10/17 Investment update

Last Week Recap

Last week’s investments included 3 graded rookie basketball cards and several packs of hockey and baseball cards which I opened with some positive success.

In addition to the graded cards, I made a connection with the seller to mentor me for a few weeks. This mentorship is the big win of the week, as even if they don’t know all that much, they have taught me quite a bit about ensuring a square deal in the Wild West of online sales.

Next Week Strategy

My strategy for next week boils down to one word: research. An intelligent investor is an informed investor. Before I get too deep into buying and selling, I need to research the historical trends of the products I might buy. As I plan to expand into the world of sports cards as an investor, rather than a collector, I need to know when buyers are going to pay the most for a product, as well as when sellers will let products go for the least each year.

Due to the cyclical nature of sports seasons, I predict that there could be very clear and obvious times to make profit on productive players. However, I need to keep in mind that not all players will pan out. Most of the time, sellers are selling because they do not feel that a card will increase in value at all, or at least the product is at a local maximum and the seller predicts a decline in their ability to sell over the short run.