Who are your Investments
I'm currently investing in Kevin kiermeker, Alex Gordon and Salvador Perez. Was wondering what everyone else was doing. Even though this might mess mine up was still curious.
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Re: Who are your Investments
No current investments as it's too early for me, but I am card flipping. There seems to be a big gap between buy and sell order pricing early on, so plenty of room to make money even with SCEA upping the tax to 10%.
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Re: Who are your Investments
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Re: Who are your Investments
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I work on a computer all day so i'm usually on The Show Nation website buying and selling equipment. It sells quickly and the margins are very beneficial for flipping. |
Re: Who are your Investments
Can someone explain flipping? Is that just finding a card for cheap on the market and attempting to sell it at a higher clip? Nothing more to it?
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Re: Who are your Investments
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To buy Anthony Rizzo you need appx 28,000 stubs (fluctuates) To sell him now it's 16,000 stubs (fluctuates) If you sell yours for 28,000 stubs eventually the price for the card will drop where you can buy it back for 16,000 stubs leaving you with a profit of 12,000 |
Re: Who are your Investments
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Rizzo is currently listed at a Buy Now price of 28,750 and sell now price of 20,650. NEVER use buy now or sell now when acquiring or selling players, instead use the order system. 1) Create a buy order for Rizzo at the price of 20,700 - enough to barely over cut the highest sell now price. Eventually someone will come along and click that sell now button. Boom - you just bought Rizzo for 20,700. 2) Create a sell order for Rizzo just enough to undercut the highest buy now price, ex. 28,700. Someone clicks the buy now button, you just sole Rizzo for 28,700. 28,700 *.90(What is kept after tax) = 25,830 - 20,700(original cost) = 5,130 net sub profit Now, it usually is not this simple and easy as there can be a decent waiting period for other player to use the buy now/sell now function on the market and a lot of undercutting by others also trying to flip. Hope this helped fellas. |
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