Just curious to see how various cards/sealed product are holding up to inflation these days?
I.e if you had a card worth $1000 a year ago, did the price stay the same and lose value, or did it go up to account for inflation?
Or you could really lose the lottery and not only did the price go down, but it got hammered by inflation.
My beat up wotc holos have probably gone up…maybe
Especially right now with the stock market tumbling.
I bought high and they all lost value. Now I’m living in a van down by the river.
That is the goal right? Right…
Hmm, I don’t know if it’s “beating” it but I definitely have not lost near the money I would have in most of the stock market these past months. I took a lot of profits out of the stock market last summer as it felt very bubble-like in most areas of it to me (I also work as an analyst so I was seeing a lot of warning signs in general). I think many parts of the stock market are becoming a buying opportunity now, so I’ve been slowing down on my card purchases lately. I think both the stock market and trading cards are both good buys now compared to where they were, particularly for the long term (short term is uncertain, more-so in the stocks).
The goal is once they have zero value I can use the cards as shiny paper to roll my doobies while living in my van down by the river.
The stock market and inflation are 2 different things.
In most cases anticipated rising inflation will results in the stock market tumbling.
The point was the stock market is tumbling more than my collection.
Today my SP500 lost 3% and my pokemon were flat. In the last 12 months my SP500 is up 10% and some of my Pokemon is up 200% while most of it is down anywhere from 90% to flat.
Tomorrow who knows.
Long term (50 year timeframe) I expect my SP500 to return 7% annually after inflation and almost all of my pokemon cards to do worse than that personally. A handful will potentially beat it by a lot though, and I can make margins doing business in Pokemon in all markets. I can make money in the SP500 while I sleep though too.
SP500 good, Pokemon good but very different.
Going on 14 years now. I’m not worried about it
Hard to talk about just this past year. Pokemon was top of the hill and tumbled from 2021 highs, but anyone that has been in it since before that is doing fabulous. The important thing is to buy steady and not just drop all your funds at one time. Time has shown all markets to recover and beat their highs with time. Some cards did not fall for that matter, such as certain higher end japanese cards.
I don’t know if I’m saying this correctly but I think the inflation aspect was “baked in” to prices one year, in the same way that many assets across the board saw a rise including stocks, crypto, real estate, etc. These things tend to mostly transact in real time so the effect of a devalued currency is also seen in real time. Whereas the actual measurable consumer price index is probably more of a lagging indicator because of the time it takes for the entire supply chain to react. I’m no economics expert by any means so this is just mostly speculative and if someone wants to correct me, feel free.
My main point though is a bit nuanced though. It’s that inflation was already here one year ago. If so, the “effect” of the measurable inflation today was already accounted for at the time of purchase. In other words, if you were to “adjust for inflation” the price of a card between last year and today, I’m not sure if there would be anything to adjust for.
@pkmnflyingmaster, I think you’re right. But its a more interesting conversation if we pretend you’re not right.
Hard to really tell cause there are many other costs involved in selling pokemon if you had to. 7% inflation + 13% selling fees + taxes on gains but generally I’d say yes to the original question.
Can’t argue that.
I’m from the country that invented inflation with an annually rate of more than 50% so answer is always a big YES
Inflation has been winning post-dump but my $tonk bunker was built to withstand such timeframes.
Lets just say I upgraded my card storage from New Balance shoeboxes to BCW storage boxes
