Very good video. What many people also dont realize is that theres still untapped markets with potentially massive ROIs. Some of these are within cards, but others are outside sports cards. You have to think outside the box. This hobby contains more than just cards. You have tickets, newspapers, photos, game-used memorabilia, magazines, etc. You dont have to take a gamble on modern players to make a profit. All you have to do is know whats undervalued and being overlooked within the vintage HOF markets. You can then value invest your money, rather than taking a risk on modern players.
The Big Short with Christian Bale, Steve Carell, Ryan Gosling, Brad Pitt is entertaining movie on how a financial bubble can grow and then pop... in the movie's case, it was the USA housing market and was equity gains being build like a house of cards... a good watch to help explain in entertainment form how a bubble plays out. The good news for us all, bubbles after they burst in most cases take time to stabilize and return to normal growth/rates of returns... and some (beanie babies) dont return and get discharged from ICU, but are sent to the morgue.
Speaking on card insder trading, PSA magazine interviewed a guy who bought Mahomes cards because his friend who was a security guard at Chiefs pratices said he was incredible at OTAs.
Whenever the average person (who doesn’t have knowledge about that entity) starts investing in it, there will be a bubble. I remember in 2005, i found out s friend of a friend started flipping houses. This person was the last person i would take financial advice from but he was jumping on the bandwagon because the housing market was red hot. Needless to say, a few years later the housing market collapsed. This is why i stay away from any ultra modern player until maybe their 7th-8th year and they have established a resume that pretty much puts them on a path to the Hall of Fame. These ultra market players values are driven by many people in this hobby who probably never watched them play. The second the jig is up on that player (cough** Mac Jones **cough), it falls like a House of Cards.
For football fantasy, I rely on paid rookie & college player analysis by a very, very small group of people. I was on Mahomes, Megatron, Lamar Jackson, Michael Turner, Chris Johnson, Big Ben, AJ Green, etc… very early. Unfortunately, didn’t buy a single card but it helped my fantasy teams.
Anthony Edwards is a current example. He was so hyped recently. A great player but his cards were wild. If you had him 2 years ago you were probably solid. But I bet a lot of people bought at the worst time.
Love this video.. I get terrible fomo and have terrible discipline with stocks. Any good suggestions of videos or courses to help not fall victim of it?
@@joereynolds3237 The Intelligent Investor is a great book on investing the right way. There are some easy tactics though like having your wife set the password to the brokerage account. Or have a financial advisor as a coach - someone that can ask you “why?”.
I can tell you. I am experienced in world economics. I’m 51 years old and I have found a trend for bubbles. If the trend has caught my attention and. I get into the purchasing of items then the bubble has been pumped and it’s going to dump all over me.
Is there many examples of a market surge that remains high? particularly assets that are consider safe, long term. (yes, i am thinking Michael Jordan here)
This is soooo goood 🎉 needed this in 2020 😂. Thank you!
Very good video. What many people also dont realize is that theres still untapped markets with potentially massive ROIs. Some of these are within cards, but others are outside sports cards. You have to think outside the box. This hobby contains more than just cards. You have tickets, newspapers, photos, game-used memorabilia, magazines, etc. You dont have to take a gamble on modern players to make a profit. All you have to do is know whats undervalued and being overlooked within the vintage HOF markets. You can then value invest your money, rather than taking a risk on modern players.
Love the focus on other items
@@LawrenceFZIII I personally wouldn't have it any other way.
Yep. Great advice. Buy the rumor , sell the news. When it comes to retail investing, many times it’s better to be lucky than smart.
The Big Short with Christian Bale, Steve Carell, Ryan Gosling, Brad Pitt is entertaining movie on how a financial bubble can grow and then pop... in the movie's case, it was the USA housing market and was equity gains being build like a house of cards... a good watch to help explain in entertainment form how a bubble plays out. The good news for us all, bubbles after they burst in most cases take time to stabilize and return to normal growth/rates of returns... and some (beanie babies) dont return and get discharged from ICU, but are sent to the morgue.
Great movie … “look for fraud” was part of the research they did
Speaking on card insder trading, PSA magazine interviewed a guy who bought Mahomes cards because his friend who was a security guard at Chiefs pratices said he was incredible at OTAs.
You nailed it … that’s exactly what I meant. And there is no SEC for sports cards
Whenever the average person (who doesn’t have knowledge about that entity) starts investing in it, there will be a bubble.
I remember in 2005, i found out s friend of a friend started flipping houses. This person was the last person i would take financial advice from but he was jumping on the bandwagon because the housing market was red hot. Needless to say, a few years later the housing market collapsed.
This is why i stay away from any ultra modern player until maybe their 7th-8th year and they have established a resume that pretty much puts them on a path to the Hall of Fame. These ultra market players values are driven by many people in this hobby who probably never watched them play. The second the jig is up on that player (cough** Mac Jones **cough), it falls like a House of Cards.
@@chrisolivo6591 Well said … Mac Jones haha. Great gig though he’ll be a backup QB for 10 years at $1M a year.
For football fantasy, I rely on paid rookie & college player analysis by a very, very small group of people. I was on Mahomes, Megatron, Lamar Jackson, Michael Turner, Chris Johnson, Big Ben, AJ Green, etc… very early. Unfortunately, didn’t buy a single card but it helped my fantasy teams.
I always ask my physical therapist about injury recovery times 😂 he dominates his league
@@SportCardMadness the point being is people can utilize “trusted” research that’s not even intended for its targeted audience & purpose
Anthony Edwards is a current example. He was so hyped recently. A great player but his cards were wild. If you had him 2 years ago you were probably solid. But I bet a lot of people bought at the worst time.
I actually went back to 2022 and 2023 and his high end cards were still extremely expensive
Love this video.. I get terrible fomo and have terrible discipline with stocks. Any good suggestions of videos or courses to help not fall victim of it?
@@joereynolds3237 The Intelligent Investor is a great book on investing the right way. There are some easy tactics though like having your wife set the password to the brokerage account. Or have a financial advisor as a coach - someone that can ask you “why?”.
I can tell you. I am experienced in world economics. I’m 51 years old and I have found a trend for bubbles. If the trend has caught my attention and. I get into the purchasing of items then the bubble has been pumped and it’s going to dump all over me.
Is there many examples of a market surge that remains high? particularly assets that are consider safe, long term. (yes, i am thinking Michael Jordan here)
Of course! Assets rise to the top in any bubble. Amazon and eBay survived the .com crash, etc
@@SportCardMadness very interesting.. food for thought! Thanks for the great content
Where did you do graduate work in Econ?
Babson College; same place I got my MBA
thats why nfts are here... liquid.. instant...
@@jamesnguyen7069 Massive value fluctuations though … for now.