I was bored and quickly put this together.
As an investor and collector, my cards make up 15% of my portfolio, and with the current economic downturn, I am wondering, “Is it worth selling my cards?” Considering interest rates going up by 1, 2, or 3 basis points, inflation hitting all time highs, fuel prices, war and still recovering from COVID. It's getting harder to find disposable income and alot of speculators (follow the jones’) have left and moved on to a new trend.
During the past three months, basketball cards have dropped 16.27%, entertainment cards have declined 23.14%, ultra modern cards have dropped 19.5%, and racing cards have fallen 12.38% (source: Card Ladder). Some high end cards have fallen 50-75% in some cases. Panini, Topps, Upper Deck etc have probably over printed again and items graded for July PSA +13%, CCG -13%, CSG -20%, SGC -46% and Beckett ?.
Is this a good thing or a bad thing for me? This is the perfect opportunity to purchase undervalued cards below market value. My goal is to purchase, hold, and allocate what I can afford.
In my opinion, we should consider cards (collectibles) as a financial sector rather than a hobby.
There have been a number of reasons recently. Blackrock acquired CCG, Collector Universe was purchased for $850M, Fanatics purchases Topps for $500M, Whatnot valued at $3.7 billion, PWCC have sold $200M and upwards of cards, and I'm sure there have been several private sales of high end cards that we might not know about. In light of Disney's ownership of Marvel, Upper Deck will capitalise on the franchise and Zerocool will concentrate on the pop culture community (like minded people).
You have to ask yourself “why and what is it that they see that we don’t?”
When major public companies and high end investors park their money in cards, they have done their due diligence. If you want to invest long term in cards, you can't go wrong with the old saying, "Buy the rumor, sell the news.".
As well as the card community in Australia. “This is my opinion” I feel like someone has established a culture of “fend for yourself and don't ask for assistance”. Without cooperation between card shops, dealers/investors, breakers and collectors, we will not grow. Use each other's strengths: LCS team up and buy together for buying power overseas, breakers promote your LCS or break for them to increase your audience base, dealers and investors educate the public and provide sound advice leverage off youtube ads as well. Collectors, help out the younger generation, they need mentors in this community.
Anyways that's my rant!
As an investor and collector, my cards make up 15% of my portfolio, and with the current economic downturn, I am wondering, “Is it worth selling my cards?” Considering interest rates going up by 1, 2, or 3 basis points, inflation hitting all time highs, fuel prices, war and still recovering from COVID. It's getting harder to find disposable income and alot of speculators (follow the jones’) have left and moved on to a new trend.
During the past three months, basketball cards have dropped 16.27%, entertainment cards have declined 23.14%, ultra modern cards have dropped 19.5%, and racing cards have fallen 12.38% (source: Card Ladder). Some high end cards have fallen 50-75% in some cases. Panini, Topps, Upper Deck etc have probably over printed again and items graded for July PSA +13%, CCG -13%, CSG -20%, SGC -46% and Beckett ?.
Is this a good thing or a bad thing for me? This is the perfect opportunity to purchase undervalued cards below market value. My goal is to purchase, hold, and allocate what I can afford.
In my opinion, we should consider cards (collectibles) as a financial sector rather than a hobby.
There have been a number of reasons recently. Blackrock acquired CCG, Collector Universe was purchased for $850M, Fanatics purchases Topps for $500M, Whatnot valued at $3.7 billion, PWCC have sold $200M and upwards of cards, and I'm sure there have been several private sales of high end cards that we might not know about. In light of Disney's ownership of Marvel, Upper Deck will capitalise on the franchise and Zerocool will concentrate on the pop culture community (like minded people).
You have to ask yourself “why and what is it that they see that we don’t?”
When major public companies and high end investors park their money in cards, they have done their due diligence. If you want to invest long term in cards, you can't go wrong with the old saying, "Buy the rumor, sell the news.".
As well as the card community in Australia. “This is my opinion” I feel like someone has established a culture of “fend for yourself and don't ask for assistance”. Without cooperation between card shops, dealers/investors, breakers and collectors, we will not grow. Use each other's strengths: LCS team up and buy together for buying power overseas, breakers promote your LCS or break for them to increase your audience base, dealers and investors educate the public and provide sound advice leverage off youtube ads as well. Collectors, help out the younger generation, they need mentors in this community.
Anyways that's my rant!
