Lol it’s a green screen of a museum. When you see overpriced MTG cards all over eBay. You know this is just the beginning of a bear market. It’s going way lower. Key cards are overpriced
I do think Hasbro has moved away from investors and towards players. Which has it's own pros and cons. Rudy is an investor though so he might have to shift to bulk movement over select movement. If they can sustain the player base it will continue. Once again pros and cons.
@@BraniusBalkiWizards wants to sell set boxes for $400, but can’t. Panini can sell pretty basic hobby boxes for $400 easily. I’m not particularly a fan of expensive sports hobby boxes, but the fact that Wizards can’t achieve that is not a good sign. Either their too slow to adapt collectibility or they’ve lost their consumer base. I think both has occurred…basically through a lack of consumer confidence.
NGL the sports are absolutely horrible pricing wise and most times its a strikeout BUT hitting them sweet sweet autos,relics, et al make it worth it though if you've got deep pockets@@dom19945
Selectively following his advice, you mean. If you're investing in cardboard, to the exclusion of everything else, using leverage, while in debt up to your chin, any and all losses you incur are not only 100% your own fault, you were destined to fail from the very beginning.
The biggest take away from Ruby’s ramblings is how folks today are reprogrammed for instant gratification and the now. I agree with his assessment of WoTC. 👍
In my opnion, part of the problem also rests in the way american companies do buisness. We want to turn a profit immediately and get rich quick, and are short sighted and we shoot ourselves in the foot, rather than looking 10, 20, 50, 100 years down the road and seeing where we want to be...
9:55 _"Listen, it's easier than you think. Every person watching your videos, they wanna get rich and they wanna get rich quickly. They all want something for nothing. Do you Timmies think you got what it takes?? Here, sell me this box!"_ -Rudy Alpha Investments in _Wolf of Cardboard Street_
Feels like the nature of things. I work a steady job and prefer to manage my risk since technically, anyone can be a millionaire, but what is truly rare is the ability to stay a millionaire.
Among what cards I could find, I sold a Gwendlyn Di Corci to Card Kingdom for ~$300 last year, now their buy price is ~$100. Had a spideysense that the Fed starting its tightening cycle was going to slowly throttle speculative holdings that lacked actual intrinsic value
even if you can’t tell on a day to day basis, those paintings on your wall actually do change overtime due to oxygenation. Paintings like the Mona lisa for example have to be preserved with acidic preservatives, sealed enclosures from fresh oxygen, ect
Rudy, I AM that gamepiece guy - I want a company that cares more about the art and mechanics, the story and the gameplay of their product, moreso than the money. It's my right as a consumer to want that and put my money toward it, which these days means being a strictly secondary market kinda guy, cuz fuck WotC. But I love this channel, and the analysis of this wild, Netflix-documentary-esque madness of the secondary market of MTG products, and other TCG products too, is absolutely fascinating to me. So far as I'm concerned, this is the best channel on RU-vid for TCG news. I don't even watch people play anymore, just this channel. I hope you make your millions holding the heavy bags and keep speaking truth, even when people hate you for it. It ain't something I live by personally, but it's a truism I think, "If you're not pissing someone off, you're doing something wrong."
Hey Rudy, it would be nice if you gave the art museum credit for letting you record in their gallery. We would like to visit it sometime too, you know.
Modern, the gold standard by which all competitive TCGs were once held, is dead as disco. In fact every 60 card constructed format is pretty much dead at this point. I live in a metropolitan area. Many MTG shops. Not one has any MTG community outside of Commander, save for the occasional draft.
@@TunnelSnakesrule13 I had a little draft group going for about a year but then I ran out of smoke money for boxes. Plans were made to play some constructed but it never happened.
Remember in The Big Short when the loans that made up some of the bonds were starting to default, but the bonds were still being priced as if they were low risk and stable? Things can be mis-priced for a VERY long time... but the chickens always come home to roost eventually, and it's the ones who expected the ride to keep going up that end up screwing themselves
I found the times when I was successful was when I bought something I wanted to invest into that I enjoyed. I bought a Deck Box of Yugioh Cards when It was in print for $60. Around 10 months later, that deck box was out of print and I sold it for $175. That was nearly a 3x return. I needed money at the time. 3-4 months later that same deck box I sold for $175 was now going for over $250 a box. Sometimes, you just need to buy stuff you're passionate about and just hold onto it. It doesn't matter what it is really, as long as its something real and tangible.
I like how you are telling everyone that's willing to listen how to make smarter choices when it comes to investing, business management and life. I appreciate it man. Thank you.
Rudy I think you undervalued the cost of logistics for WotC. Shipping to multiple distributors creates a higher cost of production. It's multiple crates of multiple products being processed and shipped with multiple carriers costs a lot of money. Amazon is a different beast however. They own the logistics company. They can come to WotC's door and pick up said product, store it in their warehouses and sell it at whatever loss they want. Amazon doesn't care to sell product at cost or even under cost. They want subscriptions and impressions. Fire sales get them exactly what they want. These boxes wouldn't be limited if there wasn't a risk of selling out. WotC saves a fortune in logistics, and Amazon is still everyone's first stop for premier shopping season.
I do agree with the assessment that the Amazon factor has changed the perception. Amazon's sway and leverage over everyone, from Hasbro and other publishers of consumer media, to manufacturers of electronics and others is so altering. There is very little benefit in fighting them over warehouse allotments. I doubt Hasbro realized what entering into that relationship would mean for their wider market ecosystem, but the control they have given up around inventory management couldn't help but create immense disruption. I feel very fortunate that i can continue to support local game stores and do so to the extent I am able.
This feels halfway like an old school pink visor video. But I do appreciate the more aesthetic background. Always good to hear the same consistent advice about leverage. Classic update!
If Hasbro wasn't so money hungry, they wouldn't have nearly as many problems. Companys have forgotten the person who buys your shit is more important than the one looking to make money of the money you make. If you keep the buyers happy, they will naturally spend money on your product if you fuck them over they will stop. The investor are there strictly to make passive cash for themselves they dont care about the company if younstart to drop there the firstnones to leave the shinkingnship
You are very level headed and make a lot of sense. My personal experience with Magic specifically is pretty good financially since I mostly collected lands and years ago when prices tanked bought sets of dual lands for cheap because I figured even if everyone else gives up, I like the game and it’s fun to play with friends. Then, when prices spiked sold my Library and Tabernacles because I was struggling to pay my mortgage at the time. Even still, I could have bought lower I should have sold higher. I really should have bought four of everything back in the 90’s either for play value or for financial value. It can definitely get stressful if a person overthinks it.
Sometimes I think about how much I have tied up in cardboard, and how little I actually play these days. It naturally leads to thinking about selling part of my collection, which leads to the question 'where would I put that money if I did?' And I end up with the truth I'd probably just park it back into other Magic cards...
It's interesting to see though how fast cards lose value at the moment. I'm on a buying and playing break at the moment because in the country I temporarily moved to neither is available. But I will definitely change my spending habits after I return. My rationale so far has always been that a certain share of what I spend on sealed product will be resellable cards. That certainty is gone. I'll just aquire and keep what I need as a game pieces, the rest of the inventory will have to go.
Good advice. I feel like magic is going to be down for a long time, maybe not ever but for a very long time...perhaps decades. Much like the comic book industry only very select items will hold value and the majority will not be worth investing in. So play, enjoy the game....don't expect to get rich.
Thank you, thank you, and thank you for keeping this subject anchored to reality. That is the real risk with investing regardless of what it is. It is always a risk and people should keep that in mind. I’m a MTG collector and player and never really got into the investing side of things but happy with my collection that I have had since 1997.
Is it possible EVERY card game is overprinting? If everything was printed less stores could justify a higher price point because of rarity. And then have future print waves depending on demand?
There is a perfect book for this, boom, bust and echo. I’m a long time collector. In this market I am watching for pieces to add to the collection at a good price.
Your point about feeling different about a painting worth 5000 vs 500000 is exactly why I disagree with Reddit that “magic is game pieces and should all be ten cents a card.” You feel a sense of majesty holding a 20 dollar rare versus a 20 cent rare. It takes away from the game for everything to be pennies
It's seems almost as if , if you have An LGS your not even your own Business , your essentially at The Distributors mercy and you have to buy certain things ? Am I gathering this correctly ?
Diamond hands 💎 🙌 baby! I keep buying and scared money keeps selling! Even if the bottom drops out of the bucket I get to draft vintage boxes with the homies for the next 30 years!
_"Hey Rudy, wanna buy my collection? It's $30k."_ _"Sure, I'll give you $20k."_ _"What? Why?"_ _"Wasting my time. I'll give you $10k"_ _"What did I do to you??"_ ( ;__;) _"God, I hate you Timmies! I'm sending you a box and stamps, just ship it to me; I'm not paying you anything."_
"I'll give you 20k" "Why?" "Because it's a significant up-front cost for a product that may sit on the shelf for a long period of time, making zero money and possibly depreciating." "Rip-off, unsubscribed" "Thank god, you just saved me 20k"
Imagine a card game where you only need to buy 1 pack of cards. That gives game stores the opportunity to sell matching dice and poker chips. Which will improve a player's turn speeds. The owner can source product and rebundle it giving customers the complete package. It saves me the additional expense, and gives them additional sale potential.
IMO Magic holds value to a certain age of people just like Star Wars and GI Joe toys. My kids are 14 and 10 and have zero interest in any of these things. Eventually children grow up into adults, eventually.
This might be the first time he’s ever mentioned Yugioh without intentionally saying it incorrectly or saying something disparaging about it. That makes me think it’s the market he’s going to pump next.
As soon as wizards realized they can capture all the cash in the secondary market through reprints, I gave up on MTG. They will not leave cash on your table, in your old cards, that is money that could be going to their investors with a simple reprint.
It could also be that dealing with Wizards is like dealing with the Gestapo. 2 weeks after my shop burned down in 21, they called me to figure out my exact reopen date, which I had no way of knowing. They promptly cut me off. They didn’t give one F@ck about my situation. Ridiculous.
Its better to give opportunity for others to resale my product. While giving them an opportunity to net additional sales on products they can source. This keeps my cost down, and allows them an opportunity for additional profits.
Did you expect them to bring you milk and cookies and help you back up onto your feet? Business is cutthroat and all about numbers, efficency and profit. You'd do well to leave emotion out of it as much as possible and just play the system as well as you possibly can. Good luck with rebuilding dude.
Lol. Keyboard warrior much? The beauty of the internet, no consequences. At least you cleaned it up at the end, and I appreciate that. I expect nothing from anyone, ever. If you were in my position, which obviously you aren’t, you’d have understood what I was saying. I was just chiming in on what he was saying about Wizard’s (Hasbro) being all about the money and nothing else. Just saying, I experienced that first hand in a very abrupt way. I can buy my own milk and cookies...and tacos.
@stevenbegley8753 I admit I could've said that in a less abrasive way, I apologise. It's just that my reaction to you saying it was "ridiculous" that WOTC didn't give a f*ck about your situation was "...actually it's honestly kinda ridiculous to expect they would" - not just because big companies in general only care about what directly makes them money, but because WOTC and Hasbro have consistently shown this frankly a**hole behaviour on an even more extreme level than what I'd consider average. I meant no disrespect, I simply wanted to suggest a reality check and then offer words of encouragement 👍
My next question... what else besides Legos, pokemon, mtg do you collect. Can we get a video of an update of all you have collected Over your life time and a background of what started you to collect in general. Be a great video
Rudy, your understanding of the current economic situation is somewhat rudimentary. The curent inflation isn't linked to the extra supply of government issued money, it is overall marginal compared to what the banks are doing by the way they lend 10x the money they get in reserves the rest of the time. No it is mostly about supply chains issues due to the war compounding on the pandemic causing a cascading chain of approvisionment and production. The current displacement of industries from China has also a productivity impact on the macro scale. Combined they create a major supply strangulation. There are also major problem with shipping, first it was the container lack, recently lack of port infrastructure and manpower, lack of trains relative to the shipping industry needs, all that combined with a drastic increase in internet individual shipping instead of distributor bulk shipping. The infrastructure is simply not adapted.
