Quote:
Originally Posted by FatboyWu
Negative expected value, down in value...value long term,...you sure you're not an investor? Lol.
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I do have a business degree with a concentration in finance...hence the terminology! I do not "invest" in sports cards at least not in a traditional sense. I invest in my retirement accounts and a few others (401k, Roth IRA, HSA, 529) and also have some real estate investments as well as my house. I try to make sure I invest a certain percentage of my income so I can have a comfortable retirement one day.
Sports cards is a hobby for me! In general hobbies cost money. If I buy cards and they become worthless (like my very large Wander Franco collection) is does not matter in the long run for my financial stability. Any money I put towards my hobby I can afford without credit or affecting my investments.
At the same time the hobby is much more fun for me if the cards I buy do go up in value. I don't buy cards to flip, and I rarely sell any of my cards. I like to buy and hold. I don't rip wax, because it seems like a huge gamble and has a net negative return, and I don't buy into breaks. I only collect baseball too. I really only buy singles, and sometimes a complete set. At this point I don't buy that much anymore, and I am mostly focused on my Ohtani RC card collection. I also realize buying any sports card is a gamble.
Its also why I started this thread. Everyone collects what they like. There is no right way to collect. I just think if you are like me and like to buy singles and not have to sell them then Ohtani seems like the best current player to collect even at today's prices.