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#1
04-06-2018, 07:24 AM
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Misleading numbers...
I believe I said this in another thread, but the return on the S&P WITH DIVIDENDS in this time frame is ~143%. 1) why pick 2008 - at the start of the market crash? 2) Most people reinvest their dividends, and why wouldn't you include that data? It's like buying a rental for 100k and selling it for 200k. You "made" 100k, plus rent. PWCC isn't including the rent. 3) how can we buy those 500 cards? We can't in reality. A few yes, but not all 500 in those grades. Which I think is the point...collectible futures, ETF's or mutual funds coming your way. Makes sense since we have futures that track a currency that really doesn't exist. 
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#3
04-06-2018, 08:52 AM
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Just like the high end for the grade designation, it's just another way of advertising.
__________________
-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes.
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#4
04-06-2018, 08:57 AM
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Wonder why they felt the need to do this. Seems to me their auctions are way down quality wise of what they used to be even a year ago, but my interests are narrow. Very dramatic drop off in the quality and frequency of the "HE" prewar stuff I collect.
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#5
04-06-2018, 09:01 AM
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I also looked at the consignment costs. When you are looking at an $80 card that is $10 plus 10% (IIRC), that is $18 or 22.5%.
Not only are we not reinvesting dividends. Not only are we going to the worst possible moment to the market for point of comparison and not only are we looking at a non-sustainable run up through price manipulation that is responsible for the majority of the delta (and is showing that it is on the way back down) - and outside of the top 100 it is a wash - we don’t take into account the 20% juice off of the top that is no where close in the equities market. I’ll stick to collecting for fun and investing in the market for wealth generation.
__________________
2024 Collecting Goals: 53-55 Red Mans Complete Set
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#7
04-06-2018, 11:36 AM
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It may be an attempt to get more whales into the hobby and thus an injection of fresh cash thus increasing values and PWCC's bottom line through increased commissions.
Or am I being Captain Obvious here?
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#8
04-06-2018, 11:50 AM
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I could be wrong, but I don't think those charts are going to impress anyone with any financial sophistication.
__________________
Four phrases I have coined that sum up today's hobby: No consequences. Stuff trumps all. The flip is the commoodity. Animal Farm grading.
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