It states you will get a 1099 if you make transactions and only references dividends. Not sure on taxes.
Obviously this isn't for everyone but you are going to see a lot of people get involved in this kind of situation.
Cards have proven to be an incredible alternative asset class and people want in and so this concept makes all the since in the world.
I would love to own a Jordan 10 but it would tie up too much of my liquid cash in one card and so I am someone who this is perfect for. To be able to put say 5k or 10k in one and share the upside or downside with others is tremendous.
My investments in trading cards have been the best ones I have ever made in my life on a percentage basis and I continue to believe in the market so if someone wants to put more money in and have liquidity and diversify into bigger and better cards this is a concept that allows for that and I believe will become quite popular.
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