$15,000 to spend on 1-5 cards...WWYD?

Peter_Spaeth · #1 10-21-2022, 10:30 PM

Quote:

Originally Posted by rats60

1933 Goudey Babe Ruth - Ruth is the greatest player of all time, 1933 Goudey is one of the big 3 sets in the hobby.

T206 Ty Cobb - T206 is the greatest set in the hobby, Wagner is way past 25k, so Cobb is the choice.

This gives you 8 cards to chase. The batting Ruth or green Cobb are ideal, but look for the best eye appeal and value for your 15k card. These cards offer the perfect combination of rarity and demand.

This. I would favor Ruth, but either way hard to go wrong here.

raulus · #2 10-21-2022, 11:10 PM

Here�s another hot take that I don�t think has been expressed yet, although Peter will correct me if I�m wrong:

If I were looking to INVEST in cardboard, I�m not sure that I would do it now.

If I wanted to buy for my own collection and enjoyment, then all day every day, to the extent that my budget allows. But the OP here seems focused on investment first and foremost.

To my mind, the runup in prices over the last two years has just been breathtaking, often as much as 500% or more, depending on the issue and the player. If I were investing right now, it�s hard to imagine that I�m not buying at or near the top if I�m investing today, particularly if I�m investing in vintage.

Now, I�m sure that the majority of the forum will heap scorn on this idea, and I fully respect that and expect nothing less than to be roundly condemned for my craven approach.

But for my money, if I�m investing strictly for a return, now is not the time that I would invest in cardboard.

Peter_Spaeth · #3 10-21-2022, 11:31 PM

People who try to time the market more often than not, if not usually, get it wrong. From DJIA 8000 to DJIA 20,000 I bet I got three emails a week telling me we were at a top and about to crash. In my humble opinion the time to invest, if you are so inclined, is when you have the funds. Don’t try to time. The vast majority of crystal balls don’t work.

raulus · #4 10-22-2022, 09:58 AM

Quote:

Originally Posted by Peter_Spaeth

People who try to time the market more often than not, if not usually, get it wrong. From DJIA 8000 to DJIA 20,000 I bet I got three emails a week telling me we were at a top and about to crash. In my humble opinion the time to invest, if you are so inclined, is when you have the funds. Don’t try to time. The vast majority of crystal balls don’t work.

And all of the people who bought bitcoin at $67k thinking it would go straight to $1M wish they had waited instead and bought today at $19k.

We all have our opinions about the current market for cardboard and where it’s going over the next few years. If there was any doubt about my opinion, now you know it. And naturally, others will disagree, as is their God-given right.

Peter_Spaeth · #5 10-22-2022, 10:01 AM

https://www.cbsnews.com/news/eugene-...me-the-market/

https://www.chicagobooth.edu/review/...he-nobel-prize

Peter_Spaeth · #6 10-22-2022, 10:04 AM

Quote:

Originally Posted by raulus

And all of the people who bought bitcoin at $67k thinking it would go straight to $1M wish they had waited instead and bought today at $19k.

We all have our opinions about the current market for cardboard and where it�s going over the next few years. If there was any doubt about my opinion, now you know it. And naturally, others will disagree, as is their God-given right.

Almost every time I bought a (for me) significant card, people I know and talk to regularly told me to wait until the price dropped because it had gone up so much recently. That would have worked out real well.

raulus · #7 10-22-2022, 10:15 AM

Quote:

Originally Posted by Peter_Spaeth

Almost every time I bought a (for me) significant card, people I know and talk to regularly told me to wait until the price dropped because it had gone up so much recently. That would have worked out real well.

In the face of withering and indisputable evidence, please consider my earlier comments to be withdrawn. Go nuts and buy everything you can while you still can. Cardboard only goes up!

Peter_Spaeth · #8 10-22-2022, 10:20 AM

Quote:

Originally Posted by raulus

In the face of withering and indisputable evidence, please consider my earlier comments to be withdrawn. Go nuts and buy everything you can while you still can. Cardboard only goes up!

Now you're talking my friend.

To the moon, Alice. And meanwhile, you wait patiently because the crash is surely coming and you surely can time it perfectly.

drmondobueno · #9 10-22-2022, 10:46 PM

Quote:

Originally Posted by Peter_Spaeth

People who try to time the market more often than not, if not usually, get it wrong. From DJIA 8000 to DJIA 20,000 I bet I got three emails a week telling me we were at a top and about to crash. In my humble opinion the time to invest, if you are so inclined, is when you have the funds. Don�t try to time. The vast majority of crystal balls don�t work.

Agree with Peter. There is a saying well known by those investing in the stock market : Avoid catching a falling knife. Seems to me various markets are fluctuating, including gold coins, stocks, real estate, and employment. And baseball cards (but not all of everything!).

Think it through, do what you are comfortable with and what you like. Just my humble opinion.

Oh yeah, keep asking the Net54 guys questions. The dumb question is the one you do not ask and costs you...

Exhibitman · #10 10-22-2022, 11:10 PM

Quote:

Originally Posted by raulus

Here�s another hot take that I don�t think has been expressed yet, although Peter will correct me if I�m wrong:

If I were looking to INVEST in cardboard, I�m not sure that I would do it now.

If I wanted to buy for my own collection and enjoyment, then all day every day, to the extent that my budget allows. But the OP here seems focused on investment first and foremost.

To my mind, the runup in prices over the last two years has just been breathtaking, often as much as 500% or more, depending on the issue and the player. If I were investing right now, it�s hard to imagine that I�m not buying at or near the top if I�m investing today, particularly if I�m investing in vintage.

Now, I�m sure that the majority of the forum will heap scorn on this idea, and I fully respect that and expect nothing less than to be roundly condemned for my craven approach.

But for my money, if I�m investing strictly for a return, now is not the time that I would invest in cardboard.

Yeah but:

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
$100 to spend on a nice lot of cards. Need at least 1 PSA HOF RC	ctownonline	1950 to 1959 Baseball cards- B/S/T	3	05-12-2015 10:53 AM
OT: Would You Spend $400,000 for cards that you have not seen?	Buythatcard	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	9	08-29-2014 08:01 PM
WWYD if the PO lost 28 packages you mailed	T205 GB	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	16	04-23-2013 10:59 PM
Advise Needed.. WWYD?	bcookie	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	35	06-26-2012 07:03 AM
What % do you spend on cards?	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	20	11-24-2005 10:02 PM