Taking money out of retirement funds to purchase cards

Lorewalker · #1 10-22-2022, 01:32 PM

I believe in being diversified...which I am. I think Wall St has a greater appeal to most because it is widely held and there is an absolute value for a share of stock which there is not for a 65 Mantle.

It appears card market moves closely mirror Wall St. If Wall St is down so are your cards.

G1911 · #2 10-22-2022, 01:55 PM

Quote:

Originally Posted by Lorewalker

I believe in being diversified...which I am. I think Wall St has a greater appeal to most because it is widely held and there is an absolute value for a share of stock which there is not for a 65 Mantle.

It appears card market moves closely mirror Wall St. If Wall St is down so are your cards.

Diversity is good.

The other big greater appeal is that there is nothing protecting baseball cards at all. Nobody will do anything if the market collapses. It relies on the hype to survive and grow.

If the stock market collapses, not has a bad year and downturns for a brief period as the cycle always goes, but actually collapses, the US dollar loses its value, cards are worth nothing, and civil order and structure will quickly collapse with it. The state and our institutions will go to extreme measures to keep it up in the worst scenarios. The downside risk is a lot less when every institution and person, whether they own stock or not, is so heavily invested in this not happening to the market.

MR RAREBACK · #3 10-22-2022, 02:15 PM

All that really matters in life, is how many Ty cobbs you have

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