BF2S Forums Good things that have happened in your life lately

I know a married couple who dress up as hamsters.

They don't go out of their home while in character, thankfully.

Its not my parents.

Scored 80% on a business audit with one of our largest customers. Feeling pretty good about that. Been working on it for about 6 months.

Refinancing my mortgage down to 2.75% interest. It's gonna save me about $165k over 30 years. Not too shabby.

The smart thing to do would be shorten the term, thats where most of the cost is.

uziq wrote:

yeah if you’re making good money i don’t see why you’d have a mortgage > 25 years. 30 year mortgages themselves are a very recent thing here in the UK, mostly because of depressed wages and spiralling house costs.

Options in the US are 15 year or 30 year. I plan to keep making the same monthly payment I'm making now, which will save me an additional $60,000 and shorten it to 23 years.

The true playas are looking at the mortgage interest rates being so low and taking the cash they could dump into an illiquid asset and seeking other investments that return more than the interest rate on the mortgage. Not all debt is bad debt if it frees up assets for investment. Hit me up when you're ready to drop the Porsche rag top.

Last edited by Pochsy (2020-07-01 04:54:50)

the same thing happens with record collecting. if you're 'involved' in the scene and know which boutique/limited run labels are 'hot', you can buy up their new releases and re-sell them pretty easily for 2-3x the profit. you need a decent awareness of where the trends are going, though. and then there's the usual 'classics' and 'originals' that are slowly appreciating in value whilst stored somewhere in a perfect temp/humidity-controlled room, wrapped in 4 layers of cellophane, etc etc.

i sold a record for $550 once. that's my best one.

Last edited by uziq (2020-07-01 06:17:08)

i mean, a card of that rarity/worth is probably appreciating more than your stocks.

what causes them to suddenly crash? it's not like there's any disruption in supply or demand.

i wish i'd kept my first-generation pokemon cards. i had a whole ring-binder full of the shiny ones from the very first batches, riding on the first wave sorta thing. out of pretty much nowhere that ballooned into a collectibles' market a while back.

Pochsy wrote:

SuperJail Warden wrote:

I bought a $160 Magic the Gathering Booster Box. These are the most expensive cards I got. The Mana Crypt is $150. The Demonic Tutor is $45. The Sliver is $15. Elesh is $20, Expropriate is $22, and the Godzilla is $18.

I also got 360 other cards of varying valuable. Altogether about $400 worth of cards from the box.

That's awesome. Do you try to follow the 'investment' side of the hobby and track prices and set price targets for divestment? I have a couple of friends who swear by it and make some pretty decent returns. Issue of course is when you get into sealed product you have to store those fuckers somewhere, and it ends up being that a $200 bill is a foot long box in your basement. To me that's less than ideal.

I don't try to resell or trade anything. I only follow "MTG finance" when I go to buy something or open up something I bought. The collecting is for my own amusement. I trust collectibles investing even less than the fake numbers on Wall Street. 

"When Investing in Magic The Gathering Boxes GOES HORRIBLY WRONG"

Pochsy wrote:

Interesting that there's a youtube channel dedicated to the investment side of Magic. I checked out a few of the other videos and wonder if there's hidden benefits to the returns this youtuber says he's getting. In one video he claims 6-7% a year is 'decent', and I imagine he's not reporting the profit as capital gains. He's wearing a shirt with "Alpha Investments" on the breast, though, so maybe it's a business he's running.

What a niche world.

He owns a comic book store with a basement and loading dock to store and move a lot of boxes. He owns a bunch of old and high value stuff too. He also runs a sold out Patreon. Between all of that plus YouTube revenue, the guy is probably doing well even if it's just as a scam artist/niche YouTube celebrity.

I don't watch his videos but just know of him. His videos encourage gambling on boxes and hoarding. And I don't need that in my life.

Last edited by SuperJail Warden (2020-07-01 10:18:08)