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View Full Version : The not very typical Am I getting too old?-->Do I cash out?--> Start investing



jazzykat
03-10-2011, 07:39 AM
A few things.

1. I'm 30 and I'm married. It seems that Legacy players sometimes get laid and I am happy to be one of them. Now, how many good Legacy players get laid...? I'm not saying they are mutually exclusive but as we get older life places more demands on our time, which translates into less time for what I initially assume was meant to be a game that you grew out of like D&D and would make a company some money by selling packs.

Bottom line, I am starting to feel mildly absurd still playing these cards and am frustrated at the same time as I can' t spend enough time to be as good as I once was.

2. I used to spend a lot of time on MTG. Recently, I just started taking a more active interest in my retirement planning as I have been making enough money to actually have to figure out where to put it. I'm actually not that bad at it, and being just average is pretty good because over the long haul markets go up (eventually...). I guess I have a lot more satisfaction with a reasonable annualized rate of return than I do coming in second in a MTG tournament. But while intelligent disciplined investment in equity/bond markets will slowly make you more wealthy (which is strangely fun for me) and MTG playing will just be fun(hopefully).

Right now, I am having more fun learning about and making a long term plan with my personal finances than I do playing cards.

3. My collection is apparenly worth a fair some of money even though I divested over $1200 in early 2009 (a shitty time to sell). I have ~60-70 (9 underground seas, and extras primarily of the blue duals) duals. A full set of power plus a extra pack fresh ancestral. Drains, library, random shitty collector cards (Abyss, Island of Wak Wak, etc.) and playsets of just about every legacy staple past and present.

I'm thinking that if I cashed out, I could have somewhere along the lines of $4000-$5000 without doing too much work. That is enough to fund my IRA for a year or open up a small brokerage account with 4-5 ETFs and play.

4. Is it time to grow up and play big boy games?

Hopo
03-10-2011, 08:11 AM
If you really don't have time for it, go ahead and make big bucks. Remember, though, that people tend to get back into this game and when it happens, you will be so sorry about selling your cards now.

I'm over 30 and married with children, but I still enjoy the occasional eternal-tournaments and kitchen table magic is one of my favorite uses of freetime at the moment. It is true that one just doesn't have the crazy amounts if time to spend to this anymore, but at the moment I don't see that as a problem since there's so much more in life than just magic.

Go ahead and sell, but you will be back.

ramanujan
03-10-2011, 08:34 AM
Hello,

I am in a similar boat. No power, but lots of staples, duals, a few good misprints, ect. I am 31 so take what I am saying as you from the future. Money is cool and all but if you get out, it will be that much harder to get in. Those seas are easier on your psyche to sell than they ever are to buy.

I would highly recommend keeping all the stuff you will ever need to play the deck that you really enjoy playing the most. Try to stick to a safe archetype, like goblins, merfolk, rock variants, countertop, ect. Something that is not too dependent on restriction risky cards. That way, you can always play if you want and you get a good start on retirement as well. As a bonus, knowing that you are pidgin holed in to playing an archetype means that your skills will probably increase with it. I know that because I can make most decks in legacy on a whim I often do, later finding out that I need to spend lots of time perfecting my play causes the cycle to repeat. By sticking to one deck, you will develop skills and instincts that newcomers to the deck wouldn't find for a long time. No matter what you do, make sure that you are cool with your decision. It is significantly harder to right the course than to take the correct one in the first place. That last one applies to your retirement plans as well.

Peace

android
03-10-2011, 08:59 AM
I am also in my 30's, invest in retirement and have a Magic collection. I just wanted to say that the rate of return on my Magic cards (if I sold today) is much greater than my financial investments. Am I doing it wrong?

Nelis
03-10-2011, 09:41 AM
Im in my thirties as well. Ive sold a few of my staples because they were just sitting in my folders for years without ever being played (like survival). The only decision I regret is selling my Underground Seas (Ive kept the rest of my duals).

My advise is to keep at least a playset of all duals (just get rid of excessive cards) and keep hard to replace cards (usually the expensive ones) unless you never really with play them. BUT I would spend the money on things that last (like a house or art or whatever) or on something to improve your life. I for instance bought sports clothing and am now, after a life of hardly any exercise, in the gym 3 times a week, and do some running the other days. I lost 13 KG already and I feel great about that decision.

jazzykat
03-10-2011, 10:23 AM
I am also in my 30's, invest in retirement and have a Magic collection. I just wanted to say that the rate of return on my Magic cards (if I sold today) is much greater than my financial investments. Am I doing it wrong?

In short...no but you really have to make sure your records are good and measure things fairly (i.e. did you spend $20 or $30 on that sea, when did you buy them, how much inflation was eating away at holding cash/cards etc.)

Very simply though if you bought one of the major indexes in 2000 and looked to sell in 2010 you would have made almost nothing. I am pretty sure the underground sea you bought for $30 dollars and sold for $80 now does yield you a significant profit. The problem is you need to sell something like 20 Seas to realize an appreciable gain ~$1000 to be well worth you doing the leg work.

To everyone else that has already answered, I VERY much appreciate the thoughtful responses.

The Wolf
03-10-2011, 10:39 AM
You should never feel compelled to sell something because you feel like society thinks you’re too old. If you don't want the cards anymore, then sell them. If you want them, then keep them. It’s as simple as that.
Also, when looking at the value of a magic collection such as you’re compared to the total amount of money that you will go though during your life till your retirement, it’s pretty small.
People look at magic cards too much like cash, and forget the nostalgia attached to them. I would never sell a lot of my cards because I put years of my life into it. Again, if you don’t want them, then forget it. Turn it into cash and go on a vacation or something. But if you want the cards, I think selling them is a mistake.

android
03-10-2011, 10:42 AM
I think ramanujan and Nelis are correct in that you should comb through your collection and keep the cream of the crop. Sell anything that is excessive or that will not simply appreciate over time due to rarity. That should net you something.

Which sort of brings us to the point I want to make and advice I would give you.

A good portfolio is diversified. Wise investors look to put their money in anything that has a consistent return. I think Magic cards have proven to be a relatively solid investment. Don't view them as a liquidable asset at this point. I feel your collection has not reached maturity to the point that you are gaining optimum returns if you sell now. That being said, if your house burns down...

jrw1985
03-10-2011, 11:45 AM
Don't cash out if you're still playing. Let your money be your money and your hobbies be your hobbies. Those financial advisers that try to convince you every dime you spend is supposed to yield returns are full of shit. Buy a house because you like the space and the neighborhood, not because you think it's a good investment. Buy Magic cards because they bring you satisfaction, not because you think they're sound financial investments.

If you plan on cashing out your IRA in 35 years then your $5000 investment should have doubled roughly 3.5 times (Rule of 72, ~7% interest rate, 72/7=~10, 5K,10K,20K,40K,~60K). So you're exchanging your collection right now for 60K 35 years from now. Seems good, right? But you're also giving up 35 years of enjoying those cards, playing in tournaments, having a hobby that's gratifying, intensely interesting, competitive and (drumroll!) interactive.

Think of all the sad, passive, frustrated sports fans that are so anxious to be involved in any way with their chosen hobby that they buy into Fantasy Leagues, gamble to excess, and pay $80 a ticket, $20 to park, $30 on beer and concessions PER GAME they attend, all to sit in an uncomfortable seat next to some drunken boorish lout and just passively WATCH! We get to PLAY! We concentrate and make decisions and scheme and make reads and out-strategize and have a great time doing it. 20 years later the collectible pieces of cardboard we played with (unlike the ballgame ticket stub) retain value! So even if you don't sell and invest your collection for 5K now, there's still a good possibility in 35 years it will be worth a good portion of the 60K it would have been worth had you sold off. And you know in 35 years it won't be worth less than 5K (including inflation). Comics have proven that geeky obsessions maintain value in the long haul. I don't see Magic cards being any different.

One final point- In 35 years that that 60K will be worth much less to you. You will have 35 more years of work experience behind you and your salary will reflect that. Unless you prove to be nothing but a fuck-up for the next 35 years, then an extra 5K in your IRA now is not going to break the camel's back. And, heaven forbid, you become nothing but a fuck-up, then you probably would have cashed in your IRA for hookers and blow along the line anyway, so it's a moot point.

And, oh yeah, you might just die in the meanwhile anyway, having squandered a life of interesting experience in exchange for one of perceived security.

I apologize for rambling. Of course, if you've lost interest in the game, your friends don't play anymore, it's not something you think your kids would ever be interested in, or you just plain-old don't give a shit anymore, then sell them! An absolutely wonderful and much overlooked aspect of this hobby is that it's not prone to depreciation the way other pasttimes are. When you feel like getting out you can do so while getting some cash back. You may not make a profit, but you'll be closer to even than if you'd spent that money pimping your ride or buying every Dreamcast game or entering your daughter in Little Miss Sunshine pageants.

android
03-10-2011, 12:19 PM
Oh, and Fuck-ups love Magic cards btw. No offense to all you fuck-ups out there. :tongue:

dahcmai
03-10-2011, 04:45 PM
I'm hitting 40 this year (groan) and still play, though I have noticed I keep leaning toward EDH more than anything now. I rarely like playing Legacy anymore and even Standard is starting to lose the appeal it once had. I play in a really cut throat area though with several pros so that might have something to do with it. It's always for the win and never for fun.

I'm not the greatest with retirement stuff, but even I don't think I could get even close to the amount of return I get from Magic. I recently sold off all my Vintage stuff since it seems the format is dying and put the money on my house. I definitely did not have that much money in those card as what I sold them for in the end. The legacy stuff calls for me to do that same, but I hang in there for some reason despite not playing much anymore.

So I'm in the same position really when it comes down to it.


I'm going to stay in it.


Reason being is I still have fun playing EDH. It's a great format for those of us who get burned out on the highly competitive side. It feels like the old tabletop days to me and the tabletop players are the ones who enjoy it most so it's always a good time. The Legacy stuff can go visit the closet for a few years if need be.

I also have seen entirely too many people quit the game, sell off their cards, then come walking back in the door a few years later shocked to see the prices of the cards they used to make cardboard airplanes out of during the time they played. They sometimes won't even make that transition back into the game due to the cost of start up. I don't want to be one of those guys.

Maybe someday I might give in and sell out, but only when I have absolutely no desire to play at all. If I have any thought to playing here and there, I will keep it all. There's nothing like pulling out an Ante deck and showing the kids how it's done.


One last note, I recently pulled out a box that I hadn't opened in a long, long time and it was full of stupid fun decks I had made years ago. A coin flip deck, an all Treefolk deck, and my Sorrow's Path Shark deck. The Sorrow's Path Shark deck is a horrid crap pile of junk that was amusing as hell and used a ton of cards that I wouldn't use in tournament for much of anything.

The contents included 4 Candelabras.


Yeah, if you're tired of the game, stuff them in a closet. Sell off the Vintage stuff and go play EDH. Just trust me.

dakkon
03-10-2011, 05:13 PM
I'm in a similar boat. I'm turning 30 this year (yikes) and plan on getting married + having little hellions in the next 5 years. I know several eternal format players in my area so we play about every two weeks. My current schedule permits me to play in ~ 3 big events a year (gencon and nearby SCG opens/GP) and this will only decrease post marriage and kids.

I would suggest cashing out at least your extra duals and niche cards but keep your legacy staples as long as you are still playing. It's financially sound to sell your power. I had considered doing so since I only play sanctioned vintage once a year (if that) but I'm tied to a lot of those cards because of their sentimental value. I'm sure you feel the same but it's definitely easier to be objective when speaking of someone else's collection!

Long term speaking, I would "want" to continue playing but life would only give me the opportunity to do so a few times a year. Is that really worth gumming up $5-10K?

Meister_Kai
03-11-2011, 01:38 AM
I haven't posted here in over a year, but felt compelled to respond to this topic, you're a special guy Jazzykat lol.

While I am not in my 30's and only have a girlfriend, I have more or less stopped playing Magic as well. Being a poor almost-graduate student in America, I needed a hobby that wasn't as cash or time intensive as Magic but still appealed to the strategic and deck-building mindset that Magic presents.

This is why my chosen game is now Warhammer 40K.

Magic is simply too time-consuming and money-consuming to keep up with nowadays. I never played Standard but that is now completely out of the question, $40 a piece for multiple cards that I need many copies of, which will be worthless in less than a year? I don't think so. Legacy staples skyrocketing, the metagame fluctuating constantly, It just became way too much.

Meanwhile, I bought my Eldar army for around $500, it has everything I need to be competitive thanks to people like Stelek at Yes The Truth Hurts, and the army will be good for another 2-3 years (which would be 7 years total if I was to have started the army when the codex came out in 2006). Besides, when the codex is redone in a few years, its not like the entire army becomes worthless, good 40K armies stand the test of time and I should only have to plop down another $100 or so (easily won in a tournament) to update the army to snuff. The game has a deep story to keep one interested, modeling, painting, and list building to take up time, and is a hoot to play as well. Plus, the game advances at a snails pace, which is perfect for those of us with "lives".

That Legacy/Standard deck you just plunked $700 on? Bad in 4 months, or less possibly. Of course there are also decks like Zoo which will never truly be "bad", but those are few and far between.

I second those that say don't sell your favorite cards. I sold half my excess collection for around $500 (to pay for the Eldar army and some school books) but kept my White Weenie, Dredge, and my favorite deck whatever-was Enchantress (along with the Moat I traded so vigorously for). I plan on having these decks be the only decks I keep, and when I want to play day-to-day Magic I will play pre-cons or draft.

I am planning on selling the other half of my collection to buy an engagement ring and perhaps have my Dark Eldar army painted.

Either way, good luck man, and just know that few people ever quit Magic entirely. However, I believe now is the time to sell your expensive cards.

ivanpei
03-11-2011, 01:51 AM
I agree with most of the posters here as I am in the same situation. (Working, getting engaged etc). I would say it's best to dump the power since Vintage is dying. I'd also dump all the fringe stuff that aren't staples but insanely expensive. Remember Sea Drake? That used to be so expensive! Look whats happened to it due to power creep. A 4/3 flyer for 3 used to be broken, but now you have KOTR, Warmonk and Cliques which are of comparable powerlevel with no drawbacks.

I'd hang on to the 40 duals and stuff like force + goyfs. At one point of time I had 10+ Forces but I've diluted all my spares. Don't regret it though as I am now a proud houseowner and I made like a 12.5% return on investment in 6 months (Thank you property boom!).

Parax
03-11-2011, 02:05 AM
Oh, and Fuck-ups love Magic cards btw. No offense to all you fuck-ups out there. :tongue:

Hey Android! I resemble that remark!

jandax
03-11-2011, 06:09 AM
Build one Legacy deck that's powerful and has blue cards and duals. You'll get the itch and opportunity to go to a local at some point, and you'll be glad you did. and build two EDH decks that are powerful and always fun, for when you get the itch and opportunity.

Sell the rest.

Move on for now. Even if the decks sit in your closet, they're likely only to appreciate in value if you ever need to turn a quick buck. Magic cards are a liquid commodity, you can take them just about anywhere in the modern world and make some money with them.

the Thin White Duke
03-12-2011, 03:58 PM
I can speak to a couple of points here, but first people have to determine whether they need to sell their cards or should they sell. I've been in a couple of cases when I needed to sell off most of my collection because of "life events". Also in my case, I'm an addict. Magic keeps pulling me back in; until recently. My wife and I are buying a new house and it's coming time to get serious about making a little crumb- cruncher of our own. Nobody in my area plays Legacy and my wife and I don't play much on our own these days, so I've been a good boy and stayed away from the enablers around here. (My wife doesn't complain that I'm spending $ on Magic anymore, but she still complains about the time I spend here on the Source) Anyway, long story short, I'm realizing that I can (probably) survive without Magic. So ask yourself, "self, can I live without Magic?"
The other thing is actually selling your cards. (I'd like to get verbose with my opinions about the absurdity of the Magic "market", but I'll spare all of you.) If you have Power, you should probably sell that shit ASAP. I don't see how the Vintage market can grow. It's more about "collectible" than "game" now, so supply and demand doesn't have much effect on prices. If collectors aren't demanding and no one wants to pay to play, then where can prices go? Legacy staples are heading to a similar critical mass. It's a popular format, but how many more people are paying for those cards to play? Legacy staples aren't as collectible as older Vintage staples, so that limits demand on the collectors' front. I guess what I'm saying is sell now while you have a good opportunity to cash in.
That is if you're not going to regret selling all those precious memories...
(oops that might not help)
p.s. I'm tired, stressed, and doing three other things atm, so I apologize if this post doesn't make much sense.

keys
03-12-2011, 04:21 PM
Vintage has a very small but loyal following. It is very much a collector's format, and I don't think the price of power is ever going to drop. However, investments in cheap legacy staples have much more room for growth.

lorddotm
03-12-2011, 04:43 PM
Vintage has a very small but loyal following. It is very much a collector's format, and I don't think the price of power is ever going to drop. However, investments in cheap legacy staples have much more room for growth.

I disagree, I think the Vintage staples won't change in value, but your actual dollars will, so I think in the long term you are going to lose money investing into Vintage. Legacy is a rapidly growing format.

dahcmai
03-12-2011, 11:28 PM
Remember Sea Drake? That used to be so expensive! Look whats happened to it due to power creep.

To be fair, Sea Drake was artificially inflated. It was an experiment. I thought everyone knew that story.

keys
03-13-2011, 08:22 AM
I disagree, I think the Vintage staples won't change in value, but your actual dollars will, so I think in the long term you are going to lose money investing into Vintage. Legacy is a rapidly growing format.

If you're suggesting that investments in money markets outperform the appreciation of value of Power, historically you are wrong, and I don't see any reason to believe this will change. That said, and I reiterate, Legacy staples do see more short term growth.

colo
03-13-2011, 09:37 AM
I've been playing what you call "big boys' games" for more than three years in the stock market now, and I've been doing really, really well at it in terms of relative turnout. The problem is that all that success doesn't amount to anything _really_ substantial if you haven't had stockpiles of money to start with (I'm much more on the speculative, short-term side of things though, so that's all I can really talk about). My point is - I really don't think it's worth selling off all those fine cards you collected and cared for for the better half of your lifetime for a measly 5k or 10k, if all you're going to do with it is invest it to (hopefully) make some more money. Those few grand just don't make enough of a dent to really matter - if it'd be 50k or 100k, things would probably look a bit different, but that's not the case for most MtG collections I know. ;) And there's also the chance to lose just about everything due to the market going batshit-insane-bonkers practically over night.

I've already had my first eight-year hiatus from MtG, and I'm incredibly glad I did not sell my collection back then when I first quit the game. My cousin, otoh, wasn't that lucky, and I can see he's biting his butt at times because he wishes he'd still have some of his own cards left.

If you don't deperately need the money, don't make sacrifices for it - esp. not any of the kind you're maybe/probably going to regret later on.

M 2 cent :)

Joe_C
03-13-2011, 11:15 AM
I'm 34, married, and have 2 daughters.(6 hrs and one 8 months). I had considered selling it all away at one point, but I still love the game and am lucky enough to travel to places where I know people who play that are at least closer to my age, and at least act like responsible adults. I can't say I go to a ton of tournaments, but it makes me appreciate the ones I go to even more and it's a chance to have some "me" time doing a hobby I love. Also, I'd like to think at some point I can get my kids interested in playing. So why not save what I've got and let them take the reigns once I am really "too old" to play.

dahcmai
03-13-2011, 01:35 PM
On the same subject, colo, I have no idea how to do anything in the stock market itself. If someone was to "cash out" and go to that game, where's a good place to start and what's considered enough to really start making a decent income? My collection is considerable and it would be nice to know if someday I decided to do that. I've just been collecting rental houses and having a management company run it since I don't know much about stocks and such.

I'm sure there's a few others who might wonder the same thing. There's a large core of Legacy players who have one hell of a collection that would go over the 100k mark.

Philipp2293
03-13-2011, 03:42 PM
Hope that todays tournament convinced you to keep atleast 1-2 decks for the occasional legacy.

Octopusman
03-14-2011, 01:05 AM
I'm 30 and have played magic for quite some time.
When I was 15, I thought I was too old to play. Disappointed with Ice Ages and feeling like I had few people to play with (main comic shop closed that people came to for mtg) and going into high school, I sold my collection to Super Stars (Channel Fireball). Getting a few hundred bucks felt good at the time. However, I still remember the sting of selling the playset (40) of revised duals. They still hadn't gone up tremendously since they went out of print shortly prior with the release of 4th Edition and I got "selling to dealer prices".

Years passed, but I remembered how much I loved magic. I bought more cards once more.
I sold of my collection and bought back into magic two additional times after this. Each time, I let go duals, Force of Wills, etc, and reacquired them.

I had the realization that I didn't need a huge collection to enjoy magic. Currently, I have a decent pile of cards which enable me to play many UW control decks that I enjoy playing. I have a pet deck and Dragon Stompy. Aside from that, I have no strong desire to make any additional decks. They just wouldn't get used. Although I don't have a ton of time to play, I get to play with cards that I love when I do. I realize that I just like playing magic and I don't really foresee that changing. Seeing the wide age ranges of people who play this game, I feel like I can play it for years to come. When it became difficult to find people to play in the area, I started looking for them online. Worked great.

I never plan to sell off my cards again.

I'd sell almost everything but keep a deck or two and some staples that you can use to customize the deck and buy the upgrades as they are printed for cheap as needed imo. Like other have mentioned, I think you can get the enjoyment from magic when you do get to play by having a deck or two that you really take on as your decks. Your favorite decks(s). From the sound of things, you should be able to still get a pretty penny for the remainder of your collection. You can get the best of both worlds.


To each his own. Good thread.

jazzykat
03-14-2011, 04:49 AM
Hope that todays tournament convinced you to keep atleast 1-2 decks for the occasional legacy.

They're not gone yet ;) BTW, good games especially the last one where you mulled to 5 and still put me on my back foot.

Muradin
03-14-2011, 06:36 AM
I started University last year with a very work intensive subject. So I thought there won't be much time left to play MTG besides school and some hobbies, that are more important to me than playing cards. Still, I enjoyed playing the game and went to quite some Legacy tournaments, whenever I found time to do so. Now most of my friends and me decided to sell all but 1 deck and keep a nice one for occasional play, as it was still quite enjoyable most of the time. Those decks were all very strong and competitive at that time.

Don't do that. Once you can't customize, see prices go up and can't build new decks, you'll lose interest quickly. Without the aspect of deckbuilding the game isn't interesting at all. I got national legacy champion with that deck and did very well in all the tournaments I attended. My rating is high as shit and I made like 500 Euro profit playing magic cards last year.

But once you don't want to buy Jace, the Mindsculptor due to it being stupidly expensive, your deck is bad half of the time in the current metagame and you have to lend a shit load of cards every time you want to play, it isn't the same any more. To me it seems its just the same for some other guys here I don't know personally (so I don't know if its for the same reasons in their case). For example Rodney Hannigan (Dreadstill guy). He would never change a card (besides perhaps some cheap sideboard cards) in his list and seems to be doing quite well in tournament play. Still, it ain't the same.

I even made the experience that some people tend to get seriously pissed if you go to tournaments with that "old, outdated deck" you always play, read the new cards (Green Sun's Zenith? Tezzeret, Agent of Bolas...) and still do well.

My advise: Keep it or sell it all. Keeping "only some good ones to play with" will result in you selling the rest or buying it back again in the long run. However, selling redundant copies at least might be a good compromise.

colo
03-14-2011, 09:18 AM
On the same subject, colo, I have no idea how to do anything in the stock market itself. If someone was to "cash out" and go to that game, where's a good place to start and what's considered enough to really start making a decent income? My collection is considerable and it would be nice to know if someday I decided to do that. I've just been collecting rental houses and having a management company run it since I don't know much about stocks and such.

I'm sure there's a few others who might wonder the same thing. There's a large core of Legacy players who have one hell of a collection that would go over the 100k mark.

I'm not saying I'm an expert on the subject or anything - I just had some money and nothing to spend it on in late 2006, and it wouldn't have been the greatest of tragedies if I had lost it all. So I figured I could try to make use of my knowledge about (mostly IT, but also other fields of) technology and its markets and startyed investing in NASDAQ stocks. There are several companies in Europe that make it very easy for anyone with a bank account to start doing that (Cortal Consors and Brokerjet, for instance), and if you keep in mind that they will take some amount of service fees for enabling you to do all that, they're probably the best (and only ;)) way to get into this thing as an ordinary guy from the intarwebz. Depending on the volume you're trading (mostly in terms of quantity - how often you buy or sell, and how much money is involved in those deals) that will cost you a few percent of what you have bunkered in your account at that company's site.

I would never consider making trading stocks my primary source of income or anything like that. Anyone who does that is either insane, or desperate - probably even both. I do it for fun mostly, and then some profit in the end as well. It's like a game of chess with boatloads of (mass-)psychology poured into it for a change, and the amounts of money involved in my case aren't huge at all (although I do regret at times that I did not have more money to fuel my account with initially), I'd only ever invest money that I'm certain I won't need otherwise. I actually started with a fixed sum, and did not ever invest more of "my own" money after that - I just reinvested profits I made trading stocks. I never read any clever books or inhaled expert analysis or advice on stock markets, and I only invest in stocks and companies where I feel confident that I can estimate how the market will perceive how they're doing (that's a key point - stocks' values don't necessarily have any connection to how a company does in the market, in the "real world" - at least if you're interested in speculative investing like I am) over the timeframe that I intend to keep these stocks. I've never sold for less than what I bought for, but I do not foolishly believe that it's always going to be that way. The absolute majority of my savings are in an old-fashioned bank account, and I would never bet that on anything as crazy as stocks - I think I'd have had a hard time finding sleep if that weren't the case last night due to the aftermath of the earthquae/tsunami catastrophe in China and its potential effects on global markets, and I really don't want to let anything like that happen. If I ever feel I want high risk for potentially high reward, I'll fizzle with Belcher at our local MtG tourneys, thank you very much ;)

I see my Legacy staples as some kind of stocks as well, by the way. I play this game on two distinct levels. The one that involves turning (some) cards sideways, and the "speculating on cards' values" way. Some of the "stocks" I hold in this game even outdid my ROI on the stock market proper in the recent past, and better yet, I can even have some fun with those cards by playing with them on top of that. :)



Btw, congratulations to the OP for placing second at last week's Sunday Legacy :D