Cards = Investments

[bbcard1]

I bought my first cards simply for investment the end of last year. I am in the process of flipping them, hope to make 20%, but might not....didn't bet the rent, so it's ok. Bought them with a CD that was earning a whopping .4%, so even if I make 10% that would be ok, but that is a tight margin considering you are assuming some risk....cards could always get lost or stolen or turn out to be fake.

[drmondobueno]

Started buying cards again in 2012 when my money market started paying 0.15%. Figured there would be a way to liquidate if I need to but would be a big enough pain to do so that finding alternative funds would be simpler. Close to retirement age so accessing 401k's are in the cards, so to speak. Figure to have the cards until I kick. Have a few liquidation options for my spouse, if she chooses, in my will. I guess I am planning to wait and see values 15 to 20 years out.

I am actually going back to work next month after being retired for the last 5 years ( sounds better than unemployed) besides building bamboo rods. Kind of a nice way to live after 40 years in the L A ashtray. Never would have thought I would have the opportunity or the means to collect the Monster. Nice way to spend the winter so far...great group of people, too.

Peace and prosperity with a 5.5% compound growth rate

[EvilKing00]

Originally Posted by bbcard1

I bought my first cards simply for investment the end of last year. I am in the process of flipping them, hope to make 20%, but might not....didn't bet the rent, so it's ok. Bought them with a CD that was earning a whopping .4%, so even if I make 10% that would be ok, but that is a tight margin considering you are assuming some risk....cards could always get lost or stolen or turn out to be fake.

ahhhh very interesting, this was exactly what i was talking about, cards instead of a cd or whatever. Well done