He has a background in high finance, and applies a lot of that insight in to investing in Magic cards. He shows off what it takes to open a brick and mortar store. He shows off what it takes to keep lines of credit open if you want to take advantage of deals that someone else will. He gives insight to what he believes is the world of Magic investing is like. He created cute characters like the Greed Monster. Fans of his have made him art, and mailed it in to him. Not to mention thousands of proxies/fakes for him to "check out."
From all accounts, Rudy is a very nice guy in person. There is YouTube Rudy, and there is the guy who deal with Rudy. I've never met the guy, and I doubt I ever will. However, he has MASSIVE influence in the Magic investment world. He has the long term view on things. One prime example- it is his personal goal to buy every single graded 10 alpha Magic card out there. He wants to control the entire market for that area. He believes there are so few out there, that any time he can find one, he is willing to pay a premium for that card. Why? Because in the long run- he will win out on investing in it. It is more secure than any bond, mutual fund, or otherwise.
[Update on the Alpha cards, there were only 1700 Alpha rares printed of each card. Rudy estimates there are 7-800 still in existence, and MAYBE 100 unplayed. That's why he is buying whatever he can find]
Side note- I've heard that investing in a Black Lotus gets better returns than investing in the stock market. Now, that's all hear say, and I am sure you can back it up with some fancy graphs... but that could be truth, or it could be just rumors. There is a lot of dollar figures that would have to be applied to get to the truth on that.
Back to Rudy. On September 15th, Rudy posted a view entitled: Analyzing a Unique Magic Collection. At the 7:41 mark, he comments on a Mox Diamond in the collection that it would not be put up for re-sale. He believed that Mox Diamonds are currently undervalued.
On September 14th, the value of a Mox Diamond was about $93.50. (thanks MTGgoldfish)
Today, September 19th, the value of a Mox Diamond went up to $125.
See the snipped chart from MTGgoldfish below:
Thanks to Rudy, just mentioning the possible investment potential in this card caused a $25+ increase. I am sure it is going to increase more as people sort out what it should be valued at.
Good on you Rudy... you are able to sway entire markets with a comment now. I just ask you to be careful out there!
Next up- a massive buyout on Mox Diamond. I predict by end of year, it will be over $200.
[Update: as of September 21st, the Mox Diamond is up to $140... trending upwards.]
[Update: as of September 22nd, the Mox is up to $167, still going up]
No comments:
Post a Comment