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> I bring it up apropos this thread because any time someone says, "If I had invested in X, Y years ago, I would have Z dollars now!!!", that's the beginning of
by stephenr 7y ago
> I bring it up apropos this thread because any time someone says, "If I had invested in X, Y years ago, I would have Z dollars now!!!", that's the beginning of the road to madness.
I did say, “I think investing in LEGO is a stupid idea”.
- saalweachter 7y agoAlso, re: 6x over 10 years versus 10x over 30 years, 6x over 10 years amounts to ~200x over 30 years, and 10x over 30 years only amounts to ~2x over 10 years; it is a fantastic return.
- stephenr 7y agoOk I’ll wait here you go invest in legos if you think they’re gonna be worth 200x as much in a few decades.
- wtvanhest 7y agoIMO, the thing about collectibles is that you would need to be way ahead to make money. GI joes were collectable in the 90s, and I'm pretty sure almost no GI joes made in the 90s are valuable now. Same with baseball cards. Legos have value now that were bought long ago or in special circumstances, but the vast majority will be worth less in the future than today.
- autoexec 7y ago> I'm pretty sure almost no GI joes made in the 90s are valuable now. More than I thought. $1000+ is pretty impressive: https://www.cbr.com/most-expensive-g-i-joe-figures/ https://www.cbr.com/most-expensive-g-i-joe-figures/
- wtvanhest 7y agoI could be wrong, but those were all from the 1980s and became valuable in the 1990s. The 1990s gi joes never really gained value because so many people collected them