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  • Writer's pictureDan Keane

5 BEGINNER MISTAKES WHEN INVESTING IN SPORTS CARDS!

As a beginner in the sports cards investing world, it's easy to make mistakes that can cost you time and money. Here are five common mistakes that new investors often make:


1. Buying cards based on short-term trends or hype: It can be tempting to buy cards that are currently popular or in high demand, but this can be a risky strategy if the popularity doesn't last. Instead, try to focus on buying cards that have long-term value and a track record of holding their value.



2. Not doing enough research: It's important to thoroughly research the sports cards market and the specific cards you are interested in before making any purchases. This includes looking at sales data, market trends, and the overall condition of the cards. Don't just rely on the seller's word – do your own due diligence to ensure you are making informed decisions.



3. Paying too much for a card: It's important to be aware of the market value of a card before making a purchase. Don't be afraid to negotiate for a better price, and be wary of sellers who are trying to charge significantly more than the market value.


4. Not properly storing and protecting cards: Proper storage and handling of cards is crucial to maintaining their value. Make sure to store cards in protective sleeves and in a cool, dry place to prevent damage. Avoid handling cards too much, and don't expose them to extreme temperatures or humidity.


5. Failing to diversify your portfolio: It's always a good idea to diversify your portfolio, even when it comes to sports cards. Don't put all your money into one player or team – instead, try to spread your investments out over a variety of cards to reduce risk. This can help protect you if one particular card or player doesn't perform as well as expected.



By avoiding these beginner mistakes, you can set yourself up for success in the sports cards investing world. Remember to do your research, be smart about your purchases, and diversify your portfolio to minimize risk. With time and experience, you can build a valuable collection of sports cards that will continue to grow in value.



Written By:


Dan Keane




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