Quote:
Originally Posted by Dpeck100
It is hard for me to take your post seriously when you cherry pick the March low. We don't know when that card sold during 2009 and it came back to end the year over 400 points higher.
I will cherry pick now. In 2004 the SP was was higher than where it ended in 2009. The Wagner went from $109,638 to $1,169,875.
Completely destroying the SP. Bare in mind most people with money don't have all of their money in the SP and what has driven a massive amount of the recent move is 6 stocks. Investor returns have not tracked the SP even remotely.
|
Yes I understand all that, even mentioned it was a cherry picked sample.
Tesla was what, 80 bucks a few years ago? 6x in 24 months what can we take from that? Outproduced almost every widely traded sports card. Trades at 1000x earnings. What does that tell us? We are in a crazy asset bubble, context is I’m down on anything that isn’t a value play. I’ll take JPM long term over a 53 Mantle or TSLA.
I’m low risk, long term, etf / bluechip / dividend investor. So I am definitely not the target market here. But I do love the hustle and as a spec play/ gambling I get the appeal.
Question for you since you are big on this as an investment. What do you have the market value of that card being today? Asking sincerely , I have no idea what that card would sell for.
Either way interesting discussion and I don’t root for these things to fail, I hope your 10k becomes 100k, this isn’t a sum zero game so ideally we are both right.