How would you double $10,000
jbox
Posts: 408 ✭✭
Before I submit the question, let me qualify it by saying this is just an exercise. I collect who and what I like because I love the hobby and pay only secondaryl attention to the investment aspect. With that said, there is certainly an investment side to the hobby, so I'd like to see the different ways people would tackle this.
Suppose you have $10,000 cash and the goal is to double it as quickly as possible. You can only do this by buying,selling, flipping, etc. sports cards. Anything illegal or unethical is off limits (i.e. counterfeiting, trimming, etc.). So let's hear how you would do it on the up and up. I look forward to hearing the wide variety of ways this could be done.
jbox
Suppose you have $10,000 cash and the goal is to double it as quickly as possible. You can only do this by buying,selling, flipping, etc. sports cards. Anything illegal or unethical is off limits (i.e. counterfeiting, trimming, etc.). So let's hear how you would do it on the up and up. I look forward to hearing the wide variety of ways this could be done.
jbox
0
Comments
-grade 400 of the best... $2,000
-supplies... $250
-buy Vintage Lots in PSA 8... $2,500
-crack and resubmit 50 of those 8's for a bump $250
=Double your money in 3 months...
"Live everyday, don't throw it away"
<< <i>Quickly equals Risk to me
I would take a shot on a variety of different ungraded 1975 and prior wax packs, rip them... hope for PSA 9's and 10's and HOFers.
I would push ALL IN on wax and a prayer! >>
I would love to do this but a recipe for disaster! LOL I think the odds would be about the same as buying a lottery ticket and going for the big prize
Buy as many 2011 bowman chrome Eric Hosmer auto cards as possible. Would have cost no more than $200 per card raw.
Then sell today, they are going for around $650 per card raw.
They only problem is you would have needed to buy 50 of them to get to $10,000, and they were pretty scarce over the winter. Now with the high prices a lot more are coming out of the woodwork.
Something else that many do and are successful are buying and breaking high grade vintage sets. A TON of work involved with that.
You can always look and try to get steals from auction houses then flip. Works well with pre-war if you know what you are buying and what you can get for it. Most of those guys buying the pre-war stuff for resale already have buyers and know what they can get for prices so they have less risk. So with no clients, it can make it a bit tougher. I would say the same with auto'd items in auction houses.
T222's PSA 1 or better
<< <i>Then sell today, they are going for around $650 per card raw. >>
Temporary insanity and is simply th IT rookie right now.
We wont talk about basketball or football but strictly baseball and players that brought high prices when we(collectors and investors) put them in the Hall of Fame after a few hundred at bats. I'm sure the high on the following cards were up inthe stratosphere. The following were on fire and were once trading for over five hundred bucks. They are not slouches either.
2002 Bowman Chrome David Wright
2003 Bowman Best Ryan Howard
200 Ultimate Collection Prince Fielder (May still be up there in price with his new team)
The following were a couple hundred at their high point and can now be had at half that price
2002 Bowman Chrome Joe Mauer
2003 Bowman Chrome Hanley Ramirez
2003 Bowman Heritage Insert Robinson Cano
200* Bowman Chrome Evan Longoria
2007 Bowman Chrome Tim Lincecum
Looking at the above, I'd suspect speculators artficially drive up prices, flip them, with collectors the ones ultimately holding onto them. You'll also see the set to bust cases on annually and grade are the Bowman Chrome cases.
When it happens it will be a sad day, but you will also be able to sell everything in a day or two for a huge profit.
It's only 5:05 and I'm drunk. Haven't drank in a while
Dave
Fastest way i know of to double your money !! Or lose it !!
Steve
<< <i>Buy every Stan Musial and/or Yogi Berra Auto you can. Due to their age, the unfortunate is comming.
When it happens it will be a sad day, but you will also be able to sell everything in a day or two for a huge profit.
It's only 5:05 and I'm drunk. Haven't drank in a while
Dave >>
Good 4 u!
Whatcha drinking'?
"Live everyday, don't throw it away"
<< <i>
<< <i>Buy every Stan Musial and/or Yogi Berra Auto you can. Due to their age, the unfortunate is comming.
When it happens it will be a sad day, but you will also be able to sell everything in a day or two for a huge profit.
It's only 5:05 and I'm drunk. Haven't drank in a while
Dave >>
Good 4 u!
Whatcha drinking'? >>
Heineken
I also have some Fosters, it's Australian for BEER.
Dave
<< <i>
<< <i>
<< <i>Buy every Stan Musial and/or Yogi Berra Auto you can. Due to their age, the unfortunate is comming.
When it happens it will be a sad day, but you will also be able to sell everything in a day or two for a huge profit.
It's only 5:05 and I'm drunk. Haven't drank in a while
Dave >>
Good 4 u!
Whatcha drinking'? >>
Heineken
I also have some Fosters, it's Australian for BEER.
Dave >>
I've been to Australia and the funny thing is Australians don't drink Fosters....but I'll have one for you tonight!
Paul
https://www.psacard.com/psasetregistry/pdub1819/othersets/6204
<< <i>
<< <i>
<< <i>
<< <i>Buy every Stan Musial and/or Yogi Berra Auto you can. Due to their age, the unfortunate is comming.
When it happens it will be a sad day, but you will also be able to sell everything in a day or two for a huge profit.
It's only 5:05 and I'm drunk. Haven't drank in a while
Dave >>
Good 4 u!
Whatcha drinking'? >>
Heineken
I also have some Fosters, it's Australian for BEER.
Have a shot or 5 of Patron for me. I might have a few tonight. Friend from Florida is up, gonna break into a bottle of Caymus too!
Dave >>
I've been to Australia and the funny thing is Australians don't drink Fosters....but I'll have one for you tonight!
Paul >>
"Live everyday, don't throw it away"
but you need to do you research.
There are a couple sellers on ebay saying there's not as many out there as they first thought.
Usually on Bowman Chrome auto's, there are quite a few just regular auto cards, then 500 refractor autos, 150 blue refractor autos, 50 gold refractor autos, 25 orange refreactor autos, 10 purple autos and the one superfractor.
With Hosmer they are saying there are only 250 regular chrome autos, no refactor autos and no blue refractor autos. They may be right because I haven't seen any refactor or blue refractors for sale on ebay. I have seen the others.
I wish I would have known sooner, I would have bought as many as I could, I only bought 1 over the winter.
<< <i>-5 cases of 2012 Bowman Baseball... $5,000
-grade 400 of the best... $2,000
-supplies... $250
-buy Vintage Lots in PSA 8... $2,500
-crack and resubmit 50 of those 8's for a bump $250
=Double your money in 3 months... >>
Joe
<< <i>penny stocks nuff said
but you need to do you research. >>
Pretty sure he asked what the quickest way to double the money would be by buying and selling CARDS ONLY. I like Micronlegacy's system of busting and grading. Its fun and can also be profitable.
<< <i>1. stay the frick away from someone asking the question
2. stay the frick away from someone asking the question, that inlcudes the 'up and up' words in the inquiry
3. stay the frick away from someone asking the question, that includes the'up and up' words in the inquiry on a baseball card site message board.
4. stay the frick away from someone asking the question, that includes the 'up and up' words in the inquiry on a baseball card site message board that looks forward to the wide variety of ways.
My advice, to double 10k asap, do go illegal in whatever variety way wou brought this up for. >>
Great post, thanks.
<< <i>
<< <i>1. stay the frick away from someone asking the question
2. stay the frick away from someone asking the question, that inlcudes the 'up and up' words in the inquiry
3. stay the frick away from someone asking the question, that includes the'up and up' words in the inquiry on a baseball card site message board.
4. stay the frick away from someone asking the question, that includes the 'up and up' words in the inquiry on a baseball card site message board that looks forward to the wide variety of ways.
My advice, to double 10k asap, do go illegal in whatever variety way wou brought this up for. >>
Great post, thanks. >>
Yup definitely the best I've seen in awhile... WTF?
"Live everyday, don't throw it away"
go to Vegas and let it ride on the roulette wheel - red or black whatever strikes you.
MULLINS5,1966CUDA,nam812,nightcrawler,OAKESY25,PowderedH2O,relaxed,RonBurgundy,samsgirl214,shagrotn77,swartz1,slantycouch,Statman,Wabittwax
To be honest, no direction, but...
1966-69 Topps EX+
1975 minis NrMt Kelloggs PSA 9
All Topps Heritage-Master Sets
Few others NLY, GOOD, RNDY... Check out these too!
"Live everyday, don't throw it away"
<< <i>
<< <i>-5 cases of 2012 Bowman Baseball... $5,000
-grade 400 of the best... $2,000
-supplies... $250
-Is this for real? How can you get cards graded for $5?
<< <i>
<< <i>
<< <i>-5 cases of 2012 Bowman Baseball... $5,000
-grade 400 of the best... $2,000
-supplies... $250
-Is this for real? How can you get cards graded for $5? >>
Last month for a 100 or more baseball it was actually only $4.50/ card.
"Live everyday, don't throw it away"
So I would do football right now.
I would buy a lot of Andy Dalton high end rookies. The Bengals are set up to be a pretty good team with all their draft picks. He has a great WR and a good TE. This kid seems to have his head screwed on straight.
If my goal was to double in a short period this would be my move.