I love how you turned the criticism into a financial lesson for everyone. My mindset would be to sell for what I can get back, but after hearing your reasoning to keep, it definitely changes my mindset for future purchases and selling
The issue isn’t you bought a nice Ridder card. The problem is how inflated prices for Ridder cards were due to speculation and honestly content creators pushing prospecting.
Why are the speculations and prospecting a problem? All investment vehicles do the same thing - stocks with wallstreetbets, crypto with Discord and other forums, etc.
@@ScoreWithVince none of those are a problem. Speculation has always been a part of the hobby. The extreme over hyping of cards aided by influencer types who more then likely are holding the cards of those being hyped is a problem and it’s an unregulated one. Unlike stocks which have an oversight commission and have rules and regulations. Which isn’t perfect but people have gone to jail for market manipulation and such.
Geoff has done this 857 times already. How many times does someone need to make a mistake before your like huh? This guy really doesn’t know anything. You fan boys are nuts.
@@michaelcarter3127exactly. he owns his mistakes. sheesh. some people really have no lives, so their only source of pride is trashing people infinitely more successful than them.
The big problem is buying emotionally with teams or players you like. Emotions are wear this moves out of being an investment and it becomes nostalgia masking as an investment which will most often lead to money lost
This is the best lesson I’ve learned from anybody in the sports card hobby. Around 2 years ago when all my cards were dropping in value. I was really hesitant to sell at a loss, so I was holding all my Zion etc.. I saw a video where Geoff mentioned that selling at a loss is often the best move, especially when there are other cards that you would rather have your money in. I’m 15 now and so happy I sold a lot of my cards when I did, I am so much more logical now when buying, trading and selling cards. Thanks Geoff.
Absolute guff and nonsense. ‘The smart thing to do is sell and not selling shows you are weak’ ‘I’m not going to sell as I like Atlanta’ No…. You have fallen into the exact thing you say others do who aren’t investors. Absolute nonsense from start to finish.
The flow of this video from start to end is incredible. Story telling is a skill that takes a lot of planning and critical thinking in order to convey seemlessly a beautiful message in a creative manner. Well done 👏
I totally agree. High risk investing or gambling or whatever are about trying to breakeven or have small losses most of the time and then sprinkle in a big win that more than covers all of the losses since the last win.
Don’t be confused. Geoff knows what he is doing. Social influencers use big cards to draw awareness to themselves and the products they sell. In this case Geoff used the purchase to promote his channel and the app. He probably only needs a few hundred new app subscribers to offset the losses on these cards. The views on the videos also generate ad revenue.
This is brutally honest and quite disgusting at the same time. There's always been something off with this guy from day 1 and completely understand why so many people shoot him down constantly. His son's videos/channels are even worse, his attitude is just so condescending especially for younger kids 👎✌️
I think comments like this are way off the mark. Like seriously how much money do you think that generated? an extra 10-20k views? another 10 app subscriptions? wow thats big bucks!! totally worth 10s of thousands. Seriously, just stop hating. Its not edgy, and its not smart
@@bubblesnz1059 I love Geoff’s content and watch almost every video. I wasn’t criticizing him. I was just pointing out that he uses big cards to generate views and app purchases. That’s called marketing and he’s a pro at it. He doesn’t mention this in his videos so that’s why I pointed it out. He can justify these purchases in ways that most of us can’t.
if i own Ridder, i sell him for whatever i can get. He does not pass the eye test at all as a NFL QB. i doubt the falcons will keep him on the team any longer.
He never said it ended up being a good investment. He just said why he made the investment. Ridder was cheap compared to other young qbs and he had a nice upside.
Hey Geoff! Im in the exact same position. I spent around 20k all on Ridder and I’m not mad at all. I was personally waiting for him to be benched. This is a straight up reset for him and thats what he needed. All his mistakes were mental. Hold on to The Ridders!
Since you have already told us that you have no intentions of holding on to them, what you should do is auction them with Heritage and donate the proceeds to some charity linked to the Atlanta Falcons. This will get you recognized with their organization, and maybe a foot in the door when it comes time for you to open up your new shop and you need someone famous to do signing events.
Geoff is such an eloquent speaker. He communicates his thought process and ideas so well. I might be the 1% of viewers who actually really liked your trade for the 1/1 Desmond Ridder. Since you are a Falcons fan, and for the 2 cards that you traded away, it was clearly a fantastic move, in my opinion. Most people just hate on big trades for no reason (jealousy, personal bias, can't fathom such a high value trade). I like that you got rid of those 2 cards for a 1/1, and it was clearly a fun risk.
Geoff have a net worth of $20 million. While 79 % of Americans are living paycheck to paycheck. Geoff can take the loss without a sweat 😓 while the average American would commit suicide
Yeah man, if you aren't 100% correct you're an idiot on the internet 😅 People can't understand that investing implies losing. There will always be losses, the goal is to win more than you lose, not to not lose. Keep going Geoff!
WOW!!! What an Awesome Video!!! I now See How Smart You are in the Hobby. I Love Your Videos & Your one of The BIGGEST Assets To The Sports Card Hobby!!! 👏 🎉❤
The point being, don’t follow the hype of prospectors in the card market who don’t know anything about sports and are degenerate gamblers hoping to find another late round Brady. Do your own research and invest into players that professional scouts and coaches believe in.
The problem is the card market as a whole is a falling knife right now. So just simply investing big money is sports cards rn is a horrible investment.
Keep them bro. It was an investment to begin with so why not keep it that way and see what happens. Hes gonna get that second chance and you'll be a genius. Love your videos and Penny Hardaway 😂
@@vintagecollector5340 those cards are at their peak. U can't invest in something that will hardly go up in price. So if u buy a card for 30000 and can sell it for 100000 that's def an investment not a speculation. If it doesn't do well like in his case. It's a bad investment. I'm not gonna invest in a card that doesn't gain much value.
Yes but this wasn’t his plan. He spent a HUGE majority stake of his card investment money. He had zero intentions to keep ridder card long term, he was hoping ridder would go off beginning of season &, immediately sell. This was a quick flip sell with a major stake of his card cash.
@@DoingNothingKing If you're gonna gamble, you better be ready to lose. It's ironic, because Geoff speculating undermines the entire intention of his RU-vid channel name.
Win or lose everyone must admire a huge risk because of the courage it takes. If it went your way we would all be calling you a genius. Live and learn.
Ridder was overpriced from day one though. The ridder passing lines were low and his passing tds were extremely low. Vegas ain't going to be right all the time but, Ridders prices were crazy.
I don't get the mentality of kicking a man when he's down. Your videos are informative and honest, even when they share failures. I appreciate the advice you've given (and the great tools you offer) as I re-enter the collecting hobby after a 20 year absence. Yep, you took a chance on a hometown guy and it didn't work. It happens! You didn't risk anything you couldn't afford to lose. Keep taking your shots!
We all take L's for believing in a young player and it not working out and the card loses value, but my issue with this channel is calling it "investing." That's an insult to actual investing. It's speculating and gambling, which is what it should be called.
@@Concatenate I hear what you're saying, but I don't agree. Sports cards are more volatile than blue chips, but it's still a form of investing. I invest heavily in the market, and lightly in sports cards. In both cases, I do my research on the stock/player, get as much performance information as I can, read several forecasts of future performance, and make the best decisions I can make. Last year I bought in on Caterpillar and Brock Purdy, which both worked out. This year I bought the dip on Walgreens and Mac Jones. Bad calls. For stocks and for sports cards, I do my research, weigh the risks and make my calls. Some times I win (paid a total of $100 for 21 Tom Brady rookies back in 2001- cards which I expect will cover a chunk of my kids' college costs). But, sometimes you pick a Zach Wilson or a Ridder.
Since I only purchase for resale, my strategy would be to sell, get what I can, and move on to the next “deal.” I can remember how shocked one of my friends was when I told him; “I honestly don’t make money on every card.” I guess some think all you have to do is buy a card and someone will automatically pay more for it! It doesn’t always work like that. But, I take my loses as valuable lessons and my gains as affirmation I’m on the right track
On the market movers app where is the back end data being populated from? Is it driven off of ebay sold listings or was there data collection done by your team for a year or two before the launch of market movers?
Flawed logic about 9/10 start ups failing as 99.5/100 player cards fail long term. Also a company can actually earn money, you're still speculating with a card. Not to mention that Desmond ridder has never really been a touted passer
I speculated on Tyrese Haliburton for a FRACTION of Lamelo Ball prices and people called me crazy..... Boy just dropped 60 points 40 ast 0 turnovers over 3 games - avg 25 and 12 now
Personally, I would sell one and keep the other one as a reminder of either a really bad deal if things keeps going down for Ridder, or up and maybe get even in your investment in the slim chances that ridder turns it around and somewhat becomes good enough to be considered legit by the collectors community..
Honest? The guy is in denial and thinks that if he believes the crap he’s spewing that his sheep will too. They obviously do and can’t think for themselves. If a guy losing $30,000 doesn’t tell someone this guy doesn’t know anything about sports or cards then they deserve to lose their shirts too.
Why keep both as a reminder, or even as a fan? One will do that trick. Sell one, and keep your favorite one. Maybe one day he will rise again, and you can still get your money back from a single card.
I'd sell them, and buy a '33 Goudey Ruth card, The Mikan card or a '35 National Chicle Nagurski card. $30k is waaaay too much for an ultramodern QB. I like the fact you swing for fences though. It was a calculated risk
@@MarioLuigi-vb3rp I will be ok my friend. I am in the 1% of people that can afford to drop 100k, lose it all, and not get an ulcer or it matter to me. I was actaully posting for Geoff Wilson to realize that, life goes on and you get it back.
Ohhh you are way way off on Ohtani. Yea his card prices peaked…in the short term. But long term, he’s a generational talent and you sold his Rookie Auto, let alone a rare rookie auto. Long term that card will be worth 2-4x as much as it was when you dumped it. You got rid of someone whose proven himself for someone whose super speculative. Compare it to you selling your Apple stock and bought a $0.17 biotech stock. That’s a dumb risk to take.
I live vicariously through you Geoff because I started out like you in the late 80's but with less money but the gain/loss ratio are the same. I made a pause on the Hobby and started a family. In mid 2000 I picked back up and took a different approach. As of today, I'm sitting on a 950% Margin on my investments. However, my method (not vintage) is not as exciting as yours but its 100% foolproof. To bring it back full circle, your videos are exciting and cringey at the same time.
Ive lost 50k to 70k on cards in the last 2 years. Bad deals, scams, and the market crash. And I'm living paycheck to paycheck now. I'm not flicking lying.
I believed in Ridder. He has weapons all over. I felt he was an easy win. I bought 25 cards, 21 were graded. And now, I'm looking like an idiot. Lol. It was a fun and interesting gamble for sure.
Lol the amount of money I've spent prospecting is ridiculous. I was all in on Trey Lance. I no longer buy cards with the intent of selling them. I look at my Trey Lance lot or PJ Washington lot and just have to shake my head.
talking about how investments DIDNT turn out, is a side most people dont wanna talk about. There are a lot of card bros out there with videos of themselves spending big money on all those other qbs you mentioned, and we havent heard of peep from them, even tho they were telling us those guys "are the buy right now".
You know I keep want to go after you but the honest truth, everyoen here is a card collector. & you making this video completely exposing yourself on a huge lose, is respectful. My opinion of you only went up from this. People in the card community never really hear this honest truth side of the hobby, cuz other card influencers would NEVER admit they did something like this cuz of the backlash. Respect & I mean respect. You are the exact person who the card community needs to keep progressing. & collectors NEED to hear this truth side of the hobby
That was nice. It's all relative, too... a lot of casual collectors drop $30 on prospects that are worth .75 cents now. Hopefully, they like the card for some reason.
Sell sell sell! And reinvest the money in a Falcons player you will enjoy cheering for! :-) Probably Robinson- we need to see how you take this loss and reinvest it into what becomes a gain.
Honestly everything you said everyone knows. But you not admitting to this one thing, this MASSIVE thing is, you selling the shohei card thinking “it’s the peak”. Hands down, one of the dumbest things iv heard you say. Baseball market is one or the strongest. Selling any higher up shohei card now to use that for a “gamble card” is pure stupid. You could of sold trouts, Bryce harpers plenty of others. But never ever would consider selling shohei But respext you admitting your wrongs cuz, most people with a following in the hobby won’t
When dealing with modern QBs.... It's gambling. You knew this going in. But when you like a player. You like a player. Sometimes going with your gut can suck. But upside is $$$
That's the one thing that sucks about this hobby last few years... Wax is wildly expensive to rip, so its a huge gamble to rip it in the first place, and then holding the prospects instead of liquidating them makes it an even bigger risk.. I'm back to just buying singles of players I PC when their market drops, and hodling everything long term.
It may be the right call to move because idk that player’s card prices ever come back after a big drop. It’s driven by so much hype these days. This is coming from a Steelers fan who is probably down 75% on all my Najee cards.
I would sell the cards. Recoup whatever I could without taking a MAJOR HIT IF POSSIBLE, and move on to another investment. I personally buy Hall of Famer Autographs. Certified only and not by what I call " Shop at Home grading companies." They're not worth the slab they're in.
I think you should sell immediately! The problem is is do you auction or try and set a price that may never be met? Good luck Geoff! I feel for you, the same thing has happened to me many times!!
I agree,it’s exactly why this is called sports card investor! We roll the dice on something just like playing a scratch off or something else like such…it’s not always guaranteed to make you something! I just sold a few things on EBay and man I lost half of what I put into what I just sold. I was bummed but I knew the risk 🤷🏽♂️ . Anyways I appreciate the advice and all the information you guys put out! Thank you!
Yes but this wasn’t his plan. He spent a HUGE majority stake of his card investment money. He had zero intentions to keep ridder card long term, he was hoping ridder would go off beginning of season &, immediately sell. This was a quick flip sell with a major stake of his card cash.
Spec Investing in Rookie Players every year is more like traditional gambling in Vegas on the table games like Poker, Roulette, Craps or Blackjack... you can't evaluate the overall end game by the number of sessions you lose, but rather what you leave the casino with. I feel confident that Geoff is smarter than the majority of card collectors, resellers/dealers and investors and may lose a few big hands, a lot of small hands, but if you look at his success as an individual, he's a true winner at the end of the day. He manages to leverage his knowledge base with his You Tube Channel, Sponsors, Investments, etc. It's hard to hate the Player (Geoff) when you should hate the game (Spec Investing). Generally, I pick 3-5 rookies in the NBA and NFL every year and go heavy knowing I won't win 'em all but hope that the one or two winners will cover the losers. It's a fun every season. Geoff is right about having "win goals and loss limits" and cutting losses, removing ego and dumping Desmond Ridder to move on and use those proceeds to win in new investments.
