I Just Invested $24,493 On Pokemon Cards
I wanted to learn how to start investing in something other than stocks - so I just spent $24,493 on Pokemon cards.
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I love investing, and I've been investing a lot of money over the years with apps like Robinhood, WeBull, M1 Finance, Vanguard, etc. with a large focus on dividend passive income as well as real estate. Today I wanted to try investing in something else so I invested $24,493 on Pokemon cards.
In the year 2020 pokemon has probably been one of the best performing asset classes that you could have invested your money in. It all started with this guy, Logan Paul - who is one of the biggest YouTubers around who somewhat recently got into pokemon. As a result of his videos, the hobby has skyrocketed in price especially when he published a video of him bidding on a $200,000 box of pokemon cards which he did a live opening for on his channel: • Opening The $200,000 1st Edition Poke...
Back when Pokemon was released a box like the one Logan opened retailed for around $150 which is a growth of roughly 133233%. That would have been a great investment if you had bought it at the retail price. However, Logan didn't open his packs, instead - he sold 35 of them for $11,000 a piece and kept one for himself giving him a 385,000 profit, and over a hundred thirty thousand for the national alliance and mental illness foundation. My friend Graham Stephan bought one and got a 1st edition Gyarados (last sold for $13,000 as a PSA 9)
So here is how much money my investment made so far from buying these pokemon packs a few weeks ago. I could have bought an entire booster box which has 36 packs, but that would only give me 12 holographic cards and the cheapest one now is selling for 36k on eBay so I’d say I’ve got a good deal for this stack of 15 (guaranteed holographic cards) - especially If I can pull a Charizard and get it professionally graded as a PSA10. A card like that last sold in October for $16,726. The odds of doing that are 1 in 16. So far I can already sell these packs for a profit because I even though I bought each one for an average of $1,500, they’re already selling for between $2,550 to $4,200 for the same heavy packs with a guaranteed holographic card. This means my original investment cost me $24,493, but is now technically worth between $37,500 to roughly $60,000.
I plan on opening these pokemon packs if I ever reach one million subscribers here on this platform. As soon as I do, I will live stream the event with my parents.
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
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