Stock market + alt assets plunging = ??? to your collecting or "investing"

[Silent George]

Originally Posted by THE(NEXT)LEVEL

It’s called life insurance….

well, if you haven't properly set up your finances in about 50 other ways, then I'd agree this is true.

[hermanotarjeta]

Originally Posted by clocsta2323

This became an off topic discussion 3 pages ago

Wait, have my first bowman chrome autos of julio rodriguez, bobby witt jr, and torkelson that I paid $1000 each for doubled in price yet?

Not yet?

Ok, just checking.

So when can I sell without losing money?

[LVDan]

Originally Posted by hermanotarjeta

Wait, have my first bowman chrome autos of julio rodriguez, bobby witt jr, and torkelson that I paid $1000 each for doubled in price yet?

Not yet?

Ok, just checking.

So when can I sell without losing money?

As soon as they post their first 4 hr game or 50 hr season?

[brios8]

Originally Posted by hermanotarjeta

Wait, have my first bowman chrome autos of julio rodriguez, bobby witt jr, and torkelson that I paid $1000 each for doubled in price yet?

Not yet?

Ok, just checking.

So when can I sell without losing money?

Do you always post the same thing on all threads? lol
Its getting boring lol

[hermanotarjeta]

Originally Posted by brios8

Do you always post the same thing on all threads? lol
Its getting boring lol

Hey, did you ever flip your cases?

The game is going to be a bit different when 2022 topps chrome releases.

[THE(NEXT)LEVEL]

Originally Posted by Silent George

well, if you haven't properly set up your finances in about 50 other ways, then I'd agree this is true.

Even if you do, it allows you to not be concerned about enjoying your money worrying about your kids future.

[premium1981]

Originally Posted by k13

Life is not enjoyable if you are poor.

In this country, being poor is a choice. There are opportunities for everyone. Everyone just doesn’t choose those opportunities for one or more various reasons.

[YouTheManNick]

Originally Posted by allabtsprt

Hug your children.

Yes, hug your children. I'm sure that will make up for not being able to provide for them.

[Retired hobbist]

Originally Posted by JeremyNick

Not to mention the shift in labor force. Many people left the labor force and started working for themselves. I think the applications for self employed increased over 200% above normal during the initial wave of COVID. That’s why there wasn’t the increased return to the labor force that was expectsd in Q4 2021. Being a new business owner is difficult, being a new business owner in this environment is highly risky.

When this bottom falls out it’s not going to be a normal down cycle. We haven’t even begun to reconcile the physical and financial debt associated with 2 years of pandemic. Coupled with an insane housing bubble that is going to sound like a gun when it pops.

Cheap money has created a bizarre situation of insane housing costs where I live a typical free standing house is now over 1.25 million US dollars.

I remember the neighborhood that I grew up in and I don't think anybody that owned a home in it 40 years ago could own one now.

[allabtsprt]

Originally Posted by YouTheManNick

Yes, hug your children. I'm sure that will make up for not being able to provide for them.

No matter how poor you are, if you can't figure out a way to provide for your children, then either you shouldn't have had them or you are doing something wrong. Help wanted all over the place. Get a second or third job during times like these. Shop at Aldi's, buy generic, get rid of things that aren't necessities, get rid of Netflix, put off getting tattoos, etc.. Been there, done that. Where there's a will, there's a way.

[THE(NEXT)LEVEL]

Originally Posted by allabtsprt

No matter how poor you are, if you can't figure out a way to provide for your children, then either you shouldn't have had them or you are doing something wrong. Help wanted all over the place. Get a second or third job during times like these. Shop at Aldi's, buy generic, get rid of things that aren't necessities, get rid of Netflix, put off getting tattoos, etc.. Been there, done that. Where there's a will, there's a way.

This is a great reply. I grew up with my parents providing for me, and although I didn’t have mommy or daddy money as I got older and we were far from wealthy, they provided me with what I needed to be a successful adult.

[atk825]

Originally Posted by premium1981

In this country, being poor is a choice. There are opportunities for everyone. Everyone just doesn’t choose those opportunities for one or more various reasons.

Having worked in elementary school literacy programs in poor areas of this country, let me tell you that this is absolutely false. Tell the kid who still can't read in the 4th grade it's their fault they just didn't choose an opportunity for success.

[fabiani12333]

Originally Posted by pewe

If you are a collector, are you pausing, hoping for cheaper days ahead? Or shrugging and ignoring?

If you are an "investor" do you have diamond hands? Or are you starting to wonder if paper hands would be better, and are going to cash (or plan to)?

As a collector, I have held onto my collection -- and added to it -- over the past few years. Based on sales prices during the sports card pandemic bubble, I could have made 10x return on my cards. But I didn't sell, aside from cards in my collection I didn't want to own anymore.

Only an absolute idiot didn't sell their cards during the bubble. If you're like me and you collect for fun, then logic isn't as important of a factor in deciding whether to sell. Collectors just want to make sure they get a fair price for their cards if they do inevitably sell them during their lifetime.

I repeat -- only a freaking idiot didn't sell during the pandemic if they're concerned about maximizing returns on a existing collection.

[fabiani12333]

In my opinion, the biggest threat to the card hobby is product quality. The industry is still living off the 90s and early 2000s innovation. It has been phoning it in, especially Topps. At least Panini is creative with their inserts. Topps has been doing the absolute bare minimum.

What young collector is going to have nostalgia for the baseball cards of this era? The memorable products from Topps during this era are few and far between. Producing endless refractor parallels like Panini.

Panini has at least done some cool things with their basketball cards. People will have fond memories of their cards, even if they are detested for their customer service.

This era of Topps will be a haze, probably similar to the 2005-2010 era when sticker autos were all the rage and guys like Ryan Howard were winning MVPs.

If Panini had a star like Ohtani for league licensed products, they'd be putting out cool inserts to highlight his celebrity and skills. Topps just puts out blandness.

And that's not even factoring in Topps' widespread quality control issues in recent years, whether it's chipping, dinged corners, surface scratches etc.

[Silent George]

Originally Posted by THE(NEXT)LEVEL

Even if you do, it allows you to not be concerned about enjoying your money worrying about your kids future.

if you're 25, and you have a kid, you most likely better have life insurance. You don't have a nest egg built up to take care of your family, and properly invested life insurance becomes an affordable income replacement strategy.

if you're 75, no matter what your family is, to but the amount of life insurance coverage you'd want to hand off to family in order to provide, or enhance their life is simply cost prohibitive, and would likely take many policies since you aren't going to see them handing out $5 million policy to an older person.

And thus, on your journey from 25 to 75 your financial strategy should be done with the idea of becoming wealthy enough that life insurance is either a fraction of their inheritance, or not necessary at all, since your spending their inheritance to cover the increasingly costly premiums.

And that, of course, is if you are healthy enough to qualify in the first place.

Term Life insurance = awesome safety net when you're starting out. One you can't depend on to still be there as you get older.

Other life insurance = free handouts to rich companies.

[THE(NEXT)LEVEL]

Originally Posted by Silent George

if you're 25, and you have a kid, you most likely better have life insurance. You don't have a nest egg built up to take care of your family, and properly invested life insurance becomes an affordable income replacement strategy.

if you're 75, no matter what your family is, to but the amount of life insurance coverage you'd want to hand off to family in order to provide, or enhance their life is simply cost prohibitive, and would likely take many policies since you aren't going to see them handing out $5 million policy to an older person.

And thus, on your journey from 25 to 75 your financial strategy should be done with the idea of becoming wealthy enough that life insurance is either a fraction of their inheritance, or not necessary at all, since your spending their inheritance to cover the increasingly costly premiums.


And that, of course, is if you are healthy enough to qualify in the first place.

Term Life insurance = awesome safety net when you're starting out. One you can't depend on to still be there as you get older.

Other life insurance = free handouts to rich companies.

Correct. Life insurance is basically to cover your children if something untimely happens to the parent(s) before they are adults and can fend for themselves. After that they get what they get, should they be lucky enough to have successful parents. Otherwise, you don’t need to be rich to raise successful children and provide for them.

[pewe]

Originally Posted by fabiani12333

As a collector, I have held onto my collection -- and added to it -- over the past few years. Based on sales prices during the sports card pandemic bubble, I could have made 10x return on my cards. But I didn't sell, aside from cards in my collection I didn't want to own anymore.

Only an absolute idiot didn't sell their cards during the bubble. If you're like me and you collect for fun, then logic isn't as important of a factor in deciding whether to sell. Collectors just want to make sure they get a fair price for their cards if they do inevitably sell them during their lifetime.

I repeat -- only a freaking idiot didn't sell during the pandemic if they're concerned about maximizing returns on a existing collection.

I’m either an absolute idiot… or a collector. I know which one my wife thinks


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[SupermanBrandon]

If your kids are depending on your money when you die later in life…you did a horrible job raising your children!


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[premium1981]

Originally Posted by atk825

Having worked in elementary school literacy programs in poor areas of this country, let me tell you that this is absolutely false. Tell the kid who still can't read in the 4th grade it's their fault they just didn't choose an opportunity for success.

Setbacks. You can start reading at 25 if you choose to do it and not use the failed education system as an excuse. Or maybe work one of the many jobs that require nothing but work ethic. Some choose to make excuses and be left behind. Others choose to overcome barriers and make something of themselves. Facts.

[premium1981]

Originally Posted by SupermanBrandon

If your kids are depending on your money when you die later in life…you did a horrible job raising your children!

Truth

[fabiani12333]

Originally Posted by pewe

I’m either an absolute idiot… or a collector. I know which one my wife thinks


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lol Sorry -- I was being hyperbolic.

[k13]

Originally Posted by SupermanBrandon

If your kids are depending on your money when you die later in life…you did a horrible job raising your children!


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Average wage here is 40k
Average house price is 1 million.

99% won't succeed without parents unless they move somewhere else.

After a University degree they'll get a 60k job.
40k after taxes.

Rent is 2500.

95% of people living here would not afford the house they live in now.
It is still called one of the most affordable places within a 1000km radius.

Otherwise average house 1.5m+ and average income 55k.

[dbpsooner]

Originally Posted by premium1981

Setbacks. You can start reading at 25 if you choose to do it and not use the failed education system as an excuse. Or maybe work one of the many jobs that require nothing but work ethic. Some choose to make excuses and be left behind. Others choose to overcome barriers and make something of themselves. Facts.

I cringe when I read stuff like this. So naive and wreaks of privilege.

[clocsta2323]

Originally Posted by dbpsooner

I cringe when I read stuff like this. So naive and wreaks of privilege.

You mean reek? The irony.

[pewe]

Originally Posted by clocsta2323

You mean reek? The irony.

He clearly meant “wrecks of privilege”


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