1. Live in a major city (LA, NYC, Detroit, Atlanta, Orlando)
2. With a winning team (Phillies, Red Wings, Ducks, Angels, Dodgers, Falcons...etc)
3. Spend $1-2K on a season ticket (or a pair)
4. Sell every game you can't go (which could just be every game)
Tell me you won't make more than 15% as mutual funds average, tell me you won't make more than 5% as CD promises (even after processing and shipping fees). Tell me what better way to invest $2-4K in a year.
2007-08-23 10:46:45 · 5 answers · asked by Smartass 4 in Business & Finance ➔ Investing
Yes, this assumes my team will make it to the playoffs, yes this assumes lots of tickets will not sell.
And thanks but sorry, no law in California to buy or sell according to eBay.
2007-08-23 15:30:15 · update #1
There are two problems with that.
1. Some teams will revoke your season tickets if they catch you reselling them.
2. In many places there are laws against scalping.
2007-08-23 11:58:54 · answer #1 · answered by Mystery 6 · 0⤊ 0⤋
You would need to buy a pair. Provided the team was contending for a playoff position then you might be able to resell the tickets for above face value and make a profit.
However, as a newbie season ticket holder, you will not get good seats - they are gone to previous season ticket holders.
Therefore you are selling less than prime seats.
Secondly, you have a product (each home game ticket) that becomes worthless the day after the game. If you don't sell the tickets before the game, then you are eating the entire cost as a loss.
Thirdly, every team has opponents that do not draw well i.e. Tampa Bay Devil Rays or Kansas City Royals and the game is on a week night. Again,a tough sell.
The upside is being able to sell play-off tickets. These would be your real profitable opportunities.
Bottom line: take the 5% CD and use the interest earned to go to the games you want to go to during the season. Guess what, you have $2-4K left too!
2007-08-23 12:10:39 · answer #2 · answered by rarguile 6 · 1⤊ 0⤋
bryan -- i have at least 6 friends that have been doing this every year for at least 25 years or so -- the market is out there and these folks do not even leave there homes the folks come by and pick up there tickets!!! but these guys are rabid fans and and always make opening day and when several other times a year!!!
2007-08-26 03:10:54 · answer #3 · answered by mister ed 7 · 1⤊ 0⤋
Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.
http://www.tutorialforyou.net/investing/
wish it will help you.
2007-08-23 16:35:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Google (GOOG).. Enough said.
2007-08-23 13:58:27 · answer #5 · answered by The Red One 1 · 0⤊ 0⤋