This is the best advice I've seen for anyone trying to make money and not just collect for other reasons. I try to tell people the same thing because you can always find more deals so don't worry if you don't make max profit so long as you keep flipping.
You probably covered the meaning of time value and opportunity cost, but it's worth reminding people. I know because I have a degree in Finance but most people don't. Over the long term, the impact is huge.
Emotional attachment to your collections can be a block to making money. Its fine to enjoy whatever area of antiques / collectibles you choose, but try not to be so attached that you cant sell them as needed in a bull market. Just my humble opinion of course... Fantastic presentation as always Shawn.
As someone who invested in video games over 30 years this advice about flipping is 100% correct. However the secret is to keep a cash flow, flip to the flippers and don't hold on waiting for the right buyer. The key is to move it as fast as possible to get your capital back. When investing in VGs only buy when they are as low as you feel they can get. Then buy in volume....but you have to be prepared to sit on them for 10+ years. Of course you can add value through grading.
Is the holiday season a good time to flip games? People tend to have bonuses and such then? By flip I mean "sell stuff that's been on my shelves for decades".
Great content as always. But I was thinking what about people paying a premium for first print video games? They may not be available later when they go on sale.
Disappointed... no stale donut with this video. Great video as always. Please do more on LEGo. Think you hint at previously there were fewer "expensive" sets, where as now they are a dime a dozen. Seems harder to pick "winners" as money can always go to the latest shiny new expensive lego set as there are many of them.
Great discussion. I like longer term holding. My problem w flipping short term is you often pay sales tax 5-7% and buyers premium 3-15% Could often pay 20% in fees on sales Then you pay 15-20% in fees and shipping on the sellers side Then collectibles tax is about 28%. You really need to have 100% or higher profit to cover all those fees taxes etc and have enough margin for a sizable profit. Note it is nice that stocks and bitcoin have minimal transactional fees like fractions of a % then long term cap gains taxes are just 0-20% depending on your bracket.
It'll be interesting to see how eBay ditching selling fees will affect the market. Not sure how many countries it's in yet but it's been rolled out here in the UK.
Ask your opinion? How do you think the closure of Toysrus will have in the future of toy collecting. I have amazing memories, that definitely created nostalgia. I think the lack of this amazing toy wonder world, will affect future generations. Thoughts?
I basically agree with you but the one thing that should never have been flipped quickly is the Mile high comic book collection. It was purchased for $2,200 in 1977 and is surely worth more than $100 million today if it could be reassembled
Hi Shawn, I wonder if you could point me in the direction of a video you made or the information contained in it. You referenced a previous era where collectibles were sold at art auction houses as art and pitched as investments. Wall street got involved vaulted items for buyers. Then they went bankrupt or something and the buyers lost everything. I think it was called something like The Angel Project. Please direct me in the right direction. And thank you for your channel which acts as a great resource.
Shawn what do you think about ohtani and wemby expensive box cost 10k dollars. Timmy and kimmy investing buying 10k dollars sports cards. They hope strike became rich by hitting 1/1 autographs of ohtani or wemby cards. You should cover it in your next video.
@@ReservedInvestments Good advice....that shit is only going to go DOWN. In this case, it will be, instead of Timmy & Kimmy..it will BE Dumb....and Dumber.
I've often wondered if Berkshire stock will plummet when Buffet dies. His death probably won't change much financially because of how big they are but it could scare people into selling. Shame about Munger, so close to 100. RIP.
This is why I sold all my Lorcana 1st Chapter boxes for £250 each. Before finding this channel I'd definitely have held them. Take the easy wins, don't look a gift horse in the mouth. I'm very aware that I got lucky with that one though. Going after a new TCG like that was pure gambling and I could've been hit in the face with a stale doughnut! Thankfully I didn't buy the subsequent sets! 😬😅 Edit: Should add I've also bought things that did eff all. Don't want to be that guy that only talks about his wins. 😂🙈
Congratulations, but not every product will be a short term winner unfortunately, and those first chapter boxes are already back in the 250 range. Who’s to say they won’t be 500 in 2 years. Edit This practice reminds me of a quote about the stock market on how one of peoples biggest mistakes when investing into individual stocks is adding to losing and not adding to winners. Way I see it is don’t sell something too soon that has been performing well unless you need the money. A lot of people did this with team up, evolving skies, and the likes and are kicking themselves. Easier said than done though I guess.
@@zachexum4203 See that's the thing with Pokemon I do hold on a bit longer because I know a lot more about it and I'd say it's slightly more predictable due to it being around longer. I still like to set a limit nowadays. I'm ok holding for 5,6,7 years but I don't want to be holding for 20 years. Too hard to predict that far into the future. If I think it's a really good set I might take most of my profit and keep a small position. With Lorcana I just don't know enough about it and it's so new and insanely speculative. I actually didn't get in initially. I bought it when the reprint sent it down to about £100 a box and then recently sold when it hit £250. That money is now in a building society with an 8% interest rate. I think that's an acceptable result even if it does go up more.
@@zachexum4203 See that's the thing with Pokemon I do hold on a bit longer because I know a lot more about it and I'd say it's slightly more predictable due to it being around longer. I still like to set a limit nowadays. I'm ok holding for 5,6,7 years but I don't want to be holding for 20 years. Too hard to predict that far into the future. If I think it's a really good set I might take most of my profit and keep a small position. With Lorcana I just don't know enough about it and it's so new and insanely speculative. I actually didn't get in initially. I bought it when the reprint sent it down to about £100 a box and then recently sold when it hit £250. That money is now in a building society with an 8% interest rate. I think that's an acceptable result even if it does go up more.
If a company changes something with the packaging soon after release, a sealed example from the first batch is prime candidate for appreciation in value. Investing 101
Interesting take, I don’t disagree with flipping as an optimal strategy. Having said that there is still a limit to how much capital you need for shorter term flips, so I’d rather tie up my surplus “collectible” money in long term investments like sealed Pokémon, while I flip the less desirable items and try to speculate on the mid-high tier graded that I hold long term. I graded and flipped a ton of 151 psa 10’s and those “just” spiked like crazy (still held onto a large amount fortunately) So there is always a combination of having an eye for value long term and opportunity cost which does cut both ways.
Shawn you heard about GameStop now accepting psa grading submissions today? What do you think about it. You should make a video about it? Will GameStop do next by sending your single cards to psa vault next? Will GameStop doing funko pop , dvd, vhs and video grading next? I just let you know GameStop increase it 1500 dollars. I want to hear you opinion about it. Did GameStop survive company today since they added psa grading submission today.
There's definitely an ideal time to buy the modern stuff. What amazes me is the amount of people who miss the boat but buy in anyway. There's people speculating on Pokemon Sword and Shield boxes at today's prices even though they were half the price earlier this year. It seems buying into the hype is very popular.
MTG will go through a massive devaluation when Timmy's Realize wizards has printed so much garbage that they have to dump product at the local landfill.
This seems rather self evident to me considering investing is passive while flipping is active. You should reap a higher reward for putting in hours of work sourcing products to flip as opposed to buying something and simply allowing it to age before selling.
Going to try to reply to you here as YT keeps deleting my response under my comment: See that's the thing with Pokemon I do hold on a bit longer because I know a lot more about it and I'd say it's slightly more predictable due to it being around longer. I still like to set a limit nowadays. I'm ok holding for 5,6,7 years but I don't want to be holding for 20 years. Too hard to predict that far into the future. If I think it's a really good set I might take most of my profit and keep a small position. With Lorcana I just don't know enough about it and it's so new and insanely speculative. I actually didn't get in initially. I bought it when the reprint sent it down to about £100 a box and then recently sold when it hit £250. That money is now in a building society with an 8% interest rate. I think that's an acceptable result even if it does go up more.
@@monkey39128 I understand your reasoning better now. I’ve been doing this lately by grading pokemon cards to flip and invest the profit in a more traditional asset like stock market index funds💪🏼
It still astounds me that so many people just don't consider opportunity cost or don't value their own time. Love the videos, although I suspect most of the time you're preaching to the choir. But who knows? Maybe you'll get a few converts now and then and the world will be a bit better.
That's not the way new Pokémon sets work nowadays to be honest, the cheapest moment to get in is presale now. These sets never go back to that price ever, especially not near the moment TPCI doesn't print it anymore because it's too late then. Just like Rudy says, we don't have a window anymore to wait till it gets cheaper again.
@@YouCanCallMeMich I have been able to buy them at a discount. Both Dave & Adams and Blowout Cards offer great specials and deals depending on how much you spend.
It's not really a secret anymore. Everyone's all about buying low and selling high, but that's causing a lot of products to spike in value. If you take a longer look, though, many of these items might end up being worthless as the population ages. Just think about Atari 2600 games-are people still betting on those, or are most of the original gamers fading away, shrinking the collector market? I can see gaming heading down a similar path unless games are designed to last forever and companies keep re-releasing them like they did with VHS and DVD/Blu-ray. Eventually, interest will dwindle as younger folks lean more towards digital downloads. We're on borrowed time until many of the older gamers pass on, leaving a smaller group that can actually afford those pricey titles. What do you think?
Flipping makes sense in todays climate, so many potential geopolitical and financial disasters waiting to happen and if they do then it all goes out the window, video games, pokemon cards etc. and won't come back for decades so take profit while you can.
Believe it or not society is actually more stable today than it was just 50 short years ago. Social media and the 24 hour instant news cycle may make it seem like the world is ending, but I assure you, we are really no worse now than we were over any time over the past 100 years.
@@ReservedInvestments I don't believe it, the world has never been competely insolvent before all at the same time and it's coming round to that 100 - 120 year cycle for a major global war, either of these happen and all the man child stuff simply disappears.
People...for heaven's sake .....be investing in an S&P500 fund WHILE you are "investing" in collectibles.... You can't use your collectibles to completely fund your retirement. Sure, those collectibles will probably "assist" (hopefully ...assuming you choose WISELY) in your retirement...but they won't cover it completely. And for the sake of all that is sane - DO NOT BUY ANY OF THE FUNKO GARBAGE. Sure....you like a character or two...fine go ahead. But don't be one of the insane that spends thousands on those things. Even lots of comic dealers aren't carrying them anymore....
Completely disagree. Keep in mind, you’re on a collectibles finance channel. I would actually argue that collectors are their own worse enemy. They place emotional attachment over financial prowess.
You pay $30, but also spent $20 for the day out to the flea market, including transport, gas, food, time. Then you clean it, list it, write the script, pay for internet and so on. Half a day of work, no pay. Maybe you sell for $250. $50 goes to Ebay fees, subscription, and shipping fees, and your time packing and shipping, driving to post office etc. It is a hassle. You actually made $150 profit. Welcome to the taxman. He takes half. Fazit: You hire an assistant who does the work. You pay him $75, you pay yourself $75 for doing nothing. You report to the taxman that you have no tax to pay, because you made no profits.
You’re making a lot of rash frivolous assumptions here. Read the book ‘The Picker’s Bible’ written by a now deceased former expert in the trade. It explains why flipping collectibles is better than attempting to invest in them long term. I teach hardcore collectible finance on this channel. I don’t cater to the starry-eyed collectors that fall in love with their own supply at their own financial detriment.
Opportunity cost is a big driver in my current outlook of non traditional investments/speculation like Pokémon and video games. Great video Shawn.
This is the best advice I've seen for anyone trying to make money and not just collect for other reasons. I try to tell people the same thing because you can always find more deals so don't worry if you don't make max profit so long as you keep flipping.
You probably covered the meaning of time value and opportunity cost, but it's worth reminding people. I know because I have a degree in Finance but most people don't. Over the long term, the impact is huge.
Yes. Please expand on the concepts of market timing regarding entry and exit points.
Sharing these videos to as many Timmies as I can, keep them coming!! 🚀
Sell during the hype buy during the down turn
You never know when either will end though
@@TheMysteryDriver you are absolutely right. We don't know how long they'll last either. I find the comics market has a lot in common with stocks
Incredible video, feel like a lot of these concepts get lost in most people. Definitely should do more in depth videos.
Always great advice!! Thanks
Amazing Content
From Morocco 🇲🇦
Great video thank you
Sound marketing practice ! Good job !
Emotional attachment to your collections can be a block to making money. Its fine to enjoy whatever area of antiques / collectibles you choose, but try not to be so attached that you cant sell them as needed in a bull market. Just my humble opinion of course...
Fantastic presentation as always Shawn.
Would love more videos on this and more information on what you’re investing in👍🏻🍩🤓
Yes please, more videos like this one
Excellent video .
As someone who invested in video games over 30 years this advice about flipping is 100% correct. However the secret is to keep a cash flow, flip to the flippers and don't hold on waiting for the right buyer. The key is to move it as fast as possible to get your capital back. When investing in VGs only buy when they are as low as you feel they can get. Then buy in volume....but you have to be prepared to sit on them for 10+ years. Of course you can add value through grading.
Great video.
good stuff 🤝
Is the holiday season a good time to flip games? People tend to have bonuses and such then? By flip I mean "sell stuff that's been on my shelves for decades".
Great content as always. But I was thinking what about people paying a premium for first print video games? They may not be available later when they go on sale.
great content :)
Disappointed... no stale donut with this video. Great video as always. Please do more on LEGo. Think you hint at previously there were fewer "expensive" sets, where as now they are a dime a dozen. Seems harder to pick "winners" as money can always go to the latest shiny new expensive lego set as there are many of them.
I was going to buy that Barad Dur set but I'm not sure my brain will let me spend £400 on a Lego set. 😂🙈
@monkey39128 yeah they are cool sets but so expensive. You can almost buy a playstation at that price and I know the one that would get used more.
@@mattelder Haha, so true. I remember my parents buying a used Peugeot for £400 years ago and that car lasted ages. 😂
Donut 🍩
The secrets out🍿💯
Do those flipping statistics take into account all the fees on the buy sell then tax side of flipping?
Yes, they do.
Always, always take into account the fees and tax side....
I love good short/medium term flips
Smart stuff.
Nice thumbnail 😜
more videos like that
and more mentions of the collecting goats known as, Timmy,Kimmy and Poindexter!!
Great discussion. I like longer term holding.
My problem w flipping short term is you often pay sales tax 5-7% and buyers premium 3-15%
Could often pay 20% in fees on sales
Then you pay 15-20% in fees and shipping on the sellers side
Then collectibles tax is about 28%.
You really need to have 100% or higher profit to cover all those fees taxes etc and have enough margin for a sizable profit.
Note it is nice that stocks and bitcoin have minimal transactional fees like fractions of a % then long term cap gains taxes are just 0-20% depending on your bracket.
It'll be interesting to see how eBay ditching selling fees will affect the market. Not sure how many countries it's in yet but it's been rolled out here in the UK.
Set up a sole prop and get a resale certificate
Thank you very much
Been saying that for years on this channel never be attach to your item/collectable you can always rebuy them back at a lower cost in a few months.
How'd you comment 3 hours ago when the video says uploaded 17 minutes ago? Is that a Patreon perk?
It was set as a TH-cam premier.
@@ReservedInvestments Ohh I see. Thought I was going mad for a second there...
Ask your opinion? How do you think the closure of Toysrus will have in the future of toy collecting. I have amazing memories, that definitely created nostalgia. I think the lack of this amazing toy wonder world, will affect future generations. Thoughts?
I basically agree with you but the one thing that should never have been flipped quickly is the Mile high comic book collection. It was purchased for $2,200 in 1977 and is surely worth more than $100 million today if it could be reassembled
You can always pick and choose something that is an exception to any rule. Outliers always exist even in any kind of contextual finance.
Hi Shawn, I wonder if you could point me in the direction of a video you made or the information contained in it. You referenced a previous era where collectibles were sold at art auction houses as art and pitched as investments. Wall street got involved vaulted items for buyers. Then they went bankrupt or something and the buyers lost everything. I think it was called something like The Angel Project. Please direct me in the right direction. And thank you for your channel which acts as a great resource.
I believe you’re thinking of the Athena Fund. I never did a video on what you are referring to.
@@ReservedInvestments That's it. Thank you. Sorry about that.
Shawn what do you think about ohtani and wemby expensive box cost 10k dollars. Timmy and kimmy investing buying 10k dollars sports cards. They hope strike became rich by hitting 1/1 autographs of ohtani or wemby cards. You should cover it in your next video.
I would avoid it and to anyone else, I would say use caution...OMG...
@@ReservedInvestments Good advice....that shit is only going to go DOWN. In this case, it will be, instead of Timmy & Kimmy..it will BE Dumb....and Dumber.
1st party games never seem to go on sale in Canada
I have 15 warren buffett Autos and 3 charlie mungers. Dump when he passes away ?
I've often wondered if Berkshire stock will plummet when Buffet dies. His death probably won't change much financially because of how big they are but it could scare people into selling.
Shame about Munger, so close to 100. RIP.
Hey Shawn, how much did you make in the early days of eBay before you sold your business
It was about $500-$1,000 a week, part time. Sometimes more…
@@ReservedInvestments care to venture what the lifetime earnings on that stunt was? 6 figures or 7?
perfect for my situation, bought the kickstarter sorcery for 150, could sell for 1050 but im thinking it might go up lol
This is why I sold all my Lorcana 1st Chapter boxes for £250 each. Before finding this channel I'd definitely have held them. Take the easy wins, don't look a gift horse in the mouth. I'm very aware that I got lucky with that one though. Going after a new TCG like that was pure gambling and I could've been hit in the face with a stale doughnut! Thankfully I didn't buy the subsequent sets! 😬😅
Edit: Should add I've also bought things that did eff all. Don't want to be that guy that only talks about his wins. 😂🙈
Congratulations, but not every product will be a short term winner unfortunately, and those first chapter boxes are already back in the 250 range. Who’s to say they won’t be 500 in 2 years.
Edit
This practice reminds me of a quote about the stock market on how one of peoples biggest mistakes when investing into individual stocks is adding to losing and not adding to winners. Way I see it is don’t sell something too soon that has been performing well unless you need the money. A lot of people did this with team up, evolving skies, and the likes and are kicking themselves. Easier said than done though I guess.
@@zachexum4203 See that's the thing with Pokemon I do hold on a bit longer because I know a lot more about it and I'd say it's slightly more predictable due to it being around longer. I still like to set a limit nowadays. I'm ok holding for 5,6,7 years but I don't want to be holding for 20 years. Too hard to predict that far into the future. If I think it's a really good set I might take most of my profit and keep a small position.
With Lorcana I just don't know enough about it and it's so new and insanely speculative. I actually didn't get in initially. I bought it when the reprint sent it down to about £100 a box and then recently sold when it hit £250. That money is now in a building society with an 8% interest rate. I think that's an acceptable result even if it does go up more.
@@zachexum4203 See that's the thing with Pokemon I do hold on a bit longer because I know a lot more about it and I'd say it's slightly more predictable due to it being around longer. I still like to set a limit nowadays. I'm ok holding for 5,6,7 years but I don't want to be holding for 20 years. Too hard to predict that far into the future. If I think it's a really good set I might take most of my profit and keep a small position.
With Lorcana I just don't know enough about it and it's so new and insanely speculative. I actually didn't get in initially. I bought it when the reprint sent it down to about £100 a box and then recently sold when it hit £250. That money is now in a building society with an 8% interest rate. I think that's an acceptable result even if it does go up more.
@@zachexum4203 I wrote a massive response but YT keeps deleting it.
what are your (and your viewers) thoughts on the marvel x mtg crossover? any chance marvel enthusiasts collect mtg cards because 'marvel'?
If a company changes something with the packaging soon after release, a sealed example from the first batch is prime candidate for appreciation in value. Investing 101
Interesting take, I don’t disagree with flipping as an optimal strategy. Having said that there is still a limit to how much capital you need for shorter term flips, so I’d rather tie up my surplus “collectible” money in long term investments like sealed Pokémon, while I flip the less desirable items and try to speculate on the mid-high tier graded that I hold long term. I graded and flipped a ton of 151 psa 10’s and those “just” spiked like crazy (still held onto a large amount fortunately) So there is always a combination of having an eye for value long term and opportunity cost which does cut both ways.
Shawn you heard about GameStop now accepting psa grading submissions today? What do you think about it. You should make a video about it? Will GameStop do next by sending your single cards to psa vault next? Will GameStop doing funko pop , dvd, vhs and video grading next? I just let you know GameStop increase it 1500 dollars. I want to hear you opinion about it. Did GameStop survive company today since they added psa grading submission today.
Hey Shawn are you reading comments?
Your comment yes, because you’re special. lol! 😂
I do read all of my comments though.
People watched "Blast from the Past" back in 1999 and think to themselves "How can I accomplish that?".
Lock yourself in a bunker
Wasn't most of his value in att stock? If I recall correctly.
There's definitely an ideal time to buy the modern stuff. What amazes me is the amount of people who miss the boat but buy in anyway. There's people speculating on Pokemon Sword and Shield boxes at today's prices even though they were half the price earlier this year. It seems buying into the hype is very popular.
MTG will go through a massive devaluation when Timmy's Realize wizards has printed so much garbage that they have to dump product at the local landfill.
This seems rather self evident to me considering investing is passive while flipping is active. You should reap a higher reward for putting in hours of work sourcing products to flip as opposed to buying something and simply allowing it to age before selling.
Going to try to reply to you here as YT keeps deleting my response under my comment:
See that's the thing with Pokemon I do hold on a bit longer because I know a lot more about it and I'd say it's slightly more predictable due to it being around longer. I still like to set a limit nowadays. I'm ok holding for 5,6,7 years but I don't want to be holding for 20 years. Too hard to predict that far into the future. If I think it's a really good set I might take most of my profit and keep a small position.
With Lorcana I just don't know enough about it and it's so new and insanely speculative. I actually didn't get in initially. I bought it when the reprint sent it down to about £100 a box and then recently sold when it hit £250. That money is now in a building society with an 8% interest rate. I think that's an acceptable result even if it does go up more.
@@monkey39128 I understand your reasoning better now. I’ve been doing this lately by grading pokemon cards to flip and invest the profit in a more traditional asset like stock market index funds💪🏼
It still astounds me that so many people just don't consider opportunity cost or don't value their own time.
Love the videos, although I suspect most of the time you're preaching to the choir. But who knows? Maybe you'll get a few converts now and then and the world will be a bit better.
Most people aren't doing anything with their time
That's not the way new Pokémon sets work nowadays to be honest, the cheapest moment to get in is presale now. These sets never go back to that price ever, especially not near the moment TPCI doesn't print it anymore because it's too late then. Just like Rudy says, we don't have a window anymore to wait till it gets cheaper again.
Sure it is. If you’re buying booster boxes for speculation purposes you don’t need to buy them on day one. That’s a fool’s game.
@@ReservedInvestments Since S&V era I've never been able to buy them at the price of prerelease after it has been out for a while.
@@YouCanCallMeMich I have been able to buy them at a discount. Both Dave & Adams and Blowout Cards offer great specials and deals depending on how much you spend.
Take into account that flipping is a 40 hours a week job which should be subtracted from flipping profits
It's not really a secret anymore. Everyone's all about buying low and selling high, but that's causing a lot of products to spike in value. If you take a longer look, though, many of these items might end up being worthless as the population ages. Just think about Atari 2600 games-are people still betting on those, or are most of the original gamers fading away, shrinking the collector market? I can see gaming heading down a similar path unless games are designed to last forever and companies keep re-releasing them like they did with VHS and DVD/Blu-ray. Eventually, interest will dwindle as younger folks lean more towards digital downloads. We're on borrowed time until many of the older gamers pass on, leaving a smaller group that can actually afford those pricey titles. What do you think?
I agree completely with your assessment here.
You forgot about the fourth way......"pump and dump". ;-)
The manufacturer knows that collectors are emotional and they have to get them at release of a new product-stoke the fire of FOMO
Best course is to play the games.
Flipping makes sense in todays climate, so many potential geopolitical and financial disasters waiting to happen and if they do then it all goes out the window, video games, pokemon cards etc. and won't come back for decades so take profit while you can.
Believe it or not society is actually more stable today than it was just 50 short years ago. Social media and the 24 hour instant news cycle may make it seem like the world is ending, but I assure you, we are really no worse now than we were over any time over the past 100 years.
@@ReservedInvestments I don't believe it, the world has never been competely insolvent before all at the same time and it's coming round to that 100 - 120 year cycle for a major global war, either of these happen and all the man child stuff simply disappears.
I wouldn't sell my 360 copy of Black Ops 2 for ten million dollars, so there's that
U need to be locked up in the nut house there’s no hope for ppl like you
Lmaooo the guys are piling boxes and cards without any reason
Good god, I'm a Timmy
Because pirating and replicating fakes exist..
People...for heaven's sake .....be investing in an S&P500 fund WHILE you are "investing" in collectibles.... You can't use your collectibles to completely fund your retirement. Sure, those collectibles will probably "assist" (hopefully ...assuming you choose WISELY) in your retirement...but they won't cover it completely. And for the sake of all that is sane - DO NOT BUY ANY OF THE FUNKO GARBAGE.
Sure....you like a character or two...fine go ahead. But don't be one of the insane that spends thousands on those things. Even lots of comic dealers aren't carrying them anymore....
Of course flipping is the way to make the most money in video games. That’s why flippers are a cancer to the hobby.
Completely disagree. Keep in mind, you’re on a collectibles finance channel. I would actually argue that collectors are their own worse enemy. They place emotional attachment over financial prowess.
Hey for once the overwhelming majority of people who came in during and after the boom will agree with you. They're not collectors.
The quick money theory is easily defensible in the immediate, but it's also an admission of an amateur level of knowledge.
Every book on collectible finance disagrees with you. You must be new, as we covered this all before, many, many times...
You pay $30, but also spent $20 for the day out to the flea market, including transport, gas, food, time. Then you clean it, list it, write the script, pay for internet and so on. Half a day of work, no pay. Maybe you sell for $250. $50 goes to Ebay fees, subscription, and shipping fees, and your time packing and shipping, driving to post office etc. It is a hassle. You actually made $150 profit. Welcome to the taxman. He takes half. Fazit: You hire an assistant who does the work. You pay him $75, you pay yourself $75 for doing nothing. You report to the taxman that you have no tax to pay, because you made no profits.
You’re making a lot of rash frivolous assumptions here. Read the book ‘The Picker’s Bible’ written by a now deceased former expert in the trade. It explains why flipping collectibles is better than attempting to invest in them long term. I teach hardcore collectible finance on this channel. I don’t cater to the starry-eyed collectors that fall in love with their own supply at their own financial detriment.