought the NASDAQ was overvalued....how can a website be worth more than General Electric? I knew a guy who owned every Subway Sandwich shop in Lincoln (7-10 of them?) that got into day trading...he sold his restaurants and went full time into the stock market. I haven't seen him in about 8 years...I often wonder how that turned out for him.

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Posted By: PC

I'd buy a 5.5, or a 4.5.

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Posted By: boxingcardman

Only he's working the register at one...

Sic Gorgiamus Allos Subjectatos Nunc

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Posted By: Marty Ogelvie

I haven't looked at marketwatch all day.

It is way too depressing but as others have said, don't panic and sell.

My card portfolio is quickly gaining ground on my stock portfolio.. Not sure that's a good sign though!

marty

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Posted By: Jeff Lichtman

Dan, take a look at GE today; most companies are worth more than it presently.

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Posted By: barrysloate

There has to be some incredible bargains in the market right now. I wish I knew which ones.

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Posted By: Jeff Lichtman

Barry, I want to say one word to you. Just one word. Are you listening?

"Plastics"

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Posted By: Dan Bretta

Jeff, is it worth more or less than Pets.com?

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Posted By: Jeff Lichtman

Probably pretty close. But don't worry, just hold on to Pets.com (Bear Stearns and Lehman, too), it'll be back in a year or two. Or never. Either one.

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Posted By: Dan Bretta

Pets.com was at 19 cents/share about 8 or 9 years ago when the company folded.

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Posted By: JDRUM

"I always thought the NASDAQ was overvalued....how can a website be worth more than General Electric? I knew a guy who owned every Subway Sandwich shop in Lincoln (7-10 of them?) that got into day trading...he sold his restaurants and went full time into the stock market. I haven't seen him in about 8 years...I often wonder how that turned out for him.'

He may be skinnier than Jared these days!

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Posted By: Scott Fandango

you said "

The value of your stocks will be restored in a year or two.
(Regardless of what a certain collection of people with a single name may think.)

You haven't lost a thing unless you panic and sell."


dont agree at all....they said that in 2001 after the nasdaq crash...."it will be back in a few years"

not even close..it may never return to previoulsy seen levels....

remember, so much wealth was lost, poeople donthave a lot of money "on the sidelines" to bring back these stocks...and certainly their wont be enough new money to drive the prices back.....

we have seen a change in the head winds...stocks may be out of favor for MANY MANY YEARS

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Posted By: Jeff Lichtman

So I guess no one wants to take me up on my bet?