I like Rudy, but there is a serious issue with this video. A 12% exit fee isn't the same as a 12% entrance fee, if you pay 12% up front on a 100$ investment, you pay 12$, if you pay 0% entrance fee on a 100$ investment and it doubles over 10 years to 200$ and you exit with a 12% exit fee, you pay 24$. In other words, a 12% exit fee is actually a 24% fee on the initial investment amount.
@@Demagogue88 Yes, but 24% in 10 years is probably much less than 12% now. Consider 2% fed target inflation rate over a period of 10 years is 21.2%, when compounded yearly. 1.212*1.12= 1.365 or 36.5%. Since you are looking at time appreciating the asset, I think you would want to consider the value of time for an apples to apples comparison.
Informative video Rudy. I had to break out the Excel sheet to stack up those 2% fees over 10 years. Assuming 8% yield each year, the C class eats 31% of the initial 10K ($3100 in fees). Only compounding and calculating fees once annually. What a Floppy Taco. I'm thinking some of the audience might like to see that stack up in a future finance video.
Hey Rudy, I’m a patron and I’m currently studying Finance in college and I’m about to get my bachelors. My god this is so interesting and this is the stuff that I love to see on my dash.
So when Rudy finally makes a finance seminar DVD on " How to not be a Timmy and learn to manage risk in investing to become Wealthy over time". I'll be the first in line to throw away my money. Seriously though I Love these White Board videos more and better info than far to many College Courses available today. Well done young man...
Awesome video Rudy. I am a financial advisor in Canada and the A,B,C shares is spot on. In Canada we can only offer A shares and my company only does 0% A shares (or 0% FEL in my terminology). In Canada our MER's are higher than the states because instead of the lock up periods and up front commission we get paid a 0.66% trailer fee per year from the mutual fund company. On every 100K I get I make around 55$ per month for the life of the investment. My goal is to have 10M under management in 10 years which will be worth 5500$ per month in trailer commissions for myself.
I like Rudy, but there is a serious issue with this video. A 12% exit fee isn't the same as a 12% entrance fee, if you pay 12% up front on a 100$ investment, you pay 12$, if you pay 0% entrance fee on a 100$ investment and it doubles over 10 years to 200$ and you exit with a 12% exit fee, you pay 24$. In other words, a 12% exit fee is actually a 24% fee on the initial investment amount.
Funny how I just watched a withboard for 7 minutes straight and then Rudi appears out of nowhere and starts explaining stuff. That's how you get the watchtime up, to reach the sweet spot of 35+ minutes in magic investment videos everyone is craving for! Love the content. Keep it up Rudi!
@@59thsurvivorofvhs Cuz Walmart ain't paying you to learn about Walmart. Ur paid to do your job. No one's obligated to teach u anything, youtubers are paid via the platform and the better they teach, the more views/ subscribers they get and the more they get paid.
Misdirection, what the eyes see and the ears hear, the mind believes 😉 Bless you Rudy. You gave us free knowledge that most people would charge for. Thank you!
Good video but I think you need one more column: how are the gains from each "investment" type taxed. While a Timmy might be able to sell $1000 or even $10000 without the IRS getting whim, when we start to hit "real" investing amounts the people who make you sad will bring you to pound town if they don't get their cut.
I'm no floppy taco expert but I'd guess that cardboard will be treated as taxable income while all the other products will be taxed at long term capital gains. Thus total fees for cardboard will be 40-50% when state/federal taxes are added to paypal/Ebay fees. Comparably class C (take it the bum) shares will be 20% + 15% long term capital gains.
Taxes definitely needs to be considerd for any investment. Cardboard, equities, real estate, bitcoin whatever investment is selected needs to consider the end tax ramifications
From what I've heard, it'd be treated the same as comic books or bullion/coins. Have a friend who is just getting into this, so take it with a grain of salt.
If you want the compound interest and rate of return of the formula from this video for the RTF, this works out. M = Money F = Fee R = Rate T = Time Rate of return = M((1+R)(1-F))^T If you want to know the fee paid M(1+R)^T - Rate of return. You work out plan B is the best because of the laxed number he presented, if it 1.5 it would be much worse.
So what Rudy is saying is that no matter which class of investment you choose, the broker always gets their cut of the pie. If you pay more fees upfront, then you pay less later, but if you decide not not to pay the initial fee, you will get hit with a higher yearly fee and end up losing more money overall. No matter which one you choose or how your investment performs, the firm always gets their cut, and they are not required to show the % they automatically take directly on your yearly statement. That is why wall street always wins, they have these accounts set up in such a way that they always get paid, no matter how the investment performs for the client. Very great video, learned a lot from it. Thanks for sharing.
Hello Rudy. Very interesting video, but I'm confused over some values. I'm wondering if we're not missing two elements here : comparing entry and ongoing fees with outgoing ones, and the ten-year evolution of an A/B/C investment vs an MTG item. I'm not in the finance world, not knowledgeable about any of this, just feeling confused after watching your explanations and doing some simple math. First, you say that when selling the box, the seller will lose roughly 12% of its value (8:11). But that is the value of the item at the moment it's sold, which looks at its final price, not the original one, right ? Therefore, it is likely to be above 12% of $10k, more like 12% of $20k, supposing that the box has doubled in value in 10 years (roughly 7% yearly increase). Correct ? Which brings me to the second point. Suppose I buy today a box for $10k. Let's assume it grows 7-8% a year, which doubles its original price once the ten years are over. The final fee cost is going to be $2 400 (12% from the $20k price tag for ebay and paypal fees). Now let's take that same sum for investment A. I'll keep it for 10 years. Entry fee shaves off 5%, so I'm down $500. Then year after year, I pay a 1% fee. Is that fee based on the original $10K ? Does it add up over the years based on the growing value of my investment ? So if five years after my original $10k are worth $15k, does the interest account for $150 ? Let's assume my investment grows by 8% a year (I took the 7-8% growth estimate you mention at the end of the video as a basis for this). Year 0 : $9 500 (10k minus the 500$ entry fee) After a year : $10 260 - 103 interest After 2 years : $11 081 - 111 After 3 years : $11 967 - 120 After 4 years : $12 925 - 129 After 5 years : $13 959 - 140 After 6 years : $15 075 - 151 After 7 years : $16 281 - 163 After 8 years : $17 584 - 176 After 9 years : $18 991 - 190 After 10 years : $20 510 - 205 Supposing yearly interest of 1% is based on the value of the share the same year, the fees add up to $1 486 + the original 500 (5% entry fee), which makes it $1 986, less than the $2400 fee paid for the MTG item. Now if there is no outgoing fee, the MTG item will beat this easily. If I do the math for the B type at 1.5%, I get to a total of $2 218, which is a bit more but still less than 12% of the final price of the MTG item. For type C, it starts to hurt. After 10 years, interests add up to almost $3k. But I assume that the Timmy getting into type C will likely not wait that long to cash in or move to another investment. This is quite simplistic, as it assumes a steady and equal growth for all the products. But still, the numbers don't add up with your conclusion. Am I missing something ? Now boxes from 10 years ago (2010) are : Worldwake : 650€ Rise of the Eldrazi : 595€ Magic 2011 : 232€ Scars of Mirrodin : 366€ Which, supposing you have the means to flip them at those prices, still seem an excellent investment, way above the 7-8% yearly increase mentioned by Rudy. Sorry for the long post and the number salad, have a potato everyone :)
One caveat is that small buyers (ie. consumers) will likely not be able to avoid sales tax the way a distributor or larger buyer can. So that can take between 4% to 8% as a cost of entry.
If you dollar cost average into an ETF, you should be able to negate the peaks and valleys of the market. I also think a discussion around liquidity is valuable when comparing magic to a standard investment.
Hey Rudy, have you thought about doing more content like this? Not necessarily just about stocks, but general economics in general. This stuff is gold man and I was glued the whole time. Entertaining and informative, thanks!
I don't usually comment to videos and have been a long time lurker on this channel. Not a huge MTG fan but like the box openings, kind of scratches the itch of going and buying them myself. I just wanted to comment to say that these kind of videos are the pieces of content I most look forward to seeing on the channel. Keep going and long live the timmy's taco stand.
Rudy, I actually think the whiteboard videos are my fave, I'm fresh off a principles of finance course and this stuff is great! Maybe your twilight years will be spent teaching meat finance at Taco University lol!
Love the long finance videos Rudy, keep it up! Also a monthky sealed product update of which you personally think will perform good would be appreciated!
Thanks for the video Rudy! Your finance videos are always a treat. Your unique blend of cynicism/practicality, experience, and charisma weaves together to always deliver actionable knowledge in such a compelling manner
Wow the "ghost shares" part is amazing. I know these videos are entertainment because you spend all your money on cardboard and tacos but still very nice. thank you.
2022 Rudy sent me here ! I never knew about how the annual fees worked on my american fund mutual funds , and ive had class C shares for YEARS, thank you so much for putting out this video!
If you want another version of what Rudy is talking about and what he did on a daily basis, watch Wolf of Wallstreet. Hilarious amazing movie. Remember with active management, if the firm makes you money then great, but the goal of any firm is to make the firm money, not make you money. Also, don’t think MTG doesn’t have an “entrance cost” because you can look at that in terms of the taxes paid on your 10k investment.
Thank you for taking the time, people really do need to learn about investing and how it works and is structured. I truly appreciate the educational videos. And yes, I would buy the RTF fund everyday, twice on Tuesday and 8 times every other Saturday!
Whether fees get listed depends on the advisor group. Some list and break up their fees annually/quarterly/monthly/etc. You have to go in and look at the activity for the account the fund is in, but it gets listed. You can start getting really angry as an investor when doing TVM calculations with and without fees. It's partly why I couldn't do investing fulltime as a career, I couldn't separate out the emotions enough to flesh out a diversified portfolio.
For those of you watching in the future: Core Set M11 (10 years ago) is currently selling in Nov 2020 for $300. Assuming an $80 buy-in, that's a profit of $220 or 275%. Minus a worst-case 20% sell-out fee, that's still 250% profit in 10 years, meaning a yearly profit of 25%. And that's just for a run-of-the-mill Core Set. I'm not even gonna mention Worldwake or Scars of Mirrodin.
Thank you for the lecture, and huh. I did not realize, before this that is, what investing in mutual funds means. That 2008 analogy really helped, where they basically "pay themselves." This content is really helpful, for those "not trying to be the hero."
The one place I disagree with this video on is that with magic, in order to sell at the best or even a reasonable price it can take months or longer... but if you have more readily traded asset classes and need cash today because lets say there is a pandemic and your business is going under... you can liquidate in a matter of 3-15 days in most case
If you buy out of State there is no sales tax. Companies like Amazon charge sales tax because they have a warehouse in each State. About 10 years ago, most States had no sales tax when you bought from Amazon. Only the half dozen States that Amazon had warehouses in would you be charged sales tax. Also a couple States have no sales tax like Washington and Florida.
Two years ago, I bought like 10 pounds of revised commons. Then I also got myself a couple of Sliver queens (after the INFAMOUS video). Guess which of the two has has grown the most!? Yea the proven single cards... you were right... But hey! It's better to make a $100 Timmy mistake early on, than to place your life savings in space godzillas, lol.
That is the real problem, that they don't even show the fees. Because maybe the fees are reasonable for what you are looking at, but how can you determine it and compare to your other choices if they are hidden?
I was actually looking into investing in some stocks and I had no idea how they worked. After watching this video, I have a better understanding on how things work and now i know all about those hidden fees. Thanks Rudy, great video. Super informative.
The greatest thing about these videos is the information available to be interpreted from Lord Timmy Not a Financial Advisor, is that you could use any collectable or TCG. It’s definitely timing, but all I know is, I need a pink visor
I realy love your off MTG topics... Bonds a.s.o. you haveing a nice way to "teach" Realy love your content ... i somehow got here from pokemon and have 0 idea about MTG but still watching your vids
I don't think you can put 0% maintenance on magic boxes. They're bricks that take up space that would be used by other things and you have to transport them when moving. Also there are key taxes missing here. A lot of states/countries have sales/vat tax when buying. Then as far as income taxes, not sure about ebay but the mutual funds/etfs are taxed as long-term gains at 15% with the side benefit of not increasing your income tax rate. Also you don't have to deal with refunds when selling.
I feel like Rudy would have been a good professor in school to have.
I like Rudy, but there is a serious issue with this video. A 12% exit fee isn't the same as a 12% entrance fee, if you pay 12% up front on a 100$ investment, you pay 12$, if you pay 0% entrance fee on a 100$ investment and it doubles over 10 years to 200$ and you exit with a 12% exit fee, you pay 24$. In other words, a 12% exit fee is actually a 24% fee on the initial investment amount.
@@Demagogue88 Yes, but 24% in 10 years is probably much less than 12% now. Consider 2% fed target inflation rate over a period of 10 years is 21.2%, when compounded yearly. 1.212*1.12= 1.365 or 36.5%. Since you are looking at time appreciating the asset, I think you would want to consider the value of time for an apples to apples comparison.
In Rudy's school, students skip Magic class to study math in the cafeteria with their friends.
I’ve always thought the same. The educational system needs people like Rudy to keep rational thinking based in reality in education.
@@robmansfield9533 I think he was gonna work out 1.3% compound interest, not 1.3% flat interest, but couldn't be bothered and just estimated lmao.
Took me 7 minutes to actually understand what he was saying.
same lol
i watched it 5 times and i still dont understand
Considering its a 38 minute video, that's impressive!
omg there is something to understand?!?? ( O>O)
it's hard without the visor tbh
RUDY ROTHSCHILD OWNS EVERY MAGIC CARD IN THE WORLD!!!!
He doesnt own Spendid Genesis or Rysorian Badger.
Rudschild
Rusy Rothschild will ban original Land Tax for insensitivity
But how many City of Asses did he tap? Err... own?
Informative video Rudy. I had to break out the Excel sheet to stack up those 2% fees over 10 years. Assuming 8% yield each year, the C class eats 31% of the initial 10K ($3100 in fees).
Only compounding and calculating fees once annually.
What a Floppy Taco.
I'm thinking some of the audience might like to see that stack up in a future finance video.
Hey Rudy, I’m a patron and I’m currently studying Finance in college and I’m about to get my bachelors. My god this is so interesting and this is the stuff that I love to see on my dash.
Rudy really loves his viewers, goes out of his way to share genuine financial advice on a magic the yugiohing cardboard taco review channel.
Bruh we are in the *ROARING* 20's right now for sure. I saw a homeless guy with a phone talking about stock here in Queens NY.
bUt ThE sYsTeM iS HoLdInG hIM DoWn
He wasn't homeless, hipsters just look that way.
most panhandlers are not homeless
Did he offer you some stock picking tips?
That's just called New York
The only thing I learned is that if I tattoo "RTF for life" on my tetherballs I should send a picture to Rudy
make it a video
So when Rudy finally makes a finance seminar DVD on " How to not be a Timmy and learn to manage risk in investing to become Wealthy over time". I'll be the first in line to throw away my money.
Seriously though I Love these White Board videos more and better info than far to many College Courses available today. Well done young man...
Awesome video Rudy. I am a financial advisor in Canada and the A,B,C shares is spot on. In Canada we can only offer A shares and my company only does 0% A shares (or 0% FEL in my terminology). In Canada our MER's are higher than the states because instead of the lock up periods and up front commission we get paid a 0.66% trailer fee per year from the mutual fund company. On every 100K I get I make around 55$ per month for the life of the investment. My goal is to have 10M under management in 10 years which will be worth 5500$ per month in trailer commissions for myself.
Take notes kids, this is gonna be in the final exam.
_scribble scribble_
I got My scantron, and my No. 2 pencil 😎
I like Rudy, but there is a serious issue with this video. A 12% exit fee isn't the same as a 12% entrance fee, if you pay 12% up front on a 100$ investment, you pay 12$, if you pay 0% entrance fee on a 100$ investment and it doubles over 10 years to 200$ and you exit with a 12% exit fee, you pay 24$. In other words, a 12% exit fee is actually a 24% fee on the initial investment amount.
Lol
“Don’t worry everyone around the 7 min mark the pink visor comes out”
Thank god. How else are we supposed to know he's serious?
Whew I thought this was all lies before that.
Oh ya he did he offered [HOME] and ticket symbol [LESS]
Dai Kennett yeah I couldn’t understand a damn thing he was saying till he pulled that puppy out
MY BRAGO! NOOOOO
This is such a clear explanation of investing in general, and how people make money of of us trying to make money. Thanks, Rudy.
Funny how I just watched a withboard for 7 minutes straight and then Rudi appears out of nowhere and starts explaining stuff.
That's how you get the watchtime up, to reach the sweet spot of 35+ minutes in magic investment videos everyone is craving for!
Love the content. Keep it up Rudi!
"The best teachers are on TH-cam, not in our schools." - Robert Kiyosaki
I learn more about my job at walmart on youtube than I learn at my job at walmart
@@59thsurvivorofvhs Cuz Walmart ain't paying you to learn about Walmart. Ur paid to do your job. No one's obligated to teach u anything, youtubers are paid via the platform and the better they teach, the more views/ subscribers they get and the more they get paid.
I cut off my beard last night too for some reason and here we are rudy shaved up!!! we're beard twins!
More like clean shaven brothers
Misdirection, what the eyes see and the ears hear, the mind believes 😉
Bless you Rudy. You gave us free knowledge that most people would charge for. Thank you!
Rudy teaches people more about money and investing then most of our parents have. Thank you Rudy! 🔥🔥🔥
Please never stop making these kinds of videos, they're excellent! Much appreciated
You have let the guy live his life, for jeez's sake!
Imagine a day Rudy make it to TED talk
My favorite teacher Dr.Rudy
How can I buy a membership to not actually own a % of RTF?
Rudy, if I see my advisor to use the calculator to know the 1.3% in 10 years... I will run out your office like Usain Bolt....
If Rudy doesn’t heart my comment I’ll spend my life savings on Transformers TCG.
Threaten to spend it on Rudy's next FOW special, then he might heart it 😁
How much you want for your Transformers TCG?
oof imagine spending fifty bucks on Transformers TCG
@@arabiannights5301 Gawd damn what a roast.
GG bro
Good video but I think you need one more column: how are the gains from each "investment" type taxed. While a Timmy might be able to sell $1000 or even $10000 without the IRS getting whim, when we start to hit "real" investing amounts the people who make you sad will bring you to pound town if they don't get their cut.
Please
I'm no floppy taco expert but I'd guess that cardboard will be treated as taxable income while all the other products will be taxed at long term capital gains. Thus total fees for cardboard will be 40-50% when state/federal taxes are added to paypal/Ebay fees. Comparably class C (take it the bum) shares will be 20% + 15% long term capital gains.
Taxes definitely needs to be considerd for any investment. Cardboard, equities, real estate, bitcoin whatever investment is selected needs to consider the end tax ramifications
From what I've heard, it'd be treated the same as comic books or bullion/coins. Have a friend who is just getting into this, so take it with a grain of salt.
You sell cash secured puts, use contract cash to buy mtg. Stocks you are put are your holds. Sell calls. Use losers to reduce tax liability.
If you want the compound interest and rate of return of the formula from this video
for the RTF, this works out.
M = Money
F = Fee
R = Rate
T = Time
Rate of return = M((1+R)(1-F))^T
If you want to know the fee paid
M(1+R)^T - Rate of return.
You work out plan B is the best because of the laxed number he presented, if it 1.5 it would be much worse.
This is the most valuable thing I have ever gotten for free.
Rudy: If you like short videos, have a short attention span, this isn't the video for you
Me: Grabs a bottle of bourbon and a couple ice cubes
Finally another talk. All ears Rude
So what Rudy is saying is that no matter which class of investment you choose, the broker always gets their cut of the pie. If you pay more fees upfront, then you pay less later, but if you decide not not to pay the initial fee, you will get hit with a higher yearly fee and end up losing more money overall. No matter which one you choose or how your investment performs, the firm always gets their cut, and they are not required to show the % they automatically take directly on your yearly statement. That is why wall street always wins, they have these accounts set up in such a way that they always get paid, no matter how the investment performs for the client. Very great video, learned a lot from it. Thanks for sharing.
Hello Rudy.
Very interesting video, but I'm confused over some values. I'm wondering if we're not missing two elements here : comparing entry and ongoing fees with outgoing ones, and the ten-year evolution of an A/B/C investment vs an MTG item. I'm not in the finance world, not knowledgeable about any of this, just feeling confused after watching your explanations and doing some simple math.
First, you say that when selling the box, the seller will lose roughly 12% of its value (8:11). But that is the value of the item at the moment it's sold, which looks at its final price, not the original one, right ? Therefore, it is likely to be above 12% of $10k, more like 12% of $20k, supposing that the box has doubled in value in 10 years (roughly 7% yearly increase). Correct ?
Which brings me to the second point.
Suppose I buy today a box for $10k. Let's assume it grows 7-8% a year, which doubles its original price once the ten years are over. The final fee cost is going to be $2 400 (12% from the $20k price tag for ebay and paypal fees).
Now let's take that same sum for investment A. I'll keep it for 10 years. Entry fee shaves off 5%, so I'm down $500. Then year after year, I pay a 1% fee. Is that fee based on the original $10K ? Does it add up over the years based on the growing value of my investment ? So if five years after my original $10k are worth $15k, does the interest account for $150 ?
Let's assume my investment grows by 8% a year (I took the 7-8% growth estimate you mention at the end of the video as a basis for this).
Year 0 : $9 500 (10k minus the 500$ entry fee)
After a year : $10 260 - 103 interest
After 2 years : $11 081 - 111
After 3 years : $11 967 - 120
After 4 years : $12 925 - 129
After 5 years : $13 959 - 140
After 6 years : $15 075 - 151
After 7 years : $16 281 - 163
After 8 years : $17 584 - 176
After 9 years : $18 991 - 190
After 10 years : $20 510 - 205
Supposing yearly interest of 1% is based on the value of the share the same year, the fees add up to $1 486 + the original 500 (5% entry fee), which makes it $1 986, less than the $2400 fee paid for the MTG item. Now if there is no outgoing fee, the MTG item will beat this easily.
If I do the math for the B type at 1.5%, I get to a total of $2 218, which is a bit more but still less than 12% of the final price of the MTG item.
For type C, it starts to hurt. After 10 years, interests add up to almost $3k. But I assume that the Timmy getting into type C will likely not wait that long to cash in or move to another investment.
This is quite simplistic, as it assumes a steady and equal growth for all the products. But still, the numbers don't add up with your conclusion. Am I missing something ?
Now boxes from 10 years ago (2010) are :
Worldwake : 650€
Rise of the Eldrazi : 595€
Magic 2011 : 232€
Scars of Mirrodin : 366€
Which, supposing you have the means to flip them at those prices, still seem an excellent investment, way above the 7-8% yearly increase mentioned by Rudy.
Sorry for the long post and the number salad, have a potato everyone :)
You also have things like closed-end funds and others where the cost structure can get pretty complicated.
lol that pink visor actually does help me comprehend what you are say.
Did anyone else get an advert for Slap Chop before this video? What the hell was that, some crazy throwback to the 90s??
One caveat is that small buyers (ie. consumers) will likely not be able to avoid sales tax the way a distributor or larger buyer can. So that can take between 4% to 8% as a cost of entry.
If you dollar cost average into an ETF, you should be able to negate the peaks and valleys of the market. I also think a discussion around liquidity is valuable when comparing magic to a standard investment.
I never would've gotten this info had it not been presented in such an entertaining and relatable way. Thank you :)
Thanks for putting this stuff out. People like you are what make the world a better place.
Thanks for being a good person Rudy. More chats and more bathrooms!
this is the reason I'm subscribed. Thanks for the vid rudy
Hey Rudy, have you thought about doing more content like this? Not necessarily just about stocks, but general economics in general. This stuff is gold man and I was glued the whole time. Entertaining and informative, thanks!
As a person from the financial industry along with the collectibles industry, I truly enjoy these videos
12:09 _"These are not the share you're looking for."_
Rudy: "Active Measures" have been taken...
ty rudy; ty for finally wearing the pink visor so i can actually hear you!
I remember starting this video when it was released. Glad I came back for the whole thing. The end is borderline spooky.
Super cool you did this. So many people are blinded and can learn from this. Great content!!!
Sincerely, THANK YOU!
I don't usually comment to videos and have been a long time lurker on this channel. Not a huge MTG fan but like the box openings, kind of scratches the itch of going and buying them myself. I just wanted to comment to say that these kind of videos are the pieces of content I most look forward to seeing on the channel. Keep going and long live the timmy's taco stand.
Rudy, I actually think the whiteboard videos are my fave, I'm fresh off a principles of finance course and this stuff is great! Maybe your twilight years will be spent teaching meat finance at Taco University lol!
Love the long finance videos Rudy, keep it up! Also a monthky sealed product update of which you personally think will perform good would be appreciated!
7:05 I didn't believe anything before the visor came out.
No Rudy. If PayPal takes 5% means the seller would've sold you direct with 5% discount. I always get 5-15% discounts off platform buying
Thanks Rudy these are my favorite type of videos you make... bring on the finance!
we need more videos like this
Thanks for the video Rudy! Your finance videos are always a treat. Your unique blend of cynicism/practicality, experience, and charisma weaves together to always deliver actionable knowledge in such a compelling manner
I love your taco tutorial videos theyre very good and fun to watch and learn.
Wow the "ghost shares" part is amazing. I know these videos are entertainment because you spend all your money on cardboard and tacos but still very nice. thank you.
1:06 I'm gonna quote this in a Finance course presentation at The University of Miami.
2022 Rudy sent me here ! I never knew about how the annual fees worked on my american fund mutual funds , and ive had class C shares for YEARS, thank you so much for putting out this video!
This video is so insightful.. On MANY LEVELS
I hear what between the words
This showed up today when I opened TH-cam.
This aged remarkably well, except for the box prices which have all doubled
I just love watching financial Rudy. Thank you for education, sir!
Rudy, should I invest my grandma's life savings into Showcase Foil Grim Tutors?
😂😂
Lmao I think so
No, you should by Tutors in their Demonic form
Invest her life into the demonic contracts. Get inside knowledge of future sets, profit, buy out nana's contract?
yes
Instructions unclear: Sold my IRA, Roth, 403b, investment fund, and bought fallen empires.
Rudy's at 4 on those, others are selling at 2-2.5
Well done sir! A bit past a humble brag but I don't mind the flex. Haters be jealous.
Wouldn’t sales tax become the introductory fee for any MTG type product? (For a majority of states)
Idk how he overlooked this
Yeah, was just making the same comment.
You don't pay sales tax if you buy out of State.
Some states dont have sales tax. Thats something on the individual purchasing it. I buy my things in oregon. Zero sales tax. 😉👌
dont you get them back in the end?
23:51 Philosophical Taco!
!
If you want another version of what Rudy is talking about and what he did on a daily basis, watch Wolf of Wallstreet. Hilarious amazing movie. Remember with active management, if the firm makes you money then great, but the goal of any firm is to make the firm money, not make you money. Also, don’t think MTG doesn’t have an “entrance cost” because you can look at that in terms of the taxes paid on your 10k investment.
Thank you for taking the time, people really do need to learn about investing and how it works and is structured. I truly appreciate the educational videos. And yes, I would buy the RTF fund everyday, twice on Tuesday and 8 times every other Saturday!
I absolutely love these finance videos
Whether fees get listed depends on the advisor group. Some list and break up their fees annually/quarterly/monthly/etc. You have to go in and look at the activity for the account the fund is in, but it gets listed.
You can start getting really angry as an investor when doing TVM calculations with and without fees. It's partly why I couldn't do investing fulltime as a career, I couldn't separate out the emotions enough to flesh out a diversified portfolio.
For those of you watching in the future:
Core Set M11 (10 years ago) is currently selling in Nov 2020 for $300. Assuming an $80 buy-in, that's a profit of $220 or 275%. Minus a worst-case 20% sell-out fee, that's still 250% profit in 10 years, meaning a yearly profit of 25%.
And that's just for a run-of-the-mill Core Set. I'm not even gonna mention Worldwake or Scars of Mirrodin.
Come for the fun, stay for the lessons learned.
I didn’t know they took beard hair at Jimmy Wang’s Discount Hair Emporium, but since Jimmy knows where the magic is, he’ll take anything!
hmm whats the biggest risk for holding MTG... it should be the storage/insurance no?
Lol I think my comment on one of your videos sparked this! Like I said last time, I hope people learn, rather than criticize.
This is one of the best videos I have ever watched. Thank you.
This was great, thanks Rudy! Dropping some fantastic knowledge here.
Rudy my favorite finance teacher
Here for Rudy; no matter what the content is!
*quickly sits down late in the back of the class*
35:32 "It's _amateurized_ "
sounds like some videos I watch ( o.o)
Thank you for the lecture, and huh. I did not realize, before this that is, what investing in mutual funds means. That 2008 analogy really helped, where they basically "pay themselves." This content is really helpful, for those "not trying to be the hero."
I find out people like mutual funds and I almost vomit every single time.
These are my favorite. Thanks Rudy!
Earliest taco fiesta for me
This video is so current its amazing alot of respect for you rudy god bless
The one place I disagree with this video on is that with magic, in order to sell at the best or even a reasonable price it can take months or longer... but if you have more readily traded asset classes and need cash today because lets say there is a pandemic and your business is going under... you can liquidate in a matter of 3-15 days in most case
MTG does have a fee on the way in, sales tax. And the cap gains tax on cashing out collectibles is as high as 28%.
Finally! It is time to learn more today! AMAZING! Also shaved Rudy is the most round Rudy!
Thank you Rudy you're a legend
You could argue with sales tax as an entry fee for MTG investing.
If you buy out of State there is no sales tax. Companies like Amazon charge sales tax because they have a warehouse in each State. About 10 years ago, most States had no sales tax when you bought from Amazon. Only the half dozen States that Amazon had warehouses in would you be charged sales tax. Also a couple States have no sales tax like Washington and Florida.
If you commit fraud you don't pay sales tax. Cool and good advice for investing.
@@michaelhuebner6843 I live in Oklahoma, and when I buy from Card Kingdom (Seattle) or ebay they still charge tax, whether you're out of state or not.
Rudy.. Just thank you
Two years ago, I bought like 10 pounds of revised commons. Then I also got myself a couple of Sliver queens (after the INFAMOUS video). Guess which of the two has has grown the most!? Yea the proven single cards... you were right... But hey! It's better to make a $100 Timmy mistake early on, than to place your life savings in space godzillas, lol.
That is the real problem, that they don't even show the fees. Because maybe the fees are reasonable for what you are looking at, but how can you determine it and compare to your other choices if they are hidden?
Thanks for sharing Rudy. Very informative.
Rudy has been really my greatest source of knowledge for investments and money management. Thanks Ruby!!
I was actually looking into investing in some stocks and I had no idea how they worked. After watching this video, I have a better understanding on how things work and now i know all about those hidden fees. Thanks Rudy, great video. Super informative.
The greatest thing about these videos is the information available to be interpreted from Lord Timmy Not a Financial Advisor, is that you could use any collectable or TCG.
It’s definitely timing, but all I know is, I need a pink visor
Thanks Rudy, good idea for people who wanted to know the importance of about investing and about pleasure. Great concept
I realy love your off MTG topics... Bonds a.s.o. you haveing a nice way to "teach"
Realy love your content ... i somehow got here from pokemon and have 0 idea about MTG but still watching your vids
I don't think you can put 0% maintenance on magic boxes. They're bricks that take up space that would be used by other things and you have to transport them when moving.
Also there are key taxes missing here. A lot of states/countries have sales/vat tax when buying. Then as far as income taxes, not sure about ebay but the mutual funds/etfs are taxed as long-term gains at 15% with the side benefit of not increasing your income tax rate. Also you don't have to deal with refunds when selling.