Bankruptcy By Beanies

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sportchampps

Senior Member

7,361 posts
Jul 26, 2013 3:28 PM
Seriously how stupid could a family be. Tried to put their kids thru college by buying beanie baby's and reselling them except they never sold any and now their worth nothing.

http://m.youtube.com/watch?v=PgDsyj5eLmo&desktop_uri=%2Fwatch%3Fv%3DPgDsyj5eLmo
Jul 26, 2013 3:28pm
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sportchampps

Senior Member

7,361 posts
Jul 26, 2013 3:29 PM
Title is misspelled can a mod change it for me
Jul 26, 2013 3:29pm
Fab4Runner's avatar

Fab4Runner

Tits McGee

6,196 posts
Jul 26, 2013 3:35 PM
I believe you also posted the wrong link.

But here's this:

Jul 26, 2013 3:35pm
S

sportchampps

Senior Member

7,361 posts
Jul 26, 2013 4:10 PM
Link is updated and ill take 2 from the photo above
Jul 26, 2013 4:10pm
Fly4Fun's avatar

Fly4Fun

Senior Member

7,730 posts
Jul 26, 2013 4:14 PM
sportchampps;1479067 wrote:Title is misspelled can a mod change it for me
You can fix your own title. Just double click the title on the Serious Business page listing the threads.

Now for the topic:

I'm still waiting on my Pog collection to pay off in the millions! I figure in only 40 more years I will fund my retirement on Pogs.
Jul 26, 2013 4:14pm
Heretic's avatar

Heretic

Son of the Sun

18,820 posts
Jul 26, 2013 4:19 PM
Fab4Runner;1479070 wrote:I believe you also posted the wrong link.

But here's this:

I'm getting more out of this pic than any discussion of Beanies would provide. Much More.
Jul 26, 2013 4:19pm
Fly4Fun's avatar

Fly4Fun

Senior Member

7,730 posts
Jul 26, 2013 4:24 PM
Heretic;1479088 wrote:I'm getting more out of this pic than any discussion of Beanies would provide. Much More.
Their knees are too shiny.
Jul 26, 2013 4:24pm
Heretic's avatar

Heretic

Son of the Sun

18,820 posts
Jul 26, 2013 4:32 PM
Damn.. 2/10. Would not touch.
Jul 26, 2013 4:32pm
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Ironman92

Administrator

49,363 posts
Jul 26, 2013 4:46 PM
They only produced 20,000,000 of each of the McDonalds ones....seems pretty rare. Lol
Jul 26, 2013 4:46pm
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gut

Senior Member

15,058 posts
Jul 26, 2013 6:08 PM
I remember a guy trying this with baseball cards, and this was mid-80's. A little late to the game (and he wasn't buying the rarer stuff but loading up on Topps). Still, I think he probably should have at least doubled his money, I don't think he would have lost any money (other than interest/inflation).
Jul 26, 2013 6:08pm
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Classyposter58

Senior Member

6,321 posts
Jul 26, 2013 6:41 PM
You wanna send kids to college, buy gold and let it skyrocket
Jul 26, 2013 6:41pm
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Iliketurtles

Senior Member

8,191 posts
Jul 26, 2013 7:58 PM
Classyposter58;1479125 wrote:You wanna send kids to college, buy gold and let it skyrocket
Didn't you watch Looper? Silver is the way to go!

But I remember in high school I had friends mom who had a bunch of beanie babies... I don't know if she ever planned on selling them or was just collecting them lol.
Jul 26, 2013 7:58pm
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gut

Senior Member

15,058 posts
Jul 26, 2013 8:07 PM
Classyposter58;1479125 wrote:You wanna send kids to college, buy gold and let it skyrocket
The 80's called...they want their money back.

But until the global deflationary pressures subside, I don't see an end to the gold bull market.

Note, however, that gold was up near $2000/oz not that long ago, and recently trading @ $1250 (very close to a 3-yr low). You most certainly have to pick you buying spots.

And I still prefer investing over buy-and-hold gold. I think it's less risky and expect better returns over some 20-yr horizon you're talking about with college tuition.
Jul 26, 2013 8:07pm