Would you rather own every Pokemon card you ever wanted or would you rather be giga invested into retirement and never worry about your finances after you turn 60 years old? Asking for a friend
8 Likes
Retirement by absolute miles. I don’t consider my buys an investment, just a collection of little bits of art.
When I die I very much doubt my wife or son (he’s 2) will want to keep my raichus. So I have to treat this as the hobby it is. I doubt they’ll want to spend ages selling it to squeeze each drop of profit out of it.
We are super secure for retirement and that allows me to spend what I do.
And the UK state pension age is looking like it’ll be 70 by the time I get there as is. Early retirement will be key. I don’t want to work till I’m 70
25 Likes
Financial retirement is safer, but I wouldn’t have any of the cards I do today if I thought that way when I started.
26 Likes
For me i would not be comfortable with the risk of only owning cardboard so i would choose retirement. Personally i aim of having 10-15% of my “net worth” in Pokemon cards 
3 Likes
Retirement 100%. You can get a lot of joy from cards that don’t cost much, and won’t jeapordize your financial future.
That’s rational brain. I’m still gonna spend too much money sometimes, but if you can automate your savings plan and investments to fool-proof those times you do spend a lot, you should still be ok.
And once you reach your contribution/savings/other goals, why not treat yourself?
Stay financially literate my friends
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Not sure if I understood the premise.
Every card I ever wanted (=effectively wealthy) right now?
Or wealthier than that but without the cards at retirement age?
I don’t give a hoot about retirement, give me those cards now.
5 Likes
I would never put my my hobby ahead of my family’s financial security. I make sure that’s all on track and then the extra I spend on what makes me happy.
So long as my bills are paid, the mortgage is on track and we are living comfortably, I’m ok with spending some extra income on my hobby.
Be financially responsible but make sure to use some of your income on things that bring you happiness as well.
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Alright lets flip the script.
Lets say you had $500,000 right now and you can either
A) Put it into a investment account locked into index funds/bonds/trusts that you cannot draw out till you’re 60 unless you have a emergency such as medical, etc.
B) Put $500k into Pokemon right now for all the cards you ever wanted, but if you do sell it can only be for entertainment purposes or expenses or to buy other cards but the funds sold cannot be used for your retirement except if your pokemon cards were to appreciate in value
1 Like
Investment account, probably. At age 70 my answer would be different.
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cards. future me will worry about future me problems
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Just own a bit of everything
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The answer is investments.
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I’m not going to tell you how to live your life, triple. But I would encourage you to ask yourself these questions before going all in on cards.
- Do you have an emergency fund?
- Do you have a 401(k), pension, or another retirement account that you’re actively contributing to?
- Do you own property?
- Are you in debt (including student loans)?
- Are you taking care of your health/well-being?
The answer isn’t cards vs. traditional wealth management, it’s, “How can I do both?” As with any asset, you don’t want to put all of your eggs in one basket. Wealthy people in the TCG world don’t only collect cards. They have other revenue streams, property, traditional investments, etc.
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Investments unfortunately
(yawn)
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Investments. The scalability is so hard with Pokémon in a few years whereas if you hit a few good stocks at scale you are completely set since you can easily buy multiple
2 Likes
I’ll take the cards only due to the terms of the question. Not looking to retire at 60 and then enjoy wealth.
If the stipulations weren’t there and just talking where would I rather have $500k it would definitely be in the market. If you compound it for a few years the dividends alone would make for a pretty substantial card collection.
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My take is that the answer to this question is always option A unless you’re already independently wealthy.
Over a 30 year time horizon at 10% avg annual return (using the S&P 500 as an example), that $500k turns into almost $9m. That’s security in retirement for you plus a safety net for your family.
Having that money already invested also frees you up to spend some of your current disposable income on cards if you want to. As @Dyl said - “how can I do both?”
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I’m sorry, I think I missed this part of the scenario. If this means that I could have $500K in cards right now, sell them, and use that money on whatever the fuck I want except retirement, then I would do exactly that. I’m not in a position to plant my ass on $500K for a quarter of a century.
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cant i be giga invested into retirement with my cardboard why cant i have both
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I thought this was a shitpost but the answer is clearly 2 which enables 1
2 Likes