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

[drobfan8]

Originally Posted by Bcr

Keep hearing costs are too high but people keep on spending and adding onto their debt. Eventually something will have to give but we don't seem to be there yet.

Long story short, the economy is a massive beast and is very hard to control and/or predict it.

It's all about the haves and the have nots at this stage.

[fdjizm]

Back looking at the hobby again after 3 years out lol
Panini still selling people 5 cards for $1,000+?

[anusinha]

Originally Posted by fdjizm

Back looking at the hobby again after 3 years out lol
Panini still selling people 5 cards for $1,000+?

Kinda sorta, the box is now 5 cards for $600 but the cards have 1/10th the value.

[fdjizm]

Originally Posted by anusinha

Kinda sorta, the box is now 5 cards for $600 but the cards have 1/10th the value.

oh boy, probably just going to spectate this time around

[fabiani12333]

Originally Posted by Bcr

Keep hearing costs are too high but people keep on spending and adding onto their debt. Eventually something will have to give but we don't seem to be there yet.

Long story short, the economy is a massive beast and is very hard to control and/or predict it.

It's because of YOLO -- many Americans don't see the point of planning or saving for their future because too many of them think the American dream of owning a home or retiring early is unattainable. So they spend like there is no tomorrow, in part because the cost of living is so expensive, and partly because they want immediate gratification. This is why many businesses have been able to price gouge -- the American consumer is less disciplined or intelligent.

[eastbayak]

Originally Posted by fabiani12333

It's because of YOLO -- many Americans don't see the point of planning or saving for their future because too many of them think the American dream of owning a home or retiring early is unattainable. So they spend like there is no tomorrow, in part because the cost of living is so expensive, and partly because they want immediate gratification. This is why many businesses have been able to price gouge -- the American consumer is less disciplined or intelligent.

Just say dumb, it won't offend anyone as it's already understood.

[jacksonjj]

Originally Posted by eastbayak

Just say dumb, it won't offend anyone as it's already understood.

It's not 'dumb' persay, it's the thirst for entertainment above all else.

If entertainment truly makes someone happy, or at least occupied, what's it matter if their 'traditional' quality of life is poor?

Society is changing what makes them happy, even if it's a fake happiness. The new generation can't own significant property, so they're spending their time and money chasing things they can attain--entertainment and attention to occupy their time.

The American Dream is no longer a house with 4 kids, dog, and a white picket fence. It's becoming an influencer from your 3 story apartment building or mom's basement. And that is what people are legit striving for now.

[eastbayak]

Originally Posted by jacksonjj

It's not 'dumb' persay, it's the thirst for entertainment above all else.

If entertainment truly makes someone happy, or at least occupied, what's it matter if their 'traditional' quality of life is poor?

Society is changing what makes them happy, even if it's a fake happiness. The new generation can't own significant property, so they're spending their time and money chasing things they can attain--entertainment and attention to occupy their time.

The American Dream is no longer a house with 4 kids, dog, and a white picket fence. It's becoming an influencer from your 3 story apartment building or mom's basement. And that is what people are legit striving for now.

Non-Americans define such behavior as dumb.

Just because one can't smell poo doesn't mean that it's not poo.

[jacksonjj]

Originally Posted by eastbayak

Non-Americans define such behavior as dumb.

Just because one can't smell poo doesn't mean that it's not poo.

Not sure about that. China has already written the book on what new generation life looks like: no rights, the state owns you, no property ownership, massive piles of people making tiktoks from condo buildings lined up as far as the eye can see.

A truly miserable life.

[tjforce]

Originally Posted by fabiani12333

It's because of YOLO -- many Americans don't see the point of planning or saving for their future because too many of them think the American dream of owning a home or retiring early is unattainable. So they spend like there is no tomorrow, in part because the cost of living is so expensive, and partly because they want immediate gratification. This is why many businesses have been able to price gouge -- the American consumer is less disciplined or intelligent.

Which is sad because the stock market has been great and really easy to profit off of for the last 15 years or so. You don't have to be a genius or uber talented to make it in the U.S. these days, you just have to be disciplined.

[mfw13]

Originally Posted by tjforce

Which is sad because the stock market has been great and really easy to profit off of for the last 15 years or so. You don't have to be a genius or uber talented to make it in the U.S. these days, you just have to be disciplined.

You also need to have had enough disposable income to invest in the stock market (which most people don't).

[mfw13]

Originally Posted by jacksonjj

It's not 'dumb' persay, it's the thirst for entertainment above all else.

People of all ages are spending more money on experiences, rather than things.

Travel is booming, which is why airfares and hotel prices are sky high.

[tjforce]

Originally Posted by mfw13

You also need to have had enough disposable income to invest in the stock market (which most people don't).

Depends on the sort of job you have. If it offers any sort of 401k match, then it's set right up for you.

If you don't have a job that offers 401k match, then for most people, it's a discipline issue. I'm not talking about folks with top end educations either: One of the better examples if a friend of mine who's pissed away his early 20s and any shot at an education by making bad decisions. Eventually he swallowed his pride, got a job at a fast food restaurant and decided he would make it a priority. It took some time and a lot of work, but now he's managing several of these restaurants and not rich, but doing okay for himself. I find it hard to believe that his lifestyle is too difficult for most people to obtain if they take things seriously and have the discipline to play the long game.

[kluke84]

Originally Posted by mfw13

People of all ages are spending more money on experiences, rather than things.

Travel is booming, which is why airfares and hotel prices are sky high.

When people see the government continue to spend like drunken sailors to further devalue the dollar for things that don't help Americans, people are going to see it all as a house of cards right or wrong. Not all, but many, hence the YOLO spending.

The deficit is so bad over 60% of all Tax revenue now is allocated to paying interest on the debt service. Not too long it will be 100%. Every 100 days another trillion is tacked on to the debt. It's unsustainable.

Yes it's easy to do a 401k match but without significant compounding it's not outpacing inflation and the further devaluing of purchasing power. I get both sides of the argument.

[KhalDrogo]

401k match is great. But at the same time, the average match is 4.5%. The median household income in the US is about $75k. So you’re talking about $7000 in employer/employee plus whatever extra you can afford to throw into your 401k. For most people that’s zero. That gets you $1.3M after 35 years of work assuming an 8% return. Average SS check is $1700/mo. If you live 20 years after retirement, that’s $7100 a month to live off of for a couple.

The actual number when you retire in 2050-2070 should be a little higher thanks to wage inflation. But you’re going to have a lot of retirees a couple of decades from now who are dependent upon their children for financial survival if that’s your average case. You simply have to be able to save more than the average.

[tjforce]

Back to cards:

A few big sales recently:

Nat paid $30K for a 2022 Ant Edwards Prizm Black
A 2023 Tyrese Maxey Nebula 1/1 did $6k.

[Starman101]

Originally Posted by pcptrade

Says the guy who was talking about 90's MJ Refractors as investments way back in 2015. BO hypocrisy at its best

https://www.blowoutforums.com/showthread.php?t=946883

EDIT: Now, I remember why you are upset. It all started here when you were called out by others for your hypocrisy-

https://www.blowoutforums.com/showth...1525365&page=5



https://www.blowoutforums.com/showth...1525365&page=6

https://www.blowoutforums.com/showth...1525365&page=7

We can continue this same old discussion in your thread above. My next response to you will be in that thread by bumping it

Yeah at that time a good investment would be what's....a small increase in value from like $350 to $1000???

So you are comparing that to your 5 and 6 digit pump and dump schemes you are constantly taking part in?

Your response is completely laughable and btw the big difference is that I keep my cards....

You just pump and dump high end for money and boast about what you sold for and who you left holding the bag for tens of
thousands of dollars???

That's not collecting dude

That's commiting fraud in an unregulated market by exploiting other collectors. You then post your so called wisdom quotes about jealousy and envy??? LMAO ��

With everyone you screwed over who the hell would want to aspire to be you

[GOATcards]

Originally Posted by Starman101

Yeah at that time a good investment would be what's....a small increase in value from like $350 to $1000???

So you are comparing that to your 5 and 6 digit pump and dump schemes you are constantly taking part in?

Your response is completely laughable and btw the big difference is that I keep my cards....

You just pump and dump high end for money and boast about what you sold for and who you left holding the bag for tens of
thousands of dollar

That's not collecting. That's commiting fraud by exploiting in unregulated market by jerking other people and then post your so called wisdom quotes about jealousy and envy

With everyone you screwed over who the hell would want to aspire to be you

fraud? screwing over?

i'd think people plopping down $100K+ on cards (especially when slabbed) know the risks.

[Starman101]

Originally Posted by GOATcards

fraud? screwing over?

i'd think people plopping down $100K+ on cards (especially when slabbed) know the risks.

Ummm....

Its called market manipulation

[GOATcards]

Originally Posted by Starman101

Ummm....

Its called market manipulation

i'd think people plopping down $100K+ on cards (especially when slabbed) know the risks.

[Starman101]

Originally Posted by GOATcards

fraud? screwing over?

i'd think people plopping down $100K+ on cards (especially when slabbed) know the risks.

Wayyyyyy to many parasites in this "hobby"

Thank God I got most of my MJ PC before people like PCP got into the hobby just to drive up fake comps and dump at "Record High Card Ladder Comps" for his own selfish gain

All in the name of "consolidation" LMAO

I guess some OGs here can see through BS like his

[GOATcards]

Originally Posted by Starman101

Wayyyyyy to many parasites in this "hobby"

Thank God I got most of my MJ PC before people like PCP got into the hobby just to drive up fake comps and dump at "Record High Card Ladder Comps" for his own selfish gain

All in the name of "consolidation" LMAO

I guess some OGs here can see through BS like his

that's just the jealousy talking

[6celtics33]

Originally Posted by Starman101

Wayyyyyy to many parasites in this "hobby"

Thank God I got most of my MJ PC before people like PCP got into the hobby just to drive up fake comps and dump at "Record High Card Ladder Comps" for his own selfish gain

All in the name of "consolidation" LMAO

I guess some OGs here can see through BS like his

I saw a psa 9 101 sold for 925k lol. The market has been set. Everybody run and get one. Run for your lives before it's too late.

Private sale of course

[mossoholic]

Someone just paid $24,921.60 plus tax for a Caitlin Clark Panini Instant sticker autograph card. You can still find plenty of stupid people out there.

[pcptrade]

Star 101 had a natural/organic rise in prices unlike the PMG's which were pumped ad nauseam on social media.

https://www.blowoutforums.com/showthread.php?t=1525365