Tyty for your input. This actually is completely hypothetical and doesn’t relate to me lol.
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If I had every Pokemon card I ever wanted, I wouldn’t need to worry about finances.
Jokes aside, I’ll take the cards. Knock on wood I will have a job that I enjoy which will keep me relatively financially stable, that will not be physically damaging and I will want to keep doing it for a long time. Having every Pokemon card I want will also free up a lot of money to save for retirement anyways.
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This isn’t a great question because 2 enables 1 to happen anyway.
And if you’re not even into trophies and stuff, it’s even easier to answer.
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I don’t think people appreciate how boring it would be to have enough money to buy whatever card you wanted. Half the fun is in the fact that every purchase hurts you financially to some degree
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I feel like this is how it must feel to be in the hobby for two months and then buy a PSA 8 illustrator.
Like ??? We gonna back to a binder suddenly? I guess but the biggest barrier to entry card just thanks snapped into my hands. Whoops!
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Anyone who has ever traded cards even semi professionally would shatter that 10% a year. Hard to say if Pokemon would be around in 30 years but it’s safe to assume those who have the abilities required to invest and trade successfully in trading cards could transition these skills into many other fields.
Traditional “boring” investments only make sense when you can’t scale in your field anymore, even in Pokemon that would be 8 figures. 500k could be spent in a week in today’s market.
That’s strictly from a financial point of view of course. If the peace of mind having 500k in the bank outweighs the pleasure of playing with cardboard everyday (or any other passion) more power to you.
To me personally money is worthless unless I can draw pleasure from it, the security alone doesn’t give me any satisfaction.
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Don’t you think you’d just set yourself new goals regarding your collection? Set collecting PSA 10 that are “flawless” copies that would likely still require some patience and some searching. A few trophy cards and all of a sudden the account is at half balance.
$500k while a large amount of money, isn’t enough to have the ability to purchase anything you want in any grade. With the ability to sell and trade you’d certainly get a good head start but in no way would it just end the challenge of collecting.
Obviously if your view is there’s often very little difference between PSA 9 and 10 that collecting 9s makes far more financial sense, the money would extend much further.
All the cards I bought this year is with money I got from dividends and yield on my savings account.
Vintage pokemon cards down, yield and dividends up is a win / win for me.
Investment rich. I have many non-TCG hobbies.
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I’ll say this,
If I had black label 1st edition zard and Pikachu illustrator, among others as you say I could have ANY cards I want, would likely sell off a few of the 6 (and 7) figure cards and be rich today
and then I could flip those funds into investments
kinda view them as the same thing… cardboard rich IS investment rich
at the same time, I would keep a psa10 master set of every card and value the collection at 8 figures while making claim to owning the best collection of all time. This would bring a lot of attention as all the big youtubers would want to show your collection on their channels and you would be featured all over the net and on tv
So both are rich, but cardboard rich maxes out your hobby AND brings you minor fame
an you would still have millions in the bank that you can flip into other investments
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Definitely would rather have 1 of every card. I could sell everything I dont want and retire early!
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Investment rich for sure, cards are definitely fun and interesting, but they are not here for the entirety of my life. I already know there will be a time when 99 percent of the cards I hold will be sold off and the remaining cards I have will be viewed strictly as investment pieces.
I feel like there is a time and season in life for Pokémon cards, they are not a lifelong hobby for me.
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I’m on the same page as @hermit. Cards are great and all, but being more heavily invested for retirement means I could quit the day job earlier and engage in my many other hobbies aside from card collecting. The freedom for me outweighs being extremely satisfied in just one of my hobbies.
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We’re talking about a specific hypothetical scenario here where activites undertaken in option B cannot contribute to your retirement. Imo that rules out running a pokemon business since you could never withdraw the funds, they would effectively disappear when you retired.
Obviously investing the money in your own business, assuming you can run it successfully, will outperform passive investing. I don’t really think that was the spirit of option B though, but that’s just my interpretation.
My personal preference is to do some of both, which is why I would invest that particular lump sum and use other disposable income to buy cardboard.
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