A wise business-minded friend once told me to always diversify my investments.
This sounds like something that is meant to just go over your head and let "smarter" people do, right?
It's really simple!
I am so glad that I took his advice (eventually). As a card seller, I thought that it would be a failure on my part if all my income wasn't coming from my card business.
This couldn't be further from the truth.
It's about what you do with the money you get from one spot, and how you make it grow in another.
This is where diversifying comes in.
Now, first off, let me say that I think the hobby of sports card collecting requires you to have a collector's personality as well as a seller's personality. If you don't enjoy card collecting, don't get into card selling. It just ruins the energy of the community.
But I digress.
Diversifying is simply spreading your money around so that you are not all in on one thing. You already do it without knowing it. When you buy cards, do you buy all of one player?
Not unless that's your only PC, but even so- no, because you want a safe spread among different guys you like collecting, or are investing in.
This is because something like an injury could change all the value of what you own at any moment.
So what you do is you buy multiple players, multiple teams, etc.
So that even if you ever feel the need to dump part of your collection, you have others going for you.
This is diversifying in its simplest form.
Now take that idea to your money.
As a card seller, it's important to re-invest into your inventory and marketing, but it's also important to have a little bit of money going other places so that not all your eggs are in one basket.
But stocks seemed to confusing to me to get into, and I didn't want to pay someone else to take care of them for me.
That is when I found this AWESOME app called STASH.
Stash is the most simple form of stock investing that I have ever experienced. You only need a minimum of $5 to invest, and you can immediately see your investment grow day-to-day.
The app allows you to pick where to invest your money based on things you enjoy or believe in, and they take care of it from there.
It is so simple and something that you'd be stupid to not check out.
The other cool thing is that the stocks pay dividends that you'll see come in month to month, which is how I often get extra money for buying cards for my PC and inventory!
If you're interested in diversifying and growing your $, check out the link here.
It will give you $5 just for signing up!
Best wishes, my friends!
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