Profit is the word you´re missing
He just bought some stuff without really knowing anything about the market, I guess he will make profit on this stuff if he just holds it long enough but for now he should´ve investigated the collectors market a little bit more As he said in his video, he wouldn´t even make anything different he just worked after certain information/sets of principles but it just didn´t work out as hoped.
Title character cap. XD
Lol cbf watching. But damn thats one hell of a bowtie!
2 year investment on product that rotated out of standard during that time is never gonna show significant growth.
I really like Rudy, but he should’ve watched some smpratte…
The older, the rarer, the minter, the better.
Still, I really respect his openness and insights. There’s so much to learn from him and his videos.
I thought his false statement about Pokémon declining was rooted in his modern purchases not growing. I told him over the phone to just buy vintage boxes, or actual rare cards.
For example, when he started buying this modern Pokémon product, fossil 1st ed boxes were $800. Jungle 1st ed was $900. Rocket 1st was $700. The list goes on. Literally every wotc box increased.
If anything this is a great example how hobbies are entirely knowledge based;
an immense cash flow won’t change that reality.
He didn’t really invest, he hoarded.
I can understand it when he refers to buying Reserve List and Alpha/Beta MTG as an investment, but buying pallets of boxes to break down and sell is not investing, it’s just retail.
If anybody is going to target modern product, I would go for Elite Trainer Boxes for the English stuff. What I bought most recently were the Generations & Shining Legends ETBs and those have gone fantastically well. Like the rest of y’all are saying, you need to at least take a slightly educated guess.
Rudy admitted his miscalculations plus he threw in a couple of bits of wisdom which may be known already to some of us but his community could learn from.
This game is not all flowers and rainbows.
Not a bad video at all.
Pretty much saw that coming lol. Rudy is known to risk it for the biscuit though.
I like Rudy. He’s a calculating and risk taking businessman. I like how he breaks down the economic side of the TCG business. I haven’t run across anyone else that is that open with their information. I appreciate that.
I think he’s going after a different sector of the market than many of the high end businesses on this forum.
Rare, high end collectibles are one market. Mass market modern product is another.
I would agree that the mass market popularity is not high as a couple years ago. And it didn’t do as well for him.
I like that he is buying into Pokémon at such a large level, and hope he continues to do so !
I assume he wanted to quickly invest large amounts of money into products and not to snipe some WOTC boxes here and there.
That s a good point! He was straight forward about what happened.
To be fair Shining Legends ETB are still on eBay for $35 shipped, but I also picked up some Generations ones that did well.
I think the main issue with these is that they take up a large amount of space, and that the % price increase is deceivingly high.
At least for me, with the Generations ETB, I paid $35 shipped, if I go by the lowest BIN, $80 shipped on eBay, it sounds very good. But I’m going to end up paying $10/15 for shipping (I don’t have a cheap way of sending these giant boxes), then $8 to eBay fees, another $3 for paypal fees, and suddenly the total cost to sell is about $55-60, making the profit margin small, and for the time spent/liquidity (time to sell), it seems as though a $1000 box with 50% growth in the same time makes much more sense than 30 of these ETB…
I think Rudy is smart enough to have bought old WotC cards and product but for the purpose of this channel this is the only thing he’s showing us.
bulk buying mass produced packs and cards and waiting 2 years doesn’t yield massive profits. who would have known?
I’ve only watched a few of his vids but I thought this was was quite informative and enjoyable. There’s lots of people that will fail to admit their mistakes and he shared some good insights.
In my opinion 2 years isn’t a very long time for an “investment”. He most definitely could of made better purchases but I just don’t think he really gave his investments enough time to grow.
He treated it like Magic, which he should have never done. They’re two different monsters.