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Dear Rudy: I borrowed $20,000 on a Credit Card to invest in Magic
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- čas přidán 13. 06. 2019
- This is the Largest UNAPPROVED / UNSPONSORED / UNCONTROLLED Magic The Gathering Channel in the world filled with Greed Monsters, Evil Investors, and ....3.696969% Women
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MTG - Core Set Variety Pack
M12/M13/M14/M16Origins/M19
MTG - Modern Horizons
MTG - Core 2019
MTG - Guilds of Ravnica
MTG - Ravnica Allegiance
Quick reminder: Rudy is a high level certified Debt Wizard and this type of financial magic should not be attempted by apprentice magicians.
Finance Magic - Magic Finance
Credit Ruby is coming for Kaya's seat at the head of the Orzhov
nobody like this it is precisely 200
Still a better finance advisor than Dave Ramsey.
@@fsmoura it was 'financial magic' not 'finance magic'. so, it makes sense.
Forgetting magic for a second, this is general solid investing advice.
Oh, Timmy. That sounds like a tremendously bad idea!😬
My favorite type of Rudy video. Thanks from a non-magic player
I honestly enjoy when you lay out information that is of genuine use regardless of whether it is specifically targeted towards magic. Learning to properly wield credit is an important skill in todays world.
The Magic Historian 🐕 🍴
Purp!
weapons of mass consumption
The important thing is to learn to swing them around yourself in that impressive figure of eight pattern that makes you look badass but take care so that the sharp edge doesn't slice you in two.
Wish you weren't so ignorant, it's why I can't watch you anymore, quit talking out your ass about things you think you know. You might find that you get a better following.
Putting a midroll add right after the words 'ten minutes' classic.
I'm really learning a lot from these videos on economics. Thank you and please keep them coming!
Having watched every episode of Leverage I agree it is very difficult.
Dear Rudy, these are my favorite types of videos, I’ve never played bought or held a magic card but I find the collections/value fascinating, and when you delve a little out of that world to explain these lessons that can apply to many other things that’s what I love the most
Thanks, Rudy. Love these insightful investing videos. Very helpful and yet somehow very entertaining as well. :)
Dear Rudy, please discuss more about low-socioeconomic targetting.
I would argue targeting versus providing capital to people who always fall into interest. Sadly too many people live beyond their means and statistics show that lower income overspends on material unecessarry items. You will find wealthy people can't be taken advantage of easily as they are usually cheap/frugal. Not my opinion just what the research shows and banks will always go for the higher interest money grab
I think it means its targeting people who earn around average or below average wager who need cash like say you borrow 100 but the intrest keeps going up very high and people are unable to pay. so the bank earns this back in property or money they lose 100 but gain property worth say 20,000 cause the intrest rates were so high. if i understand rudy correctly the company thing is an example it could be any other conpany like a light and water company and it could be anything thats worth value and shops buy cards cheaper than market price so that they can sell it at market price so they cheat and gain money and the owner loses out
@@Netsonar69 might i ask where you get these statistics from cause most people actually need money for month to month living i know some cases there are those who spend on material things but most spend on basic needs
YeOldeBassist m8 the stress that poverty brings makes people spurg out of control on both necessities and luxury goods. People who have been worried about surviving the past 4 months aren’t going to think that they’re money is investable and that they can make a 4% gain over the next 4 months. You’re putting out talking points that are used by politicians as an excuse to remove social safety nets and blame the poor on the counties woes
This is not meant to be mean or insulting it’s just an argument that has malicious intent
But Timmy's Bent Card Emporium is too big to fail!! The Government will bail me out!
You may also need an unbent or overbent card emporium.
Do you listen to opie and anthony?
It worked in 08'!
guarantee you 100% rudy got both a sba disaster loan and ppp. rudy was bailed out in the last 3 months twice
Excellent little nugget there: you've got to enjoy it. Good advice in general. Being stressed out by something clouds your judgment, and makes you fail to see options and opportunities.
I like how if we use the word leverage instead of borrowed or "on credit" you guys sound more fancy.
Leverage means the credit is used on business and not frivolous shit not intended to make you any money back
I always love these great life lessons! I feel like I understand the investing world a little more with each one.
Thank you for being suck a great channel and such a wealth of information for the community. I finally joined your patreon and ordered 3 boxes of Modern Horizons. Can't wait until I can order other sets and then the commander 2020 decks eventually
How did it go?
Amazing video. Thank you for the life lesson
Love these videos ! Very informative
Honestly after reading the title i had shivers down my spine.
I always love these types of videos Rudy! Keep em coming! *giggedy*
TheMrJonR giggedy? do you even know the correct spelling of that or where did it come from?
Thanks for the videos!
This video was very informative and I learned a lot from you today Ruby!
Thanks 😎 all of us really appreciate you
Good video. Food for thought.
I recently started watching these videos and it made me want to buy a starter box of boosters, possibly buy one for each set that comes out, I plan to leave them for 10 or so years and see how much I can get for them.. but knowing me, I'll just open them in 10 years and look at all the pretty pictures, haha
Great video man great!!!
Love videos of this nature hairy investing man. I love magic cards, but I'm in no position to invest in them. Still fun to learn how this market is evolving, and how it was before I was paying attention. I look forward to your videos this year for sure!
I love these video’s....In europe we don’t use creditcards much, so I try to use excess liquidity. Since cards increase slowly in value, I buy and wait.....HODL 🙃
Smart guy. Still I wonder why youtube recommends me these magic videos. I've never played magic, owned magic cards or even hold a single magic card in my hands.
Interesting concept, for stocks. The credit card leverage part.
Great video, keep it up
wonderful seminar !!!!!!!
I've been doing the second option you talked about with the money I've been talking for investments, but I keep it within my range where I can pay in full before the interest kicks in.
This person went full Timmy. NEVER, go full Timmy.
People other than Rudy who say 'Timmy' are going full Timmy.
Wtf is full timmy? Lol
naw this dude zoomed past full Timmy and hit Potato...
mike Duffy Tropic Thunder reference?
@@MacHacking Are you seriously dissing someone's anime pic? Astonishing!
Damn I loved you for being a good boy knowing much just liking your commentaries. But you're an intelligent ass dude that has learned systems. Only recently discovered the extent of the bulk of your magic booster box collection for unboxings. You're a fucking legend in my book. With some serious entrepreneur mentality
Thank you Rudy. You’ve helped me from being a literal and figurative Timmy, to a great investor. Thanks again bro.
timmy's don't play. . so they make stupid purchases .
Duel deck Blessed vs Cursed is spiking because of gravecrawler. What a great investment. Up until last week you could still find them 20$ with shipping. Those days are gone. Glad I went all in on that & menfolk vs goblins! Packed with sure thing great cards!!!
Very informal video Rudy, I'm trying to branch into bigger capital, but magic cards shift so fast. At least the newer ones. Most of the old sets stay pretty high and meaty.
Thank you, Rudy.
Thanks Rudy I play your vids in my work van
Love seeing other content creators commenting on Rudy videos.
Rudy's mustache:
1B 2W
3/3. Persist and Absorb
Rudy, I'm only subscribed for these videos.
That sounds like a crazy thing to do!
Never take out loans and credit cards for collectibles... the market is so wishywashy...
It's video's like this that do 2 things. They show that Rudy IS an average individual who's accomplished great success due to his passion and education, also showing us that we could do the same. The second thing is that they keep me coming back to see what you have to say. Keep up the great work
We need more of these videos ...
I love these talks!
I remembered I did that too before 2008. Citi’s offers were the best. Some have 18 to 24 months interest free plus 3% transaction fee maxed at $100. Some you pay low interest 2.5% fixed but no fee (make sure max amount and don’t use card till paid off). Then I used the money on high interest savings account with FDIC or bought savings bonds with credit card (2003). Those were the good days. Now, I have about $1,800 student loan left at 2.5% fixed (I had $21,000 consolidated loan at 2.5% fixed since 2006). Bottom line, if you are going to leverage, find something stable return yield and liquidity. Cards can have good return but not liquidity. If you plan to flip, be aware that others are doing the same thanks to social media where they brag about everything. You miss out element of surprise.
Rudy is an OG wall street bets member; plate thing on right hand shelf.
Rudy these videos are wholesome and you're keeping these kids safe with their spends.
"Real hat, not a taco hat." Poetry.
Rudy started out describing buying magic cards. In the end he described junk bonds, coporate debt, and defined benefit plans. Remember 2020 will be the year of the Timmys.
RUDY YOUR THE SHIT AND ALL THESE PEOPLE ARE SOOOO SOUR I LOVE IT. IT'S SO FUNNY TO SEE, GENUINLY A GOOD PERSON MAN THANKS FOR BEING AROUND.
Uncle Ruby, dropping excellent advice for his fans.
I am an investor, and the risks Rudy points out in this video are the main reasons I never take loans, but instead keep reinvesting my own profits as capital for new investments. It can be _very_ slow to amass a serious amount capital this way, but it is the safest route, as you never have to worry about paying any money back. Honestly, I'm fairly certain I could make a lot more by taking a loan (leveraging), but that involves a possible risk that I don't want. Also, like Rudy said, you really have to keep your eye on the prize; If you're impatient, investing is not for you.
Credit Cards can be helpful, Out of college I got a Credit card from a local bank with a 4% Interest rate, but managed to pay it off every month. It allowed me to slowly build Credit over the next 2 years and since it was my only line of Credit, when making larger purchases on things or signing up for better cards - My credit was awesome from paying it off each month! However people beware of credit cards however, I've had some friends in debt only able to pay the interest each month. Be smart with your purchases and be able to pay it off as soon as you can and they can be valuable tools!
Then you can buy lots of magic cards!
8:50. THIS is the most important aspect people overlook when investing in Magic cards - especially sealed product. It's exactly why I got out of the booster box game.
Right is great time for booster box game - judging by your name - id assume youre a 90s kid - I want to say this is wave 3 of mtg. Wave 1 is Seattle, wave 2 is ice age, right now is where i think the next generation of nostalgia starts. Dont break yourself, but keep your mind open. Remember when you cracked that card that beat you the last game during lunch time.
Also - fairly drunk right now - long week - deadlines - and a bunch of other shit id prefer not to say sober. Go stillers!
NotAPolarBear Calling people cringe is cringe dontcha know
I remember when you told the Timmies to get credit cards...
Best video of Rudy ive watched
Rudy we love you man
Rudy! Sometimes when I'm home alone I like to shout your name like you do at the beginning of your videos. Because of you I bought my first box of magic I won't open. Shoving a box of modern horizons into my closet and we'll see what happens in 2-3 years. Then I went and got some tacos so it was a good night.
Jay Stein my lgs is selling boxes of modern horizons for 275...lmao!!! Wtf?
How’s that box doing now?
Hey Rudy! just saying that I am one of the people who loves you since 2017. my 551 alpha collection jumped from 2200$ to 16k since then! Thank you!!
Good advice Rudy!
The person asking for advice... might need to do a bit more studying before doing any more alternative investments and using leverage.
I have like 5 credit cards and never heard of boucing, might look into it cause raising my credit limit is fun to me.
Rudy is the CNBC of MTG Finance.
I somehow subscribed to Rudy a couple of years ago after a rabbit hole on CZcams. Despite not ever watching, owning or playing MTG, and no plan to if I'm honest. I look at it more as an obvious investment opportunity more than a great game. Forgive me if I'm wrong but isn't MTG basically a pretty long term investment? Why the hell would you take a loan for a LTI expecting to pay interest??
Rudy is spot on with time flying in my comment alone. Couple of years feels like yesterday, and your comment about putting things off and all of a sudden it's month 10-11. Even with basic tasks. Thanks for another solid video.
- Mike^2
I'm going to watch this video everyday until its drilled in this just makes SENSE
I came for the unbox videos, stayed for the sage advice by Rudy
diablo ii video when rudy? What was your favorite class?
these videos are why I still follow creepy rudy to this day. I bought 1 pack of magic cards 3 years ago. I still come back every video for these and love the box openings. I know the big name Mythics, rares etc. of much of the latest magic cards but don't own a single one. Rudy is the best. He cares.
Does Rudy really live in his parents basement?
Yes
I believe he actually invented the whole living in basement of parent(s) situation. Even before there were basements he was already doing this. You know he has a time machine right?
Yes. It is also his WPN store and Distributor.
I moved out, my gf was being a bitch. my parents called and said "we miss you come back" so i did. fuck it your parents love ya more then anyone else, they arent getting younger. live with love and forget society
Spoiler Alert: This whole comment section lives in Rudy's parents basement!
Loved when Rudy was trying to say LulaRoe.
great math there at 5:40...
is that RudyMath?
Mmmmm, that final fantasy tactics strategy guide
Lmao the Wall Street bets guy is the thumbnail
Ruby!
Rudy, you're a good dude
Ouch that seriously hurts.
Holy smokes!!! It's 2019 "Ricky from trailer park boys" Rudy!!
Please open your next video with "smokes let's go"
I swear down magic card value depends entirely on investors! Once there’s a shred of uncertainty and big investors offload people are screwed!
I did that stuff with Pokémon back in the day I had it bad with that card collection
Hey Rudy, do you think you can make an in-depth video going over the 2017 black swan event? That sounds really cool and I like the way you present this type of information. Unless you already have a video about it.
Andesmountain agreed a deep dive would be really interesting
Leverage brakes empires. One of the truest things I have ever heard. Here I am 2021 and the national debt has ballooned. Leverage brakes empires.
Are you going to buy out the rest of his collection and share it with us :3
I see you Rudy, the /r/wallstreetbets icon in the thumbnail.
This was an AWESOME Video! Thanks! :D
Lularo was a weird beast. At least for me. The secondary market was where all the money was. I feel sorry for everyone who signed up to sell for them. They would get so much stock but id come in, pay a little more for the choice bits and get a crazy amount of return.
At least it wasn't 20 grand worth of elderspell. F
Or Narwhals!
Or tar pits
Or Tacos
The Elderspell is actually going up in price. lol
Or Balduviuan Horde.
Another great financial advice video.... I loved it even if I heavily leverage FX 😀
I've got 7,500 units of this food item that expires feb 2020. My cost was $1.09 each. I'm selling 2 for 13.49 on Amazon, after fees I get 7.19 for the 2. I need to drop my price so they sell faster before they expire. My target wholesale price to local stores is $2 each, they will turn around and sell for 4$. I got someone who would buy 5,000 units for $1.25 each which I would do just to get out of the market and be done. I think that person wants to sell all $1.75 each and they already have a buyer. But all the variations have their risks and rewards.
Ok extremely nerdy thoughts. How exactly do you do income taxes, with deductions. Do you split the price of a box you crack among individual cards, or just cards you can sell. Can one deduct the cost of basic lands and write them off.
AMAZING!!! NO FIRST TOOLBOXES!!! WHOA!
have you always had that wallstreetbets thing in the back?
Or just don't bet what you cannot afford to lose. Start by flipping small collections and then work your way up to big boy reserved list investments. This isn't hard people, also don't be afraid to offend people offer what you can and if they get upset or you're too far apart walk away. Always be polite but know when there isn't money in it.
H.A.M that’s what I did... I started with $200 and kept flipping small collections. Fast forward 2 years and I just sold one binder for $8,000 with a large collection left to sell.
In Brazil this Credit Card interest would be almost 400% a year. lol.
Yes, a lot of things Rudy says does not apply here. its Just like logic
You tell em Rudy
What are some skills that you learned during your deadtime when you were younger? I'm learning languages and doing research for my book, but what other useful stuff did you pick up?
When I was young and exceedingly foolish, I would completely overlook the reality of interest on my credit cards. You don't just have to pay your balance, you have to pay your balance plus however much interest accumulates.
Solid video. Moar like this please
Can i fail if i buy over years and years booster displays (12 - 20 per year) sitting on them for 10 to 20 years....not borrowing any money just spend the money that i earn anyways?
One year is just too short term for any magic investment. It is a crazy risk to have any plan where you have to make a profit and get out in under a year.