Quote:
Originally Posted by jcardstore
People will claim that they're great card investors and they've made so much money but never tell you the whole story.
Most of them made all their money in the 1 time pandemic bump... which had absolutely nothing to do with the cards you bought because everybody won, especially the people who already had higher end cards going into it.
Another dynamic is that they only tell you about the winners. They don't tell you about all the thousands of cards they have sitting in boxes that are now unsellable because they'd be 99% losses.
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I see what you are sayings, but it's too broad of a brush.
I personally know two types of people who have made and continue to make money hands over fist in cards and memorabilia:
1. People who know what they are doing, have cash available, and buy and sell quickly for profit
2. People who really understand the card market, know when to sell at a peak, buy a near the bottom, and hold when the card is desirable and drying up.
It takes some talent, knowledge, or whatever you want to call it, but it happens..... just not to the people who jump right in my listening to influencers that are trying to sell them crap.