Agenda Summary: Hobby implications of Social Distancing, and Investing.
Guest: Brian Hayes
In this episode, we share our thoughts on how we think Social Distancing has impacted the hobby and how these outcomes have impacted the investment market.
Pronounced Green-oh. Patrick has a BA in Psychology, a BA in Sociology, and an MBA from the University of New Mexico. He also has a Project Management Certificate from UCLA Extension. He has lectured in Internet Marketing at the David Nazarian College of Business and Economics at California State University, Northridge. He is the author of, Student to Founder: Secrets to creating a student organization in college and starting a business after graduation. He has been interviewed on Good Day New Mexico and in Albuquerque The Magazine. Patrick is a frequent speaker and panelist at universities and events where he shares his insights on leadership, technology, and marketing. He's been a baseball card collector since 1987, and is the Founder & Principal of www.radicards.com | Visit the store
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Cards as an investment, “In My Opinion” Cards are a collectable not a commodity or stocks, cards are mostly bought via an emotional tie, like art, Gold is a universal measure of Money, silver is and industrial metal based on supply and demand, silver is much easier to mine today than 50 years ago when it was more precious due to mining technology then. people don’t need cards, they need things like Orange juice and corn etc… stocks are investments in to a company that should provide a better way of life, we all want that, so 10 k in a diverse stock portfolio will always be better than 10 k in cards unless you get lucky and find a Mantle at a garage sale, Card companies can always print as many cards as they want, at the end of the day the HAPPY Collector is the set builders, team collectors p.c ers, for the investor only folks , all it takes is a few bad or un lucky buys to keep you from the real joy the hobby can bring life long, “Buy what you like” invest in yourself,
Hi Dan,
Thanks for the comment. An investment, in its very essence, is something acquired with the goal of generating income at some point in the future. It doesn’t matter what you’re buying. All that matters is the potential to make money from what you’re buying. If you buy a card today for X amount of dollars and sell it at some point in the future for some Y amount of dollars and make a profit, that action is considered a good investment. So cause and effect, trading cards, like anything else with value fluctuations, can indeed be investments.