Will this stock market madness affect cards?

Fred · #1 02-29-2020, 03:29 PM

Honestly, I hope EVERYTHING takes a huge dump in price and the card hobby (not business) sees an overdue correction. Wouldn't it be nice to collect what you like without worrying about what a card market downturn will do to your collections value? Holy crap, it's only frigging card board... someone should start a thread called "when it was a hobby".

Leon · #2 03-02-2020, 05:27 PM

Nowadays if you wait a day or two the stock market will change quite a bit. I think it does affect prices somewhat.

iwantitiwinit · #3 03-03-2020, 01:29 PM

Yes it will.

Goudey77 · #4 03-03-2020, 02:25 PM

I'm mostly a vintage collector but I always keep my eyes and ears open to the modern card collecting/investing market. It helps me understand the psychology behind what's driving the overall card sales.

It appears the market is as hot as ever in March 2020.
This YouTube vlogger does statistical analysis on actual eBay sales data. Take a few minutes to watch this video and you'll see some of the card market activity which has been as good as 300% increases on certain cards.

How does it correlate to the current state of the stock market? I think people are pulling money out of stocks and parking the cash in cards. (something younger people would risk)

How does it correlate to the vintage card market? A lot of these collectors/investors graduate to older cards. It's the evolution of a collector.

What does it mean for most Net54 members? Not much. We are a usually frugal and a suspicious bunch who keeps our niche part of the market slow and steady.

<iframe width="560" height="315" src="https://www.youtube.com/embed/X3Cx9Dfly6s" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

packs · #5 03-03-2020, 02:33 PM

I don't know why anyone would take their money out of the market. Now is the time to buy.

Johnny630 · #6 03-03-2020, 03:04 PM

Quote:

Originally Posted by packs

I don't know why anyone would take their money out of the market. Now is the time to buy.

Exactly!!!

I much rather be card poor and stock rich then card rich and stock poor.

It�s all a fairytale

Goudey77 · #7 03-03-2020, 03:10 PM

I agree with all your sentiments. But please understand that for the most part Net54 members represent the old school perspective in cards and life in general.

Everything that is happening with the modern card market is counterintuitive to traditional investments. It's a new generation. Actually several generations removed from Net54 members in some cases

Just roll with it and enjoy the viewing party.

iwantitiwinit · #8 03-03-2020, 03:15 PM

Quote:

Originally Posted by packs

I don't know why anyone would take their money out of the market. Now is the time to buy.

I disagree. We are trying to deal with a non-economic root problem here using economic remedies. Too many unknowns to jump in just yet. Better off waiting until the virus wanes a bit then slowly work back in. Don't be a hero trying to pick the bottom, better off losing 10% on the upside getting in a bit later than to lose 50% more on the down side.

packs · #9 03-03-2020, 03:21 PM

Quote:

Originally Posted by iwantitiwinit

I disagree. We are trying to deal with a non-economic root problem here using economic remedies. Too many unknowns to jump in just yet. Better off waiting until the virus wanes a bit then slowly work back in. Don't be a hero trying to pick the bottom, better off losing 10% on the upside getting in a bit later than to lose 50% more on the down side.

Timing the market is largely a myth. It's a fool's errand for 99 percent of the people who try it. If you've got the expendable cash, buy now. If you've got money in the market, let it ride. I think you'll find that opinion being the predominant one from any financial adviser. Pulling your money will only mean you reap no benefit when the market turns (which it inevitably will). And in almost every scenario you'll be buying new stocks with old money at higher costs than what you previously owned. Which means you end up spending more money to own less stock.

MULLINS5 · #10 05-21-2020, 03:32 PM

Man, was I wrong. Prices are strong.

Nippy7 · #11 03-16-2020, 08:22 PM

I like your optimism Goudey77. Also, a great move for us card dudes and baseball in general: Ken Burns just made his 9-part documentary "Baseball" available for free viewing on PBS. Usually those are only available for purchase. That's a great move after the Astro's scandal and now the cancellation/postponement of MLB.

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
Does the stock market affect card prices?	Mountaineer1999	Postwar Baseball Cards Forum (Pre-1980)	17	01-21-2016 11:20 AM
Does the stock market affect card prices?	Mountaineer1999	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	36	01-15-2016 04:19 PM
Wanted: Flea market stock vintage cards memorabilia	GrayGhost	1920 to 1949 Baseball cards- B/S/T	0	05-08-2012 09:33 AM
Housing / Stock Market Affecting Card Market ??	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	11	09-09-2007 11:37 AM