3 HUGE LIES YOU'VE BEEN TOLD About Sports Card Investing 😱

The sports card market has changed over the years. Here's 3 lies we've all been told that no longer apply. .
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[trollerskater]

Probably the biggest lie I've heard is that there are "experts" on Youtube and other platforms who can make you rich by telling you what cards to buy.

[jasonabernethy]

Additional lie: don't buy 2nd year cards. I have a 500% on Giannis and Khawi 2nd year cards over the last 8 months.

[TarheelDiggin]

Lie #5: There's no money to be made in cards from the "junk wax" era. WRONG! Been opening/grading/selling junk wax for over a decade and doing quite well. Just need to know what to buy.

[rhocke]

The retail flippers have ruined the hobby. They hunt the MJ Holdings reps from store to store and buy out every sports card release. Only thing on the shelves is Pokémon. I am not buying my son a blaster box of Chronicles for 4 x Retail.

[aceboogie]

I only buy the Jordan cards I wanted when I was younger. It's fun again. If I make a buck or two that's a bonus.

[APGibson]

I would be very careful with your statements around this is the new normal. There is no proof of that. We’re in a global pandemic where people have been quarantining on and off since March/April. This market is not normal. And just because these prices have increased so much this summer absolutely does not mean this is the new normal moving forward.

[RunGoodLife]

SCI: Don't take other people's investing advice

Also SCI: Builds entire YT channel around giving people investing advice.

[SpursCards]

Geoff, there are other aspects to those “lies” that you don’t mention and are biasing your statistics to try and prove a point.
Lie 1. The fact is you’re only considering the current upward trend of all the cards, which this year is in no way a good representation of many years prior. The thing with iconic cards is they tend to hold their value so if the market drops, those last, not the base cards. The base cards significantly drop. They respond in the opposite direction of what is currently going on.
Lie 2. Your statistics for off season doesn’t go back far enough. It should include the prices and the hype of a player, Lamar, up to the playoffs and then the subsequent drop after they got defeated. Off season for cards is when the players season finishes and not the sport. The effects of cards, in this case is hype leading to the start of the season. So even getting his card as soon as the off season started, you would be looking pretty good.

Love the channel! Your market movers tool is awesome and it’s great to see you succeed! Thanks for sharing brother! Stay safe!

[TheComebackCardInvestor]

Lie 1: It's much easier to turn $3 to $15 (5x) than $3k to $15k (5x). Plus, many people can afford a $50 card thus creating a bid war between new and emotional investors. 2. Yes, offseason is that brief period where there's some disappointment of a player's performance. 3. It's fun investing in other skill positions in the NFL. I pointed this trend out using MM in my last month's market recap video. At the end of the day, we love other positions and an amazing WR is more appealing than a mediocre QB. I'm looking forward to defensive players getting some love. Yes it's a new hobby, not all of the old adages apply in 2020. New technology, different interest, and a "cool" factor is changing the game.

[stevenreilly]

As a recent returnee to the hobby, I've come across one stark reality. Gone are the the days when you could go to the corner store and buy packs of cards. Now its a foot race to the card secton and hope there are any products to buy at all. Makes me grateful for what i was able to find, years ago.

[TheSportsCardDad]

Thanks for the data analysis. Yes, the base rookies have been on a tear, but curious to see what this data looks like in 6 months when the rest of these base rookies come back from grading and hit the market. That increased supply in the market is an interesting variable to follow. Good stuff, thanks again!

[DevilDog]

14:29

The problem with "Lie #2" is you are only looking at a short and unusual period. From March 2020 to today, ALL cards have gone up exponentially. Off season or post season, it does not matter, ALL cards have gone up.

Good premise but bad data points.

[johncorbin]

All true! I bought Trouts Topps rookie for 6 dollars in 2013!

[ryant.warren]

#1 is an easy explanation. Many more folks can afford the cheaper 'base' cards, which in turn creates more potential buyers and a bigger demand for them...

[sarahdonica]

I was told when you tell people about the top 5 cards that are hot thats the time to sell. JUST SAYING

[stickyfingers]

People have lost their damn minds paying that much for a Lamar Jackson prizm base...

[chud]

I think another reason for the rise in popularity for non quarterbacks are the sp runs. Whether it's a rpa or just an auto or patch, that added closeness to the player brings collectibility to another level.

[playmakerx]

I could swear that one of the first videos that was made early on by this channel said the words:
“In football, buy QBs bc they are involved on every offensive play...In Basketball, buy the flashy scorers that shoot 3-pointers and are always on sports center, in MLB, only buy HR now those are all good to know thanks!!

[trollerskater]

A few points:
Lie 1: Some of the draws of the high end cards are low maintenance and total return, not necessarily percentage return. If you have $5k to spend and can get a nice RPA that goes up to $10k, that's an easy $5k return with a single transaction. If you want the same player who has a base card that's $100, you have to find 50 of those, which takes quite a lot of time. If you're trying to scoop up every one, there's also a good chance you'll have to start bidding higher against other people who want that card. Also on the selling end, it's a lot more difficult to unload 50 cards, and in so doing, you'll either have to flood the market, which decreases the price, or spread out your selling, which risks missing the ideal sales window. Even if that card triples, you're unlikely to see the same return and it will definitely be a lot more work.

Lie 2: The reason buying during the offseason works is because most buyers get distracted with current sports. During the shutdown, there were no other sports to play that role, so yes this year was an exception. But look at what's already happening with NBA and NHL players that are out of the bubble. Those cards are already going down and proving the offseason principle.

[montana]

Biggest Lie "Invest in PSA 10 base rookies" ... I look at it from a collector standpoint though. I am not as interested in buying just to flip, weeks/months later.