BEING SHADY WITH COMMISSIONS AND FEES
ฝัง
- เผยแพร่เมื่อ 10 ก.ย. 2024
- This is the Largest UNAPPROVED / UNSPONSORED / UNCONTROLLED Magic The Gathering Channel in the world filled with Greed Monsters, Evil Investors, and ....3.696969% Women
Selling a Collection? AlphainvestmentsLLC@gmail.com
PATREON : / alphainvestments
Twitter @MTG_AlphaInvest
SHIRTS: www.ebay.com/s...
~FAN MAIL~
Rudy's Magic Store
10950-60 San Jose Blvd.
139
Jacksonville, FL 32223
As a seller I always eat the costs so that I get good feedback and my cards sell faster. I also pay for shipping. Fees are a part of life, when selling always compute the fees into your expected profits. If the card does not offer enough profit, it is saved for a later date or traded.
Good for you. When I sell I demand that the buyer cover all fees, shipping, anything imaginable. If he even considers the possibility of letting out a peep about it, I Initiate a stare-down protocol so uncomfortable as to be able to make a rock statue sweat bullets-so this buyers knows who is going to get out on top in this struggle. I just wish my LGS had more traffic.
@@fsmoura chads be chads lol
I got into investing and stocks because of mtg and even a little bit because of Rudy being a positive role model in my life. It started in selling polluted deltas years ago now. Thanks for the tacos Mr Wolverine sir.
I think this analysis misses the point that market volume for the vast majority of collectibles is too low to ever liquidate a collection of any reasonable size in a reasonable time for a reasonable cost.
For instance if I had 100k in some random older set, how long would it take to liquidate? How much slide would have to occur?
Interested in people’s thoughts on this.
You are 100 Percent on target. The liquidity on older cards is VERY poor unless you offer to sell well under published TCG "market price" rates and even then ONE card can sit another 1-3 months in your collection. Can you imagine people like Rudy unloading 100 cards of same name. The only way he could do this is create a short term market by pumping or showing his recent collection buys and hope enough idiots buy into his nonsense to create demand.
During the 2008 I & a couple of friends tried selling our, ( sport's card's, old toy's, & vinyl) Not only couldn't get anyone to make a decent offer, no one was even interested in looking @ our cool thing's. So now I know it is only worth $$$ is when interest rates are low & rich people what childhood memories. Put it in the attic & wait for the run!
New rumor: Rudy bought PCG so he can write it off as a tax loss😂
idk rudy says its booming! lmfao
PCG slabs are super nice, but it's a very hard market to penetrate
Even in Poker house usually collects Rake from the pot.
Dang, he found me out. I do build alien spaceships for the government.
You do make a great point that people tend to approach things with limited perspectives. The truth of it is that we simply do have limited perspectives. I think we would all do better to acknowledge that in our conversations, especially online. None of us know a damn thing.
the problem is eBay charges 13% to the seller + shipping + tax on items that you already paid for + tax + shipping. They take the 13% from the total price of the object which ends up with you actually losing money. Now government is stepping in forcing small people to either pay an exorbitant price for a tax advisor or keep extensive records just to show they are selling things at a loss.
Shhhhhhh the salesman who pays a 3% fee says 14.5% is no big deal. Lol
agree... 13 percent is just too much just for eyeballs ( comparing to fb community or social networking platform which are free)
I don't agree. If you sell a house with 200k profit fees is not a big deal. Selling 100k cards for 40-60k and pay 13% (18-20) FOR Non us spellers is. A Payment in Europe cost 0/0.14 or 0.35 private/ business / online. Yes Cents! You understand understand PayPal asked 4-8% for any euro or non euro Payment? 2,5% creditcard that is a lot of money and they rip you off 5-10% on exchange rates too!
That is fine and dandy. I started on ebay in 1998 and their fees were 5.75% for the first $25 , 2.75% for the balance over $25. Now they want power of attorney, to be the beneficiary of your life insurance policy and if you want people to actually see your listing pay an additional percentage to "Promote your listing."
I like these episodes, glad they are back
If you use european sites you pay 5% and eur / eur payments are free. A transaction is just a few db queeries. I make payment processing websites for almost 30 years it does not justify any % of amount of payment
Most payment processors only charge fees to cover the cost of business and to cover credit card fees. PayPal for example only charges 2.9% last I checked which is reasonable.
Ebay charges 13% in addition to payment processing, but that's worth it due to the market exposure they provide.
@@ThomasJames69420 Read the small print they have 101 exceptions to add additional costs
I enjoy watching your videos alot, the way you talk shows your experience
This is probably the most wisdom have ever taken in via a YT video 🧠 🤯
_Florida Man Nickels and Dimes Followers With Shady Fees and Cardboard Vigorish; Questions Their Intelligence When They Protest the Fleecing-"That's Why You're All Poor!"_
Real estate fees are obfuscated in loans (which themselves have obfuscated fees) whereas direct fees are direct. You notice what you see and you feel. And it's extremely significant that appreciation on homes and held equities doesn't come down as normal income.
It's simple: people who have no life experience and try to be an eNtREprEneUr with collectibles are never _taught_ the right mindset. They don't educate themselves and get butthurt when fees, which have been part of business since long before they were born, inevitably come along.
There's no one to answer to except themselves and whichever aloof platform they're selling on, so they either teach themselves and get over it, or they stay a timmy and eventually fail.
8:32 Talking about Wizards: 💥💥💥💥💥💥
It is probably because most people are selling $5-$500 worth of cards/sealed product at a time, so the fees (shipping, platform, payment, etc.) are a larger % of those sales. Real estate is a pretty terrible comparison, as they are different types of investments. Shelter is needed, you can rent it out, you can improve it, repairs, insurance, other liabilities, etc. All those things are much harder to do with MTG cards and sealed product. Stocks are a better comparison, but like Rudy says... there is $0 in fees until you hit your ST/LT capital gains that are only on your profit. So with stocks, your fees usually don't hit until you have already made money, but with MTG cards - those fees are baked in even when you need to sell at a loss. So really, MTG cards are like other hobbies and not like real estate or stock... so why compare the fees of very different assets/liabilities?
Because the purpose of this video was to assure people that it’s fine to take 60% of eBay sold on RL cards. Not compare it to real estate. It’s about convincing people to sell to him and not worry about the fees. FWIW he’s not “wrong”, even if people don’t like it.
LMFAO Rudy talking about taxes. Just so you know timmys, you only pay tax on profits so nothing to worry about since everything Rudy loaded you up with is down 20-90%.
Also don’t forget to factor in your monthly Timmy fee. Remember, stay the course! Lol
lol 😂 so sad. Put this energy into something good.
@@charlesweythman240 lmfao coming from the guy that worships another man lol
@@charlesweythman240he's not wrong
@@Justnothankyou132if you’re new I guess you’re right. You could say a lot of products go down in the last 3 years but not 20-90% and not if you’re into magic. If you bought metazoo because you like it I feel for you. You don’t lose money if you don’t sell. That being said if you’ve seen a trend of products going down after release you should pause and then buy it’s pretty simple. Magic has always went up in time and most likely it will continue that trend. My point is whining and complaining about Rudy screwing you is a you thing. Rudy sells a product if you buy it, it’s on you, take responsibility for it.
@@charlesweythman240
*"You don't lose money if you don't sell."*
*You bought metazoo didn't you?*
But they nail us in Florida with property taxes…
The guy who pays 50 cents on the dollar for your illiquid “investments” says liquidity is fine “just wait longer” lmfao
Evil Rudy dropping facts
22:57 So you admit it! 👿
This doesn't apply to this hole conversation but I'm sure you can get more out of this than I do. I saw somewhere humans only see one node ahead of them and one node before them in a chain of events. A simple example would be electricity. I need electricity to power my ev so I plug it into the magic power box in the wall then after a while the car goes vroom. People don't look past the outlet to see how their electricity is produced, is it coal, natural gas, nuclear? We just know evs are not dirty like gas cars. If you want to go the other way in a chain of events, a few people are waking up to recycling. Most people understand getting a bottle then recycling it but as soon as the recycling truck takes it we don't care we are happy we did our part.. We are not concerned about the cost of recycling and we certainly are not concerned about how recycling used to get shipped to third world countries then basically dumped in their landfills. We just see the node before us and the node after us.
@ArenaRat Magic Mushroom Taco
whoooa deep man *_*hits bong*_*
20:31 Here I am, going to Walmart. 🏢😃💨
I bought a loaf of bread! 🍞👈😃
To quote every old guy I've ever known, "If you're breathing, you're paying".
Rudy I love your honesty.
Fees on my fidelity index funds are quite low. Returns are sky high. Tax free. Rotting cardboard will never compete
@ArenaRatsame reason I watch crypto channels, I’m early for the train crash!
@@barelylegalbriefsindex funds? 😂😂 Just one avenue of many a person should have. You’ve been living high on the hog for the past 6 years. Everything will be crashing soon anyways, including housing. We’re financially rotting from within.
In Australia we are lucky that if we buy a collectible for under $500 we pay 0 tax on it no matter what price we sell for.
This is one of the reasons I’ve started putting more money into pokemon rather than other investments
Swim over here making receipts for product to show they paid more than It sold it for. No taxes on a loss
This is my favorite background
5:48 there's a huge difference... The people involved in those markets, for starters.
Not to Rudy since he’s doing both
I own three collectible/pop culture/card stores.
If you are too lazy to do the work yourself
selling on ebay or other sites,
and want the easy way out.
You will get 20-40% of value at my stores.
Only the hottest and fastest selling items
will get you 60-70% of value.
Keep this in mind when you invest.
Realize you are investing IN A JOB
to sell it all and get 80% of value,
otherwise expect to net much less.
why did you write this like a haiku?
@@StellaEFZ lol, wasn't my intention,
but thanks for noticing that.
Are you on a 1969 dum terminal, hard breaking your lines at 60 chars??
I can see a 13% fee however, Ebay gets a percentage of the shipping fees which is wrong. The seller handles the packaging and he or the buyer are the ones who pay for the shipping. Ebay should not get any percentage from the shipping fees. Thank you for the video.
I just got a wave of nostalgia from that fifth dawn fat pack. I used to buy those just for the books as a kid. Brother's would take the packs since "I wasn't going to use them"
ok ban brothers
Its videos like these that will always shit on the rudy haters 👌 Great work man keep it up we certainly need it
EBay takes 20% from the few sales i had.. so never again when i can sell fee free elsewhere
I view the TCG Player/Ebay commissions as an advertising cost. I'm not sure 10% of my take would get me enough traffic if I did it myself, plus then... gotta do it myself.
Great motivation! Thanks Rudy!
Hard spike on the learning curve,thanks Rudy🎉
RUDY!!!! Some discussion should be had on the differences between selling as part of a "hobby" vs. selling as part of a "business".
Rudy, your thoughts and comments around the 21 minute mark are so spot on. It is going to be a scary sad thing
These fears about fees or shipping costs or whatever, they really come down to insecurity. The people who fear paying 12% in fees, or who are afraid of the hundreds of scammers they are going to send cards to and get chargebacks put on them, they are insecure. They don't believe in themselves enough to think they can have enough success to get past those costs, and they don't believe in other people enough to not be trying to scam them constantly. Whenever I see people being super triggered or upset about fees or other standard business costs, I feel a strong sense of empathy for them, because I feel like they must be in a rougher place than they are letting on.
*"The fees from selling an item can be equally compared to the Tax on profit you have to pay for selling a house."*
*Built in fees regardless of profit = Tax on profit.*
*Nice.*
I don't know what's so hard to understand, I just want someone else to do all the work and take all the risk while I get all the money.
EDIT: "Three risk and no money? Why can't I have no risk and three money?"
Rudy i understand now you never left your farm! Outside the usa most 1st world countries charge 1 dollar or less or free for amounts under 1 million. Only peopl3 in the usa think a payment cost 2% or more
... the American TH-camr with an audience made up of primarily Americans is addressing primarily American issues? /surprised pikachu
@@epochsgaming Just saying you are an idiot because you think a payment cost a % thats why you Americans get ripped off all the time.
Can you ijto more depth about why you want to buy into dividend stocks? Also what do you think of REITS for someone who is still learning real estate
It's not hard to understand... With the TCG market there's a lot of focus on the big swings of cards. Because it's less predictable than most other normal investments, there's a hype around how something doubled in price over a month.
The reason fees with cards are so relevant/make it significantly less worth it is because the window of making a worth while profit is so narrow and nebulous that a 20 ish general net additional fees just to try and make money (fees plus the sales tax when you buy it initially plus shipping) eat into the legitimacy of the pursuit. But all that is highlighted are the large swings both up and down. So the only real "investment" worth it in the TCG world is buying what you want because you enjoy it and hoping that over a long enough time horizon you get a return as a reward.
Also houses and stocks don't get reprints.
Do you inventory each of your locations? How many net people hours is this? Per month?
an aeging ammount
I think it mostly comes down to transaction value and profit margins. If both are high then fees aren't really an issue, but if profit margins on an item are tight or it's just low value in general like a card $5 or less fees can be a huge problem. It's not so bad dealing in sealed product but when considering whether to crack something open for singles fees are often the difference between a profit and a loss.
I don't know that I would agree that those 'feels bad' moments don't happen when making larger purchases, Rudy. I think it is the 'cry once' effect you're seeing - most people buy a new home once, maybe twice in their lifetimes; a new car once every... what, 5-10 years? Those fees are a sticking point to a lot of us--I personally will specifically refuse to pay 'lot fees' and other bull car dealerships like to tack on--and they DO cause us to gripe, but we don't really run into it as often. But no one likes 'additional fees'; the cost of a thing should be up front and transparent. I am NEVER happy to see a percentage stapled onto a purchase, even the 7% sales tax pisses me off because it's double dipping. I was taxed when I made my money, now I have to be taxed again to spend it? Fuck that.
youtube is not promoting this video --
wonder why...
Suction cup investments are booming right now into 2024 FOMO is good for silicon
my name is timmy and your watching rudy
Because lots of people don't make much off of collectables, stocks, real estate....etc after you account for those fees?
So if feels bad.
People don't know to build portfolios on target returns, risk, taxes ...
What about the highly lucrative Japanese market for used bath water?
I never understood how house get more expensive? Just general inflation? Sounds like the USA isn't doing a very good job managing their fiat currency.
Supply vs demand. Sounds like the US is a pretty popular place to be.
@hf32jkm5-No, it really isn't.
@@christianmathew398It really is. USA has the most incoming immigrants per year of any country, and it’s not even close.
@@TheBeholder1805 source: my ass
Rudy getting scam threads in his comments. Im thinking we are beginning the mania of the bull.
Those scam threads have been going for years.
Just like Rudy's green screen
Wait! Those threads are scams!?? ( oДo)
Shady Rudy
26:59 *•Rudy would like to know your location.*
Percentage-based fees are garbage, no matter what you're selling.
10:00 rubber ducky
Wow... Good ear!
21:28 Rudy's heavy bags: 🥜👀
Rudy, most people never ran a business, if they knew how much it costs to have infrastructure they would be happy to be paying 13% instead of 25% of a cards value on a sale.
Bro he pays 3% lol another braindead Timmy
BEING SHADY WITH TACO'S AND FILLINGS
Nooooo don't flick the ponder 😭😭
Real estate sales of market rate card sell at 50% of market right there not a good investment
well, I don't think it's being disingenuous, there's a big difference between taxes and fees when it comes to selling things like this. The taxes are only calculated against your profits. The fees are calculated usually against the entire sale. so the percentage numbers can be very different. if I sell a million home but only make $100,000 profit, even a 30% tax is $30,000. a 3% fee is $30,000.
22:50 _"Hasbro, Wizards, I've ne-never- _*_*stutters*_*_ _*_*hard swallow*_*_ worked with them."_
( o.o) ( •.•) ( -.-)
Rudy are you gonna comment on Wizard's act of stopping print of portuguese and simplified chinese cards?
Here qt Guadalajara Jalisco Mexico, the only 3 remaining mtg LGS's aftercovid (BTW pre covid it was easier to find a only mtg store than a yugioh Pokémon store. Like 1 per 20 tcg's stores rate ) now they made 40 % profit from each sealed products (in comparison with Amazon prices) .I already commented that is a 5.25 million people city an taxes are around 16 % of taxes over the rent and services (I. S. R. In Spanish) for the owner of this kindof stores and the workers paycheck is reduced by 16 % that is part of the owners tax duty (plus buyer's 16% tax as added value taxesIVA im Spanish) per product that's charged in the price before the 40 % of profit
Whomever messaged Rudy about liquidity and fees owes me $27.22 in time charge fees
Rudy can you talk about dividend Investment VS growth stocks. I also miss the white board vids
How does Florida make Money without Taxes ? O_o
For some reason eBay took 13,2% fee + 1,6% international fee + 24% VAT of fee part. I don't understand where this VAT comes from? Is because of internal money transactions between EU and USA and eBay wants to take that cost from seller? Those fees are unbeatable especially when buyer can do basically what they want.
They always charge the buyer VAT when I sell international, you sure you looking at it correctly?
I wonder why is there VAT for seller.@@kb6530
Read line 13
The only fee issue I've had was when I first started selling I dipped my toes in by selling bulk. The flat $0.30 payment processing fee (combined with increased stamp prices) made it impossible to sell anything under about $0.20 for a profit if I remember my math correctly. Thankfully I made some adjustments to my model to figure out how to at least scratch out a bit with those bulk cards and focused more on the overall profit vs per card earnings.
We need a pink visor video someday.
It can not be easy for Lg:s to have all these small Ebay and Backpack Sellers on Events, whatever they are called. If you run any kind of business you pay taxes or someone will knock on your door in the future with a big suprise. Lg:s should be much more supported by the TCG companies. It is one thing to trade cards but a secondary market like this just promote fake cards etc. 😮💨
Is Roodie trying to tell us that he doesn't have a bank account on the Bahamas?
People are dumb. If they won 20k in cash they'd cry that they need to pay short term gains on it. We dont want the 20k because we need to pay like 6k in extra taxes... but you know you're still up 14k you didn't have before....
The tapn team loves your insite 🎉
youtube shorts go hard tho
Rudy, I am a somewhat longtime Patreon...Please sell me one of those Lorwyn boxes, please & thank you.
Good luck driving as much traffic to your site as eBay and TCG Player! The fees are annoying, but the amount of sales traffic they draw every day is beyond comprehension🤯
So you dont want to pay the fees? Everything should go right into your pocket and does not sound good to me then talking about sales traffic.
You have me ending the subscription for that.
“I don’t pay city or state taxes”
“I don’t understand why people complain about high fees on top of the higher taxes they pay that I don’t”
You can live in Florida too…. If you want.
But it’s STILL not worth it 😂
Collectible investors are very probably amateur investors, and as such, aren't a wizened as old Rudy here.
No rudy if they keep going harder then everyone will be in the good ole boy network/ economy
Mtglion getting under Rudy's skin
Has to be the hobby sellers who are worried about fees, particularly with the likes of ebay.
Those fees are a cost of doing business and are typically deductible, but you have to be operating as a business and not Joe Blow with a fistful of bulk rares.
Joe Blow is NOT reporting the sale on his taxes, nor are they keeping track of what they paid (at least for tax purposes). So let’s say that saves them 20% on the “profit” they make.
It’s easy to overcome the volume offset if you aren’t paying taxes. I’ve never met ANYONE selling as a hobby that does.
Except me of course. I definitely do. But I follow the law Mr. IRS. Definitely.
@@therealtimmy13
I think you missed the point, Timmy.
washington doesnt pay income tax :D!!!
Wait until they tax your unrealized gains!
Buy what Rudy tells you!! Why wont you!?!?!
How the fk would anything be missing?
Who has access to your basement but you? LOL yyou count each box monthly?!
Ah yes. The good ol’ 28% collectibles tax.
Completely disingenuous video. A $100 “investment” box Rudy sells needs to gain 25% just to get your $100 back. Lol the only problem is all his boxes collapse 20-90% with months lmfao. Remember timmys, stay the course!
More money more problems 😊
Started selling magic cards and stock investing this year...when I got my first sale and saw the fees at first I was like damn that sucks...then remembered that's a part of doing business
It helps to start your own store and do some SEO to drive people to your store. Only 3% fees or so that way.
@@henrygomez7142 Still have to pay rent and utilities on that store.
It still sucks, though :) Honestly, this is the reason why I mentally book every dime I spend on MTG as an instant write-toff. Unless you are serious about it, selling magic cards just isnt' worth the effort. The day I decide to cash out, I will take whatever my LGS offers me and be happy about it.
Find a bunch of Timmies and convince them to sell their vintage cardboard at 50% to you. That's the path to success.
@@fsmoura who hurt you
What's your views on Altered TCG Rudy?! Curious about what the ol' Timmy's Emporium thinks about it before the KS ends
the irs is hiring more people to go after people like you not regular people lmao
Who does changing the 1099 threshold from 20,000 to $600 target? Seems like the little guy to me.
The IRS goes after the little guy because because the small just pays the penalties and interest. The little guy is too scared to challenge the IRS or can't afford to hire help.
*You're right, the IRS loves picking legal battles with those with money for lawyers and accounts who know loopholes.*
*They definitely didn't say that targeting the poor has earned them over a billion in revenue simply because poor people PANIC when they see an official letter saying you will be brought to court if you don't pay that $200 you owe.*
*They also notoriously send out marked up bills because nobody keeps their records, so if you owe $600 they will say $1,000 just to see if you pay it.*
*If paying a few hundred keeps the IRS away, per person, there's more revenue there than they've ever made as an organization while targeting the most uneducated, frightened people.*
🥃