I've heard one of the Shark Tank guys talking about investing in baseball cards. Do you think some of the recent price increases are due to investors getting into the game? If investers really start getting into the hobby, they'll ruin it like they do everything.
I have a heard time believing that sports card prices aren't strongly correlated with US stocks. Maybe not on a hourly or daily basis as with foreign stocks, but if the S&P is down 25% next year I expect that SCI whatever index to be down at least that much. And that's the type of correlation people care about.
I'm not sure about stocks, but certainly the economy and when it tanks and people lose jobs, card prices are going to tank. I'm kind of waiting for that to buy some stuff, assuming I don't lose my job.
I've heard one of the Shark Tank guys talking about investing in baseball cards. Do you think some of the recent price increases are due to investors getting into the game? If investers really start getting into the hobby, they'll ruin it like they do everything.
Depends on your perspective. For those of us with big collections to be liquidated in the next decade, bring it on, papa needs retirement money.
I have a heard time believing that sports card prices aren't strongly correlated with US stocks. Maybe not on a hourly or daily basis as with foreign stocks, but if the S&P is down 25% next year I expect that SCI whatever index to be down at least that much. And that's the type of correlation people care about.
My past experience is that the card market lags the stock market by 6-12 mos. Remember, stocks are only owned by a minority % of the population.
I'm not sure about stocks, but certainly the economy and when it tanks and people lose jobs, card prices are going to tank. I'm kind of waiting for that to buy some stuff, assuming I don't lose my job.