Why Most People FAIL Investing in Magic: the Gathering
ฝัง
- เผยแพร่เมื่อ 22 มิ.ย. 2024
- Many people make this HUGE mistake when investing - don’t be one of them!
I love Magic: the Gathering! I love playing the game, collecting cards, enjoying the art, and buying sealed boxes. Thanks for tuning in to learn about magic and personal finance!
Contact: MagicMetalMoney@gmail.com
Welcome to my channel! I’m making personal finance and investing relatable, easy to understand, and-dare I say-fun!
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This serious and professional channel is actually just for entertainment, so seek real advice from fancy fiduciaries. - บันเทิง
How does your channel not have at least a few thousand subs. Great content and presentation every time. I hope you'll hit that TH-cam algorithm soon because these videos deserve at least a few thousand views each.
Wow, that means a lot! Appreciate it! Comments like this help that enigmatic algorithm. But also feel free to share it with others! 😉🤘
Because he didn't use the words Timmy and taco in the video
boring backgrounds, and display. It's informative but it's not fun. Successful youtubers are both IMO
I love how you present your video! Very smooth talk speed and nice little cut change to keep the audiences engaged
Thanks, Yoshi! I’m new to cuts and B roll, but I’m learning a lot as I go!
Also taxes on the gains. Even if a low tax bracket. Still additionally erosion of net gain.
Great point! That 4% return is closer to 2-4%
Great content. Not too dramatic like Rudy.
Lol glad you like it!
Good stuff, my son has been investing since High School, which was easy for him when all other expenses covered. Sharing this with him as he gets out on his own so he remembers to take into account having regular funds prepared for life.
That’s quite a responsible high schooler! Hope this gives him something to think about!
Selling early is a hard punch to the mishras baubles. Lesson #1 children's...
Lol truth! 😣
I just found your channel, so before I start trolling you and others in the comment section. I just wanted to say that this is an excellent channel, and you do a great job.
Hey thanks!! Hope you enjoy the other vids as well! 🙌
Solid financial advice even without the breakdown at the end. Good stuff!
Glad you liked it!! 🙌
Just found this channel. Subbed. Great content!
Alright!! Welcome aboard! 🤘🐺
Your videos have improved dramatically! Keep up the good work man 😁. Liked!
Thank you!! Definitely more work but it’s a lot more fun too!
Love the new video, Magic Metal! Although I gotta say from experience it's one thing to know some of these tips; it's another thing to consistently follow them, especially with all the amazing products coming out lately. Keep up this content, man. It's great!
Appreciate the support!! That reminds me of the adage “finance isn’t complicated, but it is hard” lol
The algorithm has blessed me with a video worth watching.
🙌🙌 too kind!
Wow...
Just wow.
You earned my sub. Great video. Thank you.
That means a lot! Appreciate the kind words!
Great video! Thank you fro the great content.
That you!! 🐺
That was cool! Can't wait to see what's down the pipeline.
Appreciate it! Should be some fun videos 😎
I totally agree with the Hazem comment. Your channel is worth it and should be moving up the ranks. All the best of luck on here.
Appreciate it, John! That really means a lot!
Excellent video. Subscribed.
Thank you! Welcome aboard! 🤘
A friend of mine recently opened an lgs and asked me if I could sell him some cards to help get his basic magic stock going. I sold him about 12000 carss in bulk commons/uncommons and about another 3000 cards in rares and mythics. After he went through the list I gave him of what was there, he complained that there were a bunch of repeat rarea in large quantities and that many cards were only a couple bucks each, bemoaning how he wouldn't make any money that way. When I tried to tell him that people like having cheap cards in binders to flip through and he would make his money back that way, he complained even more saying that he didn't want to sell cards that way and didn't want people standing around flipping through binders all day.
He also tried to tell me that there was no money in standard magic and that old cards were the only way to make serious money (Ironic considering he tried talking me down to 7k for my 30k collection, which he did not get. I've held on to my Alurens since Tempest when they came in The Swarm precon decks, so they're not going for anything short of full price.)
I say this because people who don't know the nuances of mtg investment, especially how to identify stable future investments, end up on a cycle of churn and burn sales; chasing whatever is new and most expensive and dumping it just as quickly as it was picked up before the price drops.You can make quick gains in mrg finance, but they won't last long and a seller needs to be on the curve of the sale trend.
This is fascinating. Not wanting people flipping through binders? Why open an LGS? Lol
Kickass dude thanks for the easy breakdown
Thanks dude!!
This is a good video. Life advice for youngins: I've found that pragmatically, saving money did not get me out of the cycle of "build a small cushion/experience an emergency and go broke." What worked for me was generating new revenue streams that allowed me to earn more than I had the time to spend. Then I was able to invest effectively because the money necessary to deal with emergencies was part of my income and suddenly an emergency didn't mean wiping out my nest egg. It meant sometimes not being able to invest for a month or two.
Glad you liked it!
That’s an awesome example of achieving financial independence and freedom. It’s true freedom when something breaks and goes wrong and you have no stress. You just pay to fix the issue and move on.
Great content! 👍🏼👍🏼
Thank you!! Appreciate it!
Here’s my ancient Asian savings technique. Try to save at least 10% of your income. Spend less then you make. That’s it.
Ha so simple yet so effective!
Using the nut draws as an example of what doesn’t happen in real life was inspired sir! Nailed it again 👍 I had an idea from it, a way for larger MTG investors to help the newer investors. I’ll phrase it into a question: would you let another investor hold a box (properly stored and notated as ‘your’ box) in exchange for a short term cash loan?
Thanks, glad you liked it!
So your idea is basically using magic boxes as collateral for a loan? Interesting! Is the loan for random life events we talked about in the video? If so, personally I think it’s better to have cash yourself.
@@MagicMetalMoney Thanks for your feedback. Basically it’s a pawnshop model that only deals with sealed boxes due to the specialized equipment that would be required to ensure 100% confidence the box you collateralized is the box that is returned to you upon repayment. I’m not sure if it’s a good idea, but it just surfaced when I was watching the video and thinking about all the times I failed to have adequate cushion and had to exit an investment prior to maturity 👍
@@Ketoinvestor oh gotcha. Yeah, pawnshop models make the shop rich, not the people needing cash.
Now I understand it better. Very informative!
Glad you enjoyed it! 🤘
Great video
Very good video. Learned this the hard way
Thank you! Learning the hard way is better than not learning at all!
Didn't have to leave the ride completely but sure wish I had kept an arm and possibly a leg inside 😅
@@naturalstatenversion3484 haha what a perfect analogy
Great content.
Appreciate it! 🤘
Very cool video. The emergency fund is the step 0 before starting to invest. One thing I don't really understand is the hit you take for shipping: I always pay for the shipping and that's on top of the box / singles price so the seller can even make some money through that.
Glad you liked it! Yeah, gotta have a good cash position for emergencies!
Maybe someone sells a box for $120 and include shipping. Or they may pay sell for $110 plus $10 shipping. Either way, they’re going to sell it for the market price and have to pay for shipping. Hope that makes sense!
Jo I got the point of your video but I don’t understand your numbers! I don’t know how it is in the US but in Europe on cardmarket or eBay you don’t pay 15%. Even the delivery costs….the buyer pays for it, not the seller…
Really? Interesting. I’m the US, everyone just looks at the total price. So seller A might sell a box for $120 + free shipping and seller B might sell it for $110 + $10 shipping. So it makes no difference how you label it, either way the seller takes in $120 and the. Pays to ship the product (and also pays any platform selling fees).
So you have to budget investment alongside having a cushion. Cool. Thanks.
900 rent? 400 food? Gideon is single dude with no girlfriend or kid's and is a bad driver and works too far away from his home.
Lmao he’s a total chad!
What's a "Selling cost" though? :)
Lol Gideon the investor
The Gatewatch retirement plan is terrible. He’s gotta think about his future!
So you say if i have 1200 grams of physical gold, some in fine gold bars some in 1922/1924 USA double eagle coins, i can invest in MTG with confidence because the gold is very liquid, and can easily be sold for cash at decent prices?
I know nothing about gold lol 🤷♂️
@@MagicMetalMoney Here in Germany, Gold is quite popular and tax free. No taxes on buying or selling gold if you stay below 2000 Euros per day. It is easy to verify for the professional dealers, condition generally does not matter. So profit margins are small. You can get immediate cash for 85%-90% of the current stock exchange gold retail price. Almost as liquid as cash, but arguably hedged against inflation.
@@kurtilein3 interesting! No taxes on selling gold in Germany, eh? That’s huge!
@@MagicMetalMoney Limit used to be 5000 Euros per day, now its 2000 Euros per day. Also below this amount, no ID, no record, can be done anonymously. Gold is being sold at current market price, the price per ounce or per gram you see online. If you have cash and want gold, in my city i can easily come up with 4 places that sell at market price without additional fees, so you can anonymously buy gold tax free for up to 8000 Euros per day. Same story if you sell gold and want cash, except now you are on the side where they need to make a small profit margin. Here larger deals can be made tax free.
It is an intentional tax loophole, left by the government after WW2 figuring that maybe its not bad for people to have some gold, could be helpful in times of severe crisis as a replacement bartering currency. Popular are also these thin 50 gram gold bars with 5x10 imprinted square 1 gram gold plates and the gold between those is really thin, so you can break it up. No tools needed, and if you break it properly row by row, weight of the 1 gram pieces will be precise, and they are individually imprinted with weight, purity and manufacturer name.
Having some of those just feels good. If the world is ending and the price of a big loaf of bread goes to the equivalent of 3 grams of gold but people distrust the paper currency, ok, so you break off two bars of 5, break one of them into a 3 and a 2, throw it in your wallet, ready for some serious grocery shopping. Magic Metal Money could also mean your channel is about precious metal investing lol :)
@@kurtilein3 lol I really should learn some sleight of hand with coins. That’s Magic Metal Money! Lol
That’s fascinating about the gold market in Germany. 8K a day is a LOT through those 4 stores. Pretty cool stuff
Who are these seller covering shipping coasts? I've lost money on some shipping in canada, but mostly I break even or make a buck or two ontop which you should be. S&H is a service, you should be charging as such. Want your NM card to get to you in NM you should probably pay that extra shipping cost.
Exactly my point. It's the sellers fault if he/she loses money on shipping.
What do you think about commander legends: battle for baldurs gate?
Too early to tell, but idea seems solid to me. Can’t wait to see what the cards in the set are!
@@MagicMetalMoney about 60 cards were leaked already (in case you havent noticed*)
They look solid but nothing top special yet imo
@@gruulrules1426 I didn’t hear about the leak! I’ll have to check it out
Nice shirt bruh
One of the best albums of all time! 🤘🔥🤘
What's a "selling cost" though?
Good question. The cost it takes to actually complete a transaction (shipping, selling platform fees, payment method fees, etc.)
actually magic pretty liquid, the actual value of ur products. whether they be sealed or raw cards is the buylist price
But finding the buyer at your price is not easy. If it was that easy more people would be buying and flipping......
Pretty jealous of Gideon paying only $900 in rent
Lol he lives in the SLUMS
Doesn't the buyer normally pay for shipping though?
In the magic world, whether or not the buyer "pays" for shipping, it affects the total sales price. For example, you either sell something for $165 + "free" shipping or for $150 + $15 shipping. Hope that helps!
Still a big difference who pays for it eventually, this isn't exclusive to the magic world...
The "free" shipping from your comment example still makes the buyer pay and the seller's profit stays the same on paper (ignoring potential taxes and stuff on final sales).
you know you are being scammed when the grifter tells you it's a great return investment, but you have to work for it.
Rent for $900? Lol.
He shares a room with Garruk lol
Is this like the magic historians son
Or like old videos from the 80s.
Whats going on
yo remember that time the singer from As I Lay Dying tried to have his wife murdered?
Pretty wild!
Invest only what you afford to lose -
Wise words
Lmao, yeah this has kind of been the biggest mistake my whole life, I just need more money. Simple!
Lol bam! Problem solved!
So investing is only for people that can afford it....
$900 a month on rent? Gideon needs to let me know where he's living because I spend $1500/month on a 700sqft apartment.
Lol he shares a room with Garruk
This video was useless!
Common sense and I thought you was gonna actually say the true problem which is MY problem.
The issue is like most addicting stuff it becomes addictive and with addiction you begin to start allowing yourself too much time and have tons of cards all over the place and you possessions actually become worthless
Lol, this entire video can be summed up with “have money first.” ‘Investor’ = Speculator = Scalper. Get a real job!
At least this guy is being honest with it. So many people tell you to invest as an ace in the hole, like anyone with two pennies to rub together can become a millionaire.
Or making smart trading decisions. Experience and understanding the game is important in mtg finance to identify valuable cards.
For example: Pre-Gatecrasj, Exquisite Blood was considered a useless bulk rare that people were trading for a dollar. Sanguine Bond was already out at this point and in standard, bit the combo was considered 'too slow' to be made viable. Then Gatecrash drops and we get Vizkopa Guildmage, which spikes the price ten-fold on Exquisite Blood as people then notice the kill combo interaction between the two, which gets pulled off at the same speed as the Bond combo which was already in standard and in mono colour instead of dual colour. The same people that were trading away the Exquisite Blood as junk a week prior were now wanting their own cards back at a huge markup. All because the shortsighted players couldn't see past the current meta when making their decision.
Now that 12 dollar investment on junk rares is one the most valuable pieces of my collection at a 25-30× return on investment.
Knowing how the game works is often overlooked as an kmportant part of working the market.
@@raiserofchickens Of course, knowing how the game works and speculating on staples can backfire. Gaddock plummeted. Oko was banned right after people were dropping $80 a pop on a playset of them. They keep reprinting Duress and Inquisition which tanked their value as alternatives to Thoughtseize. Mindsculptor will never again be a several hundred dollar card in non-foil. Etc. If anything, investing in Commander staples is the place to be right now as it's the largest player base.
papercards are not a good investment regardless of how fun it is
Great video
Appreciate it!! 🔥