1952 Topps set question?

[Gorditadogg]

Buying baseball cards is not an investment. Talk to an investment advisor about how to invest for your heirs.

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[homerunhitter]

Originally Posted by Gorditadogg

Buying baseball cards is not an investment. Talk to an investment advisor about how to invest for your heirs.

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So I take it that you think the 1952 Topps set is not a good investment? (My question is about baseball cards only not non card investment advice as I abreast have that part covered! Thanks

[Gorditadogg]

Originally Posted by homerunhitter

So I take it that you think the 1952 Topps set is not a good investment? (My question is about baseball cards only not non card investment advice as I abreast have that part covered! Thanks

Baseball cards are not investments. Since they are not investments, they cannot be good investments. You can make or lose money in cards by speculating, but you are not investing.

I am glad to hear you have an investment advisor.

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[ValKehl]

Originally Posted by Gorditadogg

Baseball cards are not investments. Since they are not investments, they cannot be good investments. You can make or lose money in cards by speculating, but you are not investing.

I am glad to hear you have an investment advisor.

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You can make or lose money stocks, bonds, and real estate, which are considered investments. What makes you believe cards are different?

[Gorditadogg]

Originally Posted by ValKehl

You can make or lose money stocks, bonds, and real estate, which are considered investments. What makes you believe cards are different?

Stocks, bonds, and real estate generate income, which, as an owner, you share in. Stocks pay dividends, bonds pay interest and real estate earns rents. You calculate the intrinsic value of an investment by estimating its future earnings.

A baseball card has no earning power. The only way you can make money on a card is to sell it to someone for more than you paid for it. It has no intrinsic value.

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[rats60]

Originally Posted by Gorditadogg

Stocks, bonds, and real estate generate income, which, as an owner, you share in. Stocks pay dividends, bonds pay interest and real estate earns rents. You calculate the intrinsic value of an investment by estimating its future earnings.

A baseball card has no earning power. The only way you can make money on a card is to sell it to someone for more than you paid for it. It has no intrinsic value.

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Investment definition:the action or process of investing money for profit or material result.

There is no requirement that your investment potentially earns income. Do your stocks pay a dividend if the company loses money? If your rental property generates more expenses than rental income, you are doing worse than investing in a non-income generating asset. Baseball cards are an investment.

To the OP, start with the big HOFers, Mantle, Robinson and Mays then move on to the other high number HOFers, the low HOFers and high number commons. Do the low number commons last.

[ALR-bishop]

If Al is right the person who bought this is going to regret it if they were hoping it was a good investment

[Gorditadogg]

Originally Posted by rats60

Investment definition:the action or process of investing money for profit or material result.



There is no requirement that your investment potentially earns income. Do your stocks pay a dividend if the company loses money? If your rental property generates more expenses than rental income, you are doing worse than investing in a non-income generating asset. Baseball cards are an investment.



To the OP, start with the big HOFers, Mantle, Robinson and Mays then move on to the other high number HOFers, the low HOFers and high number commons. Do the low number commons last.

That's a very general definition, basically buying something with the intent to make a profit. That definition covers a lot of other things that are not investments, though. You can buy a lottery ticket or bet on a ball game, with the intent to win and make a profit, but that doesn't make those things investments.

And as you point out, you can make bad investments and lose money. Some investments are relatively safe, like bank CDs, while others are riskier.

The baseline question the OP asks is whether he should buy certain graded baseball cards as an asset for his heirs. If you want to speculate in cards, that's fine. You can do what you want with your own money. But if you think it's a good way to build wealth to pass on to your kids, that's misguided.

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