10 Sports Card Investing MISTAKES I Wish I Knew Sooner (HARD LESSONS!)

Speaking on other football players beyond quarterbacks .. I think the whole "Jerry Rice" and "Deion Sanders" cards being popular is fairly new .. kind of like "Hakeem Olajuwon". Hakeem has been the bottom of the barrel since forever .. I think it has something to do with the new generation looking back and deciding who they think is worthy. All I can say is "It's about time!" lol Great content guys!

Sad how some of the great players get no love. I believe i have done all the wrong moves but I am learning from them now. lol

Love seeing TPott on here. But let's be serious, you made him come on to save you paying a guest because he cost you 800 dollars rippingwax. Lol

We should start a petition to have Daryl strawberry inducted to baseball hall of fame

Like my uncle says, he only invest in Michael Jordan because Michael Jordan is only gonna go up in price and never go down so his whole collection is nothing but Michael Jordan and he made a great point with that

I started collecting in 1979 and figured out everything you had brought up in this video back in the early 2000s, so I've had some good laughs watching you make bad decisions over and over again over the past few years. That being said you sound like your not fully there yet with comments like thinking there are 2 or 3 QBs out there right now that will be the next Mahomes. The odds of that are probable less then 1%. I collect only the top 20 to 25 players from 1980 to current and haven't pulled the trigger on one of the current superstar studs that came into the league around 8 years ago and has been an all star every year & his cards are now worth half of what they once where, so no rush to add and him but once I feel he's worthy of being in my collection I will grab one at its true value when his career is on its downside.

I literally stopped buying in August ... the amount of money I spent vs the value was a net negative investment for me. Now, I WILL continue to collect those items that I like that I will always keep, but chasing rookies (oy vay! Wander Franco!), and trying to get autographed cards (ya.. I never get Ohtani, I end up with the Bombo Rivera's of the league!) never works out for me. That said, I'm smart enough to not drop $10,000 for a box of cards. That truly is gambling. I think the hobby is about to hit a wall ... prices will crash, especially with what's going on in the economy.

this is why you invest in pokemon cards 😂😂😂

Idk, I made a few hundred bucks grading and selling some of my junk wax. A few PSA 10s of Bo Jackson, McGwire, Etc…I’m happy

I only buy cards that if I can’t sell them, I’m happy to own them long term.

Investing in cards is mistake 1. it’s backbone is hobbyist hobbies get cut when money gets tight. Real estate, precious metals market that’s investing.

#1 Rule Timing is Everything. A $8 Kerry carptner auto #/150 from 23 chrome plat .i had was able to sell for $55 because I listed it within 1 minute after he hit the homer that won the tigers game three against the Mets. That card now is back to ten or lower, Topps update in 2024 that are selling in the first week after release are going to be artificially high, worse time to buy but right time to sell

QBs stink for long term profit, look how much Geoff invested in T law

I said from the beginning kenny picket wasn't going anywhere but omg the money people were spending on steeler card breaks was crazy

Joel embiid went dirt cheap after a season or two. Picked up a gold prizm pulsar Rc for 40$. Today with the print counts and wax prices , you’re not going to see many 10-20x increases.

Appreciate the content for newer folks

I am an Accounting Manager for a manufacturing company. Always validate new bank transactions via phone call. Geoff should have called the shop directly to validate the transaction was legitimate.

I’m trying to buy some of Brady serial numbered rookies, long term I think I’ll be fine.

Very valuable info, thanks.

What about all the money lost from the hype hustlers like these fools pushing cards in an industry they dont understand. These people are net negatives on the hobby..

Love videos like this, I think it really helps the community. Me personally follow a few rules for my collection…. When “investing” I look at guys that are 8+ years into there career and show hall of fame potential( Arenado, Altuve, etc), when buying vintage( collecting), I buy the highest grade I can afford( 80’s are all psa 10’s with a few exceptions, 70’s are psa 8’s, 60’s psa 6, etc), finally, worry less about the profit and get more of what you love ( Tebow for you, low monetary value but huge return in joy of looking at your collection) great video fellas

Geoff lit the TEA 🍵 🫖 POT now it's getting HOT 🔥.. "The wise adapt themselves to circumstances, as water molds around the Teapot 🫖 " .
learning and adapting to change is a key part of being wise.

I look at collecting cards as a hobby and something i do for fun. So I don't spend much money on it. However. I hit something big, mabey I reinvest or just pocket the profit. But as far as investing to turn a profit, ehh, better ways than card collecting for sure

Thank you for this video. My experience and education has made one thing very clear, and we all know this, but often forget to keep it in mind when we make investment decisions: DEMAND. The #1 factor that drives the cost of anything upward is demand. We tend to solely focus on the brand/player, but forget to factor in demand. Suppose I present to you a high end, genuine Rolex watch with a current FMV of $10,000, and tell you “I am willing to sell you this Rolex for $7,000.” Your brain would immediately think “$3,000 below FMV? This is a good investment. I will pay the $7K, turn around and sell it for $10K for a quick $3K profit.” What makes you believe you can actually receive $10K for the watch? Because your due diligence told you that the watch’s FMV is $10K. But what if nobody wants the watch? It’s not in demand. Would you still be able to sell it for $10K just because your due diligence led you to believe its FMV is $10K? The only way you would still be able to sell for $10K is if there are people out there who are in the market and looking for that watch and willing to pay $10K to own it right now. People tend to only see the product and convince themselves the item speaks for itself, so it must have value and demand. You would say “it’s a freaking Rolex. How can I go wrong?” But you can. One way to check for demand for a particular card is checking to see how many bids a particular card receives during an ALT/PWCC/Goldin/Heritage auction. For ex., Mantle cards in high grade almost always receive lots of bids. To me, that indicates that Mantle cards are in high demand. Same thing with 1990’s MJ inserts. Check for demand and not your gut feeling about a particular prospect. Demand drives prices up. Electric cars are now cheap and car makers are offering great lease options. Why? Because demand for EV’s dropped in 2024….but they are great products. The product/good never speaks for itself in terms of FMV and upside potential. It has to be in high demand for the price to appreciate. Also, a good lesson I had a hard time with is selling while demand is high to lock in a profit. Don’t fall in love with a product and think “it’s going to continue appreciating in value, so I will hang on to it for another season” if your original intent was to sell the card for a profit and not keep it in your PC for the long haul. Sell quickly once it goes up, even if the profit is not as substantial as you had anticipated. A small profit is better than a large loss.

FUNNY THEY SAY "OVERPRINTED JUNK WAX" FROM THE 80'S AND 90'S. WHAT THE HELL DO YOU THINK IS HAPPENING TODAY? THIS IS EASILY THE NEW JUNK WAX ERA. MAYBE EVEN WORSE.

#1 mistake is listening to other people

I have always treated this as more of a hobby and less of a investment.

This is why alot of modern cards are super inflated...., most of the players havent achieved anything yet and most likely wont yet they are priced higher than HOFmers.

Steal from people #1

#1 mistake is spending more than what you can afford. I know people with huge credit card debts chasing cards and breaks. Stick to a budget and just be patient for deals.

I agree with the part about people thinking every/any error is worth a fortune. Ask them, "would you pay $500 for this error card? No? Then good chance no one else will either."

I agree with focus when collecting. I was guilty of trying to collect tons of rookies and cool cards and basically anything I liked at that moment and thought was a good deal. I quickly learned that I spent a lot of money on stuff I either didn't want or wasn't worth that much later on or both. I collected players who were on my favorite teams at that moment, but then once they left or were traded, my emotions towards them usually changed fast. Thats why I started collecting players that I really liked and those that my feelings towards them would not change if they moved to a different team.

Rule #1 Don't listen to a thing this grifter tries to sell you. He's a poser that wants to separate you and your money.

Geoff go to more small shows, no one is putting a downtown set together lmfao.

Thinking sports cards (modern/ultra modern especially) are actual “investments”.

Without true collectors these cards are worthless. It’s game over when real collectors decide enough is enough. The gamblers and flippers won’t have anyone to sell to

I'm stuck with 30psa9s and then the 10s hit the market.

Jalen Williams will be the star of OKC this year.

Great advice from top to bottom here. Real talk all the way through.

buy the tay tays which will perform better than any sports bro over the long term 🤔🤔

I buy wax to hold (never open) and HOF rookies and HOF autos - nothing else is worth buying in my book.

The beginning is to zesty

I bought my Ohtani RC the day they went to the WS.

Shadeur Sanders 30+ year GOAT Prediction 😢😅

Football is tough 🏈 because one second your Star QB is ok , then next play he's laid out on the turf and his season career could be over, its risky stress

Trevor Lawrence will take over..

Just getting back into it after a 15 year break; from the year I've been back you can really see how the MLB cards seem to hold value better and the NFL cards just cant. I had 20k football cards from when I was a kid and they dont touch the 5k mlb cards I had.