Will this stock market madness affect cards?

[packs]

This crash is only damning for a small percentage of people: people who were looking to cash out their 401K's or other retirement accounts this year or the next. I have almost 30 more years to go before I'm retiring.

The crash won't affect my purchasing power. Everyone is always very sunny when it comes to discussing the future of the hobby. Only those nearing the end of their financial planning are really doomed. Let's see what happens.

[Rich Klein]

Originally Posted by packs

This crash is only damning for a small percentage of people: people who were looking to cash out their 401K's or other retirement accounts this year or the next. I have almost 30 more years to go before I'm retiring.

The crash won't affect my purchasing power. Everyone is always very sunny when it comes to discussing the future of the hobby. Only those nearing the end of their financial planning are really doomed. Let's see what happens.

If you had a significant amount on money in the 401K and nearing retirement you should not have been in an aggressive mode. Now those with 30 or so years to go should be fine.

[packs]

Originally Posted by Rich Klein

If you had a significant amount on money in the 401K and nearing retirement you should not have been in an aggressive mode. Now those with 30 or so years to go should be fine.

I don't know what an aggressive 401K looks like. If you owned anything you took a huge hit. But it only matters if you don't have time to recover. Anyone looking to retire this year is probably rethinking that. Anyone who planned to cash out their accounts won't have enough time to recover before they need the money.

[Rich Klein]

Originally Posted by packs

I don't know what an aggressive 401K looks like. If you owned anything you took a huge hit. But it only matters if you don't have time to recover. Anyone looking to retire this year is probably rethinking that. Anyone who planned to cash out their accounts won't have enough time to recover before they need the money.

In many 401K's you have the option of how you want to put your money. Back in the day at Beckett we had something like 10 options from something akin to low risk/low reward investments to ultra aggressive investments. And many options in between. You had the choice of where to put your money in terms of percent. I will still say, if you are approaching retirement age and have a large sum in the 401K to pull back from being aggressive and go to basically stable places to put your money. if you went conservative and are in your early 60's you still have last money this month but not nearly as much as being uber aggressive.

Rich

[painthistorian]

We should stop dealing with China as they are a threat to our security unless they change how they are to us and the world, we don't need them if we make crap here or in a friendly country......we should respect one another and maybe this was a true wake up call that will make all people appreciate how lucky we are....We need a strong America and a Compassionate America but not a stupid America...we need to build products, build infrastructure, we need everyone to buy baseball cards, a game WE INVENTED!

and most of all, we need gratitude & faith.

[conor912]

Originally Posted by painthistorian

We should stop dealing with China as they are a threat to our security unless they change how they are to us and the world, we don't need them if we make crap here or in a friendly country......we should respect one another and maybe this was a true wake up call that will make all people appreciate how lucky we are....We need a strong America and a Compassionate America but not a stupid America...we need to build products, build infrastructure, we need everyone to buy baseball cards, a game WE INVENTED!

and most of all, we need gratitude & faith.

Good luck convincing Americans to pay $4k for an iPhone because it’s “made in the USA”.

[Dpeck100]

This is the most important card in the market.


https://www.ebay.com/itm/40215721526...p2471758.m4704


Cruising to new highs with time to go.


I will openly admit the stock and bond route has gone much deeper than I could have imagined but some how I continue to see very strong card prices.

As tough as it might seem to stay bullish I am reminded daily that there is tremendous demand for trading cards.

[packs]

By the way, since it's always advised that you look on the bright side of things, a crash like this could be good for people my age. It may be an opportunity to build future wealth.

[japhi]

Originally Posted by packs

By the way, since it's always advised that you look on the bright side of things, a crash like this could be good for people my age. It may be an opportunity to build future wealth.

It will be for sure, as long as you can keep your job. Travel and Entertainment is getting wiped out, that is 20mm workers plus all of the ancillary businesses that support them.

RE is going to get smoked as well.

Basically the economy is about to go dark for 30-60 days. I think people will understand how deep this is over the next few days when millions of people get layed off. The bankruptcy filings are going to be epic. Hilton was down 20 points today and is headed to zero Delta down 25% in one day....60% of 52 week high.

This is unprecedented. Card prices will be the least of anyones worries.

[Republicaninmass]

Dean's might lower his prices

[90feetaway]

eBay must not be feeling the effects yet. Haven't gotten any bucks or selling promotions this week.

[Billy5858]

Originally Posted by Republicaninmass

Dean's might lower his prices

LoL 😂

[Bobbycee]

Originally Posted by Republicaninmass

Dean's might lower his prices

Thanks for the hearty laugh! Glad I wasn't drinking when I read this. Runner up: JLS Cards out of Alaska

[Fuddjcal]

Originally Posted by Republicaninmass

Dean's might lower his prices

Now that's funny...

[TNP777]

Originally Posted by 1880nonsports

there are a number of you I would prefer stand many more than 6 feet away from me...……….

Far and away the best post in this thread.

Especially the guy who thinks we should beat this virus like we beat “the Japs” and anyone who thinks it’s acceptable to sacrifice 1-2% of our population because they’re “playing in overtime”. Such people lack any semblance of empathy or humanity.

[bbcard1]

Originally Posted by packs

This crash is only damning for a small percentage of people: people who were looking to cash out their 401K's or other retirement accounts this year or the next. I have almost 30 more years to go before I'm retiring.

The crash won't affect my purchasing power. Everyone is always very sunny when it comes to discussing the future of the hobby. Only those nearing the end of their financial planning are really doomed. Let's see what happens.

I'm more like five or ten out. It was a bitch, but it would have been worse if the Dow had been languishing around $10K when this all started.