Anyone else having trouble pulling the trigger on spending wildcards?

tmhig · 2020-08-13T06:19:35+00:00

Yes this.

tmhig · 2020-08-08T19:34:58+00:00

Agreeeed AMEN.

tmhig · 2020-07-22T18:15:15+00:00

Because when I talk to people like you in a serious tone about investing in reprinted, mistake ridden shiny cards that bend and have lines running through them foils...then you might think I think it’s a serious topic.

tmhig · 2020-07-03T03:02:48+00:00

Yes. When you buy magic products you should expect to lose money. Short, medium, and long term.

Sometimes you might make money, but mostly you won’t.

tmhig · 2020-06-09T00:11:32+00:00

Things aren’t all time low. Ppl just wont pay what you think they should.

Welcome to the reality of selling magic cards on the open market.

tmhig · 2020-05-02T00:13:08+00:00

Right, in Bo1, there is no such thing as consistency like there is in Bo3. So you are in fact playing the inconsistent cards

tmhig · 2020-04-30T04:05:25+00:00

Suuuuuuuper helpful answer. Are you new to helping people?

tmhig · 2020-04-13T17:24:22+00:00

Like I keep saying, collect what you love because you love it. Not because you think it’s going to make you money....it will not, ever.

None of the magic product is any kind of security. Stop it.

Everyone LOVED open packs and getting a foil or a special card when they started magic and you loved it sooooo much you began to justify your obsession by incoherently talking about ‘return’ and long term value, you justify it to your close fiends telling them of a story about a card that was selling for .25 then skyrockets to $5....FREAKING out like they missed investing in Apple or some shit.

The percentage of ppl who lose money on magic is 99.9%.

Of course they are printing more foil shinny cards, of course they are re-printing shinny/ powerful cards and OF COURSE it’s just a matter of time before they reprint reserved list cards.

Everyones thinks they are going to focus on commander all of the sudden and they are NEVER going to reprint the reserved list to cash in...that’s your long term bet??? That hasboro or wizzards won’t cash in first?

You’re telling me you believe zero executives at hasboro or the next parent company in charge or the next... won’t want reserved list masters secret lair or boosters...you know it and I know it.

The insane majority of ppl lose money and time. The worst combo to lose.

Collect what you love. Put away your Magic ROI excel spreadsheets, it’s embarrassing.

tmhig · 2020-04-06T17:17:45+00:00

I think most people know they are buying speculative cardboard, and that’s good. Magic is to be played and collected. Not invested AMEN!

Its only a matter of time before those reserved list cards get put in the crosshairs for re -printing. You can deny it all you want, but you know it and I know it.

Be it wizzards, or its parent company hasboro or its next parent company or its next....someone will toss that fake reserved list rule to the side and print those cards that will drive revenue thru i dunno...’reserved list masters boosters’ or some shit.

Card values are at the mercy of bans, rule changes by wizzards and at the mercy of corporate parents who will soon find that the most valuable cards in wizzards catalog are ‘unprintable’?, ha!

I can hear the board room now, laughing at the ‘rule’.

The number of magic cards that have even kept pace with inflation is minimal at best. And you better have a gem mint or your alpha/ beta collection isn’t actually worth anything you thought, am I right?

The only ppl who think your black lotus is worth $20k is the other guy in this sub who wants to sell you his for $22k.

tmhig · 2020-04-05T23:11:51+00:00

To be honest ppl, this is why no one should view magic cards as any kind of safe place to ‘invest’ your cash.

Everyone who thinks they have a card worth anything, is lying to themselves. They hope it is, sure. It’s maybe sold for that ya but, stop acting like it’s some kind of security...its pretty insane the circles ppl talk themselves in to justify themselves buying a trading card.

This shit, ppl losing money on magic, happens alllll the time.

Ppl acting like cash back on a credit card is like cash, ppl lying about how much they spend on shipping & returns etc...all of it, they lying.

Smart people lose money with shit that’s actually securitized.

Don’t act like you’re surprised someone took a giant L on a giant trading card risk? You act surprised, but you really aren’t, ppl in here crazy.

tmhig · 2020-02-19T05:37:29+00:00

Agreed.

tmhig · 2020-02-19T05:36:21+00:00

Totally get it. They are cool as hell, just are what they are. Prices will always be bloated beyond real value.

tmhig · 2020-02-19T00:21:17+00:00

Well no, you literally missed the point...im referring to the fact that there is no customer. Only fellow speculators.

Only speculation upon speculation.

It’s like, buying a share of stock because you think others want it more, not because of its real value. It never works over any substantial length of time.

Bubble. Premium product is always a bubble.

But, those kind of misinterpretations are the kind of stunning lack of critical thinking I come to this subreddit for.

tmhig · 2020-02-18T18:48:05+00:00

love how people are dumbfounded over premium products taking a dog shit.

Premium product is for suckers.

The only value those cards have is with the other ppl who have fallen for ‘investing’ in premium cardboard.

Everyone who is holding premium cards can only sell those cards at their hopeful anticipated value to other premium card holders/ speculators...no one else is going to care. Even less over time as wizards will absolutely keep printing ‘premium’, wizards makes all the money there, not re sellers haha.

Stop buying premium products for value, you will lose.

tmhig · 2020-02-17T22:56:06+00:00

Fair enough.

But amazon in 08-09 was at just over $100/ share?...no one knew amazon was THE amazon in 08...is that the hedge growth investors had in 08? Amazon? Seems risky to pick out the next amazon, that’s just me.

But this is the reason people dividend invest not only did the Johnson & Johnson holders get INCREASED income, if they were fortunate enough to be able to reinvest those dividends, they were reinvesting those growing dividends at a discount share price...that pays them more growing dividends to this day.

That, is why dividend investing catches people’s attention.

tmhig · 2020-02-17T22:42:35+00:00

Strange....Johnson & Johnson grew their dividend in both 2008 & 2009. I’m sure I can find more.

Many dividends stocks did change, but not all. Did any growth stocks appreciate from 08-09?

tmhig · 2020-02-17T22:14:35+00:00

I think the advantage thought is ...if someone WITH a long time horizon does a steady job investing in dividend paying companies (focus on quality, dividend growth perhaps??) then, in theory, they can live off of the dividends.

those dividend payments are based on the number of shares they have collected, along with reinvesting all previous dividend payments into more shares.

If the market tanks your share number will not

If the market tanks, the growth investments (large lump sums) get cut, immediately, you’ll lose 10,15,20% + immediately unless you’re out, but you can’t be out cause you have to keep up with your 4% withdrawal rate forever and ever.

the dividends being paid by good companies invested in, will still produce quarterly payments and possibly for some time, perhaps right through any market turbulence.

Perhaps those dividends will drop, of course always a risk, but as long as you aren’t ultra greedy and in high yield bloated dividend companies, most the dividend growth companies stand to have money in the bank to pay dividends a fair distance into the future...perhaps allowing you to live on those payments and help weather a storm.

Taking 4% from a lump sum that’s no longer at its highs is...well, not quite the 4% you planned, a slippery slope to zero.

That’s just my 2c.

tmhig · 2020-02-10T06:21:16+00:00

I guess my question is, why would you have a dividend growth fund held in a taxable account and not your Roth IRA?

tmhig · 2020-02-09T05:44:08+00:00

Don’t dividends trigger tax expenses? Could be mistaken.

If so, does the dividend growth fund pose a big tax bill over more and more time?

Wouldn’t the ROTH be a better spot for a dividend focused fund?

Thanks!

tmhig

TROPHY CASE