One Item I omitted. TCGP has a $50 cap per transaction so effectively any sale of a product over $500 has no incremental fee. Thank you to our discord for pointing that out.
Also a CPA that collects pokemon! Spot on analysis. I've been collecting pokemon for over a decade now. Only card I have sold to date was a PSA 8 1st Edition Charizard. Lets just say that sale paid for the rest of my collecting :D
When people compare it to stocks it's not that they are the same its that it does better most of the time. So even if you sell at 80% you still did better. As for selling yeah only sell when it's hot and save some for later. The issue most have is how will I pay my bills if I dont sell. This is a investment game not a quick flip game. Let pokene sell millions in products only to make 250k too look run down.
Good video. Kind of surprised you didn't bring up long term vs short term capital gains tax when selling collectible products. Might as well have it sit around for at least a year to get the better tax rates.
I didnt feel the need because if you are cash basis as an individual (almost everyone is) you can offset your purchases against your sales so you should never have a tax liability until you liquidate your collection and stop buying.
This video is eye opening I have abt 50k in sealed and always think abt if I should sell my items I have atleast 70 percent of product that's already double or trippled from purchase and wonder like my evo skies etbs I bought at 60 to 80 each there abt 220 now the likely hood of them going to 440 is there but how long will it take you know if I buy something else I will be able to get more gains , I'm just not sure shoot from not selling i have Gained alot this year no ripping just consistency investing but not everything goes up forever bear market will come
Selling winners and keeping losers is the worst idea. You give an example of selling es at $400 but imagine holding losers like da, vv, battle styles… yikes
Wait the dude that sold product $35 under market to pay $35 over market for other investment is still around making videos? Take your CPA out of Pokemon. You failed admit to it and keep it moving.
One Item I omitted. TCGP has a $50 cap per transaction so effectively any sale of a product over $500 has no incremental fee. Thank you to our discord for pointing that out.
The first 3 mins is a much needed reality check for so many people…including me tbh
Hearing you are a CPA adds tons of credibility… subbed
CPA reduces credibility tbh
Merry Christmas 🎄🎁
Always appreciate the great information fella! Merry Christmas again!
Appreciate the insight man, great vid as always!
Its a little long but a bunch of topics that all belong together. Thank you!
Also a CPA that collects pokemon! Spot on analysis. I've been collecting pokemon for over a decade now. Only card I have sold to date was a PSA 8 1st Edition Charizard. Lets just say that sale paid for the rest of my collecting :D
Unlucky bro. X
When people compare it to stocks it's not that they are the same its that it does better most of the time. So even if you sell at 80% you still did better. As for selling yeah only sell when it's hot and save some for later. The issue most have is how will I pay my bills if I dont sell. This is a investment game not a quick flip game. Let pokene sell millions in products only to make 250k too look run down.
Good video. Kind of surprised you didn't bring up long term vs short term capital gains tax when selling collectible products. Might as well have it sit around for at least a year to get the better tax rates.
I didnt feel the need because if you are cash basis as an individual (almost everyone is) you can offset your purchases against your sales so you should never have a tax liability until you liquidate your collection and stop buying.
This video is eye opening I have abt 50k in sealed and always think abt if I should sell my items I have atleast 70 percent of product that's already double or trippled from purchase and wonder like my evo skies etbs I bought at 60 to 80 each there abt 220 now the likely hood of them going to 440 is there but how long will it take you know if I buy something else I will be able to get more gains , I'm just not sure shoot from not selling i have Gained alot this year no ripping just consistency investing but not everything goes up forever bear market will come
When you buy a house, a realtor will include your stocks and mutual funds as part of your assets, but not your expensive pokemon cards.
🤣That realtor hasnt watched Pokemon YT!
Selling winners and keeping losers is the worst idea. You give an example of selling es at $400 but imagine holding losers like da, vv, battle styles… yikes
Wait the dude that sold product $35 under market to pay $35 over market for other investment is still around making videos? Take your CPA out of Pokemon. You failed admit to it and keep it moving.
Why are you so angry? its the holiday you should be enjoying life!
pokemon doesn't compare to s&p thats true cuz iits better
If true, that's not a good thing.