Life is a series of calculated risks; if you're taking a risk on something you enjoy, adds value to your life, and can afford to lose, then it may be a risk worth taking (that's life!). Like you said, be thoughtful and educate yourself but also be honest with yourself and acknowledge your motives and expectations.
I learned my lesson of FOMO when it came to funko pops. While I still pick up on pops here and there, it wasn't like how I was back in 2018 where I went to the extreme just to get a pop. What snapped me out of that funk was realizing that the item will always be there. There will always be restocks. I will always find some way to get what I'm looking for in the end. So with pokemon, I took that to heart and just pick up with whatever is within my means. I learned to stop hoarding and live to realize that my collection can benefit someone so there's no loss in selling or trading away. I focused on a niche that made me enjoy collecting so much more as it poses as a long term challenge to just enjoy the process. At the end of the day, I realized that these cards or anything I collect will just end up in a binder or ETB box to collect dust so why not just take my time and just go with it. Idk how yall can manage to keep sealed product sealed tho, I just need to rip packs, lol. Otherwise, I'm all for keeping singles than product.
This was just what I needed to hear right now. I'm glad the anxiety is normal as I look at every cupboard and storage space in my house overflowing with boxes of cards. Then I realised which car I could own right now instead of driving a 20 year old Mazda :) Best Pokevideo I've watched since Rattle CSI. Engaging at this length. Appreciate your real talk mate down here in New Zealand
Your money is far better being in Pokemon cards than in monthly payments for cars/designer clothes/eating out/hangovers.. It is Cardboard Gold compared to some of the trash NFT collections who will happily sing you a song of rarity & scarcity before running off with your cash/crypto
I personally have never cared about stocks or investing. I have always wanted to have a passion for a hobby or collecting. Since I found Pokémon again, I now have a hobby , I collect , I invest and I have a lot of fun. I have been focusing on work and my newborn lately but I know Pokemon is there and very excited to collect again and don’t regret anything ! Was able to have A good “savings” when I was ready to sell parts of my collection. Pokémon has been nothing but positives for me . And thanks for all you do jake
I believe for most cards, 2020-2021 is the highest peak they'll ever achieve (unlimited wotc, commons, uncommons, modern) but this is nowhere near the end for rare, scarce, and iconic cards :)
@@wjw96 I do agree to some point. But don't forget that during the hype people said prices would never go down this is the market now qoutes. And now its lower than before the hype. The truth is we just don't know anything can happen.
highly disagree if I was a collector I would pay a lot to obtain stuff, there are some cards that are truly rare and will have to be high prices because of scarcity, look at expedition cards raw cards are insane right now, well let’s look at the print of those compared to base set🤔 big collectors want that stuff🤩
Jake, you’re the only collectible therapist we have. It’s a hobby for the majority of us. It was said to me we’re miniature art collectors. Hobby that we pass on to the next generation. This hobby is my escape. It’s adventerous. It’s fun. Learning. sharing. Connecting.
11:33 - 12:26 speaks volumes. Your perspective on how and why you collect is very relatable. Something I try to keep in mind and tell myself. We can sometimes find ourselves losing touch with that because of market trends and the hype. Collect what you personally want in your collection, what you like, and what makes you happy. In doing that, you'll not only build a collection you enjoy owning, but you will have no regrets with what and how you collected. Appreciate your advice and perspective on the hobby!
Lovely talk Jake. You never give us blanket answers to live and act like robots. Instead you offer tools and the context of the environment we in. Some people might be mimicking plans and processes from others they see and you, but what I think you do which sets you a head from the rest is you encourage us to always apply it to our own situation and think it through ourselves so that it best fits us and it goes from X plan from someone to our own plan. This way we can go from puppets to masters and have our own voice.
I completely and totally forsee a 2-3 year period this decade where pokemon is in a bear market like 2010-2014. For that reason I've been trying to be smart about holding off on higher end items, only investing in scarcity and only buying things I truly like where I'd hold it to $0 anyway. So many people went all in during the hype and now regret it. Thankfully I found this channel early on when I reentered the hobby. Its all about minimizing risk but most importantly having fun in a financially thoughtful way. This instant stonk mindset nowadays is somewhat to blame. Rome wasn't built in a day.
I had the complete, original set of all 151 cards. I had all the first editions, all the holographic, etc. Even had the shadowless ones. Gave them all away when I got “too old”. 😭
I just noticed how I have a lot more enjoyment of what I have and my place of collecting when not comparing myself to others. Not going through Instagram, people showing off their stuff, how much they bought etc. makes me connect much more with my actual goals and not what I think I should do and have.
Thanks for the thoughtful words Jake. I guess the regret will depend a lot on the reasons people are collecting. For the love of the hobby makes the regret exist less often or at least hurt a little less. Also need to look at the relationships and external benefits outside of the cards that add more to the experience. Hard to have regret when you have gratitude
In the short term all the bad investments we made will bring nothing but pain… but in the long term I believe a selective few set cards will rebound and continue to rise. There is no shame in selling at a loss or holding onto your bad investment. Live and learn
If you're collecting as a hobby and enjoy it then there's no stress. The problem is so many people flooded into the hobby to make a quick buck and are regretting overspending on cards that have fallen 30-40% since the ATH's we experienced last year.
I'm in the UK, where booster boxes aren't as low as they currently are in the US. About £99 - £120 is the current price per box here. For the past 4 weeks I've been investing in one booster box per week of sets that I genuinely think have the potential to rise in the future. Zero regrets here.
I live for these videos. I finally caught up on all the lives from 3mo ago- now. Thank you for your ever-flowing wealth of knowledge and vigilant solace for the hobby.
I don't invest at all - only collect - but I enjoy this channel more than any other poketuber. It's super nice to hear someone reflect honestly on the hobby with thoughtfulness and nuance, every time.
Been seeing a lot of content regarding collectables and regret (i.e. potential regret of not buying the big card, or hobby FOMO in general), not sure what this means, but it's absolutely an interesting topic. Thanks for sharing
Apart from the collecting and investment, the game itself is fun. When tournaments start up there may be more interest again ... maybe even new players :)
If Pokemon crashes I will buy every crystal, shining, gold star etc. possible until I'm leveraged $500k in debt. Just kidding, but I really wouldn't mind the market going down to pick up some amazing deals. As a 25 year old, I honestly do not see Pokemon going down anytime soon. If anything it will pick up as people in my generation (younger Millenials/older-gen z) gain earning potential.
I think exactly the same way you do but I don’t think it will be easy at all because there will be others like us that see the prices and buy out everything so really the market is not done it’s just on hold at that point😏
I'm almost 30 years old, Pokemon is going nowhere - I have 4 nephews aged between 7 and 13 years old who live in different parts of the country, all 4 of them collect Pokemon cards avidly and play Pokemon GO/Diamond/Pearl..
If you invest in the right product, like vintage WOTC holos, yes it's worth it. The newer stuff is more speculative. The facts are; Pokemon cards are a tangible hedge against Inflation, nobody can take it away from you with 1 click of a button
Thanks for keeping on feeding us with quality content Jake. Always enjoy hearing your thoughts. You have contributed to widen the perspective we have about this hobby, at least for me. Always a nice time when I manage to catch your livestreams. Did you give any thoughts about doing a monthly podcast with PK and Joe or even some other quality pokétuber?
I appreciate the insight of being cautious on investing in Pokemon but wished there were videos like this during the hype from all channels (including this one) which would have saved many people from having to hold the bag on the all time high prices. I myself made a few bad purchases based on the hype market during the high but have learned from those mistakes (and thankfully they weren't too expensive ones).
@@pokenomics You're right I do remember you saying not to buy in your videos but I meant the general tone of videos hyping up the market. Don't get me wrong I really enjoy your channel and have been following it for almost a year now :) I just thought a video of this tone during the mania would have been nice. Definitely difficult to do during all that hype energy though of the bull market.
I will not regret buying pokemon cards because I am in it for the fun of collecting. If I make some money that is a bonus, but if I don't that is ok. I do it mostly for the fun of completing sets and for playing the game. It is always important to never get into collecting for the sole purpose of making money. Collecting should be mostly for fun and a learning experience.
I think there's a lot of us who have these similar thoughts at one point or another but Jake's way of articulating them is what makes him such a positive force. Keep up the good work, Jake 🤠
The fact that Fiat currency is the worst thing to hold is not a difficult concept to understand. Are Pokémon cards the best thing to buy…no. A Business, Land, Stocks and Precious Metals are always better. That said, there’s nothing wrong devoting a small percentage of your funds on key collectibles that retain value. As far as thinking Pokémon won’t be as popular in 10 years I don’t believe this. It’s been going for 25 years and our generation will have more money in 10 years and more kids.
I expect the Pokemon concept to hit the metaverse and could be virtual and has the potential to be an insanely huge success. The concept of the original game boy game is still fun gameplay but putting that in a virtual world that you could feel your walking through could be insane for the franchise's success
Collect what you love, trust your instincts, do not give in to fomo and most importantly just have fun. If you want to just make money then multiple jobs are a good bet 😜
People are guided and misled by youtubers and in Facebook groups. People pre ordering singles for high prices to later regret because prices will drop overtime. Same with the eveelutions boxes People paying so much for modern product its crazy.
@@roysakic5475 Could go either way, I'd say gold and silver another good way to maintain your value but may not be something to get rich off partly due to the fact that well be producing more and more electronics in the future and if the precious metals they need for production become wildly expensive than how are we going to produce electronics otherwise electronics could become wildly expensive along with precious metals... I do see the dollar collapsing and precious metals rising but by how much will be interesting
Well Jake to be honest you inspire me to do more videos. I'm not a very positive person if it comes to "investing" would love to have a real talk with someone like you to discus risk. Talk long term real talk.
Life is a series of calculated risks; if you're taking a risk on something you enjoy, adds value to your life, and can afford to lose, then it may be a risk worth taking (that's life!). Like you said, be thoughtful and educate yourself but also be honest with yourself and acknowledge your motives and expectations.
A saying of mine for a while was “ life is all about risks “ .. I like calculated risks better haha
And while you enjoy hobbies, know you limitations and priorities...finances, time, school, work, etc.
I regret nothing, bury me in Pokémon and cannabis concentrates.
Lol. Your cannabis must put the vivid in voltage.. enjoy
I learned my lesson of FOMO when it came to funko pops. While I still pick up on pops here and there, it wasn't like how I was back in 2018 where I went to the extreme just to get a pop. What snapped me out of that funk was realizing that the item will always be there. There will always be restocks. I will always find some way to get what I'm looking for in the end. So with pokemon, I took that to heart and just pick up with whatever is within my means. I learned to stop hoarding and live to realize that my collection can benefit someone so there's no loss in selling or trading away. I focused on a niche that made me enjoy collecting so much more as it poses as a long term challenge to just enjoy the process. At the end of the day, I realized that these cards or anything I collect will just end up in a binder or ETB box to collect dust so why not just take my time and just go with it.
Idk how yall can manage to keep sealed product sealed tho, I just need to rip packs, lol. Otherwise, I'm all for keeping singles than product.
Lots of content lately, keep it up. We appreciate the effort 👌
This was just what I needed to hear right now. I'm glad the anxiety is normal as I look at every cupboard and storage space in my house overflowing with boxes of cards. Then I realised which car I could own right now instead of driving a 20 year old Mazda :) Best Pokevideo I've watched since Rattle CSI. Engaging at this length. Appreciate your real talk mate down here in New Zealand
So much for the pink lambo ^.-
I love my 20+ year old mazdas :D
Your money is far better being in Pokemon cards than in monthly payments for cars/designer clothes/eating out/hangovers.. It is Cardboard Gold compared to some of the trash NFT collections who will happily sing you a song of rarity & scarcity before running off with your cash/crypto
I personally have never cared about stocks or investing. I have always wanted to have a passion for a hobby or collecting. Since I found Pokémon again, I now have a hobby , I collect , I invest and I have a lot of fun. I have been focusing on work and my newborn lately but I know Pokemon is there and very excited to collect again and don’t regret anything ! Was able to have A good “savings” when I was ready to sell parts of my collection. Pokémon has been nothing but positives for me . And thanks for all you do jake
“If everyone lost interest in Pokémon, I would simply own every card” - Jake 2022
There’s so many people waiting for it to happen that it probably can’t even happen hahaha.
Not if I have anything to do with it haha
I believe for most cards, 2020-2021 is the highest peak they'll ever achieve (unlimited wotc, commons, uncommons, modern) but this is nowhere near the end for rare, scarce, and iconic cards :)
i agree! most unlimited cards and modern will never reach "logan paul" hype levels ever again, but the others will continue to rise!
@@wjw96 I do agree to some point. But don't forget that during the hype people said prices would never go down this is the market now qoutes. And now its lower than before the hype. The truth is we just don't know anything can happen.
highly disagree if I was a collector I would pay a lot to obtain stuff, there are some cards that are truly rare and will have to be high prices because of scarcity, look at expedition cards raw cards are insane right now, well let’s look at the print of those compared to base set🤔 big collectors want that stuff🤩
Jake, you’re the only collectible therapist we have. It’s a hobby for the majority of us. It was said to me we’re miniature art collectors. Hobby that we pass on to the next generation. This hobby is my escape. It’s adventerous. It’s fun. Learning. sharing. Connecting.
11:33 - 12:26 speaks volumes. Your perspective on how and why you collect is very relatable. Something I try to keep in mind and tell myself. We can sometimes find ourselves losing touch with that because of market trends and the hype. Collect what you personally want in your collection, what you like, and what makes you happy. In doing that, you'll not only build a collection you enjoy owning, but you will have no regrets with what and how you collected. Appreciate your advice and perspective on the hobby!
Lovely talk Jake. You never give us blanket answers to live and act like robots. Instead you offer tools and the context of the environment we in. Some people might be mimicking plans and processes from others they see and you, but what I think you do which sets you a head from the rest is you encourage us to always apply it to our own situation and think it through ourselves so that it best fits us and it goes from X plan from someone to our own plan. This way we can go from puppets to masters and have our own voice.
I completely and totally forsee a 2-3 year period this decade where pokemon is in a bear market like 2010-2014. For that reason I've been trying to be smart about holding off on higher end items, only investing in scarcity and only buying things I truly like where I'd hold it to $0 anyway. So many people went all in during the hype and now regret it. Thankfully I found this channel early on when I reentered the hobby. Its all about minimizing risk but most importantly having fun in a financially thoughtful way. This instant stonk mindset nowadays is somewhat to blame. Rome wasn't built in a day.
I had the complete, original set of all 151 cards. I had all the first editions, all the holographic, etc. Even had the shadowless ones. Gave them all away when I got “too old”. 😭
I just noticed how I have a lot more enjoyment of what I have and my place of collecting when not comparing myself to others. Not going through Instagram, people showing off their stuff, how much they bought etc. makes me connect much more with my actual goals and not what I think I should do and have.
Thanks for the thoughtful words Jake. I guess the regret will depend a lot on the reasons people are collecting. For the love of the hobby makes the regret exist less often or at least hurt a little less. Also need to look at the relationships and external benefits outside of the cards that add more to the experience. Hard to have regret when you have gratitude
Absolutely!
In the short term all the bad investments we made will bring nothing but pain… but in the long term I believe a selective few set cards will rebound and continue to rise. There is no shame in selling at a loss or holding onto your bad investment. Live and learn
If you're collecting as a hobby and enjoy it then there's no stress. The problem is so many people flooded into the hobby to make a quick buck and are regretting overspending on cards that have fallen 30-40% since the ATH's we experienced last year.
Yes as a collectable its great. But look at the alt art jolteon,vaporeon and flareon boxes People overpay just to have them.
for me it started as fun but I see potential in it financially, I have made mistakes but I guess anybody learning something new makes mistakes
Love me some Pokénomics real talk. Thanks for this one!
I'm in the UK, where booster boxes aren't as low as they currently are in the US. About £99 - £120 is the current price per box here. For the past 4 weeks I've been investing in one booster box per week of sets that I genuinely think have the potential to rise in the future. Zero regrets here.
I live for these videos. I finally caught up on all the lives from 3mo ago- now. Thank you for your ever-flowing wealth of knowledge and vigilant solace for the hobby.
I don't invest at all - only collect - but I enjoy this channel more than any other poketuber. It's super nice to hear someone reflect honestly on the hobby with thoughtfulness and nuance, every time.
Been seeing a lot of content regarding collectables and regret (i.e. potential regret of not buying the big card, or hobby FOMO in general), not sure what this means, but it's absolutely an interesting topic. Thanks for sharing
Apart from the collecting and investment, the game itself is fun. When tournaments start up there may be more interest again ... maybe even new players :)
If Pokemon crashes I will buy every crystal, shining, gold star etc. possible until I'm leveraged $500k in debt. Just kidding, but I really wouldn't mind the market going down to pick up some amazing deals. As a 25 year old, I honestly do not see Pokemon going down anytime soon. If anything it will pick up as people in my generation (younger Millenials/older-gen z) gain earning potential.
I think exactly the same way you do but I don’t think it will be easy at all because there will be others like us that see the prices and buy out everything so really the market is not done it’s just on hold at that point😏
I'm almost 30 years old, Pokemon is going nowhere - I have 4 nephews aged between 7 and 13 years old who live in different parts of the country, all 4 of them collect Pokemon cards avidly and play Pokemon GO/Diamond/Pearl..
Just wait until a virtual Pokemon game enters the virtual metaverse people will be addicted like a supercharged Pokemon go
Jake is the Goat! 🐐
If you invest in the right product, like vintage WOTC holos, yes it's worth it. The newer stuff is more speculative. The facts are; Pokemon cards are a tangible hedge against Inflation, nobody can take it away from you with 1 click of a button
Thanks for keeping on feeding us with quality content Jake. Always enjoy hearing your thoughts. You have contributed to widen the perspective we have about this hobby, at least for me. Always a nice time when I manage to catch your livestreams. Did you give any thoughts about doing a monthly podcast with PK and Joe or even some other quality pokétuber?
I appreciate the insight of being cautious on investing in Pokemon but wished there were videos like this during the hype from all channels (including this one) which would have saved many people from having to hold the bag on the all time high prices. I myself made a few bad purchases based on the hype market during the high but have learned from those mistakes (and thankfully they weren't too expensive ones).
Pretty much every video I made for 6-8 months told people not to be buying anything right now and that I was explicitly not buying anything.
@@pokenomics You're right I do remember you saying not to buy in your videos but I meant the general tone of videos hyping up the market.
Don't get me wrong I really enjoy your channel and have been following it for almost a year now :) I just thought a video of this tone during the mania would have been nice. Definitely difficult to do during all that hype energy though of the bull market.
I will not regret buying pokemon cards because I am in it for the fun of collecting. If I make some money that is a bonus, but if I don't that is ok. I do it mostly for the fun of completing sets and for playing the game. It is always important to never get into collecting for the sole purpose of making money. Collecting should be mostly for fun and a learning experience.
I think there's a lot of us who have these similar thoughts at one point or another but Jake's way of articulating them is what makes him such a positive force. Keep up the good work, Jake 🤠
The fact that Fiat currency is the worst thing to hold is not a difficult concept to understand. Are Pokémon cards the best thing to buy…no. A Business, Land, Stocks and Precious Metals are always better. That said, there’s nothing wrong devoting a small percentage of your funds on key collectibles that retain value. As far as thinking Pokémon won’t be as popular in 10 years I don’t believe this. It’s been going for 25 years and our generation will have more money in 10 years and more kids.
I expect the Pokemon concept to hit the metaverse and could be virtual and has the potential to be an insanely huge success. The concept of the original game boy game is still fun gameplay but putting that in a virtual world that you could feel your walking through could be insane for the franchise's success
Nice video. Healthy topic. 👍
Thanks for this session. I needed it. 😅😅😅
A solid PSA to the community.
Collect what you love, trust your instincts, do not give in to fomo and most importantly just have fun. If you want to just make money then multiple jobs are a good bet 😜
at 0.00 a legend was born
Thanks for helping me in this Hobby
People are guided and misled by youtubers and in Facebook groups. People pre ordering singles for high prices to later regret because prices will drop overtime. Same with the eveelutions boxes People paying so much for modern product its crazy.
No regret however it plays out
If I keep my money in the bank it’s gonna fall to inflation anyways. I’m quite positive that in the long run investing in Pokémon will beat inflation.
Invest in gold and silver instead.
Exactly! I have the same thoughts Kevin!
@@roysakic5475 Could go either way, I'd say gold and silver another good way to maintain your value but may not be something to get rich off partly due to the fact that well be producing more and more electronics in the future and if the precious metals they need for production become wildly expensive than how are we going to produce electronics otherwise electronics could become wildly expensive along with precious metals... I do see the dollar collapsing and precious metals rising but by how much will be interesting
Well Jake to be honest you inspire me to do more videos. I'm not a very positive person if it comes to "investing" would love to have a real talk with someone like you to discus risk. Talk long term real talk.
Great video !
Great info 🔥🔥
Hands feeling a little papery bros...
Death, Taxes and Baby Shiny STONKS
If your overleveraged and don’t love the hobby then yes you probably will regret it
I’m investing for the next 5 years.
No Ragrets
I feel same
Love you Jake
I watched this video