Baseball Cards Can Teach Us Some Things About Investing, by Scott Stolz, CFP, RICP (week 31)
When I was 5 years old, I discovered baseball cards. The older kids in the neighborhood collected them and since I wanted to be like them, I had to collect them too. Not coincidentally, that’s when I started playing baseball as well. Every Sunday after church my dad would take my brother and I to Hood’s Pharmacy in Urbana, IL. He would give us a each a quarter so we could buy five 5-cent packs of cards – complete with gum. Of course I was too young to know any of the players, so I aways had to ask my dad if I got any good players amongst by 25 cards. I remember asking him if some guy named Mickey Mantle was any good. He confirmed that he was. I was glad because I thought he looked really cool on his 1965 card. I’ve collected cards ever since. And I was lucky, because my mom never threw my cards out when I got older. Now, if I had only left some packs unopened. The picture below is a 5-cent pack from 1960 that rece...