Quote:
Originally Posted by cardsagain74
These points of view never cease to amaze me:
- "I don't care if the value of my assets drop"
- "The gains are only on paper"
Something's liquid worth is what matters, regardless of whether or not it's "on paper". It doesn't matter what you paid (except for tax purposes).
And as far as hoping that your cards will lose a lot of their value.....I get if someone wants to focus on just collecting, but there's so much more to a market collapsing other than "being able to buy more of what you want".
Dealers' livelihoods are harmed. People will have less of an estate to leave to their heirs. Or some may hope to liquidate some of their collection to make their retirement better.
There's a lot more to it than flippers losing their ass and exiting the market
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My views are just that - mine. I’m a baseball card collector; not a flipper, speculator, or investor. I intend to die with every card that I purchase and couldn’t care less if they all went to $0.00. I would still enjoy owning them and looking at them.
I do not view them as asserts. I only purchase cards with money I am willing to part ways with and never recover. If others do not do the same that is their business and problem.
As far as a collapse, all I want is for prices to return to pre-COVID, normal levels. I guess you’ve never shorted a stock? If you have, you do realize you are rooting for the stock to crater, which affects other people’s life’s and potentially everything you mentioned, right?
02-20-2021, 04:25 PM
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