Cards = Investments

[calvindog]

WTF is a "shair?"

[Fred]

I only read part of the post so I'm assuming that a "shair" must be a measure of MSG (isn't that the Chinese food preservative that's not supposed to be good for us?)...

I just saw a post on page 3 I'd like to comment on. It was Bill making the observation that a lot of cards haven't really seen much appreciation since 2007 (something like that, Bill - If I misinterpreted this, I apologize). I have to agree with Bill because I really haven't seen much appreciation or card value rises (overall) for the hobby since about that time. Like I mentioned before, if there was supposed to be a great "appreciation" in asset value then I would think it would be occurring now with the QE-$$$ hitting the economy. I don't see it (thank goodness)....

[Leon]

Originally Posted by Fred

I just saw a post on page 3 I'd like to comment on.

This should be 2/3 of the way down page one. If you go to your User Control Panel (CP) you can change the number of threads on one page, to 80, instead of the default, which is 10-20. Just a friendly suggestion so you don't have to scroll down so many pages, it's all on one page.

Oh, and back to subject... Buy low, sell high.

[Fred]

Thanks Leon... I probably should have just said post #21. Aint nuthin like bein a computer illiterate... but hey, I know how to enter a bid on ebay and my momma still loves me (I think)!

[Leon]

Originally Posted by Fred

.. but hey, I know how to enter a bid on ebay and my momma still loves me (I think)!

and that's all that really counts!!

[tschock]

Originally Posted by Leon

Oh, and back to subject... Buy low, sell high.

Not sure about that advice. Last time I did that the dog and car were gone and there was case of Doritos in the kitchen.

[Smanzari]

I think they are definitely investments, but definitely long-term ones. I actually wrote a fairly long paper on it while getting my Masters in Finance (which my professor loved). I will see if I can find it on my old computer later this evening....

[Touch'EmAll]

One would like to think cards are investments. Everyone is willing to talk about the good buys/sells. But not as often do you hear the not good buys/sells.

Last year I took losses on two cards purchased a while back. I sold a 1935 Diamond Stars Jimmy Foxx PSA 8 - through ebay for a loss. And I sold a T206 Cobb Green PSA 5 for a loss - through Robert Edward auction.

These cards are "supposed" to be higher end vintage quality HOF'ers in semi-high demand, just like cards folks here recommend for investments. Still chalked up the losses nonethless.

And yes, I have had a few positive transactions as well.

Just food for thought,

Steve

[ullmandds]

Most of my collection I have owned for decades...and these have turned out to be excellent investments over the years...but the fact is they were never purchased as investments...just cards because I love them! In more recent years I have bought and sold a few cards here and there and made a little money in most cases...lost some in some cases. It used to be a lot easier to buy lots from auction houses and sell some of them and recoup all of your initial investment...and then keep the rest.

Those that can successfully "invest" in vintage cards have a lot of knowledge...and do a lot of leg work to find these deals. The avg joe will not be successful at this.

[pcoz]

Originally Posted by calvindog

wtf is a "shair?"

+1 lol!