(Topic ID: 292225)

Pinball collecting, and opportunity cost

By swampfire

3 years ago


Topic Heartbeat

Topic Stats

  • 14 posts
  • 11 Pinsiders participating
  • Latest reply 3 years ago by RCA1
  • Topic is favorited by 1 Pinsider

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Linked Games

Topic poll

“Is this bullshit math?”

  • No, it’s real, and now I’m sad 6 votes
    32%
  • Total bullshit 5 votes
    26%
  • I’m a cat 8 votes
    42%

(19 votes)

#1 3 years ago

While I was reading “PinGreed” thread, I was thinking of something nobody talks about, and I hope my wife never figures out. If you think pinball is expensive now, consider what holding a game for 10+ years really costs you. Google “hypothetical historical return calculator” and take your pick; I used this one:

https://financial-calculators.com/historical-investment-calculator

Now put the cost of your game and the year you bought it, and make sure you set “one time investment” to “YES”. I’ll use my LOTR as an example. $4300 invested in the DOW from 2004 to 2020 would have left me with $13,327. NASDAQ: $25,475. So, there’s the “real cost”: the hefty profit I missed out on by sitting on my LOTR for 16 years.

I’m not an investor, and I’ve pissed away more than $4300 in 16 years in beer alone, so this isn’t a lecture. I have no ragrets, I know I deferred my retirement a few years buying pins. This is just a counterpoint to the “greed” commentary. If I was really greedy, I’d never have started with pinball.

#2 3 years ago

Pinball is not practical. In fact, I can’t think of a practical hobby other than investing!

#3 3 years ago
Quoted from ToucanF16:

Pinball is not practical. In fact, I can’t think of a practical hobby other than investing!

Profile pic checks out with vote, lol!

10
#4 3 years ago

This is a slippery slope which leads to living in a tent in your friend's backyard for free.

#5 3 years ago

Yeah, it's a hobby and the math never works out financially. Even if you take a $1.2k loss on a NiB in a year, you paid $100 per month. That's a lot of location play.

Especially now that the government is pumping the market most things won't beat the returns. Until the market isn't pumped, the only real play is starting a high margin business like software or pharma.

#6 3 years ago

You can’t put a price on fun

13
#7 3 years ago

I had a work friend who came over once and said “my dad taught me that this is something you let someone else do, and go over and enjoy their games instead of buying them.” He didn’t get invited back, I want fellow insane collectors who will validate my life choices.

#8 3 years ago

You know what I'd do with all that money?

Buy pinball machines.

#9 3 years ago

What’s the point of making money if you don’t enjoy it?

#10 3 years ago

I put about 4K away into the stock market every month for 25 years now. Pinball is just a hobby

#11 3 years ago

As a Bally solid state guy, I've owned over 50 of them. I never lost a dime on one. Many bought years ago when prices were cheap. And if I factor my labor into bringing a dead game to life, I might of made $5 an hour for labor. But more working pins means more people in the hobby, and that's good for the hobby.

#12 3 years ago
Quoted from tomdrum:

As a Bally solid state guy, I've owned over 50 of them. I never lost a dime on one. Many bought years ago when prices were cheap. And if I factor my labor into bringing a dead game to life, I might of made $5 an hour for labor. But more working pins means more people in the hobby, and that's good for the hobby.

Yeah, I’ve sunk many weeks of my life into playfield swaps and restorations. I feel good about it, since I’ve enjoyed the journey.

#13 3 years ago

Yea it’s true. Of course spending money always had an opportunity cost. I once calculated that my machines have appreciated 3-4% apy over the years (maybe more with recent prices) so there is at least some return unlike most hobbies which are like throwing money into a hole.

#14 3 years ago

"I spent half my money on pinball, alcohol, and wild women. The other half I wasted.”

W.C. Fields - almost

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