A few quick thoughts:
Not always the case, but grading standards for psa and lately SGC have tightened, so that EX card from 6 years ago might be a 3-4 today, so buying lower grades isnt such a compromise. Look for the card not the grade.
The SP500 comp is a poor one, unless you are talking about some incredible spike, the SP500 can be valued relative to earnings, and they usually move up over time. Cards are pure speculation where supply and demand determines “value”.
I paid up for an Erving rookie in Ex-Mt recently, it was newly graded 6, looked better than that to me! Sorry i didnt buy a 7 or 8 a few years ago, for sure, but it fills a hole in a set…so be it!
If you are set collecting…buy the expensive big cards FIRST!
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