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Dave Ramsey Slams $33K Pokémon Card 'Portfolio'
3 Nov
Summary
- Husband's $33,000 in Pokémon cards labeled a 'habit' not investment.
- Ramsey cites historical examples like Beanie Babies as poor investments.
- Pokémon card index shows significant gains, but with caveats.
A 27-year-old woman, Lisa, revealed her husband's substantial collection of Pokémon cards, valued at approximately $33,000, was considered a "portfolio." Financial expert Dave Ramsey strongly disagreed, characterizing it as a "habit" rather than a legitimate investment. He pointed to historical examples like Beanie Babies to illustrate the risks associated with collectibles.
Ramsey's stance remains firm, having addressed similar situations previously. Previous callers discussed significant debts incurred from attempting to "flip" Pokémon cards. Despite claims that Pokémon cards have outperformed the S&P 500, a closer examination reveals caveats regarding index methodology and survivorship bias.
The Pokémon Company, however, has reported immense success, with billions in sales and cards produced. This highlights that while individual collectors may struggle, the company itself has achieved significant financial gains, supporting Ramsey's assertion that "the guy that invented the whole thing" is the primary beneficiary.
