This has been making the rounds, and it has been quite controversial. What do you guys think?

Basically, she says that Pokémon cards are not real assets and says they’re not as good of an investment as everyone thinks.

Personally, I agree with the masses that it’s an awful take - with an asterisk - *while she’s dead wrong about rare vintage cards, she may very well be correct when it comes to modern, with how massively hoarded they are these days.

There certainly are lots of cards that can be assets and that’s why they have insurance.
HOWEVER. I agree that a lot of the modern sets won’t ever become vintage card prices due to how many have been printed.

But for the average person I do not think pokémon cards should take the place of large assets like property….because although the market also changes for that, housing and land always have been and will be in demand. it’s a need, not a hobby.

But yes, I think they def are!

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Some chick pulled this hot take right out of a freezer :roll_eyes:.

I highly doubt anything this hyped is as safe an investment as most people think.

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I’m no financial advisor, but these are the five questions that I would ask before spending stupid amounts of money on Pokemon cards or other collectibles.

  • Do you have an emergency fund?
  • Do you have a 401(k), pension, or equivalent retirement account that you’re actively contributing to?
  • Do you own property?
  • Are you in debt (including student loans)?
  • Are you taking care of your health/well-being?
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I don’t know who this lady is, or why I should care about her opinion.

With that said, you can discuss it to the ends of the earth, as Rudy and Dan already have. It’s a bit more of a busy topic deserving of a more nuanced answer.

However, ultimately, they aren’t essential goods, nor do they act like traditional investments or assets. They’re high-risk, unlike your usual bonds or S&P 500, and I’m sure there’s a whole discussion about correlation between various things also. They don’t replace traditional investments, but they can complement them.

In a world where everything is going to 0, and raw, intrinsic value is what governs price-- cards are being sold before your houses and essentials. They are decoupled from financial institutions/government regulation, which gives them an allure.

This then leads into the issue of laundering and other issues due to its unregulated existence. Again, it’s actually quite a busy topic-- one that I’m not nearly as educated on as others in the forum would be. Just considerations for you, and potentially newer hobbyists.

I think it’s fine to view them as assets, but I would caution the attitude of investment, especially with how early in the piece we are.

I’d argue that this is partly why those who abide by the old adage “collect what you enjoy” tend to do quite well.

There’s also something to be said about people knowing nothing and riding on the coattails of those more knowledgeable than them to try make a buck, of which there are more than ever now.

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Exactly this

She’s a bossbabe grifter, essentially. Most of her videos are about empowering women to become social media entrepreneurs. But her video has been getting a ton of attention from Pokémon card Instagrammers, and has even caught the attention of Ken Goldin and Logan Paul.

Just interesting how viral it’s gone on Insta, and while I don’t agree with her take, I also don’t agree with the insane bullishness of many people. I think the reality is somewhere in the middle; cards can be collectible assets, but collectibles that retain value do so because they’re extremely rare. People shouldn’t be going all-in on modern boxes that are being hoarded in the millions, or cards with tens of thousands of PSA10 examples. A non-productive asset this bullish is extremely scary.

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she’s just trying to sell you something, as all grifters are. my advice is: ignore

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Logan Paul commented on her video. My first thought when I saw it was “scammer vs grifter” :rofl: :rofl:

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if you know she’s a grifter and the people who are paying attention to it are also grifters or scammers (the degree to which those are different is unclear to me) then why’d you post it here for discussion? there are plenty of threads already about pokemon cards as investments. i’m not trying to be mean i just think giving these people any headspace at all is asking for psychic damage

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I just found the controversy around her take interesting. Should I delete this thread? I apologize if this wasn’t the right place to talk about it.

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i don’t think you need to delete the thread, sorry. i’m just saying your media consumption habits might not be treating you well in this context

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It’s just a semantical discussion on how you define what an asset is.

Some people require an assest to be able to generate cash flow while you still maintain ownership like a house that you use to generate a rental income or a car that you use to drive Uber.

Some people think of an asset is anything that holds value and can appreciate overtime.

Unless you start renting out cards or something then they really only meet the second condition which I think that’s what being said.

Another common argument that likes to be brought up is that simply being a homeowner or owning a boat that you use every weekend arent really assets. They are just things you own and its not until you leverage your ownership of the item to generate a cash flow when it becomes an asset.

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No it’s ok, and it’s also ok for people to note how this is low to no quality content. Pokemon cards are a speculative asset, it’s nothing new, well maybe for her.

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Unfortunately. I’m addicted to Instagram. It’s a serious problem that I’ve been trying to work on - social media is so addicting :pensive_face: I hate being addicted to it though because most of people who frequently post videos and comment on it are scammers and grifters.

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My advice is take it in steps (if you can’t go cold turkey). Allocate specific times of the day for it, and then, if it’s still a problem, fill those allocated timeslots with something else.

Could be listening to a podcast (not on socials), reading, going for a run, or simply watching something (I’d keep it similar every time though, to build a pattern). The point is build an alternative habit over the existing one – pick something you think is more constructive or beneficial.

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Also per this, a collectible doesn’t need to be inherently rare for it to retain value. The primary driver is demand and scarcity helps advise pricing.

I know you’ve posted about scepticism around some influencers before, but I really would recommend you watch some of Rudy’s content – especially the older stuff – if you’re genuinely interested in the topic and want to learn the most you can. He explains things in an easy and consumable way, and he’s been around longer than any other YouTuber I can think of. I think you’d find a lot of people here also agree with his perspective on many of these topics, and I find myself often reciting the same rhetoric he would use.

Outside of that, I would tune out pretty much everything else. Of course, Scott also has some very good videos discussing bits and bobs.

This might interest you

Thanks! I’ll keep that in mind. I watched a bit more Rudy yesterday and he definitely seems way more genuine than the NostalgiaNomics’s of the world who act like they’re selling magic beans. I’ll try my best tune out the grifters & scammers, but unforunately their content loop is addicting.

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Can agree that some of his content is entertaining and useful, but Imo Rudy doesn’t know anything about Pokemon and gives terrible advice. If you look back at his videos you can see how numerous investments and predictions mistakes he made (most of the time actually). The last in date is him going heavy in hoarding vintage Magic, amidst the usual shilling of dead products.