Does stock market volatility play a role in your hobby budget

[packs]

I guess I just don't see the correlation. What does one thing have to do with the other? More money in the market doesn't translate to more cash on hand unless you're willing to pay an avalanche of fees to buy a Mickey Mantle card. Less money in the market wouldn't affect your cash on hand either. Most investments are long term so a bad month or a bad year shouldn't cause anyone to panic unless an investor is playing the market like some kind of lotto, which I think is a terrible way to invest.

[Leon]

Originally Posted by packs

I guess I just don't see the correlation. What does one thing have to do with the other? More money in the market doesn't translate to more cash on hand unless you're willing to pay an avalanche of fees to buy a Mickey Mantle card. Less money in the market wouldn't affect your cash on hand either. Most investments are long term so a bad month or a bad year shouldn't cause anyone to panic unless an investor is playing the market like some kind of lotto, which I think is a terrible way to invest.

You definitely have a point. But when the market is down it is psychological more than anything to many people. It is for me anyway. I just hope it's up when Heritage is ending as I will feel better about making a purchase, if I so desire. It doesn't make sense but what can I say?

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[MattyC]

No, stock market has no impact on my buying.

[joshuanip]

I don’t think the stock market has any direct impact but there is correlation with each other to multiple variables, namely employment and monetary liquidity.

Employment is obvious; impacts both demand and supply curves. And monetary liquidity is like blowing air in a balloon, with the balloon being all asset classes including sports cards.

So if the market goes down sure it doesn’t impact the individual, but we are all slaves to the alter of price momentum and price momentum is impacted by the stock market, if not directly then indirectly.

[Leon]

Originally Posted by joshuanip

I don’t think the stock market has any direct impact but there is correlation with each other to multiple variables, namely employment and monetary liquidity.

Employment is obvious; impacts both demand and supply curves. And monetary liquidity is like blowing air in a balloon, with the balloon being all asset classes including sports cards.

So if the market goes down sure it doesn’t impact the individual, but we are all slaves to the alter of price momentum and price momentum is impacted by the stock market, if not directly then indirectly.

Unless you know each bidders mindset then that is not correct. How can you say it doesn't impact it if I say I am a bidder and it affects my bidding? I would like some help understanding that.

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[joshuanip]

Im speaking generally. Of course there are people that are directly impacted, definitely including myself. But majority of people either don’t invest in stocks or don’t put two and two together that they are through their 401ks.

That’s why there are so many responses that it doesn’t impact them. I may be wrong but that is my assumption. What I’m also saying in a round about way is that the stock market impacts everyone directly or indirectly through correlation of variables.

Poor English on my part to start my previous post negatively affirming it has no impact, I was speaking as a whole

[Leon]

Originally Posted by joshuanip

Im speaking generally. Of course there are people that are directly impacted, definitely including myself. But majority of people either don’t invest in stocks or don’t put two and two together that they are through their 401ks.

That’s why there are so many responses that it doesn’t impact them. I may be wrong but that is my assumption. What I’m also saying in a round about way is that the stock market impacts everyone directly or indirectly through correlation of variables.

Poor English on my part to start my previous post negatively affirming it has no impact, I was speaking as a whole

kewl. I don't think you have poor English at all. I think you were over-explaining a little bit. I agree with your observations.

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