How a 16-year-old made millions collecting and reselling trading cards - Business Insider

Park at the National Sports Collectors Convention."I have made contacts in China, South Korea, and throughout the United States just by walking around the convention and sharing news and cards," Park said. "I might hear that someone is looking for a Mike Trout card that I know one of my contacts has. I would be the middleman between both parties to help the transaction.

And this doesn't include the $1,770,000 profit that he just made from his recent Antetokounmpo card sale, boosting his total net profit from card sales to nearly $2.8 million.The savvy trader has reinvested his profits in buying more cards that have gone up — and in some cases tripled — in value. He said that buying during the off seasons has been a key strategy behind his success.

There's also simply the love of the game that forms a framework for his strategies. While collecting sports cards morphed from a hobby into a business opportunity for Park, he still retains the joy and passion that drew him to the activity in the first place. "After I bought the card, I heard that the dealer who sold it to me had offered it to other collectors at a lower value," Park said. "Nevertheless, I was not upset because I believed in the future value of Giannis. I knew that even if I overpaid at the time, it would not matter in the future because I believed Giannis would continue to improve, which would cause his card values to increase.

GeoffKehlmann

Best way to make a million dollars trading cards? Start with two million dollars.

BMORKARFL

Now that's some serious money...not like the Pokemon trading cards chumps

👌👌

stopped reading when he i read' trading card of Giannis Antetokounmpo he purchased for $40,000 ' pffff next

so let me get this straight..in 2017 he would of been 13 and had $40K lying around to buy the card in the first place? This is why people hate journalism today...sensationalism at its finest to get people to click..total clickbait..why not just say his parents were the buyers.

😱🤔

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