Investment thought - good day for baseball cards?

scooter729

So with the stock market being down 500 points today, and news breaking on the same day of a baseball card being sold for $2.35 million, it makes me wonder - will today give a big boost to the baseball card market?

I'm sure many high rollers will lose a good deal of $$$ in the stock market today, while at the same time may see the investment potential in high-end vintage baseball cards. (I'm ignoring the Jeter card phenomenon from today.) I see some new folks potentially testing the waters of our beloved hobby as a way to diversify investments.

I know vintage (pre-war) have held up very favorably compared to the Dow Jones in the past 10 years, while 1950s - present have not had quite the same success. I bet this will further increase the demand for high-end vintage material.

Can I get thoughts from folks on this?

kadokakid

Doubt it will have any impact, market correction today just makes for a buying opportunity.

Don't think many people will stop investing in the market and join us idiots buying pieces of cardboard.

I certainly don't do it for investment purposes, it's just a hobby for me.

Peace

cmoking

a 400 point drop in the Dow isn't what it used to be.

RipublicaninMass

Great day for interest rates!!! WOOO HOOOO

larryallen73

Doubt it will have any impact, market correction today just makes for a buying opportunity.

I agree 100%.

cravetopps

Don't think panic has set in. this was a mild correction. I am glad I have my cards but I am not rushing out to change my asset allocation. 60% of people with 401Ks don't modify their allocations for 5 years and this correction was not enough to set off a baseball card bull market. In fact, the gretzky card everyone is talking about had a decent, not great return over the past few years. there would have been a lot better ways to spend that kind of money than buying a card. Of course, there's the intangibles of owning the most desirable card in the universe. For most of us anyway, that would have been enough of a ROI.

chaz43

"Don't think many people will stop investing in the market and join us idiots buying pieces of cardboard."


The comment above was brilliant. I laughed my ass off. Thanks!! chaz

jamesgotpoorman

<< <i>a 400 point drop in the Dow isn't what it used to be. >>


NOW'S THE TIME TO BUY...BUY...BUY...