📈Is the correction over? What cards look attractive with an upside potential?📈

[SoccerRCs]

Originally Posted by KhalDrogo

Boomers aren’t much better. Median boomer has about $200k in retirement savings.

The average retiree today is living largely on their SS check. Financial literacy and planning in this country is abhorrent.

Yeah let's be honest, boomers living off their SS check are on the dole. And they have millenials to thank for their monthly dole checks.

[Brazenways]

I legit thought this thread had legs to be a practical discussion and here we are.

My two cents on this one given the price bracket is leading to museum quality artifacts. What item today is going to be displayed publicly in 10/20/30 years form now. Super rare, sensitive condition, historical impact etc. I'm leaning more towards a non-card piece of memorabilia like a jersey, glove, hat, etc. Like something you won't see at the national every year given the condition sensitivity of moving it around the country.

[Beavers98]

Originally Posted by SoccerRCs

Yeah let's be honest, boomers living off their SS check are on the dole. And they have millenials to thank for their monthly dole checks.

Or let's be real honest. Boomers paid in THEIR money for decades and are now receiving some of THEIR money back. * Full Disclosure Not a boomer or a Millenial.

[letsgocapitals]

Originally Posted by SoccerRCs

Yeah let's be honest, boomers living off their SS check are on the dole. And they have millenials to thank for their monthly dole checks.

What an ignorant take.

[r338]

Another thread for the moderators to shut down.

[Beavers98]

Originally Posted by letsgocapitals

What an ignorant take.

What an ignorant response.

Yes I know it's more complicated than that, and yes I'm paying for retirees now I get it... but Yes I also feel it should be expected after "contributing" 12.4%
(from my check and employer) If it's not I would have rather had the option to invest 12.4% how I saw fit and forego social security.

My response was more to the tone of the statement of millennials paying for boomers, like it was out of the kindness of their hearts or something. Boomers earned that right by paying in themselves for what 40, 50, even 60 yaers.

[SoccerRCs]

Originally Posted by Beavers98

What an ignorant response.

Yes I know it's more complicated than that, and yes I'm paying for retirees now I get it... but Yes I also feel it should be expected after "contributing" 12.4%
(from my check and employer) If it's not I would have rather had the option to invest 12.4% how I saw fit and forego social security.

My response was more to the tone of the statement of millennials paying for boomers, like it was out of the kindness of their hearts or something. Boomers earned that right by paying in themselves for what 40, 50, even 60 yaers.

I could say a lot but...

Cards, like I said, still bullish for me but lots of stuff going to 0 or near there. No more than 1000-1500 cards max for the best players will matter in the very long run. Not 1000 different types of cards, literally 1000-1500 actual cards.

[solt0131]

What are you seeing at card shows? I’m seeing very good attendance but people are spending a lot more cautiously than they were before

[SoccerRCs]

Originally Posted by solt0131

What are you seeing at card shows? I’m seeing very good attendance but people are spending a lot more cautiously than they were before

The hobby does seem pretty cash broke atm. Not lots of fresh cash infusions. Trading and selling some stuff to buy other stuff.

Also with the exception of 3-4 cards, I am vacating the ultra modern space. The house is on fire and I’d rather watch it burn to ash from the sidewalk.

[jcardstore]

Originally Posted by SoccerRCs

The hobby does seem pretty cash broke atm. Not lots of fresh cash infusions. Trading and selling some stuff to buy other stuff.

Also with the exception of 3-4 cards, I am vacating the ultra modern space. The house is on fire and I’d rather watch it burn to ash from the sidewalk.

I don’t do shows so I have no perspective on that front but there was a massive influx of dumb money into the hobby in 2020-21.

All the get rich quick and hustle hard dudes who were flipping Jordan’s or unlocked cellphones or used cars or whatever… hopped in which pushed prices up like crazy. The problem is that none of these guys made any money. They will tell you they did, but they didn’t. I would venture that nearly every single one of the, new to the hobby, flippers ended up losing money. The guys who made money were the hobby OGs who already had big collections.

After all the flip godz spent 2021 treading water they spent 2022 watching their cards pretty much go to 0. They learned real quick what liquidity is, and why it’s important. This was the final nail for these guys.

Now that all that flip money is gone and it’s back to hobbyists (mostly) prices are normalizing. Add in the macro monetary issues and we’ve got a ways down to go across the board

[solt0131]

I’m seeing the cheaper, value stuff moving the best at shows now.

[letsgocapitals]

Hobby High - an influx in cash due to COVID checks.

Hobby Low - a tanked economy due to Bidenomics. Inflation high, credit card debt historically high.

I'm not even sure we've hit the floor. We have (hopefully) one more year of the JV team in power.

[cms11]

Originally Posted by letsgocapitals

Hobby High - an influx in cash due to COVID checks.

Hobby Low - a tanked economy due to Bidenomics. Inflation high, credit card debt historically high.

I'm not even sure we've hit the floor. We have (hopefully) one more year of the JV team in power.

Bidenonics has reined in inflation due to Republican spending on tax cuts for the wealthy and created 14 million jobs in the past 3 years.

You're going to get another 5 years of Bidenomics.

[jcardstore]

Y'all just can't help yourselves huh?

[hermanotarjeta]

The correction won’t be over until you see TSLA stock get to within 25% of its all time high price.

[boxbuster7]

Originally Posted by letsgocapitals

Hobby High - an influx in cash due to COVID checks.

Hobby Low - a tanked economy due to Bidenomics. Inflation high, credit card debt historically high.

I'm not even sure we've hit the floor. We have (hopefully) one more year of the JV team in power.

Bidenomics - give me a break - The us has been in debt since 1776

[jcardstore]

Originally Posted by boxbuster7

Bidenomics - give me a break - The us has been in debt since 1776

Not going down the politics route but this isn't true. In 1835 Andrew Jackson paid off the entirety of the US interest bearing debt and the US debt stayed at 0 until the end of his term

[boxbuster7]

Originally Posted by jcardstore

Not going down the politics route but this isn't true. In 1835 Andrew Jackson paid off the entirety of the US interest bearing debt and the US debt stayed at 0 until the end of his term

Politics has little to do with the current market crash like everybody thinks

We all know who is to blame for the card market crash and it is topps and panini being greedy and overprinting trash and raising prices at the same time.

Honorable mention to PSA for "closing" for 18 months which completely manipulated the singles market and led to an unhealthy market dynamic.

[pcptrade]

How is Geoff Wilson doing? Do people still follow him and his picks?

[boxbuster7]

Originally Posted by pcptrade

How is Geoff Wilson doing? Do people still follow him and his picks?

He is opening up a 3 million dollar card store in atlanta. And his videos seem to be doing pretty well. He also has a discord group.

So he seems to be doing pretty well

[bigdog2003]

Originally Posted by boxbuster7

He is opening up a 3 million dollar card store in atlanta. And his videos seem to be doing pretty well. He also has a discord group.

So he seems to be doing pretty well

You never make the money from buying and selling, you make the money from people paying you to tell them what to buy and sell.

[pcptrade]

Originally Posted by boxbuster7

He is opening up a 3 million dollar card store in atlanta. And his videos seem to be doing pretty well. He also has a discord group.

So he seems to be doing pretty well

I had to look it up-

[boxbuster7]

Originally Posted by bigdog2003

You never make the money from buying and selling, you make the money from people paying you to tell them what to buy and sell.

Exactly right

[letsgocapitals]

Originally Posted by boxbuster7

Bidenomics - give me a break - The us has been in debt since 1776

So the economy has been steady since 1776?

Oh yes, inflation, Bidenomics, and Biden in general (according to an ABC poll no less).

https://www.zerohedge.com/markets/pe...bout-inflation

https://twitter.com/JoeyMannarinoUS/...03667840295052

https://twitter.com/DC_Draino/status...07841679241220

[jcardstore]

Originally Posted by boxbuster7

Politics has little to do with the current market crash like everybody thinks

We all know who is to blame for the card market crash and it is topps and panini being greedy and overprinting trash and raising prices at the same time.

Honorable mention to PSA for "closing" for 18 months which completely manipulated the singles market and led to an unhealthy market dynamic.

I agree but people always have to make it about how their team would be so much better when both teams suck.

I disagree on the 2nd part. The companies just printed to the demand. There was a massive spike in demand that outpaced supply exponentially. The companies realized that fat dudes in white tees were fist fighting children in walmart parking lots for boxes of optic so they cranked the presses and pumped prices.

They raised prices on blasters so much they just sit on shelves for months now. I haven't even considered buying any basketball because it's insane to pay $40 for a blaster to hope to pull $5 in cards.