Quote:
Originally Posted by Above the Rim
Something along these lines ...
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Absolutely insanely beautiful cards, but even vintage cards like that are a risky investment. The spike in price from the last 10 years gives people the false confidence that these things will continue to increase in value. T206 cards are iconic, but way more plentiful than people think. Lots of collections out there that are not graded that will surface and grade higher than people expect. If people are expecting this things to beat out traditional investments like they have the last 10 years, you really need to rethink that investment strategy.
Now the positive is you have a hobby with cards that will most likely retain their value. How awesome is that! I play golf and drink expensive bourbon/scotch for my other two hobbies. I definitely could have made money on my bourbon/scotch purchases if I didn't drink it, but the rules to sell are strict and it is a hobby for me to enjoy with my friends. I pay a lot of money for golf to hit $2/$3 golf balls into the woods and end up $100 lighter in the pockets after my round. My card hobby definitely keeps the most value.
