Posted By:
JohnI have to agree with Scott. Baseball cards are not an investment; it’s a great way to rationalize spending large sums of money. But if you were to sit down with a financial planner most would laugh at the idea.
This is not to say invest wisely in your collection, watch market prices try not to pay more than something is worth. Its also smart to leave yourself some room for positive returns when you buy items you may decide to sell in a few years.
The simple fact of the matter is cards are not the stock market they can be loosely compared sure any collectible can. Enron may have bombed true. But if you spent the $62,530.94 dollars you would have spent on the 2 cards bellow on Microsoft stock in August of 2000. In pretty sure you would not have sold the stock for $45,875.00 in May 2005 for a loss of $16,655.94 five years later.
Cards are cards buy them because you want them, can afford them etc. Sure there better than going to Vegas or the horse track. But don’t kid yourself that they are sound financial investing.
