People are silly (and will look for any excuse to increase the value of a card)
Is this the Unholy Grail?!
I respectfully disagree. He makes 100k aged 25. That is not a ānormalā salary for anyone outside of finance or tech-bro. Thatās 4x his young age, and puts him in top 10% of earners in the UK apparently, meaning 1 in 10 employed people he walks past in the street still make more! So iām not talking about billionaires. There are just far more wealthy people than you think. We all walk past millionaires every day.
Anyway, if i was on 100k aged 25 iād have bought some crazy stuff! But i wont even retire on 100k a year.
If he stays in the same job til 60 and gets a measly 5% a year, thatās 600k a year.
Let him live a little
Iām sure itās nobodyās intention to tell him what to do with his money. I just find curious how unpopular the common sense has become in certain social circles.
While society and the world seem to have taken a shit spiral, for some reason it appears that Gen Z and millennials are seriously convinced that itās only natural for every asset, crypto, stock, income or pokemon card to go up up up.
This is maybe the result of never having witnessed a serious recession or something like a 2008 crisis with our eyes and savings, and I feel this attitude is definitely different from older generations.
This is just an observation, nothing personal really.
By the phrasing of your post, we just clearly live in parts of the world with extremely different costs of living. Thatās all Iām going to say lol.
while this thread is getting a little off topic here, I just want to point out itās hard to say heās making bad financial decisions while he has tremendous gains. If 5 years ago someone made thread on reddit saying they are 25 with X salary and just dropped 30k into Nvidia stock, itās easy to say bro thats too much of your net worth thats not financially sound
but then a year passes and his investment literally doubles and heās laughing to the bank. How can we be the ones to say thats a bad decision?
just assess your risk tolerance and be careful. And if this is more about investment and less about hobby, be prepared to sell when the time calls for it dont be left holding the bag
Ok, so literally everyone on this forum has just been continually making prudent financial decisions for years now?
It would be pretty hard to have lost money in pokemon having bought anything in the last couple years. I donāt think weāre all warren buffets
The problem is risk and opportunity cost, not outcome. Itās much easier to look back on things years later (or months later in a boom) and retroactively claim you made good decisions when in reality you may have just gotten lucky, or missed out on better opportunities because you spent too much on childrenās trading cards. If Iām honest, I have spent an inadvisable and frankly dangerous amount of money on cards over the course of my time in the hobby. Itās worked out because (a) I learned the game and developed skills during a much lower-stakes era, (b) weāve had multiple booms, and (c) Iāve been lucky. Would I advise someone today to do the hobby as I did? Absolutely not, even though Iām coming out very well ahead as a result of my involvement.
For every person buying gold stars or BW/XY in 2020-2023 (I was one of them) you can also have people buying 6k PSA 9 unlimited Base Charizards or Metazoo. You also could have thrown all your money into stocks and probably outperform everything. Because Pokemon/TCGs are such volatile and hype-driven markets, taking them as āinvestmentsā brings in a lot more questions and problems than if youāre just buying for yourself.
If you have disposable income, by all means, pay whatever price you want for cards and spend as much of that disposable income as you desire. But once you bring āinvestmentā into it, and using your expectation that cards will always go up to justify massive purchases, thatās very dangerous and the exact mentality that got a lot of people in trouble in 2020-21.
yes of course but this IS a scenario of him making out as a winner. At least according to him he has purchased these gold stars a year ago. Meaning he could be up 2x, 3x, ext.
If someone just now said they are going to dip their toes for the first time in gold star pokemon investments and were buying with too large % of their salary I would say slow down there. but this is more of a guy who has already won (unrealized gains) and people are pilling in as saying it was a bad thing to do. But it was a great thing for him in reality so how can we say it was a dumb decision
Until cards are sold, there is no winning, no realized gains. It can go to zero tomorrow
Yes i expect we do. Unless you live in Tokyo lol.
laughs in PSA 10 Platinum Arceus Gengar Non-Holo
Congrats! Youāre sitting pretty right now . I bought my raw copy in January too. $150 + $25 to grade and sold for $765 in June. I thought that was pretty nuts. This seems borderline insane to me. I have another copy Iām probably going to auction if this continues. Something about life giving lemons and making lemonade right?
literally just had this conversation with a friend
Soon the fan made copies will be worth more than some legitimate e-reader holos! Got a good laugh at āaffordable Gengarā
The funny thing is that these ācustom made fan artā Gengar are actually massively printed fakes coming from AliExpress.
They cost 0,50-1$, so people are literally purchasing them in the dumbest way possible, enriching these professional garbage flippers.