At 25 with no kids and making 6 figures, I assume you are putting $23k into 401k, $7k into Roth IRA, $3750 into HSA prior to buying Pokeyman cards?
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Yeah I’m pretty financially responsible as I work in financial investments. Get the max pension matching, invest in my index portfolio and have a dividend portfolio too. I don’t drink, do drugs or go on any expensive holidays or own a car since I live in the London, UK (No need). My hobbies include reading books, exercising and working on my business so I’m quite frugal. The way I see it is I’m doing good for my age and my peers are all wasting their incomes on stuff that has zero residual value, so dropping $20k-$30k these past years on Pokémon cards is okay. Strangely enough, my collection has rocketed since most of it were gold stars. My biggest expenses are probably food and Pokémon cards haha
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Thanks mate will take on that advice. I feel like some cards like Gold Stars/Shining/Crystals will never lose value in the long term, they are basically like gold bullion at this point
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Wow, that’s a great profile. I, myself, enjoy long walks on the beach and am recently single 
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This gave me a good laugh cheers
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There is so much money in this world, hundreds of trillions of dollars. 100k is a rounding error to more people than you think…
It’s like how the first reaction to someone having a nice car is often negative. “It must be a lease”. “They must have no kids”. “They must live with their parents”.
Its the crab-bucket mentality. Consider crabs in a bucket about to be boiled. One starts to crawl out, but gets pulled back down by the others.
A lot of people are richer than you and I, and run in different circles. Simple as that.
So to spend 20k on a card aged 25…why not? It’s no different than a new car, which i’m sure will depreciate faster anyway. Enjoy your life!
Also, this is me spending about tree fiddy on cards…
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Idk about you, but I’ve always thought cars were pretty useful to drive around. I didn’t know they were some kind of random collectible bought only to flip it in 1-2 years, definitely interesting
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Yes, but no one here is talking about insanely rich people spending $ on cards. There’s a guy on Instagram (many people will know who I’m talking about) who is literally the son of a dude with a >$10B net worth. To someone in that situation, go wild! I know I would.
But that’s not the situation we’re talking about here. A 25 y/o with a normal job spending 20% of his/her salary on Pokemon cards is making a very imprudent financial decision.
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Don’t worry they are mostly in 
, safer than putting money in a savings account. I don’t really invest in modern.
‘Very imprudent financial decision’, so is getting a dog, getting married or dropping money or car lease payments
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There were gold star bubbles in the past, like 11 years ago. History repeats itself time and time again
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If you think gold stars at the current prices are safer than putting money in a savings account, then I have a bridge to sell you lol
Saying that as someone who likes gold stars 
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This is my cost basis, quite low exposure:
Alakazam PSA 9: $700
Flareon/Jolteon/Vap PSA 9: $600
Mudkip PSA 9: $3000
Treecko PSA 9: $2000
Gyarados PSA 9: $5000
Rayquaza PSA 9: $10k
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Just spend your money how you want. Don’t listen to these guys if you don’t want to. You’ve been made aware of their concerns.
edit: reply was supposed to be to @Wishingstar981
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I wasn’t responding to convince @Wishingstar981 to spend his money differently. I was responding for the benefit of whoever else might read this thread and think “hmmm, maybe it IS a decent idea to put 20% of my salary into pokemon cards”
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cool.
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Yes for anyone reading this. DONT DROP $20k on Pokemon cards! Unless you have a Time Machine
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Cost basis is totally irrelevant, with all due respect. If you’re not selling at the current prices, that’s essentially the same thing as buying at the current prices.
Also, while those are good prices compared to what the cards are worth rn, they aren’t low prices at all. idk if you were here a couple years ago, but those cards (except maybe Alakazam/the eeveelutions, which I don’t follow the prices of) were all worth way less than that just a few years ago. People could barely give their treeckos away just a few years ago. I’m sure there are others on this thread who remember the guy with the PSA 9 on eBay who kept sending offers in the $800-$900 range for months with no one biting. This wasn’t ancient history; this was literally like 2022.
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Good insight. But personally I don’t buy for investment purposes, they were my childhood grails I wanted to buy ever since I was 7 years old. I would actually prefer for the prices for to crash back to 2020/21 prices so I can complete my collection. They bring me so much more joy than money, and the financial upside I’ve experienced is just a bonus. I’m sure prices will come back down in the future, so I’ll buy more.
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Well, 15 minutes ago, you said something that gave me the opposite impression:
“Safer than a savings account” and “sure to decline in price” feel like contradictory statements to me, but maybe I’m just being obtuse
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Can crash 50% tomorrow and I’ll still be up in profit better than some savings account. Sure they’ll fall down soon but long term trend is in the money.
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