In this episode, we go over the basics of trading/investing in basketball and other sports cards with an expert guest who has been doing this for a long time. Hope you all enjoy learning about this, and the interview-style format as well. General tips for getting started are listed below. As always, thank you for listening, and feel free to share with other NBA Junkies out there!
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Tip 1) Don’t buy and open boxes hoping to strike gold
Tip 2) Set a budget for yourself and split your budget into a diversified set of safe singles
Tip 3) The market favors scorers and bigger market teams, so look for players that fit those criteria when getting started
Tip 4) The size of the players market can be generated by player hype (Lonzo Ball) and other factors like college for overlapping customers, so also factor those into your considerations
Tip 6) When looking at raw cards when potentially buying, look at the seller’s page to see if there are signs that the seller is trying to dupe you
Tip 7) Younger players are more volatile in the market than established players, who are the long-term holds
Tip 8) Cards with distinct features (patch, serial, auto’s) will have more intrinsic value
Tip 9) Check out Card Collector 2 from Columbus Ohio (YouTube), NashCards (Instagram), ClayCards (Instagram)
Tip 10) Stay away from media that “investing” advice that tries to sell you a service