Last week I was hanging out with family and I was unceremoniously outed as a Pokemon investor/collector and then was proceeded to be ridiculed. Ughhh....at some point we've all been there and was put in a position, to "defend" our purchases even though the people we're talking to won't be convinced otherwise. So today, I decided to take that incredibly annoying conversation into a learning opportunity for any of us who maybe sometimes have moments of doubt with Pokemon.
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Last week I was hanging out with family and I had the opportunity and privilege to try and explain to older generations why we spend money on Pokemon cards. Of course it went exactly as you can imagine and I convinced no one of anything. Actually I take that back, I convinced myself that the conversation was pointless because they had already made up their mind.
That said, I figured I'd take the opportunity to preach to the choir, go on a rant and break some things down:
1) why it's okay to use Pokemon cards/product as an investment tool
2) why Pokemon is fundamentally different from Beanie Babies and
3) why the crash of Beanie Babies isn't an indication of what the future holds for Pokemon.
- Intro | 0:00
- A Few Common Misconceptions | 3:03
- Why Pokemon and Beanie Babies are FUNDAMENTALLY different | 5:52
- What to do in the future | 8:04
What is Geeked Out Collecting?
At Geeked Out Collecting podcast we apply financial and investing principles to our hobby collecting - from trading card games like Pokemon and Magic the Gathering to Comic books and Funko Pops, we do it all. The goal is to turn dusty hobby collections into profitable nest eggs.
Find us on: www.geekedoutcollecting.com