All illustrations by Ansh Sirohi.
Till today, once in a while at least, I would pull out my Magic The Gathering (MtG) album and gaze transfixed at the black-framed collector’s edition cards I own. If you’re not in the know, MtG is a popular and competitive collectible card game that blends slick artwork and strategic gameplay, which became extremely popular in the early 1990s. It is still massively played today, with online versions on mobile and PC.
Anyway, my cards have been preserved since I was a pimply-faced Polytechnic student in 1993. Short of owning a Black Lotus card—the mother of all MtG cards—my collection now commands a respectable value if I choose to put them up for sale.
What’s even better, is that the Russo brothers (who did the Marvel Cinematic Universe two-part Avengers films) will be creating an animated series of Magic The Gathering for Netflix. Who knows? Maybe we’ll see a resurgence in value for mint-condition MtG collectible cards, especially the ones I’ve kept since 1993.
But where am I going with all this? Well, for starters, everything we do and invest our time in life has a perceived value. It gets better if everyone else sees that value the same way I do, like MtG cards.
With the investments I’ve made since I started earning my first pay cheque, whether they’re a house, stocks, ETFs, commodities or investment-linked savings plans, I’ve adopted the same principle as I did with my MtG card collection: I try to forecast their perceived value.
As you mature and age, you usually get less inclined to try new things. Let’s just say we all fall into our favourite ‘routines’ and figure out what works for each one of us. So, as a teenager, I was doing a lot of experimenting, which made sense at the time, because the future was way ahead of me. But well, times are different now. I’m older, with a family, with loans and bills to pay.
Which explains why, over the years, I’ve taken a greater interest in exchange-traded funds.
Sure, you may argue that hot stocks and gold are all the rave these days, but I’ve been there enough times to know anxiety and panic when I feel it. And as I’ve gotten older, with responsibilities that include not just myself as an individual, but my family and kids, I need to steer clear of FOMOs and crashes, and look towards steady money and growth.
Source: MSN | World News