Compounding Profits With Long-Term Investments: Hobby Boxes
Most of my investments go towards short-term flips that produce cash flow. It’s the lifeblood of my business and what keeps me turning over inventory frequently and having more and more cash to spend.
After all, if someone handed you $10k to build a business, you wouldn’t go spend it all on Apple stock, right? Your money’s tied up.
But…
Any rational person saving for retirement has some money in long-term, consistently growing assets. These are lower-risk, set-it-and-forget-it investments that grow for many years.
So Why Talk About This Now?
Two main reasons why:
PSA has made things harder with increased turnaround times and higher prices. They just opened up a $60 tier (which is great news), but turnaround times are nearly 5 months. Makes me pickier about which cards I send in.
I recently sold several cards at once and decided to put a chunk of that income into a long-term asset, with the rest going back to grading candidates.
And that second point is my favorite way to invest in long-term assets: with your profit.
You don’t spend the only money you have on something that you want to hold for years. You wait until you have a good month and squirrel some of it away into a hobby box or long-term hold players.
Today, let’s talk about hobby boxes, walk through the math, and discuss the best options to buy.
Here’s how I spent my money this week:
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