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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Beanie Babies

August 27th, 2004 by independence

Another 90’s Bad Dream.

“It was just an online classified ad, under Collectibles for Sale, but it sounded like a cry from the heart: “I’m tired of these things now. Please save me from them.”

Kelly Cabral of Tracy, Calif., placed the ad recently after coming across a box in her garage crammed with dozens and dozens of Beanie Babies, the floppy little stuffed animals that sparked an international trading frenzy in the late 1990s.

Years earlier, there were days when Kelly and her husband, Dan, would join the early-morning crowds laying siege to gift shops that were expecting shipments of Beanies.

There were times when the Cabrals would post themselves at different McDonald’s outlets to buy stacks of Happy Meals in hopes of scoring a few of the promotional Teenie Beanie Babies they didn’t already own.

“I don’t want the food,” Kelly would say when she reached the counter. “I just want the Beanie Babies.”

Now, she says, “My husband’s like, ‘Where did we get all these?’ Then you realize you spent way too much time on this insanity.”

Posted in Asset Classes, Learn more..., Manias |

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