Does stock market volatility play a role in your hobby budget

joshuanip · #1 02-16-2018, 08:58 AM

Im speaking generally. Of course there are people that are directly impacted, definitely including myself. But majority of people either don�t invest in stocks or don�t put two and two together that they are through their 401ks.

That�s why there are so many responses that it doesn�t impact them. I may be wrong but that is my assumption. What I�m also saying in a round about way is that the stock market impacts everyone directly or indirectly through correlation of variables.

Poor English on my part to start my previous post negatively affirming it has no impact, I was speaking as a whole

Leon · #2 02-16-2018, 09:17 AM

Quote:

Originally Posted by joshuanip

Im speaking generally. Of course there are people that are directly impacted, definitely including myself. But majority of people either don�t invest in stocks or don�t put two and two together that they are through their 401ks.

That�s why there are so many responses that it doesn�t impact them. I may be wrong but that is my assumption. What I�m also saying in a round about way is that the stock market impacts everyone directly or indirectly through correlation of variables.

Poor English on my part to start my previous post negatively affirming it has no impact, I was speaking as a whole

kewl. I don't think you have poor English at all. I think you were over-explaining a little bit. I agree with your observations.

.

midwaylandscaping · #3 02-17-2018, 05:07 PM

Nah, I'm small time. From 1987 Crash to now, my collecting years, it never mattered

joshuanip · #4 02-18-2018, 06:55 PM

For what it�s worth

https://www.forbes.com/sites/davidse.../#559e1b8c5c10

Exhibitman · #5 02-19-2018, 01:27 PM

There's an indirect effect on the 'hot' cards of the day and on very expensive cards. It doesn't take many buyers sitting out the auctions to lower the results on marquee stuff. Though I am guessing that some of the pullback on mega-priced postwar stuff is a result of the collapse of the shilling ring that was working over the postwar market through PWCC and other outlets. But we needn't get into that again

One thing I noticed during the downturn was that collectors who are into lower grade and inexpensive stuff didn't pull back the way others did. Every show I attended had plenty of action at the cheap card tables and dollar boxes while expensive stuff sat. Turns out collectors don't lose the bug even if things look bad, they just channel it into cheaper endeavors.

joshuanip · #6 02-19-2018, 02:10 PM

[QUOTE=Exhibitman;1749422]There's an indirect effect on the 'hot' cards of the day and on very expensive cards. It doesn't take many buyers sitting out the auctions to lower the results on marquee stuff. Though I am guessing that some of the pullback on mega-priced postwar stuff is a result of the collapse of the shilling ring that was working over the postwar market through PWCC and other outlets. But we needn't get into that again

One thing I noticed during the downturn was that collectors who are into lower grade and inexpensive stuff didn't pull back the way others did. Every show I attended had plenty of action at the cheap card tables and dollar boxes while expensive stuff sat. Turns out collectors don't lose the bug even if things look bad, they just channel it into cheaper endeavors.[/QUOTE

I believe all prices will soften to some degree, but the most valuable, rarest eye candy will generally hold it value above the rest of the “junk” rally. And when the cycle goes up, I feel they will be the best to rebound. If you needed money which would you sell your prized PC Cards or your lower grade extras. And when you are out of extras, which would you sell, iconic cards or Your post war stuff that has 10x or 100x the population size of your favorites?

Exhibitman · #7 02-20-2018, 08:52 AM

I wasn't talking about value, I was talking about liquidity. When things went to crap and my practice went down briefly with it (try having an entire month worth of gross revenue suddenly become uncollectible because so many clients were real estate related and went bust overnight) I had to sell cards to make my monthly nut. I found that the lower grade stuff moved consistently while the high grade stuff sat. Fine if you are a collector who doesn't need to sell specific items, not so much if you need to turn over inventory to pay the bills. As a collector, sure, I am gonna try to sell the junk and readily replaced stuff first; I have been doing just that to fund my kid's college and med school needs.

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
The Monster Stock Market - Corner The Market for $150	frankbmd	T206 cards B/S/T	26	05-16-2017 12:58 PM
Debate about stock market, collecting	Snapolit1	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	32	01-23-2016 03:10 AM
Does the stock market affect card prices?	Mountaineer1999	Postwar Baseball Cards Forum (Pre-1980)	17	01-21-2016 11:20 AM
E card budget...based on today's market, how much for each??	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	3	10-18-2007 06:59 AM
Housing / Stock Market Affecting Card Market ??	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	11	09-09-2007 11:37 AM