Top Tips for Investing/Speculating in Collectibles WITHOUT Becoming a Hoarder or Going Broke!
Вставка
- Опубліковано 7 вер 2024
- Recorded at 1 AM EST...Yes, some of this is review, but it needs to be said...
Welcome back to Reserved Investments, your number one resource for all things related to collectible finance. In this video, I provide top tips for navigating the antiques and collectibles trade whether you are a collector, speculator, investor, reseller, or even a dealer. Please don't become a hoarder!
Email for Antique/Collectible Consulting Services: ReservedInvestments@gmail.com
Patreon: / reservedinvestments
Disclaimer: Videos are not and should not be considered direct investment advice. Please use caution before investing in anything let alone alternate asset classes like the antiques and collectibles trade.
This is the highest quality collectibles investment content on UA-cam. So many people need to hear this. This space needs more truth-telling and less cheerleading.
This is where the grown ups come to talk about the collectibles markets. 👍🏽
100 bro
Yup, I needed to hear it, lol!
"Hoarders are not sexy " I need that t-shirt.
Auction fees alone make collectibles a bad investment, combining that with the opportunity cost versus the S&P and you got yourself a horrible investment. This channel saved me a lot of money ❤
me: keep everything
reserved investments: no thats not...
me: hoard like a dragon loud and clear
Hahaha, briliant!
This resonates with me, except I have the struggle between rationality and irrationality... and everything in between.
On one hand, the voices in my head saying "price these to the MOON... and if they don't sell, then keep in your collection" vs. "Don't be a DH... get what you can, take the profit, and rinse and repeat!" vs. "why are you even selling these, you heretic! These will further enhance your collection! Keep them!"
The biggest issue is getting attached to items. I always say I won't... but more often than not, I do!
I know full well what I SHOULD do... but suppressing that greedy voice in my head is often hard. A constant struggle between collecting/hoarding and not wanting to leave money on the table.
at one point I realized, collecting isn't healthy for me. So I made buying and selling a side hustle. Now I get the excitement of searching for the items without the hoarding part.
Collecting can so easily become hoarding. As a coin collector I became a hoarder. I'm in the process of nailing down my collection, selling off what I don't want, and organizing and cataloguing what I do want - until then I am off ALL coin purchases. The point made in the video about defining what you collect is critical. I am in a lot of niches in coins ranging from bullion to world coins - that's a mistake. I am now focusing more on Irish 20th century 1928 - 2000 coins and Philippines key types. I also have a sizeable collection of world coins, which I am in the processing of selling off. Luckily my collection is probably 1% or less of my investment portfolio.
Collecting can easily spiral out of control. I ended up going overboard and getting all this random stuff. Sold off a bunch of the stuff that I really shouldn’t have bought in the first place
I learned a Looooong time ago that I can't be both a collector and a reseller. I had to pick a street and stick to it. That hasn't been easy and other than a few select items that i HAVE decided to keep, I have made the, often times, difficult decisions to sell things that I would have loved to keep. This mindset has kept me disciplined and I'm better for it. Now If I was just a little MORE disciplined, I'd actually finish listing my idiotically large backlog...
maybe it helps to remind yourself from time to time that all popculture collectibles are just trash? If I have problems selling something I ask myself "would I be still attached to the item if it wasn't worth anything?" Most of the time the honest answer is no. The stuff has an appeal because it's valuable. Because other people want it. It's usually that simple.
this video is amazing. importance of having a plan vs. a shopping addiction. lots of these ppl need to watch this
Another excellent video. A common mistake I see often is people using their collection as an emergency fund. “Oh if I need money I’ll just sell this stuff”. Yes but what if the market is down and what if you need money fast? Then an emergency comes and they sell at a loss or huge discount to raise capital. They also don’t take into account the work and time it takes to sell a collection. It is an emergency if you don’t have an emergency fund.
Yes!!! I can’t believe how many posts I see on fb like “hey, totaled my car the other day. Need to sell my PSA 10 moonbreon quick.” Like no, you should never be in that situation. 🤦♀️
@@Nswin17384 exactly. Personal finance should be more main stream and commonly taught in high schools. Sadly the majority are ignorant to it and underestimate the power of an emergency fund.
Shawn, I appreciate your "f*ck yo feelings", no BS approach to these topics. I feel I may have fallen into the hoarder trap over the last couple of years and I needed to hear this. Thanks.
In my opinion, this is your best upload thus far, Shawn. Great stuff!
As a collector, investor, reseller, and (being honest with myself) HOARDER, this was close to home!
I know what I have to do... DOING IT is the battle!
We're on the same boat. My comment would have been the exact same. This video was very enlightening 👍
*sigh*... same. i dont know how to stop. i guess making a focused list of what i will keep and what i want it to signify is the first step. then tearing the rest from my heart and selling is step 2... the hard and awful step.
THANK YOU for trying to save people from themselves.
This video is legit. When you prioritize the sale over the item, it will help chip away at hoarding tendencies. 99% of what I own is always for sale.
Shawn, I have a very distinct feeling that you made a small fortune selling “into the hype” during the pandemic. Well done. All of your knowledge, work, sweat coming to fruition. 👍🏻
You’d be correct.
Terrific video, this has definitely become my favorite UA-cam channel now
I think a great video would be on Militiaria. It’s a unique collectable field. I collect WW2 Items such as medals,badges,daggers and helmets. I also believe that these items only go up in value the more time passes and that interest will always be there as I doubt people will one day no longer care about WW2
World War 2 is rooted squarely in history. No one is forgetting it anytime soon.
@@ReservedInvestments I think your spot on correct. I’m a collector of WW2 Militaria items such as medals, helmets & Edged Weapons. I would love to hear your thoughts on this market.
You have quickly become my favourite UA-camr! Thanks for all the great work
Ya people collect civil war stuff and revolutionary war stuff. I'm wondering if the war of 1812 stuff is cheaper cause it's a less popular war
Staying focused is so important. I bought things for my collection just because they were a good deal or because I want to buy something. It never made me happy in the end.
yes, yes, yes, just thank you for saying that
Being emotionally attached to any item (s) can be risky. Imho, its fine to like the items you collect, but be able to disperse if needed.
(Collector investor here).
Spot on! Well said. 👍
I can guarantee that at one moment in the future someone who has listened to this episode of your channel will say: "I should have listened to Sean". 😮
first hoarder reporting
Hahaha... there's an orderly queue forming! 😃
Hoarder five standing by
"no one is attracted to a hoarder" - my wife agrees lol
loved the old whiteboard video on this topic. It was very informative to me and stuck.
Enjoyed the video and think there's a lot of useful points for people to consider. I like to think of myself as a collector that collects like a dealer. I look for opportunity in the antique category I collect. Majority of my items are bought below market value and I make friends with dealers to collect hot items first before others and at a small discount. I diversify between unique high value items and very liquid items in the category. The idea is to keep my collection highly desirable for a dealer to purchase down the road, while also having a lower entry point on most items than the standard collector.
Great video per usual Shawn! You’ve touched on opportunity cost a lot in past videos and this video. I find the idea of investing in antiques and collectibles so fascinating and alluring. Yet given the economic climate, I can’t help but park extra money into HYSA and the ol’ S&P. Perhaps it’s common sense getting the better of me 😅.
But I hope to learn when good entry points are for certain collecting categories
My hoards are organized. I feel like I needed to hear some of this though, so thanks.
A lot of my Pokemon peers scare me. You can’t keep buying cards and product at good deals and call yourself an investor. You’re an addict with a collection you barely recognize
I was in that cult for a while. It is becoming quite alarming how many people are hoarding stuff, especially on the modern side of things. I tried to say to one guy to sell a couple of his Evolving Skies boxes to pay for the rest and then he'd be"playing with the house's money". Needless to say they all thought I was a moron.
Hey Shawn! Have been a subscriber for a while would love to see your collection/investments in its current state as like a show case! - also would possibly love to hear your story on why you bought certain things at certain times etc!
Love these videos !!
Fantastic information! And probably difficult for a lot of people to hear 😂. Thanks for the video.
Ya I just buy video game lots to keep the few things I want and resell the rest to break even or make a little money.
Coin roll hunting first Buy collectibles from garage sales then condense to more rare pieces. Then get to end game collection
Wealth of useful information squeezed into another excellent video. Keep up the good work and save people from themselves 🤣
“it is not supply, it is demand” -> also applies to NFTs rn 👀
I was making a metric ton selling rare and collectible stamps in 2020 but now it has fallen off a cliff! Your main collectible should be a diverse stock portfolio!
My goodness you are speaking to me personally and thank you for this
Great stuff as usual! I occasional feel my inner Timmy boiling up inside, and these videos help me stuff him back down. And then I check my Roth IRA haha
I’m digging the jacket. Are you surprised modern Pokemon(Evolving Skies-Chilling-Team up ect.) is remaining strong this many years after the boom. I am.
The amount of speculators in modern is growing so it'll probably keep going up for a while. It could be 10-15 years before we see the consequences since that's when most of those guys are planning on selling.
Source: I was one of the cult members.
I couldn't hoard other people used stuff. I'll pass on the roaches and bed bugs lol.
Great video Shawn
Always enjoy your videos sir! What are your thoughts on authenticated autographs (historical figures, iconic sports stars, and movie stars... Etc)? How about the companies that grade and verify the signatures? Thx
Thanks for the lego advice 👍
Hey Sean, I assume you heard of the recent Castlevania selling for 90k on eBay? Are you planning to do a reaction video on it? Super curious to hear your thoughts on it!
Real talk respect
Thanks for the video Sean.
I have a $100,000 collection I can only sell $100 at a time. I’ll have to make 1,000 sales! I can’t part with it though.
I’m going to have to figure out something because I’m running out of room.
Awesome video!
Thank you very much
Great video
About Harry Rinker's quote, is there a blue chip antique?
Man Shawn do you think you could show us your Pokemon collection, like what are your favorite sets and how do you like to collect Pokemon cards do you do them raw, graded, or sealed?
Why the hate towards hoarders? I like the hoarder's scattershot approach of collecting everything. The odds are great that at least one of those things will go to the moon 😁
I know this is trolling, but your answer lies in the aggregate average. That's the key, not just one item that goes to the moon.
I often wonder if Rudy is a bit of a hoarder. I don't think he ever plans on selling his vintage Magic cards. 😂
3 minutes since video posted and I'm already the third comment?
Gold and silver are commodities, not 'alternative investments.'
Yeah, very easy to buy, much harder to sell...
ok so i started out as a collector and part time reseller and now have a hoarding problem and shopping addiction. what now? seriously asking.
Therapy works wonders!
❤
I view myself as a collector/ small business but I've seen it's difficult to sustain a small business
Hopefully you sold your evolving skies recently shawn
Can phone booth pay phones be a sustainable market or will it only last as long as the people who lived through them do?
"Nobody is attracted to a hoarder"
😫
As long as Alpha cards are attracted to you, that's all that matters
Every time Shawn says the word hoarder I think of you. 🤣🤣 To be fair though you're well on top of the organisation side. Those binders are beautifully organised.
Vulcan like logic proceeds with optimistic pessimism.
I am a degenerative trift buyer, i got alot of cool sheut tooo bad i dont sell.. hey im a hoardeerrrr
Safe bet these days are CD's even.. people lose money left and right not taking this passive income
Boomers: buy my gold, stocks, my bonds and my real estate.
Millennials&onwards: no thanks, I'll buy Bitcoin, Pokemon and One Piece.
Boomers: you have to be smart about investing and look at income-producing assets!
Millennials&onwards: I did; your assets barely keep up with inflation; my Bitcoin, solid crypto networks and collectibles have appreciated multiples higher than your strategy in the past 5 years. Real inflation is under-reported, so high that makes any income-producing yield nearly irrelevant when choosing your investment strategy.
Boomers: But that bubble can pop at any time, and you will regret not choosing the old battle-tested strategy of wealth creation.
Millennials&onwards: I will regret not buying more Bitcoin at $69,000 in 2024, the same way you regret not buying more Apple stock at $2.17 in 2005.
This is the mentality that will keep you poor. The ‘assets’ you mentioned buying are all speculative and have no underlying cash flows. That’s one reason (there are others, rigged financial/political system as an example) as to why your age group struggles, no one taught you how to build wealth. You have the gambler’s mindset, not the investor’s.
@@ReservedInvestments I think he's joking. Or at least I hope so...