The last call to sell at the market’s top is potentially upon us. I just read multiple articles (from credible news sources) that COVID cases have dropped 77% in the past 6 weeks. More than 15% (U.S. population) have already received the vaccine and that number only increases each day.
Physicians (from highly credible medical institutions) just said that herd immunity will potentially take effect as early as this April. If so, things will quickly open up, especially around summer, and people will reallocate their current card budget funds to vacations, concerts, bars, restaurants, experiences, etc.
Some people will exit the hobby as quickly as they entered it. Some will remain, but spend less money on cards. The current demand level for cards will decrease. Those that completely exit the hobby may want to sell. If so, this will also increase the supply. Reduced demand and increased available supply is great for us collectors (not investors). Plus, how many cards that were previously in dusty closets and attics were re-discovered during the pandemic and graded or brought to the market? Vintage supply, at least card’s to the market, will increase in the near future.
Sure my collection’s value will significantly decrease when this plays out, but I don’t care. All the gains were just paper ones anyway. I only sell or trade when I upgrade an existing card. I’m ready for prices to crater, so I can resume purchasing cards on my wishlist. I can afford the cards on my list, but not in the grades I want. I’m priced out of the grades. I’ve had to settle for lower grades, and refuse to do it anymore.
Those that are considering selling may want to make the move. Sell at today’s prices, and then rebuy the same cards (and a lot more, or in better grades) at tomorrow’s prices. No one can perfectly time the market. We potentially are at the peak and may begin descending the other side soon. Let’s hope for the sake of people’s well-being - physical, mental, financial, spiritual, etc.!
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02-20-2021, 10:54 AM
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