Home » General Investing » Are Sports Cards an Alternative to 401k or Roth IRA Investing

Are Sports Cards an Alternative to 401k or Roth IRA Investing

Engage with me!
invest in 401k or invest in sports cards

An instagram follower, @nickscards, recently asked if sports cards are a legitimate alternative investment to 401k investing.

This is a great question because I know from talking with many in the sports cards community that some will forego the 401k or roth IRA in order to put that money back into sports cards.

I hope I can make my message clear to the sports cards community.

Please do not replace any retirement accounts whether it is a 401k or roth IRA and prioritize investing in sports cards. Sports cards provide a very high level of risk compared to other investment options so sports cards should only be considered as alternative investments.

alternative investments antiques art wine sports cards jewelry

I personally view alternative investments such as sports cards as allocating disposable income after I have contributed to both pre and post tax retirements accounts (401k, roth IRA) AND taxable accounts such as a stock portfolio that is not part of my retirement accounts. Only after such contributions will I invest in sports cards.

As a side note, if you have debt, you should prioritize paying off debt. Luckily for me, I have no debt having recently paid off my $77,000 student loan debt, which is why I can put money towards sports cards and stash some for the long term.

Engage with me!

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow by Email
Twitter
Visit Us
Follow Me
YouTube
YouTube
Instagram

Thanks for Visiting! Consider Being An Email Subscriber to Receive Post Notifications, Exclusive Content and Reader Offers!

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

OMG My Money - Personal Finance and Sports Cards Blog will use the information you provide on this form to be in touch with you and to provide updates and marketing.