Quote:
Originally Posted by raulus
In general, I think you’re right, although I would add a few caveats:
1) you didn’t buy most (or all) of your stuff at the top
2) you don’t have a pressing need to sell in the near future after a hypothetical crash occurs
3) we don’t become the stamp world
The stamp parallels, while a bit frightening, have always seemed like a very unlikely outcome to me. But not something that can be completely ignored.
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Stamp collecting was huge in the 60s and 70s; but never reached the level as sports cards, for obvious reasons. And my point is, unless a crash/correction occurs and you need to sell the long term outlook should be ok.