Results 11 to 18 of 18
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03-20-2003, 09:23 AM #11
I think what makes it fun is how it is similar to the stock market. You take risks, you follow the tenet buy low sell high and you can also trade with others and work up a "portfolio." I think it's a better investment and safer than the stock market (if you don't count the surge in the last couple days due to the war).
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03-20-2003, 06:33 PM #12
Plunge, I'm a hedge fund manager and actively trade the markets each day for my firm, so I can relate. Sounds like a great thing, I might get into it.
Tim
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03-20-2003, 06:51 PM #13
im going to post on why i dont like them.....sure you get great cards and only the ones you want but that takes the fun out of it....you cant open a pack of etopps at the card store, that takes at least half of my fun out of it....you may call me old fashoined but for every hobby box i have been disappointed with i also get the ones that include the kobe gu jersey.....the shaq auto and the T--Mac gu floor/film my fav. part of collecting is opening the boxes in fact i would open the packs and sell every card in them (cept Lamar Odom and any nice gu/autos) just to be able to buy more....i love the experiance and the chance to open something awesome....thats my opinion
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03-20-2003, 07:10 PM #14
Originally posted by stkmtimo
Plunge, I'm a hedge fund manager and actively trade the markets each day for my firm, so I can relate. Sounds like a great thing, I might get into it.
Tim
Well Timbo,
just like I you will love it, I left the financial services field, I only did mutual funds, but they were cool and working with Smith Barney (who I believe are some of the greatest fund mgr's on the planet richie freeman baby)van kampen , putnam and aim people. I like etopps because of the same thing, just what could happen if that one player is like the walmart and microsoft were years ago. I will take them any day of the week and they even reward with performance bonuses sort of like dividends so it is really cool, but trust really addicting.
my .02 worth
gio:hop:
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03-20-2003, 07:55 PM #15
Hey gio,
I agree with you there. Richie Freeman is a star over at Smith Barney. Some fund managers have all the luck, lol! He is a really good fund manager, though. Interesting, how did the financial services field treat you?
Tim
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03-20-2003, 08:38 PM #16
Really well I was sitting with some of the people who worked with last night, the office jsut went to hell, in 3 years I amassed not much maybe around 3 million in AUM and you bet believe on of those had some richie, hersh cohen and johnny goode in their life. Most of time I went with SB, and use VK for the others because VK aggressive stuff was more aggressive than most, but the main guy couldn't switch out of tech.
But richie I had a chance to meet him and others at our annual convention last year, got his auto (can you believe that) I am like I buy cards with sports figures auto and they take $$$ out of my pocket, but here are these SB guys who are putting money in my pocket.
A smile jsut came to my face, thinking about richie less than 4% turnover on a aggressive growth fund, which is unheard of in the business, I guess that is what experience does for you.
all in all I left the office back in aug 2002 just sick of the politics, have been thinking about going back, one of the sweetest thing about being an independent contractor.
I applied at Ed Jones but they turned me down, I probably should have told them I had no experience, would have got on with them then I bet. 3 million AUM in 3 years and was only licensed for about 2 of them is really good I think especially when the avg transaction was a shady 2-3K rollover and some 25-50 dollar monthy pac's. I don't think I really want to get out there and hustle like that anymore, maybe buy a established business and just run it and pay others to do the hustling.
heck I dunno
GIO
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03-20-2003, 09:16 PM #17
Wow, interesting stuff. I'm doing OK here, war is helping...
Tim
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03-20-2003, 09:52 PM #18
Originally posted by tutall
im going to post on why i dont like them.....sure you get great cards and only the ones you want but that takes the fun out of it....you cant open a pack of etopps at the card store, that takes at least half of my fun out of it....you may call me old fashoined but for every hobby box i have been disappointed with i also get the ones that include the kobe gu jersey.....the shaq auto and the T--Mac gu floor/film my fav. part of collecting is opening the boxes in fact i would open the packs and sell every card in them (cept Lamar Odom and any nice gu/autos) just to be able to buy more....i love the experiance and the chance to open something awesome....thats my opinion
See Tutall... those are the reasons why I HATE the cardboard industry now. Those ultra rare inserts are what has priced me out of the hobby. I can pay $1000 for a box of cards and not pull a damn thing. At least I know what I'm getting when I put $1000 into etopps and I can watch my investment grow.
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