Did you ever have one of those ideas that you thought was iron-clad? An idea that seemed so fool-proof you literally dedicated yourself to it...or at the very least were forced to by your grandma? An idea that is supposed to solve all of your problems? An idea that is so popular, that everyone else seemed to be doing it too? It happened to me.
Here's my story:
When I was younger, my grandma loved Beanie Babies. She loved them so much, that she was one of the luminaries for the phrase, "They're going to be worth something some day." And so, she passed on that thought process to me, because I just happened to have Congo the Monkey amongst my toy collection. When I was told about how much money they were going to be worth, I looked at Congo and saw dollar signs.
I remember the craze: Always checking to see when Hallmark would get a new shipment, which ones were going to be retired, when there would be hobby days (or as I affectionately called it: Card day) at the mall, my grandmother getting into shoving matches with other ladies, buying the Beanie Baby guide, the "Teeny Beanie Babies" from McDonalds, plastic protectors for the TY tag, and even buying plastic cases to keep them safe. It was a sure fire idea.
Now I invite you all to take a look at this picture. In case you can't read it, it says "Retired Beanie Babies $2.00." RETIRED! I recall days where you would see retired Beanie Babies on sale at a hobby shop for hundreds of dollars, now you can just buy them for two? What happened? Where was this crazy value? I know it hasn't been a heck of a lot of time, but this is crazy. Oh another important note: That picture was taken in a Factory Card Outlet...not a Hallmark.
These things were supposed to pay off my student loans. What the hell happened?
Bottom Line: If you have any idea like this check yourself. It's fun to be involved in a craze and to be in the know and watching out for your future...but don't go so far over the edge that if something happens you can't bring yourself back. It is absolutely horrifying to me, based on the memories that I have of the literal craziness surrounding this bean-filled-creatures, that you can now buy retired renditions for $2.00 at a Factory Card Outlet. Be careful with your money people because now all I have is a huge red wicker basket filled with tons of Beanie Babies...and hope.
Anyone have any similar stories about Beanie Babies or failed investment plans? Who was your favorite Beanie Baby? Let us know in the comment section. (Mine was Radar the Bat...and sadly the only one I ever really wanted but was never able to obtain.)
Photo Credit: Sarah Pugh
10 months ago