Every once in a while, someone writes an article about finance that I think should be read by everyone. Whether it’s Corbin’s article about selling his fetchlands or Anthony Capece’s article about counterfeit cards, every once in a while a really solid finance article comes along.
Today, Travis Allen talked about his experience quadrupling up on a spec where he got in around $3 and barely making money. It really gives you pause when you think about all the times you think you quadrupled up but how you actually did when you total up your costs. Some of those “well, this spec is low risk and if it goes up a buck or two, that’s all profit” conversations going on on reddit and MTGSalvation might not be so popular if everyone really had a clear idea of all the hidden costs and traps involved in speculation. If you’re new to MTG Finance or even an older veteran, this is a must-read.
I don’t throw the phrase “must-read” around often, so you know this is solid writing.