How To Build Wealth With Pokemon Investing...
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- Опубліковано 5 кві 2024
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Love it man!! My daughter is gonna be pumped when she inherits all my SWSH booster boxes. She gonna be chilling!!
Another great video Alex!! Perfect timing while soooo many people and families are on spring break.
Always enjoy these kinds of videos from you!
Appreciate this content! Good to see discussions about building wealth long term vs singling in only on Pokemon. Flipping is too much of a grind. I like to point and click, and put something on a shelf or add it to a portfolio. Consistency is key.
Awesome video thanks for the motivation it helps to hear it!!!
A lot of good points N.N. The easy part is making a game plan, all of us have our own and most plans are/can be profitable. The hardest part is to stay consistent on the parameters of that plan day in and out to create the wealth. From holding for the long term to flipping only specific items that have positive EV for the churn and burn is where the discipline has to be king.
💯
Just subscribed. Appreciate the information.
Hey thanks a lot. Appreciate that!
Im bad at taking money from my checking and investing it. But for whatever reason I can manage to keep pokemon sealed and not touch it for years. So i just set up an automatic 8% to my 401k weekly, buy a few pokemon boxes, and I dont have to think about it. Then i do 30 bucks a week automatic to webull for a little fund to buy my kids cars when there 18. Then the disapline of pulling money from ur paychecks is kind of squashed and its just done for you🤷♂️
Just an absolute perfect video, one of the best yet as this could help so many people if they heed the advice. Definitely something I've tried helping some of my extended family understand but well like for so many they just don't want to live inside their means.
Really appreciate that man. Glad you liked it!
@NostalgiaNomics no problem, think it's a really important topic most won't touch in this space.
Great advice to anyone trying to build wealth in general not just for Pokemon investing!!!
Great video .,..thanks mate
Thanks Alex!
Another great video 👍
Currently a vanguard account, workplace pension, and recently starting to invest in Pokemon cards, this is honestly amazing advice and completely agree with you here, it's all about having the correct mindset to invest long term for sure. 14:12 and 14:30 Definitely hits hard, a lot of the times these people only realize when it's simply too late.
This is what im doing now putting all my extra money into booster boxes and i couldnt be happier just wish i would of started doing it about 10 years ago
Great video!
love your channel 👍
Thanks brother!
No one could explain this better than you did in this video! 👌🏼
Hey thank you! Really appreciate that.
Support from Germany !
Loved the video 👍🏻😎.
Great topic.
I do believe a video is due where we can see you out your content where your mouth is.
I’m sure I speak for everyone when I say a video of your retirement plan looks like. At least a portion.
great watch
I appreciate your honesty!
I enjoyed the video. I was annoyed at first because I Feel like im being yelled at and ranted it but i got the message loud and clear towards the end and it did helped me.
🤣 my bad. Glad you liked it in the end!
He likes to yell, but he’s a good guy
Really depends on your risk tolerance and what you have invested elsewhere. If Pokémon is your only investment then you should go buy an index fund. If you've already got a well diversified portfolio and you want to speculate on what the Pokémon market will look like in 20-30 years then go for it. Always best to take some gains off the table if it makes sense though. Like with Evolving Skies if you bought a case at the lows you could clear basically your entire cost by selling 1 box.
One thing I've learned recently is that the US has no compulsory super annuation/retirement investing and I find it absolutely crazy that someone can work their entire life and leave with literally nothing
It's lack of education sadly. No one is ever taught financial topics in school. It's incredibly easy to invest to 1 million if you know the basics.
Very valuable info. I’ve learned this 10 years ago as I was never taught this. Now I am getting ready to have all the blastoise’s ever made including a no rarity symbol. (A few more years for that one but sooner than before 😅)
Yoooo!!! That is going to be a WILD collection. Congrats!!
@@NostalgiaNomics thank you my brother 🙌🏼🙌🏼
Building wealth you say...
What great about card investing is it’s fun and its an investment. Most investments are boring. But buying cards, grading them and holding sealed product is tons of fun. But having a diverse long term investment is always the best idea. Have some in real estate, have some in stocks (etf or mutual fun safest long term), have some money put away in a high yield savings for emergency. I also invest a small amount weekly in Bitcion. Cards can just be another way to diversify your money. Buy and hold will always be the smartest move. Always do your research on what will do well long term.
100%
A tax return is just an interest free loan given to the government straight from your paycheck. If you’re getting a large tax return, chances are you messed up somewhere when setting up how much tax is being withheld every paycheck.
I wish more people realized this!
I used my work bonus to get a case of paradox rift and a case of crown zenith xD
How does the plastic in your boxes in background not get shriveled from being out??? What temp is your house @?? I keep mine in bins and sometimes they do anyway
The bins are probably the reason.
Hmmm... I usually keep the house at about 70 degrees year round and they are either in a closet or my basement with no sunlight or anything and never have any issues
Keep a dehumidifier nearby
Weird, coming from Britain I'd never thought about temperature or humidity. That sounds like a giant pain in the arse.
The message here is great, but I think most people should still be utilizing retirement accounts for the tax benefits, putting all your retirement money in something like Pokémon investments seems really risky
1st I'll preface yes I have a 401k just to get that out of the way. But the tax man always comes and we have no idea what the tax rates might be in the future on that money but it is not tax free or any near it. I only put in what my company matches and go to other investment vehicles like pokemon elsewhwere because like I said one it's not tax free and then two it's not liquid in any way if you absolutely need it.
@@tallcatshortdogit is tax free if you wait until retirement wdym
@@tallcatshortdog true traditional accounts will still be taxed as income, but Roth accounts won’t be taxed at all so assets in those type of accounts can be very valuable imo. I agree on the liquidity though, if you think you’ll need to liquidate then makes sense to keep somewhere outside of retirement accounts. Just wanted to bring it up that there are implications of keeping your investments in Pokémon vs retirement accounts that should also be considered
100%. I agree that investing is critical but diversity is king - not the “picking winners” fallacy. I love Pokemon but it’s the collectibles market and caveat emptor.
I have been collecting since 2013. I think spent over $70k+ across the 11 years I started collecting and I still haven't sold one single item. Not sure where I am going with my collection but it is awesome to see the growth of my collection. Btw, I have a job so some extra money I have always go towards my collection and savings account. 😂😂
That is amazing! Some real discipline right there. Can't wait to see what turns into. Keep it up 💪
@@NostalgiaNomics Thank you! Although, maybe half of my collection I bought was during pandemic time. A lot of products I bought are down at the moment but on average I have already doubled my money even after fees and shipping costs. So long term, on average you will make money if you can wait and hold 😊😊
Keeping up with them damn Joneses
Financial literacy is massively missing in the American population. Most parents don’t teach their kids and they certainly won’t learn it in school. Thanks for educating people Alex!
Also tip from someone in their 30’s. Start young. Even a small investment each month with compound interest can make an enormous difference and the earlier you start the bigger difference it makes. Don’t be like me and wait a long time to start.
Absolutely! Starting young is the real cheat code to all of this..
Great video today. Flippers will make their quick buck in the short term, then one day realize they had a gold mine when boxes start going for 4x the price of today's value.
Also want to exaggerate the importance of diversification as well. I have 12% pre-tax income going into my 401k, a maxed Roth IRA, and THEN I think about acquiring sealed Pokémon. I'm holding onto my Pokemon stuff until I run out of space or I'm forced to sell.
Love your pokemon display
Thanks! Appreciate it
I agree Alex, most people don’t realize the sacrifices rich people had to make to be where they’re at
True words the reason i dont sell pokemon much is i open only sets i love rest is a investment like moon boy i have 2 no thoughts of selling even tho i know es box will be more the cards were pulled by me or my kids or wife
I’m terrible with day trading and crypto because I’ll get a 200% gain and say to myself “it can go higher” and then I lose all my gains. That’s why Pokémon is so good for me I have no interest to sell anything in the near future no matter how big the gain is short term. I’m hodling everything!!
Build wealth by saving money and investing it in a high quality index fund.
It really is that simple. It's boring though which is why most people don't bother.
So i should buy a case to turn and burn and then buy a case to just sit on? XD
Me strategy for Pokemon - Buy a certain dollar amount each month worth of sealed booster boxes and hold them for 10-20 years
3:20 Savage
facts
The point of your video is so true for most everyday Americans who do not understand money and how to build wealth properly. What I always tell people is: "It is not about how much you make, but how much you keep and what you do with it."
Too many people focus on their income and how much they can generate by trading their time for money, but never on how much they keep, save and invest. They view extra income beyond paying for living expenses as "disposable income", so they usually dispose of it by indulging in stuff that doesn't get them ahead financially in life.
IMO, the "keeping up with the Jones" immediate gratification mentality is the greatest wealth killer for most people.
If most would just develop a conservative, well diversified, financial plan and stick to it long term, then they will be surprised how much wealth they will accumulate as time passes.
100% facts!
But you did made a video in the past where you say there is a time where it is good to sell your product..instead of what you tell us now to buy and hold product forever?
I said in the video if you want to sell some to recoup all of what you put in and get down to 0 cost basis as items appreciate its a good idea too
Don't hold anything forever! One day we will all be dead.
Goat
Alex - video kind of hit me in the feels because I've been feeling guilty lately. What would you advise in this situation? I have been buying Specialty Set ETB's (CZ/151) from an individual I found on Facebook marketplace. He sells them for $25 a piece and typically sells about 4-6 boxes at time. I've made these transaction quite a few times at this point but I'm a little skeptical on the means in which the person is acquiring them. If they were selling 10 at a time out of a case that would be one thing or even 1 at a time that would be understandable. But it seems they have 4-6 boxes every other week for the past 3-4 months. Long story short I suspect these boxes were stolen and now being resold to me. Is that unethical to buy these boxes? Am I reading too much into this and perhaps this is all good? Do I need to ask this person where they are getting these boxes? Lemme know what you think if you can.
Are you sure they're real boxes?
That's an interesting one. I have no idea where he would get authentic product from legitimately and be able to sell at those prices so I would guess there is something fishy going on there just not sure what...
At that price you could open a box to check if they're real. If you think it's stolen just stop buying it. Mind you can't say I wouldn't tempted at those prices even if it was half-inched.
@@monkey39128 I opened a few of them - all of them were legit.
You can’t deny a lot of these rich people had a massive leg up by being born into wealth/being incredibly lucky. And very few you can say are actually “self made.” We all know the people that clearly didn’t become rich on their own.
Apart from Pokémon I also invest in:
Football (Soccer for you Americans) cards, Michael Jordan cards, DC tcg cards (The Flash, Green Lantern mainly) and Hot Wheels.
Absolutely! I am not saying that by any means. I was only saying with time and strategic plays pretty much everyone can retire comfortably.
Buy and hold. Simple
For God’s sake, spend your money on anything but a Taylor Swift concert!
Really good Video!!! FOLKS TAKE NOTES!!!
Appreciate it as always man
Are you going to Nationals?
I can honestly say I have had my moments of boneheads plays in the Pokemon market. For the most part I'm up, but have lost over $1k before.
Ya it is still risky at the end of the day with a hobby like this. Happy to hear overall it's been a great experience though
that's a good philosophy to have tbh but you have to understand most of your viewers don't have it like that and they will cash out soon as they see the tiniest profits on ROI as for me I'll patiently wait and hold out till I see that 2k return on my evo skies booster boxes none of y'all getting mine for $700 lol. I do mostly do churn burn and flip tbh but sealed I always hold long term patience is key in this hobby which for this hobby is like 5yrs hold -10yrs which is honestly very short period for the ROI tbh especially if this is just a hobby and side income if y'all do this full time as a job good luck trying you gotta be in top 10% to be successful in that space even rn card shops aren't doing great and they got more inventory than most of y;all who buy up walmart lol
What price did you buy the Evolving Skies at?
@@monkey39128 retail bud these were never below retail when I started collecting sealed again I did open like 12 booster boxes of evo skies back in the day for $1200 they were like a $100 per box when they dropped so I was like why not? that's the only price I paid got back into collecting sealed summer 2022 when the reprint was announced stocked up on them while everyone was crying they'll be cheaper once more supply hits market which never happened then shortly after costco dropped the etb bundle but booster boxes never came back into circulation a few drops on pokemoncenter but they were botted and the few peeps who did scoop stayed silent about it so people like you and me can't get in on it. Evo skies wasn't something I lucked out on I knew it was worth paying retail so I went hard on it everyone else wanted below retail that's why they missed out, that's why so many people missed the boat tbh. It's also the only set I paid retail besides the pokemoncenter etbs which you can only get retail. A bit of advice if you think a set is amazing ignore other peoples opinions for the longest time people kept trying to convince me chilling reign is better than fusion strike and I ignored the noise now look today fusion strike is worth more than chilling reign. While I'm one of the few who went hard on fusion strike they're stuck with a less desirable set.
IF I COULD STOP OPENING STUFF LOL!!!!
😂
glad I became a position trader in crypto 5 years ago. I literally sit back and play video games and take care of my kids. Everyone said "get a job" when I went full time but I followed my goals. Dont care if anyone believes me either and I dont care what you buy or hold or what. Not hurting my life :)
How would that work with crypto? I get it with stocks because analysing a company is relatively simple once you're well practised but how do you analyse a coin?
As you can probably tell I do not understand crypo. 😅
@@monkey39128 charts. Charts are the same in all markets
Bro making money is a experience lol
Hey I'm in on last origin and silver tempest case sets let's go
Hate to say it but many people feel like they are entitled to certain things in life or have the YOLO mindset and spend (on worthless liabilities) way over compared to how much they make and need a dose of reality lol.
Sad but true..
Most Americans live paycheck to paycheck. Great advice man!
*Mic Drop*
My wife is using her bonus for a tattoo 🤣
🤣
@@NostalgiaNomics yea her bonus is usually like $2000+
Norway just increased their retirement age to 75. That’s almost the average life expectancy of the US. RIP
Yikes. They truly want everyone working into their graves..
Norway has a huge Sovereign Wealth Fund so I doubt that decision will go down well.
Except this isnt true. Its 67.@NostalgiaNomics
@@silverrush1411 Just looked it up and you're correct:
"Norway has flexible retirement age (62-75 years) for earnings-related pensions, while the normal retirement age is 67 years"
The original commenter really should have added some context and I should've checked before replying.
@@monkey39128 I said they just made a change in the law
i love DA Process make mone invesDors
My man you are not building wealth lol I made more then everything you have in that house in 3 days in crypto off meme coins . The real wealthy you will never see or hear from . Stop the cap
Also your a poor man’s pokenomics
And there are much wealthier people than you investing in Collectibles. There are levels to everything.
I never claimed to be rich but I have made over 250k in the past 8 years on Pokemon and TCGs appreciation so I'm happy with that. More wealth than my 401k or IRA has built in that same time frame.