@Sean ask in the forums. unlike traditional stocks, its quite easy to get a price outside of a historical trading range. for example: promo scavenging ooze sold for 5$ at m14 prerelease by some guy.

just using trading tools, you could set up a portfolio and check on its value weekly, updating total value/ making and documenting changes someplace else wouldn’t be too hard.

i am probably just going to put together a binder of stuff (not worried too much about total value, just maintaining the % per card rule) and go from there. if this happens in an efficient and sensible manner i might make it an article and dedicate future articles to changes, exp.

then we can have competing funds, lol.

selling online would NOT require higher margins. smaller margins only require more volume (more sales) to be justified.

we can all use the new Trader Tools to create a list of our portfolios and easily track gains/losses/changes from week to week, this way – thank you Kelly :

http://www.quietspeculation.com/tt2/

thanks for your comments. i am trying to sleep before prerelease but these good ideas are running around my head.

grades should probably include growth prospects.

side note: hard article to write, glad people enjoying. goodnight and GL to all prerelease participants tonight.

i don’t think grinding 1000$+ is an issue. you can add new positions so you aren’t holding 20 positions @1000$ but 100, or something in between.

selling isn’t as tricky as maintaining churn because 1% return rate per position isn’t that big of a threshold making buy-listing an option.

@Sig- IF successful? IF!?! i have no intention of managing other peoples money. that puts fear into me. i prefer to lose and win alone, but i encourage anyone to put together a list of cards worth 100$ including at least 20 different cards. you don’t have to shell out cash to get started and you can start with any amount – just maintain the max 5% of bankroll per position rule to clue you when to sell/ add a position.

i might put one of these together in a binder and grind out from that binder but i am not going to get near the volume required ’cause i am not a store (people don’t come to my house every day looking to trade/buy). i will like making a binder like this and have no problem keeping people updates. so i’ll try and make a series of it.

if you started with 1000$ it would be easier in theory because 1% is 10 bucks, so yeah- suddenly you can include shocks and a whole lot of other cards without double weighting too many.

the thing to keep in mind is maintaining enough positions to hedge risk (although things like everyone quits MtG are not hedge-able you CAN hedge banning, rotation imo) and making sure you don’t allow a single position to = more than 5% of total bankroll. the 5% is a bit arbitrary, but again designed to keep you diversified and churning so you can get the volume needed to accept lower overall ROI.

Jason, 1% is just the minimum gain required. i do expect it to be much easier than that to increase virtual worth (trades) and real retuns (sales); i expect a better than 1% roi in other words. the hardest part isn’t getting 1% or better roi, its getting transactions done.

I was actually wondering the same thing…sounds like a very cool idea. At $100 worth of card it wouldn’t be too difficult to unload, I do see potential issues if you don’t own a shop with doing larger amounts (like $1000 “funds”)..but I love the idea. The only other problem I see is that given Matt is the only “investor” this seems less like a fund and more like a $100 worth of speculation choices (many of which I agree with…except Tragic Slip…given it rotates in 3 months and it’s a common that doesn’t really see any eternal play)