Profit =

[leatherman]

Profit = (selling price - investment)/(investment)

If you buy a card for $10 and sell it for $40, you have a 300% profit, not 400%. Think about it this way...if you buy a card for $10 and sell it for $10, it is zero profit. Doing it the way some people have been doing it on FCB lately would say it was 100% profit.

Also, if you sell it for $40, you more than likely have ebay listing fees, postage fees (to ship card to buyer), paypal fees, and packaging supply fees. Most sellers also charge for shipping/handling. In that case:

Profit = (selling price + seller's shipping and handling fee - listing fees - postage fees - paypal fees - packaging supply fees - investment)/(investment)

Next week, we'll discuss special relativity and why clocks on orbiting satellites go slower than clocks on earth.

David

 

[muchuckwagon]

Don't forget cost of capital.

 

[Bob Loblaw]

I didn't know you wanted to get involved in the discussion, Mr. Helper.

 

[flightposite]

Profit = (selling price - investment)/(investment)

If you buy a card for $10 and sell it for $40, you have a 300% profit, not 400%. Think about it this way...if you buy a card for $10 and sell it for $10, it is zero profit. Doing it the way some people have been doing it on FCB lately would say it was 100% profit.

Also, if you sell it for $40, you more than likely have ebay listing fees, postage fees (to ship card to buyer), paypal fees, and packaging supply fees. Most sellers also charge for shipping/handling. In that case:

Profit = (selling price + seller's shipping and handling fee - listing fees - postage fees - paypal fees - packaging supply fees - investment)/(investment)

Next week, we'll discuss special relativity and why clocks on orbiting satellites go slower than clocks on earth.

David

Whoa, whoa, whoa, I think you're moving a bit fast.

How about next week you go over when the correct time to use sale & sell is or about how bid is in itself a present and past tense... There is no "bidded".

 

[flightposite]

Don't forget cost of capital.

And the cost of the time you had the money tied up in said card. Time-Value-Money, baby!

 

[hive17]

I'm not sure what I'm missing, but what's with the dividing by investment? Could you expound on that.

But i agree that you have to factor in the stuff it costs to move the stuff on the sale end. Also, you always need to add s/h you paid to the total cost of the investment.

 

[muchuckwagon]

Next week, we'll discuss special relativity and why clocks on orbiting satellites go slower than clocks on earth.

David

Whoa, whoa, whoa, I think you're moving a bit fast.

Clocks in a higher gravitational field tick slower.....right?

 

[hive17]

Next week, we'll discuss special relativity and why clocks on orbiting satellites go slower than clocks on earth.

David

Whoa, whoa, whoa, I think you're moving a bit fast.

Clocks in a higher gravitational field tick slower.....right?

yes, gravity affects time.

 

[DaleMurphyCollector]

Next week, we'll discuss special relativity and why clocks on orbiting satellites go slower than clocks on earth.

David

Whoa, whoa, whoa, I think you're moving a bit fast.

Clocks in a higher gravitational field tick slower.....right?

If I went into space, would I then age slower? I could still be a teenager!

 

[Craig - 21hawk]

Next week, we'll discuss special relativity and why clocks on orbiting satellites go slower than clocks on earth.

David

Whoa, whoa, whoa, I think you're moving a bit fast.

Clocks in a higher gravitational field tick slower.....right?

If I went into space, would I then age slower? I could still be a teenager!

Sadly no. Clocks tick slower, but time in and of itself doesn't change. Now if you went into space and started moving close to the speed of light, that's a different story. Figure out how to do that, okay? Then tell me in a dark alley before you tell anyone else.

Craig

 

[thefasterblade]

Earth shattering thread.

 

[uniquebaseballcards]

Good point. Also don't forget the cost of any other expenses you have that accrue interest - student loans, credit cards, mortages, etc. You're making even less money on your investments if you have to pay $X in interest on other expenses every month.

Profit = (selling price - investment)/(investment)

If you buy a card for $10 and sell it for $40, you have a 300% profit, not 400%. Think about it this way...if you buy a card for $10 and sell it for $10, it is zero profit. Doing it the way some people have been doing it on FCB lately would say it was 100% profit.

Also, if you sell it for $40, you more than likely have ebay listing fees, postage fees (to ship card to buyer), paypal fees, and packaging supply fees. Most sellers also charge for shipping/handling. In that case:

Profit = (selling price + seller's shipping and handling fee - listing fees - postage fees - paypal fees - packaging supply fees - investment)/(investment)

Next week, we'll discuss special relativity and why clocks on orbiting satellites go slower than clocks on earth.

David

 

[BowmanChromeAddict]

I'm not sure what I'm missing, but what's with the dividing by investment? Could you expound on that.

But i agree that you have to factor in the stuff it costs to move the stuff on the sale end. Also, you always need to add s/h you paid to the total cost of the investment.

You have to divide by the investment to get the Profit Percentage. If you're just looking for the profit in $$ you don't need to divide by the investment.

 

[hive17]

I'm not sure what I'm missing, but what's with the dividing by investment? Could you expound on that.

But i agree that you have to factor in the stuff it costs to move the stuff on the sale end. Also, you always need to add s/h you paid to the total cost of the investment.

You have to divide by the investment to get the Profit Percentage. If you're just looking for the profit in $$ you don't need to divide by the investment.

yeah, ok, that makes sense. That's what i thought, but percentage wasn't mentioned in the formula, just in the discussion.

 

[Wes]

Don't forget an episode on Schilling... I mean SHILLING.

 

[RL24]

Whoa, whoa, whoa, I think you're moving a bit fast.

How about next week you go over when the correct time to use sale & sell is or about how bid is in itself a present and past tense... There is no "bidded".

NICE!

I have also seen people claiming to sail their cards, although when I tried to make a boat out of my 1989 Topps stash... well, you can imagine how successful that was.

Bidded also drives me crazy. Reminds me of when I was 4 and I used the word "costed" until my momma smacked that habit out of me.

 

[chrome_ball]

Whoa, whoa, whoa, I think you're moving a bit fast.

How about next week you go over when the correct time to use sale & sell is or about how bid is in itself a present and past tense... There is no "bidded".

Can we toss in the topic of "payed" vs. "paid" as well?

 

[predatorkj]

Don't forget cost of capital.

And the cost of the time you had the money tied up in said card. Time-Value-Money, baby!

I don't agree with that since it is totally dependent on your personal situation.The only way it really comes into play is if you are in fact going out of your way to sit on an item instead of flipping it immediately.If you did it with cash and are not accruing interest from a credit card or loan then you aren't really going out of your way as long as it did not affect your buying habits.But if you spent a considerable amount and it does affect what you can spend(which I suppose everything does in some small way but I am talking considerably here) then I can see it.

For me...if I spent say $10 on something and then held onto it it wouldn't really affect me like it would if I paid $200 for something.Because chances are I may not have spent that $10 on anything else so whats the difference in having it sit in your bank account or having it sit in an investment?

 

[DaleMurphyCollector]

Don't forget cost of capital.

And the cost of the time you had the money tied up in said card. Time-Value-Money, baby!

I don't agree with that since it is totally dependent on your personal situation.The only way it really comes into play is if you are in fact going out of your way to sit on an item instead of flipping it immediately.If you did it with cash and are not accruing interest from a credit card or loan then you aren't really going out of your way as long as it did not affect your buying habits.But if you spent a considerable amount and it does affect what you can spend(which I suppose everything does in some small way but I am talking considerably here) then I can see it.

For me...if I spent say $10 on something and then held onto it it wouldn't really affect me like it would if I paid $200 for something.Because chances are I may not have spent that $10 on anything else so whats the difference in having it sit in your bank account or having it sit in an investment?

Are you serious? I can't tell.

 

[Craig - 21hawk]

Don't forget cost of capital.

And the cost of the time you had the money tied up in said card. Time-Value-Money, baby!

I don't agree with that since it is totally dependent on your personal situation.The only way it really comes into play is if you are in fact going out of your way to sit on an item instead of flipping it immediately.If you did it with cash and are not accruing interest from a credit card or loan then you aren't really going out of your way as long as it did not affect your buying habits.But if you spent a considerable amount and it does affect what you can spend(which I suppose everything does in some small way but I am talking considerably here) then I can see it.

For me...if I spent say $10 on something and then held onto it it wouldn't really affect me like it would if I paid $200 for something.Because chances are I may not have spent that $10 on anything else so whats the difference in having it sit in your bank account or having it sit in an investment?

Are you serious? I can't tell.

I'm pretty sure the answer is yes.

Craig