It’s working. I can’t believe it’s actually working.
Since writing my “Credit is King” article a few weeks ago, I have managed to turn about $170 into over $500 in store credit. This growth is a result of nothing more than taking trade-in credit from one vendor to purchase cards that a different vendor has a better buy price on (including credit). At first the task seemed daunting and improbabe, but after a half a dozen cycles across three different retailers, I can confirm that this strategy is 100% effective.
At least for now…more on that later.
But before I dive into the cautions of this approach, I first want to share some high level observations on the three vendors I use most frequently for this credit experiment: Star City Games, Card Kingdom, and ABU Games. By understanding a few valuable rules of thumb and observations, we can begin to piece together how this credit experiment has been so successful to date.
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Eternal Weekend created a great deal of buzz throughout last weekend. And while most Twitch viewers were tuning into SCG’s Modern event, the Twitterverse was alight with Legacy tweets.
Coincidentally, my family was punctuating the end of a weeklong summer vacation with a seven-hour drive home. In the passenger’s seat, I was able to catch some of the coverage on Saturday. Believe it or not there were a couple of noteworthy tidbits worth some focus. This week I’ll highlight some important observations from the weekend. And while everyone is suddenly a Legacy fan all over again, I’ll reiterate some ideas and cautions with Legacy speculation
Legacy is Dead…Long Live Legacy
The first tweet that caught my eye was Dr. Jeebus’ sarcastic one, which highlighted the terrific turnout at the Legacy Championship:
Clearly Legacy offers an allure that is unmet by other formats. One Twitter member suggested that the shortage of major Legacy events, combined with Legacy players’ willingness to travel, will lead to larger Legacy events going forward. That really does make sense – there’s a pent-up demand for Legacy tournaments. So when a Legacy event does pop up, all those players with Legacy withdrawal are likely to attend if at all possible.
So with this data in hand, we need to rush out and speculate like mad on Legacy staples right? With so many cards on the Reserve List combined with the age of some of the format’s staples, there is an obvious chance to invest and reap dramatic rewards as Legacy continues to age? Right?
Not necessarily.
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It’s been nearly three years since we saw the reprint of shock lands. In other words it’s been three years since dozens of MTG speculators invested in fistfuls of the Modern dual land – it was the beginning of a long, arduous journey…a journey with few bumps and even fewer profits. If bonds are seen as safe, unexciting investments then RtR shock lands are the epitome of MTG bonds. Except, with shocks there were no distributions or dividends.
Naturally, when Khans of Tarkir brought us the Onslaught fetch land reprint, many financiers, myself included, were leery of the investment opportunity. Could this be another shock land debacle? Would fetches be reprinted again and again in subsequent sets, making all prospect of profits virtually absent?
I’ll be first to admit I thought the answer to these two questions was “yes.” Acting cautiously as always, I limited my exposure to Khans fetches to no more than around twenty copies. When I shifted focus towards a portfolio refresh via massive liquidation at GP Vegas, I unloaded the vast majority of my Khans fetches. Fortunately, I made a handy profit on this pursuit. Unfortunately, I missed out on additional gains.
I hadn’t foreseen this:
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The latest Magic set, Origins, is nearly upon us. As we approach the prerelease, it’s always worthwhile to have a finance strategy in place ahead of time. Which cards do you need to move immediately? Which ones are worth holding onto in the hopes the card becomes the next Thragtusk or Dragonlord Ojutai?
This week the MTG Price Protrader team is going to provide all the spoiler coverage you’ll need for your Origins prerelease. Seeing as my article goes live first, I have the pleasure of bringing you a review of the White rares and mythic rares in the set. Since my general finance focus is on eternal formats and low-risk investments, I’ll try and shine some light in these particular areas.
Without further adieu, let’s get started!
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