Great success story... thx for sharing. And thx also for sharing the article - it just blows me away that I agonize over a $1k spend on a 110 year old Nap Lajoie card and this article talks about how you could have bought a Luka Doncic card 10 months ago for “only” 20k
It just seems insanely risky to me to spend that kind of money on a card that was produced just a few years ago on a player that might, someday be an all time great.... or not.
To each, his own I guess.
Quote:
Originally Posted by savedfrommyspokes
For years(late 90s-2011), I was a PT dealer who strictly bought to resell to fund my collection. My collection grew exponentially in these years as I prospered as a reseller who reinvested all of my profits into my collection.
Fearing a downsize at my last job (I was correct) in 2011, I convinced my spouse to go FT with selling cards. Have not looked back and enjoy every moment.
To answer the quote above, yes I still collect, but my system to collecting versus selling is simple....I use my CC/ebay rewards to fund my collecting so as to not intermingle business and collecting funds. Yes, from time to time I may pull 1 card out of a 1000 card deal to keep for my collection, but my resell purchases versus collecting purchases are mostly always kept separate. My goal as a reseller on a purchase is not to add to my collection, but to show a profit so I can provide an income for my family.
Interesting article that came out a few days ago in regards to taxes on collectors profits.....
https://www.sportico.com/law/analysi...es-1234616166/ |
11-11-2020, 10:51 AM
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