I first got exposed to alternative investments in 2016 when I did my internship as a fund of hedge funds summer analyst. Subsequently, I landed a role in a Private Equity firm which further broadened my horizon in the world of alternative investments. These days, alternative investments are quite loosely used eg. Bitcoin, Sneakers, Wine, Watches, and even collectable cards.
The pandemic has given a boost to prices for cards of all forms from Pokemon cards, to Basketball and Soccer cards. For example, sales of Pokemon cards increased by almost 6x last year, while sales of Basketball cards has risen by almost 4x in the same period. Who would have thought that just by collecting cards, you could make a profit?
Card trading has also been popularized by Shark Tank’s Mark Cuban and controversial YouTube Logan Paul. I was surprised to read that a signed rookie card for NBA star Luka Doncic could fetch USD 4.6m....