Dear Rudy: I am borrowing $100,000 against my house for MAGIC

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This is the Largest UNAPPROVED / UNSPONSORED / UNCONTROLLED Magic The Gathering Channel in the world filled with Greed Monsters, Evil Investors, and ....3.696969% Women
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Опубликовано:

16 авг 2020

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Комментарии : 437

@gunm808 3 года назад

"Dear Rudy, should I invest money I don't have, leveraging property I don't own, to speculate on pieces of colored cardboard that might not have any value in the future?"

@jonathantillian6528 3 года назад

Yes, yes, yes. and an extra yes just in case.

@randomsanctum 3 года назад

@@brokengames9020 Broken Games is Broke n' Salty in plain sight.

@dave3823 3 года назад

How much different is that from some of the crap that hedge funds and Wall St are doing?

@salmanchaudhri1493 3 года назад

Well said

@democratsaretrash9366 3 года назад

Eh.. can't imagine buying a ton of boxes for resale and losing even 20% after interest. At worst you'll lose in the interest only. Chances are any sealed product will give you a 150% return on each box before interest. But like Rudy said.. to put up 100k to hopefully make 150k isn't worth the risk for the reward.

@formantaudio 3 года назад

lol damn I thought I was risking it all by buying a luminous moth instead of lunch last week

@fsmoura 3 года назад

You're in a good path, but you need to go bigger. What you want to do is do a buyout and buy 10,000 luminous moths.

@Don-dk6dl 3 года назад

LMAOOOOO

@Ethan-pd7nu 3 года назад

Next video: Dear Rudy, I lost everything and moved into my parent's house.

@s_murph7299 3 года назад

Jokes on you. I borrowed against that house too

@Rorschachqp 3 года назад

Parents’ house? HELOC II, Electric Boogaloo

@jessoftherocks 3 года назад

Basement..parents basement..and.its unfinished as well

@lucaslahlum6331 3 года назад

Ethan, my man. You got me to laugh so fricken hard. I was cackling.

@MrDjLonghair 3 года назад

@@s_murph7299 lolz. Yes buy all the Dragon mazes!

@zerokidd21 3 года назад

Just when you think the Timmys couldn't get any more timmier.... Awww shit here we go again.

@Ecktor 3 года назад

It’s a slow game yo

@MrDjLonghair 3 года назад

If I had a house to do that with.. lol ultimate Timmy!!

@franciscoholdman929 3 года назад

Ecktor fr💪🏽

@randomsanctum 3 года назад

@@brokengames9020 Broken Games is Broke n' Salty in plain sight.

@siege_sensei 3 года назад

Lmao @ Random Sanctum being so salty he's responding to Broken games on every post. He must have struck a nerve lmao

@jonathantillian6528 3 года назад

What?! My wife told me we could only use our heloc to remodel my kitchen and baths... I could've gotten _Magic Cards_ ? Oh, it's discussion time now...

@silverwolf6866 3 года назад

When you having people borrowing $100,000 against a house you know that is an indicator the top is near and peak fomo is upon us. It is like clockwork in every market.

@cbrpnk1789 3 года назад

Yes but is this pre-peak or peak-peak. Pre-peak we can still make money!

@billescavava 3 года назад

This is what you do. Borrow $100000 from the bank and invest it all in hard shell tacos. Remember it has to be hard shell. Then put them in a box and wait 2 to 3 years for your investment to mature. Then sell for massive profit. I heard from an inside taco distributor that tacos are going out of print later this year.

@MrDjLonghair 3 года назад

Legit!

@jakubodvarka6912 3 года назад

mmmmm, reserved list foil tacos. imagine the smell.

@sodeep0791 3 года назад

Regular or Nacho or should i get both to diversify?

@beerasaurus 3 года назад

That's a solid Wolverine hair cosplay.

@imGrisky 3 года назад

You sir, are hilarious

@Shutchohole 3 года назад

He needs to cosplay some "Burns" to complete the look...

@ericlecarde 3 года назад

69 likes... don t you dare to give it another like

@bennettniizawa7200 3 года назад

It could literally be a house of cards!

@michaelmontalto 3 года назад

I thought this response was fair, well thought out, well articulated and good advice. Good stuff.

@fsmoura 3 года назад

*HELOC: the Borrowing*

@mothmanmedia8511 3 года назад

Amateur Magic the Gathering Investors Ask the Question, “Is it worth it to borrow against my house for sealed boxes of Dragons Maze?”

@MrDjLonghair 3 года назад

I just made a similar comment! I should have invested and scrolled down

@shannongerbes 3 года назад

@@MrDjLonghair Yes

@MrDjLonghair 3 года назад

@@shannongerbes you caught me lol

@MasterP86 3 года назад

*YES*

@deserteagle6937 3 года назад

Wow! Never seen Rudy be so serious and concerned before. I hope the gentleman this video is for appreciates the excellent and heartfelt response. Cheers Rudy 🙂

@ocm6382 3 года назад

You should check out the video where he ranted against the guy taking out $30k in credit card loans to buy MTG cards

@rofustus24 3 года назад

I thought I was crazy buying a set of shock lands for commander

@nordicmaelstrom4714 3 года назад

You're only crazy if you play all those shock lands and actually shock yourself in the same game :D just play five colors and call it suicide black!

@dogdriver70 3 года назад

wastrel

@eddiekalista3222 3 года назад

I'm proud of myself. I read the title, and knew exactly what your take on it would be. You don't endanger your living situation like this.

@MadolcheGabbana 3 года назад

Overhead; shipping, packaging, theft, being scammed, product damage in storage, etc. competition against others in the market, external influences, etc. etc. A lot to weigh out and consider.

@marcmarc1967 3 года назад

Yes. He always says "that's another discussion" but he never actually has that discussion. I'm assuming this is because he would turn off patrons from investing, which would reduce his monthly sales of sealed boosters.

@doritos-r6 3 года назад

WOAH WOAH ... dude doesn't know his interest rate on a loan/ credit line he signed for ..... this is like when i was in the navy and kids were buying cars at 27% interest .... yikes

@josephberger699 3 года назад

Cars? I think you mean dodge chargers.

@doritos-r6 3 года назад

@@josephberger699 32 inch lifted 5 year old Ford 350 35000 @ 23% APR

@geoffreythomas2022 3 года назад

I don’t believe putting money into different MTG products would be considered “diversification.”

@BBradshawProductions 3 года назад

Magic is a pump and dum scheme.

@randomsanctum 3 года назад

@@BBradshawProductions Are you related to Broken Games? Lol

@siege_sensei 3 года назад

You must be related to Brain ;)

@fsmoura 3 года назад

Good move. With luxury cardboard going up like crazy, you wanna hop aboard the gains train. Make sure to max a few credit cards too, for good measure.

@stevebrule3526 3 года назад

Good stuff, I’m usually not as attentive for your videos in this format but with my house burning down right now it seems a lot more relevant.

@Buckeye2013 3 года назад

Remember, when it comes time to sell your collection. Guys like Ruby will give you 50 cents on the dollar for your cards. Selling 100k in cards individually on eBay or tcg would be a complete nightmare. 10% eBay fees, 10% fraud/scammers, 5% shipping, 6% interest etc... overall horrible idea

@matthewmcbeth4099 3 года назад

Exactly. Selling can be as hard as pulling teeth at times.

@pattyd.fissure1049 3 года назад

Ruby!! You’ve bloody broken me 🤣

@GeorgiosD90 3 года назад

By definition a collection is not a collection if it is for sale. Anyway, mtg collections are like stamp collections, worth nothing to anyone who doesnt care and worth as much as other people are willing to give.

@LoftyLazerus123 3 года назад

Rudy has never endorsed borrow to buy. Why would this be different?

@delbomb3131 3 года назад

Well not only has he endorsed it, but does it with all of his purchases. Primary difference is that he has the capital in reserve if necessary. Gotta go back and re-watch the wolf of magic series.

@corporalkills 3 года назад

This is good information in general. I don’t know much about economics but I find this a helpful video.

@TheGaryDaniel 3 года назад

Banker here: Most HELOC rates are not based on LTV (loan to value) like Rudy said, it’s actually based on 4 main things, your credit score, prime rate, relationship history with the bank, and most importantly the line available credit limit. The larger the line available credit limit, the lower the possible rate. The reason for that is so the lender can persuade to open a higher credit limit, for the possibility of the borrower to use more and pay them more interest.

@randomsanctum 3 года назад

All for collectibles, which are investments in plain sight.

@matthewmalovich64 3 года назад

Rudy, these money talks are always the best, it’s like a free university lecture on economics and I love them!

@wesleyrissell8508 3 года назад

Rudy Taleb's black swan example was about back in the day whe something was impossible, they would say its like seeing a black swan. However when they did more exploration in Australia, they found that there were actually a type of swans that was black. But it still holds the same meaning. I just remember it because Talebs book was one of the first "investing" books I've read.

@7Alberto7 3 года назад

Thank you Rudy amazing video amazing lesson,seriously,thank you for making us learn

@Arankchess112 3 года назад

I'm borrowing 1 million dollars on credit cards to invest on Rudy T shirts

@MrDjLonghair 3 года назад

Legit!

@EvilDMJosh 3 года назад

Been watching your videos on and off for a few months and really really enjoyed this video. It would be fun and educational to have more informative videos like this with MTG as a vehicle to teach.

@robinsheridan7164 3 года назад

Well, at least Mystical Games had the decency to contact you to tell you about it...

@infamousgerald 3 года назад

should have done that 4 months ago

@dominoautonomy4750 3 года назад

That thumbnail has serious David Lynch Eraserhead energy.

@gettingwreckedwithsbmtg1bo582 3 года назад

Don't ask questions, get the loan and go crazy!

@blaze556922 3 года назад

I learn so much from you Rudy. Seriously

@StarcraftGT500 3 года назад

For me, the biggest risk of investing in sealed magic products is, not opening every single last pack. I can see it now, my wife walks in the door to find me sitting in a huge pile of wrappers and boxes. With a, “oh shit what have I done” expression on my face. XD

@LLmsn941 3 года назад

I'm in a continuous state of fear of the tesla from space coming down upon me

@OfficialMaddeck 3 года назад

Timmy living in a shoebox around a dark corner of an alley. Holding on to a Black Lotus and saying: - My Precious!

@Ryan_but_the_name_was_taken 3 года назад

i invested my life earnings in basic land cards. if they go up 1cent i am rich.

@davidburris8230 3 года назад

Home equity line of credit is good if you want to remodel or improve your home's value in some way. Taking that money and spending it on Magic cards or any other investment is a bad idea.

@thegoblinempire2806 3 года назад

I'm ready for "War of the Spark: Mythic Edition"!!!

@Shannon_Vlogs 3 года назад

Wow I hope he sees this and listens!

@MikeTappeiner 3 года назад

more videos like this please. the view count should be way higher for this subject matter

@MTGUnpacked 3 года назад

Nah, Pokémon is where it's at! Take that HELOC and buy some high-grade BGS Charizards, and watch that investment take off like a rocket!😜

@stevenanthony16 3 года назад

This reminds me of the dude who sold his house to buy bitcoin at the all time high -_-

@B-... 3 года назад

Least this guy could make a new house out of cardboard.

@FrozenMopars 3 года назад

First thing I wait for is if Rudy is having a good hair day. Video didn't disappoint

@PastorwithoutaPulpit 3 года назад

I haven't done anything with MTG since the Original Urza's Block but this, this right here is why I watch this channel. Best info on RU-vid when it comes to real world on the uses and applications of money to make money, or lose it...

@abouc 3 года назад

HELOCs are great for when your furnace goes out or the roof needs to be replaced. Not for investing. Use money you actually HAVE for investing.

@thomaslewis5817 3 года назад

thank you rudy for the video i really appreciate when you go through the financial stuff i got friends that have gone bankrupt because they didn't realise how leverage they were so i really appreciate you explaining it so people don't walk into a debt trap

@masterkief628 3 года назад

Loved the economics lesson brotha! Long time fan myself. I love you cause sometimes I can't stand you. Albuquerque, NM.

@josephzeigler6853 3 года назад

This is a finance lesson, NOT an economics lesson.

@masterkief628 3 года назад

@@josephzeigler6853 It all falls under economics. That's why it's called economics in school not finances....

@damianroberts4330 3 года назад

Great advice!

@TheMrSlyxx 3 года назад

I got to 12:28 before i realized there is a taco sitting on the shelf in upper right corner. :P

@GatheringTheMagicYT 3 года назад

Stories like this wrinkle my brain 😫

@stormycat0905 3 года назад

Because the best time to invest is after the boom begins...

@BlueSkysandRain 3 года назад

Someone who's mortgaging their house against magic cards is a FOOL. Either you can afford it.. or you can't. NOT WORTH THE RISK.

@m.l.679 3 года назад

Thank you for the knowledge. I love listening to this stuff. Why do you think Warren and Charlie didnt buy anything last April?

@leecheesman7007 3 года назад

Can’t help but focus on Rudy’s crazy hair day 😂

@Maziwrath 3 года назад

I can't help but think everyone's emergency Magic divestment plan is to call Ruby.

@stevenbridgeman2085 3 года назад

Before you buy a taco, you must budget for the 🌮 taco.

@ApexZer0 3 года назад

Gotta love the effort Rudy put into making a 17 minute video just to pump and dump war of the spark

@aetheriumwinds3439 3 года назад

One of my friends got me a Gaeas Cradle as an wedding gift that was an investment. He got it for like 300. Its pushing 1k now.

@Moose370 3 года назад

Taco fund finance videos are my favorite kinds of finance videos

@alzatan 3 года назад

And in the meantime the tesla stock on nasdaq goes up 20% week on week...

@TealGaming-fb8bs 3 года назад

Rudy starting to look like Bill Murray in King Pin

@fsmoura 3 года назад

He's a cross between Jack Black and the young Jack Nicholson

@brandonsmith-wz6hb 3 года назад

Have to get a store started... you can get going slowly by diving into the ability to sell

@DelkorYT 3 года назад

People who play card games like MTG or Hearthstone should be aware of the difference between a move which turned out correct and a correct move

@geoffreythomas2022 3 года назад

I think it’s the white book behind that old booster box.

@sh1pme2themune9 3 года назад

Solid educational content.

@thomashelms6797 3 года назад

I missed these kinds of videos

@victorbarrios2824 3 года назад

I like these stonks videos.

@tylerlee2612 3 года назад

love this. not enough people talk about this. the risk over shadows the reward. its not about being right its that even if everything works it will not be worth what you can lose. Only invest with money that can go to zero.

@damonhymer9198 3 года назад

Collecting is better than investing. Having a bunch of sealed product is awesome. If there’s money later, great. Of values drop, at least I have magic cards. I love magic cards

@fsmoura 3 года назад

who doesnt ( o.o)

@rokkena 3 года назад

"I don't know my interest rate, but I want to buy some investments!"

@ttsupra87 3 года назад

Papa Rudy giving a heart to heart. Reminding us to focus on our taco stands and not chase mythical quesadillas.

@tomcadden8054 3 года назад

"Anything above 5% turns me into a cabbage" - PLEASE RENAME THE VIDEO!!!!!!!!!!!!!!!!!!! That honestly had me laughing my ass off

@TheGregoryodd 3 года назад

[ackshually intensifies ;)] Black swan = rare events with an outsized effect that ripples through everything; housing prices in America always went up...until they didn’t. The farmer is the turkey’s friend...until Thanksgiving Day. And human brains, for many reasons, aren’t well-equipped to anticipate these kind of events. Appreciate all the great content as always, good sir!

@unknownyoutuber2007 3 года назад

Rudy you look like Bollywood's low-budget choice for Wolverine in an X-Men knock-off, called X-Guys

@reconstructionmanifest7349 3 года назад

Rudy says this a lot and it is so true: Risk vs Reward. That is what its all about. This makes it a solid: No dont do it. If you are thinking about trying to do something with 100k get it into something else. Buy 50 shares of Tesla its about to spit 5 to 1

@22665555 3 года назад

Wes Hart This is the definition of concentration risk.

@reconstructionmanifest7349 3 года назад

@@22665555 I don't mean leave it all there. After the split investors will likely jump on that couldn't afford before. Ride the wave up, sell, diversify. I was referring only to the small window that is happening in a few weeks

@hunterhickes2421 3 года назад

after he sells, pays off the loan interest, he still gets the shaft with capital gains investing, much like pimpin’, ain’t easy

@nwttp 3 года назад

Depends on how he sells. Maybe don't use paypal.

@skurai 3 года назад

That haircut looks fresh Rudy

@menotechgamingandcollectin5174 3 года назад

Now before I borrow on the HELOC, let me first do a Facepalm!!!

@diversityhobbit 3 года назад

I took out equity to pay for my taco crave case. I blame you!!

@Solkre82 3 года назад

Understood. I'm going to take a loan out against my neighbors house! Thanks Rudy! I'm going to invest in sleeves.

@VibraFinanceCEO 3 года назад

Rudy I Just puked up a brainstorm taco

@reyesfranco9741 3 года назад

First like and comment. Great discussion Rudy.

@phoenixdundee 3 года назад

At least if they lose it all they will have some sealed product to draft ... gotta look on the bright side!

@andresk4694 3 года назад

As a timmy with little knowledge of finance I put my money in index funds (passive investments funds) with less than 0.32% annual fees. Only in banks that have a government guarantee of returning your money in case of bankruptcy. As far as I know all present day historical data shows an avarage 4-6% annual gain over a long period of time. Not sure if it's adjusted for annual fees, inflation and across nations. Cheers

@JP-ld5je 3 года назад

does any one know if there is a website or something where i can see what sets have been reprinted recently, are going to be reprinted and which ones are out of print?

@Yang1 3 года назад

Can I be honest Rudy? I have been a subscriber of your channel for the longest time. The truth is I know nothing about magic the gathering or have any inclinations of getting into the game. I subscribed to your channel simply for your amazing personality and hearing your talks about finance. Keep up the great work. I'll continue to watch all your videos.

@austin9578 3 года назад

Put it all on RED!!

@eqgats 3 года назад

This is one of your best videos, from a finance perspective. Fiat money is what we're dealing with with homes and mortgages / HELOCs / etc, fiat meaning, it's only worth something because the issuer says it is. MTG cards are Fiat collectibles, which is basically a fiat fiat form of money, depending on the US government to keep dollars worth something, and on Wizards to keep MTG cards valuable. .

@pokelunas2463 3 года назад

Videos Like this is exactly why im a patreon. Rudy is a better financial advisor then the woman at my local keybank handling PPP Loans and other corona virus based loans. id suggest this guy open a business instead of gambling 100k.

@mikegrazick684 3 года назад

We want the Rudy 1995 haircut, with tacos.

@mikebellsfitnessshorts2783 3 года назад

Either Rudy has a newly acquired lisp or my earbuds are taking a shit.

@UKinQ8Gaming 3 года назад

Never bet the farm, the taco cart or the light house.

@sunburntforager6315 3 года назад

It's like what Rudy said about his first rental property, market crashed and it was a loss for years. Only do it if you have the ability to stay the course for years

@patmacrotch5611 3 года назад

Rudy when you gonna open your patreon back up?!

@bjvong 3 года назад

I love how you’re able to take a game most of us love and manage to turn it into incredible education in the science of investment. Big fan. Thanks man

@sylversyrfer6894 3 года назад

Rudy: “Leverage is the most powerful instrument in the investment world.” Me: Nope. Compound interest is - the most powerful weapon in the universe!! Mwa ha ha!!!