New Year, New You?

Michael Osacky
Jan 4 · 2 min read

It’s a new year which means…new goals/dreams/reflections. For some of us a new year signifies a chance to continue the progress we made in the prior year. For others a new year gives us a chance to reset and start anew. Regardless, of which “boat” you fall into, I always get asked the same questions at the start of every year. Let’s go thru each one.

Q: I have X amount of dollars to spend, where should I spend it?

A: This is a very scary question. It’s not a bad idea to ask others their opinions, but asking somebody else to spend YOUR money is a scary proposition. The thought process and research should come from you. It’s your money!

Q: I am up a lot of money, should I sell?

A: This is different for everybody. We are all in different tax brackets, single/married, kids/no kids, etc. It’s very difficult/impossible to time the market correctly. Therefore, I ALWAYS advocate creating a profit goal BEFORE you purchase a card. Ex: I buy something for $100. If it goes to $200, I will sell it. The profit goals will differ based on risk/personal situation/job/etc.

Q: My friend/neighbor/co-worker, etc is buying lots of XYZ player. Should I also do the same?

A: I usually steer clear of where the herd is flocking to. However, do the research and if you also think XYZ player is going to have a great season/career, then take a dip and buy the card.

Q: Do I think XYZ player is going to have a great season and should I buy his card?

A: I am not a psychic. If I knew, I would be a billionaire. It’s nearly impossible to predict injuries, performance, and off the court behavior.

Q: Should I get this card graded?

A: It doesn’t always make financial sense to have every card graded. Do the research online and compare the condition of your card to what other graded cards look like.

Q: My card looks like a 9 or 10. Should I have reviewed by PSA?

A: It’s up to you. In general, we all think every card we own is a 9 or 10. FACT: It’s not the case. There is a reason why cards sell for a lot in a 10 holder vs. substantially less in a 7 holder.

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Card Ladder

Card Ladder official blog discussing all things cards

Michael Osacky

Written by

ISA Certified Sports Appraiser. Lead Appraiser for PSA (Professional Sports Authenticator) Writer for Parade Magazine & Forbes www.baseballintheattic.com

Card Ladder

Stay up to date with all things cards through the official Card Ladder blog. Learn about trends in the hobby, market fluctuations, how to build your own collection and so much more.

Michael Osacky

Written by

ISA Certified Sports Appraiser. Lead Appraiser for PSA (Professional Sports Authenticator) Writer for Parade Magazine & Forbes www.baseballintheattic.com

Card Ladder

Stay up to date with all things cards through the official Card Ladder blog. Learn about trends in the hobby, market fluctuations, how to build your own collection and so much more.

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