Will this stock market madness affect cards?

[iwantitiwinit]

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]

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.

[iwantitiwinit]

Originally Posted by packs

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.

I didn't say anything about pulling your money I only mentioned my opinion about buying now. Good luck to you.

[Leon]

Originally Posted by packs

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.

My seat of the pants opinion is .....I agree that except for extraordinary circumstances, where cash is needed for something else, this isn't the time to sell. It is too volatile. Pick a good company/stock/fund to invest in, with good long term fundamentals in place and stick to the course. At least that is my philosophy at this juncture .

and yes, I do think it effects card prices, at least somewhat.

[Hankphenom]

...then everyone should sell now at the relative top of the market and put every dollar into the best old baseball cards and memorabilia they can find. Disclaimer: I am probably the worst investment advisor on the planet, never owned a stock or bond, always preferred to have cash and other things I could see and touch. I have also never lost a minute's sleep over it and lived quite comfortably.

[Goudey77]

Hank you must be from the pre war era. I don’t blame you for your philosophy. Stick to your beliefs and live your best life.

[Hankphenom]

Originally Posted by Goudey77

Hank you must be from the pre war era. I don’t blame you for your philosophy. Stick to your beliefs and live your best life.

Which war? I've lived through far too many of them. Born in April '46, leading edge Boomer. Dad was discharged from the Army Air Corps at the end of WWII, you do the math. Thanks, Martin, and all good wishes to you, too. I've just always done what I felt was right for me and those in my circle, no philosophy, really. Not long ago I mentioned at a party that I'd never owned a cell phone and had a young guy literally implore me not to go there. I realize most people can't do without one, and it's not like I'm anti-tech, I love things like FB and Net54, I just don't want them around and beckoning to me everywhere I go.

[ullmandds]

Don’t know many people buying high dollar baseball cards this morning?

[Huysmans]

Originally Posted by Goudey77

Hank you must be from the pre war era. I don’t blame you for your philosophy. Stick to your beliefs and live your best life.

Martin, you sound like you were born five minutes ago, in the modern shiny junk era - which is fitting. I'm sure you don't even have a philosophy yet, how could you? Don't stick to any juvenile beliefs, because as you mature and get wiser, your views will undoubtedly change. This you'll learn. I'd add more youngster, but I'm getting tired and it's starting to get hard to see the monitor, plus your young mind is probably already drifting to video games, taking photos of your food, social media complaining/whining and learning the latest cool slang word to impress your "peeps"

[bbcard1]

It's interesting Gary Vee has been pushing baseball cards as an investment pretty hard. I am happy to report he's bullish on shiny and seems to care little about mid grade reward cards.

[Goudey77]

Hi Brent, My words were of support and agreement of doing things with a personal perspective. I'm not about online bullying or pushing my beliefs onto others.

Thanks for the comment.

Martin.

Originally Posted by Huysmans

Martin, you sound like you were born five minutes ago, in the modern shiny junk era - which is fitting. I'm sure you don't even have a philosophy yet, how could you? Don't stick to any juvenile beliefs, because as you mature and get wiser, your views will undoubtedly change. This you'll learn. I'd add more youngster, but I'm getting tired and it's starting to get hard to see the monitor, plus your young mind is probably already drifting to video games, taking photos of your food, social media complaining/whining and learning the latest cool slang word to impress your "peeps"