Sports Card Investment Tips With Larry “The Investor” Elswick: 10/4/10
Last week, I covered long-term investment in football cards, which featured a 1999 Peyton Manning/Johnny Unitas Passing the Torch auto, a 2001 Topps Joe Namath Rookie Reprint Auto, and certified pack pulled Walter Payton autographs.
This week I turn the focus to what makes me tick, short term get ‘em before they blow-up RC's with signicant upside. Short-term investment cards usually feature players whose situation (coaching, team, roster, playing time, or media coverage) has changed for the better with cards that can be had for a fraction of their future or current values. Below is a list of "Get em' Before They Explode" cards from all-4 major sports.
GET EM BEFORE THEY EXPLODE CARDS!
- 2003 Bowman's Best Ryan Howard Auto RC- Ryan has done nothing but post huge numbers since the card sold for $800, you can own one now for $150 on eBay, Playoffs are coming! BV=$250
- 2008 Sweet Spot Evan Longoria Auto RC/299 - This is his team, this is a sweet card, should see a spike soon, BV=$120.
- 1999 Topps Traded Autographs Josh Hamilton - The Natural, Think Roy Hobbs Jr, huge player, great story, as long as he keeps his head straight, BV=$250.
- 2005-06 Exquisite Collection Raymond Felton Patch Auto RC/99- Knicks new point guard, big city, big media, It's Amar'e! Card can be had for at least 1/2 book, BV=$160.
- 2007-08 Ultimate Collection Kevin Durant Auto RC/150 - SUPERSTAR, SP authentic sells for $750! These are at $200 on eBay right now!
- 2003-04 Bowman Chrome Dwyane Wade Auto RC/250 - Unlike other hoops mega stars, D -Wade stayed! Championships will come and he is loved in Miami and Chicago, BV=$300.
- 2003-04 SP Authentic LeBron James Auto RC/500 - He sure looks like the league poster boy! You could even sell this one in Cleveland, BV=$925. It still has big upside.
- 2005-06 UD The Cup Jimmy Howard Patch Auto RC /199 - Goalie in Detroit, Red Wings almost always carry big time hobby upside, good BV=$150.
- 2007-08 UD The Cup Tuuka Rask Patch Auto RC /249 - The best kept secret in the beantown, BV=$200.
- 2008-09 UD The Cup Steven Stamkos Patch Auto RC /99 - 51 goals, 95 points, similar future hobby standing to Ovechkin, BV=1200! They are selling for $430 at the moment.
- 2008 Exquisite Collection Darren McFadden Jersey Auto RC /99 - Finally we see what all the hype was about, with the continuation of solid season, this card should continue to tick upwards, BV=$250.
- 2004 SP Authentic Matt Schaub Patch Auyto RC /799 - If they go to the playoffs this card will boost in value in a big time way, BV=$100.
The second these cards explode, don't wait for the dust to settle, move when you have achieved an acceptable profit margin. This list can also become the “get rid of ‘em because they blow" list fairly quickly, so it is important to remember that when the market begins to shift, you shift from hold to sell mode.
My mentor Norm Wilson, a great old school card dealer called me “easy money". When I used to ask him,“Do you think I did O.K.?", he would answer “Did you make money?", then add “Don't be greedy, take what sports gives you". The market giveth and the market taketh away, so my advice is to stay ahead of the market and when it reacts to the media, you react to the market. The only wrong action is inaction. So pull the trigger in the positive and go make money!
Thank you for reading and remember the equation when making a positive, secure long term investment for a profit is:
- (minimum profitability - maximum liability= a positive investment)