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#1
10-22-2022, 06:05 AM
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I just cant imagine getting to retirement and needing funds from cards. The value is Pretty much a wild card until you book a profit. Your 500k jordan can be 180k a year later. The auction ends 2 days after a massive crash in stocks or crypto. Anything could happen even to the old blue chip cards.
Same with a retirement account in volatile stocks. Only is a profit when you sell. This is why most financial advisors say to scale back risk as you get closer to retirement, or start taking dividends per month. Personally, a very small allotment in cards is probably fine, but no more than 10% at retirement. This is coming from someone who used my 401k shortly before the financial crisis to buy signed cards, and sold 1 month ago. I can't say I timed the market, but I am now able to deploy back into retirement when the stock market appears to be cooling off and for some odd reason cards are still hot. If i was a YOLO FOMO type, and had decades before I needed the funds, it may have been different. However, with 1 yr CDS approaching a 5% return with 0 risk, I cant hold cards as possibly appreciating assets.
__________________
"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors 
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#2
10-22-2022, 06:11 AM
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I feel that inflation has peaked and will be coming down substantially over the next several months and year along with US equities (S&P, Dow&Nadaq) rallying now through the end of the year and well into next year. All this talk about retirement accounts being down 20-25% so far this year was a great time for me to add a higher percentage in. Looking forward to the future in my retirement account along with the cards :-). All is looking good to me.
Last edited by Johnny630; 10-22-2022 at 06:12 AM.
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#3
10-22-2022, 07:16 AM
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If you are assuming the painful monetary measures taken and forecast to be taken by the Federal Reserve are adequate to eliminate inflation's ability to kill stock and bond market returns, I would caution you to be careful. Inflation will not be mastered until the monetary discipline is coupled with fiscal reforms that will be much more painful and difficult to implement. This was true in 1970, and today's political environment is much more hostile to painful fiscal prescriptions than was the one that existed then. You should expect that recovering control over inflation will become a protracted process that could destroy stock market returns for a decade or more. I hope I am wrong, but as a survivor of the 1970's, that will come as a pleasant surprise.
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