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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A 16-year-old who just sold a basketball trading card for a record-breaking $1.81 million shares his best strategies for making bank as a card collector and reseller (by RobinMadell)

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." , which many hard-core collectors are a part of.

"I have been fortunate to invest in the 'right' players," he said. "I invested in Mike Trout baseball cards early in 2016, and in the last four years have sold most of my cards for an overall net profit of around a million." 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.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

RobinMadell Who?

RobinMadell Just like us whom made a lot at the end of the dot com bubble, he got lucky.

RobinMadell garyvee

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside MatPat's Game Theory YouTube strategy and business: interview - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How much YouTube pays for views: 100,000, 1 million, 150 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Do people really pay for this click bait So sick of these showing up in my feed This is interesting!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why now is the perfect time to apply for a new rewards credit card - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider webinar on the race for a coronavirus vaccine - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still struggling with forex trading or becoming A Profitable trader? I can help you invest in forex, without sending money to anyone, No need to pay for Signals, learn how to invest and generate income all by yourself. Inbox me for more info.📊📈 USA’s cultural traditions are proving deadlier since Spring Break parties in East & Southeast beaches caused hot spots of Covid19 in Spring 2020. Now Football, tailgating and Homecoming parades most likely bring Covid19 spikes this Fall. What is it with this cultural thing?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trade restrictions delay China hunt for Samsung and TSMC alternatives - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »