Quote:
Originally Posted by FrankWakefield
2012 Topps cases, dig out the Schumacker squirrels and sell those immediately, then....
invest in something other than ballcards. Collect 'em. Invest in a home, an education, mutual funds, individual stocks, bonds. If you're in your early 30's or younger, buy 5 to 10 acres out and away from urban sprawl, plant hardwood saplings, tend to them for the first few years, then wait 30 years or so, then harvest the lumber. That's a long term investment that would put a couple of kids through college, with a car each on the front end and again as they graduate. A fellow shouldn't invest in a hobby, the attachment and sentiment screws up the financial reality of it.
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Some of the best advice I've ever read.
A decade ago (roughly) I thought I'd buy some dirt cheap PSA cards from the mid-50s, but let the 9's and 10's alone (too pricey). The turnaround last summer was less than spectacular. For every card I made money on, I had 3-4 that didn't generate a profit, and 1-2 that went unsold or for dimes on my dollar.
However, instead of buying 100 cards if I had purchased 2-3 I might have sold at the time I bought a Walter Johnson B18 Blanket, mid-grade, for $75 - no one else was bidding! I was the first and only bid. Got a steal in my book. I learned then - I cannot guarantee that a second bidder will drive up the price on a valuable product.