Injuries Suck. Protect Your Sports Card Collection by Doing This One Thing

I had my target. I wanted Kenyan Drake cards ahead of the 2020 season.

I didn’t think he was going to rush for 166 yards in every game like he did against the Seattle Seahawks in Week 16 last year, but I thought he could finish this upcoming season with 1,200 or more total yards and 10 or more total touchdowns.

That would bring him more attention, and that attention would hopefully lead to higher card prices.

I bought 8 of his autographed cards; some I paid as little as $7 per card for.

I have been anxiously awaiting for him to take the field, tear it up, and I could then just sit back and watch as his card prices skyrocketed.

So you can imagine the pit in my stomach when I heard he was in a walking boot.

All I could see was a big red arrow with his prices crashing to $0.

Of course, it’s not the end of the world.

I haven’t poured a ton of money into his cards, and there’s nothing out there regarding his status for Week 1 that suggests he won’t play. He even sent out a tweet about the situation.

Now, buying and selling cards to flip to buy more cards or buying and selling cards to flip for extra income is always going to be risky (the information provided in this article should not be considered financial advice).

For example, the card prices for NBA star Luka Doncic were going nowhere but to the moon since March. Then, he injured his ankle and they dropped from about $2,000 to $1,600 (some of the drop in prices may have also related to it seeming unlikely the Dallas Mavericks would win the series against the Los Angeles Clippers). He was able to play last Sunday, scoring 43 points and leading his team to a victory.

The card prices are now back up to around $2,000.

But if you originally bought some of his cards at $2,000 and watched them drop to $1,600, that would be a terrible feeling.

Fortunately, there is one thing you can do — diversify your investments by investing in players in the Pro Football Hall of Fame or players who will enter the Hall of Fame one day.

If a player has done enough to enter the Hall of Fame or if they are retired, injuries won’t matter. Drew Brees and Tom Brady could call it quits today and they are still headed to Canton.

Peyton Manning played his last game in 2016, and he should be eligible to enter the Hall of Fame next year.

Brett Favre, Steve Young, and Joe Montana are already inducted, and because of the age of their rookie cards, there will be low supply and high demand for cards with the highest grades.

So if you own just a few GOATs, you can potentially offset losses you may experience if an active player gets hurt.

JD, Founder of All the Murrays

P.S. What GOATs do you own or are investing in? Let me know in the comments below.