|
Author
|
Topic: Advice on Cashing Out
|
TRORY1400
Member
|
posted May 11, 2011 10:22 PM
      
Ok,
I am really starting to lose interest in playing. I have many obligations that only allow me to play maybe once every three weeks. I have quit and come back before but I never had this amount of money in cards.
I really only like EDH and eternal but nobody local plays. I have about $20,000 in staples, alters, errors etc. All my stuff is pretty liquid. I do not need the money but I do not really ever play either.
Should I just sell of a format first in case I change my mind?
I can make any deck in any format and if I start selling this will not be the case because I am down to pretty much just foil playsets of everything.
Any input would help.
|
Loathing
Member
|
posted May 11, 2011 10:41 PM
If you don't need the money then my advice would be to hold onto the EDH and Eternal cards, as they will only increase in price.
|
burningfirebird
Member
|
posted May 11, 2011 11:07 PM
I agree with Loathing, I would sell off your standard and extednded stuff because Legacy is growing in price - rapidly, too.
|
SageShadows
Member
|
posted May 12, 2011 04:38 AM
If you go with the above route, I'd just do cursory checks every few weeks or so, as if you had stocks. Legacy (some people that have doomsday scenarios in their head anyways)may price out people one day and kill off the format a la Vintage, so it'd be nice to know if/when that moment comes near.
|
yukizora
Member
|
posted May 12, 2011 06:46 AM
quote:
Originally posted by SageShadows:
If you go with the above route, I'd just do cursory checks every few weeks or so, as if you had stocks. Legacy (some people that have doomsday scenarios in their head anyways)may price out people one day and kill off the format a la Vintage, so it'd be nice to know if/when that moment comes near.
And I'll be here for buying everything back.
Who'd leave an Eternal format excepted if they did another one? (Some people talked about a format starting from MM).
|
moxdiamd
Member
|
posted May 12, 2011 06:50 AM
You dont need the money? Just box up the cards and put them away somewhere. You never know when you will get the urge to play.
|
SageShadows
Member
|
posted May 12, 2011 06:53 AM
quote:
Originally posted by yukizora:
And I'll be here for buying everything back.
Who'd leave an Eternal format excepted if they did another one? (Some people talked about a format starting from MM).
Just looking from what happened in Vintage, where the format got stale after too many people were priced out of the format. Lack of growth will kill a format (though I'm going to assume that this probably won't happen anytime in the near future).
|
yukizora
Member
|
posted May 12, 2011 07:27 AM
quote:
Originally posted by SageShadows:
Just looking from what happened in Vintage, where the format got stale after too many people were priced out of the format. Lack of growth will kill a format (though I'm going to assume that this probably won't happen anytime in the near future).
Probably the rise will stop somewhere, but whenever it gets cheaper, people will probably get into it.
However, wizards might stop supporting legacy events, which could be a disaster.
|
dwiz
Member
|
posted May 12, 2011 07:32 AM
 
quote:
Originally posted by yukizora:
Probably the rise will stop somewhere, but whenever it gets cheaper, people will probably get into it.
However, wizards might stop supporting legacy events, which could be a disaster.
StarCity has already filled that void. They are the main cause of all the price increases, they won't stop supporting legacy as they are making boat loads of money from it.
|
NukeMoose
Member
|
posted May 12, 2011 08:53 AM
I have about a 1/5 of the collection as you do, but to me that's still a small fortune. I don't get to compete as much as I would like, but I keep my collection as an investment. So far, its value has grown faster than any stocks or other investment strategies could have made me with my small income.I would sell off anything non-eternal and keep the rest. Check on the prices of things once or twice a month and sell off things that have dropped significantly a few checks in a row. I've also quit and sold most of my cards twice now, and have regretted it both times. Even when I sold my standard staples they ended up rising in price after a few years (Orim's Chant, Vindicate, Pernicious Deed, etc). So I would hold onto any cards you might want to play some day-right now magic is booming and things are only gaining value.
|
gcowhsu
Member
|
posted May 12, 2011 09:09 AM
Sell off all your standard and extended cards if there is a better version of it in legacy. Cards that NukeMoose pointed out do not have better versions in legacy and are currently the standard for what a card needs to do in order to be playable in legacy.Legacy will not die anytime soon. Pretty much any deck can win and since the prices keep going up that means people are still interested and it is not too expensive. Prices have plataeued a little in the past month To look at the health of legacy I would look at the price of Force of Will and Wasteland as those cards get the most play of any other card, yes dual lands included. Once those start to dip more than say 50%, make your own decision here, then people are leaving the format. However, I can see wasteland being reprinted in the commander precons, but not force of will.
|
yukizora
Member
|
posted May 12, 2011 09:17 AM
Also, I'd put up a sales list for the "smaller" stuff. It takes some time to get the full value out of those, compared to big items like FoWs and Duals.
|
TRORY1400
Member
|
posted May 12, 2011 01:33 PM
I appreciate the advice so far. like I said before I do not have a need for the money bu there are things that I cold do with the money . I also collect art and would like to buy some expensive new furniture. Would It make sense to drop Vintage? The prices are pretty stagnant and I could proxy if I sold my Power,Workshops, Bazaars, Seal etc. The problem with selling Standard and Extended is that they are also Legacy/EH playable. Things like JTMS, Doran, CC, BB will never be bad. If I did decide to play again later my locan scene is only standard so keeping thousands of dollars of cards that I couldnt play if I came back anyway seems silly. Right nw I am leaning on selling off Vintage and going from there.
|
gcowhsu
Member
|
posted May 12, 2011 01:47 PM
again if it is not playable in legacy sell it now before it becomes legacy only.Doran and CC are unplayable in legacy. Only junk would play Doran and Knight of the reliquary is way better. Vintage prices creep up like a dollar a year so if you sell it now or later it's about the same and if you buy it back you take a small hit. Jace is going to drop. He's barely a legacy staple and the decks that have him run 1 or 2. His availability is going to skyrocket in 4-5 months. He is the best card in extended, but who plays extended? You can just buy him back at a cheaper price. Sell him asap. BB is also gong to drop once faeries rotates out of extended. It is a decent legacy card, but it's not a staple. It's already dropped about half from it's extended season so I'm pretty sure you can buy it back cheaper later.
|
Philip papas
Member
|
posted May 12, 2011 09:27 PM
20,000 dollars today is less then 20,000 dollars next year
|
ScottyStyles
Member
|
posted May 12, 2011 09:30 PM
quote:
Originally posted by Philip papas:
20,000 dollars today is less then 20,000 dollars next year
I think you got that backwards...
|
Volcanon
Member
|
posted May 12, 2011 10:22 PM
quote:
Originally posted by ScottyStyles:
I think you got that backwards...
No. Inflation = dollar has less buying power tomorrow.
|
Mr.C
Member
|
posted May 12, 2011 10:27 PM
quote:
Originally posted by Volcanon:
No. Inflation = dollar has less buying power tomorrow.
So, if he has 20 large today, he can buy more than what he can next year. __________________
#1 in posts from Brazil!#3 in Refs from Brazil; Got any Portuguese Foils? Post on my list or email me at valter.cid@gmail.com !
|
ScottyStyles
Member
|
posted May 13, 2011 06:01 AM
quote:
Originally posted by Mr.C:
So, if he has 20 large today, he can buy more than what he can next year.
Exactly. Philip said it the other way, that $20 in a year was worth more than $20 today. Of course, with the way Legacy is climbing it's beating inflationary rate - especially cards like duals, FoW's, and Wastelands are seemingly rising $5 a month. For the time being - and most likely it's a bubble that will level off at some point - Magic legacy staples are far and away beating out the inflationary rate.
| |
Magic Online Trading League Bulletin Board
UBBFriend: Email This Page to Someone! 
