Bankers would like to know your location. Debt is essential in building wealth.
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Consumer debt in this case as it pertains to the topic of this thread. That is bad debt.
I use the 0% interest PP credit all the time, but ONLY if I know I have the funds in terms of card sales yet to be made. If I have trouble making my quota, then I lower the price of my cards for sale to make the needed funds. I buy most of my high end cards this way. I take on debt, but with the mindset that I have what I need in cardboard to make it up.
What happens if the value of your cardboard drops and you no longer have the monies for what you owe?
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Well, at that point, SELL YOUR KIDNEY for cardboard. 
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This literally can’t go tits up.
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what can a kidney buy u nowadays? a few base and jungle pikachus?
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Leveraging debt to buy assets in the middle of a volatile market, because growth will almost certainly outpace debt and interest…we did this in 2008 and everything went great!!
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I wouldn’t be too worried about “what ifs” during a stable market however since the market has drastically increased in late 2020 I’d say your point definitely stands. I don’t believe even the most invested right now can confidently say what will happen in the short term.
Usurers nodding with a grin and slowly rubbing their hands together. “Yes, yes, buy all the Pokeman cards you’d like. We are here to help.”
I wouldn’t advise going into debt to buy cards. I would instead recommend selling your cards to avoid going into debt if at all possible. Being in debt has unfortunately become very “normalized” and “part and parcel” of being a young person in modern society–it should not be. The reason that nefarious mentality has been made possible and propagated as far as it has is because it has been promoted by the powerful, well-connected, egomaniacal usurers and their promulgating and propagandizing cohorts in order to line their pockets while sucking the dignity and fulfillment out of young people by preventing them from attaining basic necessities like a house, a car, and (most importantly) even marriage and children without becoming their perpetual wage slave until they’re too old to remember how the hell they signed up to “allow” themselves to become indebted in the first place.
- someone in debt
Absolutely my first thought when I saw it advertised on eBay. But people don’t easily learn. “I don’t care what it is, if it’s shiny… give me two!”
This is it boys, we found the top. Pokemon cards on margin lol.
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Shouldn’t be investing more than 5% of your money in Pokémon and other non traditional assets. I think pokemon is fun and all, and you can make money but you should have a healthy traditional portfolio before “investing” in cardboard. Buying cards on credit is not a good idea.
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I borrowed on credit cards playing the 0% CC flip game in the mid 90s to start my business and it worked out well. It was a better alternative for me than borrowing from relatives or getting a second mortgage. It needs to be business minded and not a casino.
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It’s a gamble. Never smart to put something on credit that you can’t afford. My exception would be a mortgage that’s within my budget.
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Pokemon cards only go up in value, so I don’t see the problem.
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I don’t know why someone even needs to do this.
You can flip cards at an insane rate right now. I’ve bought 2 shadowless zards in the last week that I’ll clear 2k each, in profit alone. So just buy a few, sell, reinvest sell half or whatever, rinse and repeat.
You have to be a pretty aggressive buyer to go for it with debt on your shoulders. I think there are people who are taking loans to pay for larger cards to hold rather than flip. My guess would be with the volatile market still cruising upwards, people don’t want to flip for a $500-1k profit. They will not get that card back for their selling cost any time soon (based on the way the market is still running upwards) so they rather have a second car payment, then hopefully sell for $5k profit in 6 months or so. Btw, I understand everyone’s mindset on this, I am just trying to think like someone taking a loan.
Some people will succeed from this, and others are going to be unfortunate. All I recommend to those who are less knowledgeable is to do a ton of research prior to buying anything, and especially prior to taking a loan. DO NOT take anyone’s advice to dictate your decision.
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Not going to lie - I did a lot of this back in 2018 / 2019 & it paid off well. But, would not recommend it at this time. Was WAY easier to find mint cards / grade them / sell what I needed to pay down the note / keep what I wanted to keep.
At the time, I wasn’t speculating though - just wanted to grow my collection. Which worked.
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There are deals out there. Everywhere, if someone is smart for about 3 months. Then they can buy/hold with house money, and not owe a note on it.
Does it mean you miss some gains. Sure. But you also will have cards that paid for themselves and you don’t anyone a dime.