Over the last five years I have steadily built up a massive collection of MtG trading cards. Ive invested about 3~3.5 grand into the collection and its now at a net worth of about 10k.
Im done playing mtg and I think a lot of my value has topped out, so I am selling out. Selling to businesses (since its rare to find individuals willing to drop 10 grand on an entire collection that doesnt have power 9 in it) means I have to take a 30% hit or so to profit.
Im expecting to be able to liquidate my entire collection into about 6K or so.
Here's my thoughts on how to use it:
~$1,000: Buy myself a beater car, I dont have a car atm. Low on insurance, cheap on gas. Probably a corolla.
~2,600: Invest in a x6 AMD 480 GPU rig at the end of the month when it comes out and start mining GPU based coins (IE eth) With eth currently tanking, I wanna be mining eth while everyone jumps ship. At $4~5 if it bottoms out I will still be profiting a few hundred bucks a month after taking off my electricity for the build (1000w)
$300: I have a tax free savings account currently rated at 5% a year. Its small atm so I'd like to get a bit more of a rainy day fund in there.
$1,800: investing in AMD stock. I have high faith AMD has their shit together and Im expecting this to be a rock solid investment.
~$300: Fucking around with penny stocks with whatever is left. I am not expecting this last bit to be profitable, but I want to continue practicing my investing skills.
I basically spent the last 5 years of my life practicing investing in the MTG market and making decent money, so now Im moving up to real stocks (just penny stuff aside from the whole AMD thing)
If I can break 20K Ill start playing real ball.
Whats everyone's thoughts on this budget?