In layman’s terms, an analytics approach to sports cards is like using data and statistics to make informed decisions about buying and selling them, while an investment approach is more like treating sports cards as assets to buy and hold in hopes of making a profit.
Below are four reasons why I feel your collection will benefit the most from an analytics mindset versus an investment mindset.
Analytics helps you study trends, player performance, and market dynamics. This information can guide your buying and selling decisions, making it less risky than blindly investing.
Analytics can help you assess the risk associated with different cards and players. It allows you to diversify your collection and reduce the chances of losing money.
Analytics can help you identify the right time to buy or sell cards. It’s like trying to buy low and sell high in the stock market, but with sports cards.
Analytics can provide insights into which players and cards are likely to appreciate in value based on historical data and current trends.
In conclusion , an investment approach without analytics might involve buying cards solely based on popular players or hearsay, which can be riskier and less likely to yield consistent profits.