Fractional Ownership Not such a Good idea after all?

[ullmandds]

I got this email from Collectible today.

[butchie_t]

This was never, ever a good idea from the beginning. Just like 'owning' a timeshare. Ponzi schemes to the max.

B. Turner

[mrreality68]

Not surprised but this happening just thought it would be further into the future.

I thought it would take off for a time especially with the stock market volatility and people looking to put their money elsewhere.

It is like playing the stocks with the added benefit of collectibles.

But long term never thought it would work since you own a small percentage, you do not possess it to enjoy it, and just an odd business model.

Hopefully not to many people take a loss on some of the items that are not as much of a hot commodity

[doug.goodman]

Apologies for finding the whole thing laughable

[Exhibitman]

Buying a share in a card is the same as buying a share in a corporation: it is a commitment to a belief system, nothing more. Think about it: you got no control of the asset, no role in the group that controls it, and as we see now, no right to determine the outcome.

[G1911]

Originally Posted by Exhibitman

Buying a share in a card is the same as buying a share in a corporation: it is a commitment to a belief system, nothing more. Think about it: you got no control of the asset, no role in the group that controls it, and as we see now, no right to determine the outcome.

With the big difference that one is the financial bedrock of the most powerful nation in world history that will do anything it takes to keep it going and growing, and the other is a share of a baseball card.

[Exhibitman]

Originally Posted by G1911

With the big difference that one is the financial bedrock of the most powerful nation in world history that will do anything it takes to keep it going and growing, and the other is a share of a baseball card.

Equities are not always going and growing, far from it. From 1970-1979, the inflation adjusted return on the S & P 500 was -2.2%. From 2000 to 2009 it was -24.29%. Sure, it rebounds eventually, as does any other investment. That's my point: viewed from the right point in the timeline, everything can look good or bad. If the chaos monkeys in DC have their way June 1st, let's see what sort of growing and going we get over the next decade.

I hold my nose and place my bets in equities, but only because I have nowhere else to go that might generate enough ROI to fund a retirement. That, plus I don't want to be a landlord.

I am by no means suggesting that Collectable had a good idea--it seemed like a sucker bet to me from the start precisely because it was new and did not trade--but to suggest that there is some special fifth element to equities that differentiates them from other investments is to buy into marketing.

[Peter_Spaeth]

Originally Posted by Exhibitman

Buying a share in a card is the same as buying a share in a corporation: it is a commitment to a belief system, nothing more. Think about it: you got no control of the asset, no role in the group that controls it, and as we see now, no right to determine the outcome.

Not really. A share of a corporation is a share of an enterprise that earns money from producing goods and or selling services. A baseball card is just a piece of cardboard with subjective value only.

[BeanTown]

Originally Posted by Peter_Spaeth

Not really. A share of a corporation is a share of an enterprise that earns money from producing goods and or selling services. A baseball card is just a piece of cardboard with subjective value only.

+1 and I wanted to get snoopy belly laughing again

[Mike D.]

Originally Posted by Exhibitman

Buying a share in a card is the same as buying a share in a corporation: it is a commitment to a belief system, nothing more. Think about it: you got no control of the asset, no role in the group that controls it, and as we see now, no right to determine the outcome.

OT....but I think you may have also just defined sports fandom.

[JollyElm]

ptbarnum.jpg

"Told ya!!!"

[jethrod3]

Originally Posted by JollyElm

Attachment 572288

"Told ya!!!"

Exactly! This way to the egress!

[Yoda]

Perhaps all of this is just another post Covid shakeout.