12 ms·
Apparently, many of the middle class invested in the market according to reports [0]. Maybe not the best form of savings for some, but I’m not here to argue one
by MR4D 6y ago
Apparently, many of the middle class invested in the market according to reports [0]. Maybe not the best form of savings for some, but I’m not here to argue one way or another.
[0] - https://www.cnbc.com/2020/05/21/many-americans-used-part-of-their-coronavirus-stimulus-check-to-trade-stocks.html https://www.cnbc.com/2020/05/21/many-americans-used-part-of-...
- adventured 6y agoAnd collectible cards (baseball, basketball, football, pokemon, magic the gathering, etc). The card market exploded upward during the pandemic. (existing asset bubbles from low rates + $1,200 onto the fire + people stuck inside = huge shot of demand from buyers of cards; it wouldn't do much in the million dollar art world, however most cards are obviously more in the affordable range as it pertains to a $1,200 injection). The stock (CLCT) for the largest card grading service went up 200% over the past year, after hardly moving the prior four or five years.