Hi there,
I’ve just gotten my hands on a base set booster.
I’m wondering if I should invest in a second one or a 1st Ed rocket/fossil box.
Views?
For $3000 you can try to get a fossil and rocket box, not sure where prices are at.
But get whatever you would want for your personal collection for ~5 years if it’s an investment
Diversity is good when investing, but I would personally get another Base box
4 Likes
Rocket > Fossil out of those two, fossil supply seems far higher. I’m personally not a fan of unlimited base. Probably better buys out there for 3k with more long term upside.
For aesthetics and also what acebren said, diversity is good. I think you should mix it up. Fossil is ranging from $1300-$1800 in past sales and Rocket is about $2000 (1st edition boosters). Probably 1st edition over unlimited but it is really up to you.
I had around the same budget and got a 1st edition Team Rocket and a unlimited Fossil booster box. So far happy with my choices.
diversification is for idiots. -Mark Cuban
I think people just spout diversity off as a way to go because it’s recommended by investors. It’s more important to know why then to just blindly accept what they say. Basic principal is your expecting your investments will raise; however, there’s risk that your investment will go down or stay stagnant. By putting your money in multiple investments the chance that all of them go down/stay stagnant is low making your total investment into everything more likely to be a net gain. With this in mind if you’re confident an investment will raise you don’t have to worry about diversifying. Especially when were talking about diversifying withing the same market. If Team Rocket boxes don’t raise, I highly doubt Fossil boxes are going to be doing much better, they’re both depended upon the Pokemon market and typically have the same people interested in them.
IMO it’s much better to understand your selling strategy when determining what you should invest in. AKA, if after your investment pays off, hopefully you’re invested for a five year term at minimum, you now need to liquidate your investment. It’s pretty hard to sell something for it’s full value if you don’t have eBay limits to sell for the ammount you’re hoping for. If that’s the case it might be better for you to invest in a bunch of medium priced items that allow you to sell off over time. If your not patient and want to sell off all at once investing into a bunch of items is the worst thing you can do and you’d be better off buying one big ticket item to later find one seller to liquidate your asset.
4 Likes
This sounded pretty boring. I guess if I wanted to get technical and do real investments, I would say don’t do it in Pokemon then. Diversifying specifically in Pokemon could just be for aesthetic reasons instead of strictly investment. “Collecting” is a fickle market regardless. But hey… your right.
Not to be rude, but not sure how you found that boring - the founder of this community is all about the investment potential of pokemon. The reason I’m here is because I love the technical investments of pokemon… diversifying can definitely be for your collection reasons, but the question is about investment - and he got an investment answer
Its also simply shortsighted to say if you want to do " real investments, don’t do it in pokemon" … pokemon investments may quite literally be better than “real investments”.
Hobbies are powerful - extremely powerful. To the point where they have the possibility to beat out recessions, and the stock market … Pokemon has made it into the big boys stadium, and should definitely be looked upon as serious as cullers defines it as
1 Like
@teamrocketop, to each their own interests. Although, the Pokémon market does have quite a large investment potential. I didn’t see it so much when I first got back into the card scene, but it’s been quite apparent since the efour era.
1 Like
Interesting conversation.
Personally, I don’t see investing in multiple similar hobby items as diversifying.
Cuban did say diversification was stupid but so was asset management in his opinion. His strategy’s may not be good for you. I’m very much agreeable with his thoughts on cash though.
He does buy volatility like everyone does. I understand it could just be a question of semantics. He’s softened his rhetoric in recent years.
Here’s a line I came up with many years ago.
When items start to devalue they become collectibles. When their values climb, suddenly they morph into investments. Lol
3 Likes
Im not knocking it by any means and he is right to each their own. Sometimes I am partial to it, meaning part investment but also the enjoyment of having it in your collection and not purely just investment. I do go back and forth on that and don’t knock those who do or don’t. I would be lying if I said I did not do the same thing. I probably came off wrong.
1 Like
True and truthfully I have no backing in the matter so my opinion is just purely spectacle. I have gone through most of Scott’s video’s to get a better understanding and thank you for also bringing into another perspective, as I told the other E4 member, I did not mean to come off rude. I have a lot to learn more now as I came into the hobby late.
-Blake
Truth be told my portfolio is diversified into many assets. I just like injecting the cuban quote whenever I start talking about diversifying. You got my main point though, you’re not diversifying by buying different items within the same market (pokemon). I also don’t care as much for diversifying for the sake of diversifying, I’d rather buy things I know vs blindly going into something I don’t just for the sake of diversity, which goes along with Cuban’s point.
P.S. I also like taking the Cuban quote out of context whenever my liberal friends start talking about racial diversity.
6 Likes
Didn’t take any offense to it. You’re bored by the subject, why should I care what you don’t like. Like I said, to each their own interests.
Lol. I heard that;)
I always thought it was weird that Unlimited Fossil box is only a couple hundred cheaper than 1st.
1 Like
Very true.
Maybe… One liners from millionaires who made their money at the beginning of Web 2.0 isn’t sound financial advice.
1 Like
billionaires*