Buying the Dip: Are You a True Collector?

There is one harmoniously inherent trend in every collector regardless of category: We all love to get a deal. The thrill of finding something vastly underpriced compared to the next guy is the ultimate rush!

This is a great feeling when markets are screaming, but what about when everything is down? As a true collector, you cannot be scared to buy when markets are soft. The saying is “those who buy through the dip come out stronger on the other side,” and I want you to really think about that statement. Trends come and go and collecting can be cyclical, what goes up must come down and vice versa.

So why do most collectors only like buying when markets are on the up? Personally, I do not know, maybe it’s a psychological thing with the excitement of trending markets – but I try to always do the opposite. If you know a market is at an all-time high, it’s probably not the greatest time to buy in. You have to resist the urge to spend. If a market is soft and prices are half of what they used be in the past, your risk is less with the potential of it returning to its original value. This is what’s known as a “Bear” market on Wall Street, and if you think about collecting no differently than you think about your stock portfolio, and this should be an easy concept to grab.

Now, you just have to get out there and practice it!

Currently, prices for comics, toys, watches, automobiles, fine art, (essentially any tangible asset) are at record lows compared to the past five years. The COVID pandemic, in combination with the explosion of cryptocurrency, created exponential growth in collectible markets. Four years later that growth has been cut back by almost 50% in a lot of areas. To leave you with two examples, a Rolex Submariner that was once valued twelve to fifteen thousand has come back down to about seven to nine, and a Base Unlimited Charizard grade 9 that was once five thousand is back to twelve hundred. I like discounted savings like that, don’t you? Don’t be scared, get on out there collect like you never have before – The price is right!