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Investing in The Sports Cards Hobby
As a child, you love to collect sports card of some of your favorite athletes just for fun and to trade with friends. As an adult, then game slightly changes. To some, it's still fun and to others, it's an investment. Collecting can be fun and rewarding all at the same time. It's all about how to do it and when is it the right time. Just like investing in stock, the rules to investing in cards are similar. You have to know when it's the right time to collect and when it's the right time to cash in. When collecting sports cards, there are a few things that you would need to know and follow by:
Know about the sport that you are collecting - If your mind is in an investment mode, always try to follow your favorite sport (basketball's my favorite) and who's the hottest players around today. Collecting is like being a scout and an agent. You have to follow a player through their college years. How you know that they would be good in the pros? It's all about having instinct. Just because they're good in college doesn't mean that they're going to be good in the pros so use your judgement.
Buy in Packs or Box - When buying cards, you want to invest on buying them in packs or a box of cards. I wouldn't suggest buying singles if you are just starting out.
Decide on which season you want to buy - This one determines a lot because you want to get a superstars rookie card and in order for you to do that, you'll have to find out which year that person was drafted on. I was fortunate enough to collect at the right seasons (1996/97 has Kobe, Iverson, Nash and 2003/04 has Lebron, Carmelo, Wade and Bosh). But trying to land a box or pack of those cards could be hard for they are always highly in demand. You can try places such as eBay or your local hobby story to pick up a pack or a box for a decent price.
Develop a relationship with a hobby shop owner - This could go a long way and could work to your advantage. Be on good terms with them and they might just cut you a discount on a box of cards and they might tell you a thing or two about certain cards that they don't tell other customers. It'll also be easier selling them back to the shop owner if you ever decide to want to do it.
Keep track of what Key Cards you have - Every three months, try to by a price guide so you could be up to date with what your cards are worth. With your key rookie cards or inserts, always keep them in a soft plastic and a hard plastic for protection and store them. You don't want to keep it out in the open for someone to put their hands on them.
You could even go as far as when you go to sell basketball ball cards, you could go and trade cards online. With Ebay nowadays, trading cards online and investing in them is much more fun and global.
These are just some of the basic steps on how to invest in your sports cards.Once you get the hang of it, you'll be happy that you've made the right choice in wanting to invest in these.