Investment plans!
FRNAllStar
Posts: 322
HI I would like to start with that I love to collect items in the form of a good long term investment, this tends to me my style as I am 24 yrs age. I hope to buy cheaper items today, that in the future will hold higher value. I prefer items that haven't peaked in thier price cieiling(undervalued). My goal is for a long term investing period of 21 yrs. In this case I would like to buy unopened vintage boxs and also packs. I will eventually have them graded. They will remained unopened. Just a small size hoard to give an idea of about $1000 in size max, a small transaction $200-300 would be a good start or just hold for a large case purchase or premium box. I feel this is a great small size start. In the future I can possibly move on to higher price older vintage. This should only be done after I acquire good market experience and with good prospects of hopes and success.
I would think to prefer boxs that way you get all protected packs which later can be graded.
My current investment ideas include well I'm very open.
Hockey seems like some great bargains! sounds interesting
Football is great not sure what's the good buy?
and basketball too!
If you guys could give opinions on all 4 sports with my price range up to $1000 would like to knoe options at the $300-500 range though too and lower even too like I said I'm open minded, And my goal for long term and to have packs graded.
That would be very nice and remember no bad opinions.
Thanks again!
I would think to prefer boxs that way you get all protected packs which later can be graded.
My current investment ideas include well I'm very open.
Hockey seems like some great bargains! sounds interesting
Football is great not sure what's the good buy?
and basketball too!
If you guys could give opinions on all 4 sports with my price range up to $1000 would like to knoe options at the $300-500 range though too and lower even too like I said I'm open minded, And my goal for long term and to have packs graded.
That would be very nice and remember no bad opinions.
Thanks again!
0
Comments
<< <i>HI I would like to start with that I love to collect items in the form of a good long term investment, this tends to me my style as I am 24 yrs age. I hope to buy cheaper items today, that in the future will hold higher value. I prefer items that haven't peaked in thier price cieiling(undervalued). My goal is for a long term investing period of 21 yrs. In this case I would like to buy unopened vintage boxs and also packs. I will eventually have them graded. They will remained unopened. Just a small size hoard to give an idea of about $1000 in size max, a small transaction $200-300 would be a good start or just hold for a large case purchase or premium box. I feel this is a great small size start. In the future I can possibly move on to higher price older vintage. This should only be done after I acquire good market experience and with good prospects of hopes and success.
I would think to prefer boxs that way you get all protected packs which later can be graded.
My current investment ideas include well I'm very open.
just ideas
all items from baseball card exchange
1978 topps baseball wax box $575-600 (seems like a nice buy not to sure about the set potential? could grade the packs later.)
1979 cello baseball box ?375 wax ?360
1980 topps?
1981 topps baseball wax box $40 (remember long term maybe this is a good choice?)
1989 baseball upper deck? (will it go down in price in near future or is it rock bottom? )
These are just ideas nothing certain at all yet.
Hockey seems like some great bargains! sounds interesting
Football is great not sure what's the good buy?
and basketball too!
If you guys could give opinions on all 4 sports with my price range up to $1000 would like to knoe options at the $300-500 range though too and lower even too like I said I'm open minded, And my goal for long term and to have packs graded.
That would be very nice and remember no bad opinions.
Thanks again! >>
The problem that most people have when they're thinking of investing in collectibles is that they can't get rid of the idea that quantity should, in some way, supercede quality. Look at your list-- some of this stuff will go up, but it could stagnate as well. The prices you see for unopened material right now reflect, at least in part, the prices that high end graded cards from the appropriate year will sell for. If high grade slabbed cards from 1960 and up continue to decrease in value (this has been going on for about four years now), what will that do to the price of these boxes?
If you really want to invest some money then think one thing: pre-war. Take that $1000 and buy a lower grade Play Ball Ted Williams or something. Or, if not that, then buy a very high grade, very important card that isn't likely to see a significant uptick over the next 10 years in the number of high end examples that are graded (maybe a lower grade Bobby Hull RC, or something like that). But whatever you do, buy something that a) has a track record, and b) isn't going to be adversely affected price wise by any surges in supply. We, as a hobby, are NOT done grading high end cards from the 1960's and up. Not even close. Which means, barring a substantial increase in demand, most of the cards are not going to do very well in the foreseeable future.
If you've only got $1,000 to spend....how much will that make you in the distant future?? Even if the cards go up say 500% in 20 years....which is about what they did in the past...
You're going to wait 20 years to make $5K??
Rethink your strategy and learn the "flip it" mentality. Why buy one and sit on it for 20 years?? Buy one now...what ever it is you want to buy....wait a short while and flip it..make your percentage and move on. By steadily doing this...you can snowball the $1,000 and end up bankrolling WAY more than $5K in the next 20 years.
Why not buy $300-$400 in wax or sets....spend the rest on grading....and flip what you grade. Get the money back....and do it again and again..and again....you get the idea...
I had a friend that used to buy Griffeys at $50-$60 each...when they were at $100.... he "knew" that someday they's be $200. So when he had $$$ he'd buy more and more...
He's still sitting on about 40 of them...I graded the nicest one's, so he made a little back.
My point is this...he sat and waited for something that didn't happen. In the same time span, I probably bought and resold over 200 of these cards myself.
He's still out a couple grand.....I made a couple in a few years and moved on....
You HAVE to keep your money working for you!!!
Also, saying "I'm going to hold onto these for 21 years" isn't really how you want to go about it. You're gonna want to play it like a stock and have a buy price in mind and a sell price for your desired profit, then dump when you hit your goal.
My list of other best investments right now:
1993 Finest sealed case (haven't been able to find one)
1997 Bowman Chrome case
Hi grade Andre Dawson RCs (for when he gets enshrined)
Hi grade Rickey Henderson RCs
Hi grade Ripken RCs
Hi grade Jason Grimsley RCs....... ok maybe not
Gem Mint 92 Bowman Mariano Rivera (will go down as closer ever)
Lee
THanks for helping this will be a great thread for myself to refer from time to time.
Good point, I know that's why I like busting vintage packs. Good luck with your investment.
Lee
16 of /50 (32% of the total print run)
Bosox1976
<< <i>I totally agree with CD's....Bowman Chrome is a decent investment...especially Gold Refractor rc's
16 of /50 (32% of the total print run)
Where's the bat in this picture?
Maybe out your way but in NO-Cal prices have doubled, or more, in last 5 years. An average, old, 3 bedroom house, in a marginal 'hood is $300k here in Sacramento. SF and LA are much more! I would sell, sell, sell if I didn't need a house to live in!
To start with, I recommend you type in the search - "investment" - and a lot of threads will appear.
This is Investment Redux - revisited.
I'm probably one of the most senior collectors here and can review if you pm me some of the older wax I have - what I paid and when and where it is today. Some stuff is totally stagnant.
So, with that in mind. If you want a "tangible" investment that you can display - knowing ahead that it may totally underperform with respect to a mutual fund, property etc. - then OK.
E.g. In 1993 I bought a full box of 76OPC 48 pk box from the BBCKid - I paid around 700$ - the packs now go for 40$ - so the box is worth somewhere in the 1500$ range? So it's doubled?
A good mutual fund should double about every 7 - 8 yrs.? If so - this box has underperformed. And this is one of the better items I have picked up. Wax around 1992, in some cases went for more than it does now.
So, we're talkin crapshoot? IMO, collectibles and investment should be kept in the mutually exclusive events category.
Now, on the otherhand, if you have big bucks - people can invest - the 52T PSA 8 set - flipped after about 2 yrs. with a nice premium. I have seen people do well with graded 52T packs. One of kind memorabilia can be awsome! The contract selling the Babe to NY - originally in the 90s went for around 100K - it sold last yr. or the yr. before for closer to one million! We are not in the league.
These are just my opinions - and others may totally disagree - and that's what makes this totally fun!
And isn't fun? FUN!
mike
<< <i>This is gonna sound a little wierd, but I would pick a few years of the more recent Bowman Chrome. Since manufacturers are no longer allowed to print sets with a mass amount of RC's, these will be the last sets where 3-5 RC's become valuable, and as long as baseball is still popular, the cards will remain valuable. Boo is right- the prices of unopened material are high right now and being driven by high-end graded prices. As the populations of these cards go up, the value will go down. I really can't see people paying $100+ for '78 Topps commons down the line.
Also, saying "I'm going to hold onto these for 21 years" isn't really how you want to go about it. You're gonna want to play it like a stock and have a buy price in mind and a sell price for your desired profit, then dump when you hit your goal.
My list of other best investments right now:
1993 Finest sealed case (haven't been able to find one)
1997 Bowman Chrome case
Hi grade Andre Dawson RCs (for when he gets enshrined)
Hi grade Rickey Henderson RCs
Hi grade Ripken RCs
Hi grade Jason Grimsley RCs....... ok maybe not
Gem Mint 92 Bowman Mariano Rivera (will go down as closer ever)
Lee >>
Hi Lee,
I've mulled this over before as well, but I'm not sure that the dynamic you're illustrating with Bowman Chrome will hold. As we all know (all to well, in my case) the overwhelming majority of the card in a given set of Bowman Chrome just never get off the ground. The players get into dope, languish in A ball for a couple years before slinkering off to sell tractors at their Dad's dealership, and so on and so on. So, while you have more RC's, the absolute number of 'good RC's' doesn't change from year to year, since only a few players will ever make a dent in the hobby at the big league level. Having more RC's in a 1998 product than a 1985 product doesn't mean that a greater number of the RC's from the 1998 product will become valuable. For instance, if you had 40 RC's in the 1985 set, two or three may end up as HOF's. IEven iff you have 200 RC's in the 1998 set only 2 or 3 will become HOFers as well. The number of RC's increases, but the number of 'good RC's' remains constant.
Now if you're talking about buying RC's of a guy currently in A ball with the intention of selling them once he gets a promotion to AA and starts torching the pitching there then you're dead on, since a greater number of 1998 Bowman Chrome RC's will have an impact on AA or AAA ball then 1985 RC's (by virtue of the fact that the 1985 RC's are 'done', more or less, with AAA ball). But if you're talking about selling once a guy makes an impact on the major league level then it's a wash, since everone who gets to the majors will eventually have a RC, whether it comes out when they make the 40 man roster or the day after they're drafted.
Speaking of investing in Chrome, I neglected to mention that one series of products which I think have a huge upside are the higher end 2003 baskeball releases. It would be a horrible bad beat for all parties involved if these releases depreciated. With Lebron and Wade you have two of the games biggest stars, Carmelo and Bosh aren't far behind, and who knows? Maybe Darko catches on in Orlando and becomes a player. If Lebron does, in fact, become the 'next Jordan' then I can't imagine what a box of 2003 Ultimate Collection or SPX or SP will be worth.
<< <i>Real estate. Now's a great time to buy.
Maybe out your way but in NO-Cal prices have doubled, or more, in last 5 years. An average, old, 3 bedroom house, in a marginal 'hood is $300k here in Sacramento. SF and LA are much more! I would sell, sell, sell if I didn't need a house to live in! >>
3 Years ago my wives parents passed. Their new house sold for twice what they paid just 5 years ago. In the same town of Bakersfield, where I live(central Ca. 2 hors N. of L.A. ) the housing market has slowed. Currently 4,000 homes sitting on market. Prices still high, but they have dropped. Yeah $300,000 is average price here for a decent house. In long Beach $300,000 comes with bars on the windows and a killer dog.
To answer the poll question neither. I'm afraid of tampering. I prefer Rack Packs.