SBB - AFTERPARTY SALE- 3 day event 1750 corals. Our Largest sale ever!

[VintageReefer]

I think everyone has thought about doing this and my worry is that the market will be too saturated so prices plummet.

I’ve been watching the torch market for years and bananas and grails have remained steady. Banana grail is harder to get now than it was a year ago

I want a replacement god torch. Guess what. Nobody has one. Nobody. Not UC the originator of it. Not the vendor mine came from. Coral Kai has one but it’s reserved. They sell 350+ per head

 

[VintageReefer]

I want @Zero_Cool s pictures

He posted some

Also thought you just wanted colony pics to show growth style

 

[Zero_Cool]

I want @Zero_Cool s pictures

Ok. Lights on for about an hour. It is in a front corner so I have front pane and side pane pics:

Front

Side

 

[DJF]

If the two door dash meals mean anything to your bottom line you probably shouldn’t be ordering from DoorDash. Plenty of other ways to make your money make more money. Sure they may involve slight more risk

Context is important. I was showing how, with a low interest rate, you can leverage your money better than paying down your loan. If bonds are yielding higher than your mortgage then you are leaving money on the table without additional risk- plain and simple. Sure maybe not a lot of money but money nonetheless.

 

[ReeferZ1227]

One extra payment to principal a year on a 30 year loan will pay it off 7 years early i believe. 15 year mortgage is the way to go if you can swing it....better rates too

30 year with 15 year payments is actually a better strategy from a risk perspective. Can always cut your typical payment in half if ya hit a hard spell.

 

[VintageReefer]

Ok. Lights on for about an hour. It is in a front corner so I have front pane and side pane pics:

Front

Side

How long you had that ?

Nice colors

 

[VintageReefer]

This is hilarious.

A group of the most financially irresponsible people I’ve ever met, giving each other financial advice

Here’s some advice. Every coral you don’t buy is a 100% return on investment.

 

[Peanut]

It’s peanuts to me
I want big returns. Even if it takes longer

Stock market
Gold
Banana grails

Priorities!

 

[ReeferZ1227]

This is hilarious.

A group of the most financially irresponsible people I’ve ever met, giving each other financial advice

Here’s some advice. Every coral you don’t buy is a 100% return on investment.

I work in risk/security and im really good at it. My personal risk appetite is enormous snd therefore i dont practice much of it. Dirtbikes since i could walk im just permanently high risk.

Also:

 

[Peanut]

I think everyone has thought about doing this and my worry is that the market will be too saturated so prices plummet.

that and a gelatinous wipeout

 

[Peanut]

I work in risk/security and im really good at it. My personal risk appetite is enormous snd therefore i dont practice much of it. Dirtbikes since i could walk im just permanently high risk.

Also:

he runs with scissors!!!

 

[ReeferZ1227]

I think everyone has thought about doing this and my worry is that the market will be too saturated so prices plummet.

That wont happen. The issue is reefers leaving the hobby.

Torches arent fast growers so you have to carry the cost. FInicky things too, When they throw heads or BJD - alota risk money to tie up to sit on em that long.

Plus you have to wait for a full split then some growth unless you just want to glue the head dang near to the plug. Its more productive to buy and resell.

 

[billyocean]

30 year with 15 year payments is actually a better strategy from a risk perspective. Can always cut your typical payment in half if ya hit a hard spell.

Thats a safe strategy but your rate will be higher for 15 years than it would be on a 15 year loan and would still equal 10s of thousands more in interest most likely. Not a big deal but that much more you would have to offset in higher yielding ventures

 

[VintageReefer]

That wont happen. The issue is reefers leaving the hobby.

Torches arent fast growers so you have to carry the cost. FInicky things too, When they throw heads or BJD - alota risk money to tie up to sit on em that long.

Plus you have to wait for a full split then some growth unless you just want to glue the head dang near to the plug. Its more productive to buy and resell.

I’ve thought about this and torches are really a good plan.

If you had a dedicated tank you really don’t need to do much for them. Setup the lighting and flow and target feed a few times a week

My oldest torches are from April 2023
Knicks went from 1 to 4 individual
Heads

Banana grail went from 1 to 8 heads but still connected and not ready to frag

Hypothetically if I had a 40b and in April I bought 4 of those banana grails, and they all had the same conditions and it was a species tank with controlled live stock and no new additions to introduce parasites, pests, bjd etc. then each one would be approximate the same growth, and by now I would have 32 heads forming. And in 6 months those heads would be individual or at least most would be

So investment of 1600$ in torches and 2 years of extremely low work would yield 32 torches @ 400 each = $12,800


Soo invest $15,000 in a bond and get 400 in 2 yrs if your lucky

Or invest $1600 in torches and in 2 years yield over 11k

Hell. Undercut the market and sell 25 of them for 300$ each and get $7,500 and keep 7 for yourself to reseed the tank

 

[ReeferZ1227]

Thats a safe strategy but your rate will be higher for 15 years than it would be on a 15 year loan and would still equal 10s of thousands more in interest most likely. Not a big deal but that much more you would have to offset in higher yielding ventures

The cost of the loan is surprisingly not that material, espeically weighing in the ability to make half payments if needed.

For instance in most circumstances it wouldn't make sense to refi to 15 vs 30 w/ double payments because of the amortization and front load of interest payments on a 30 year, assuming interest rates relatively similar.

 

[ReeferZ1227]

I’ve thought about this and torches are really a good plan.

If you had a dedicated tank you really don’t need to do much for them. Setup the lighting and flow and target feed a few times a week

My oldest torches are from April 2023
Knicks went from 1 to 4 individual
Heads

Banana grail went from 1 to 8 heads but still connected and not ready to frag

Hypothetically if I had a 40b and in April I bought 4 of those banana grails, and they all had the same conditions and it was a species tank with controlled live stock and no new additions to introduce parasites, pests, bjd etc. then each one would be approximate the same growth, and by now I would have 32 heads forming. And in 6 months those heads would be individual or at least most would be

So investment of 1600$ in torches and 2 years of extremely low work would yield 32 torches @ 400 each = $12,800


Soo invest $15,000 in a bond and get 400 in 2 yrs if your lucky

Or invest $1600 in torches and in 2 years yield over 11k

Hell. Undercut the market and sell 25 of them for 300$ each and get $7,500 and keep 7 for yourself to reseed the tank

Or, assuming you can move 10 torches a month, with a margin of 100/torch, 1000/mo for 24 months is 24k with no risk or worry about growout. This is the mentality of a vendor and why it makes more sense to use your money instead of resources. Hybrid is even better because then you can have some growouts in reserve and have 100% margins while mixing in your flips.

Two different mentalities. Obv if youre planning to grow and own torches it only makes sense to go the route you are. From a vendor perspective youll be at a disasvantage of keeping people coming back uring the "waiting" period.

I plan to do exactly what you described and have been. I check my goldilocks torch everyday, if its ready to chop these heads up. Was 1 head in february. I have 2 4 headers now.

 

[Baby_Shark]

One extra payment to principal a year on a 30 year loan will pay it off 7 years early i believe. 15 year mortgage is the way to go if you can swing it....better rates too

4-6 years to be exact Depending on apr. Dont make me get all financial in here

 

[MarsReefer]

I’ve thought about this and torches are really a good plan.

If you had a dedicated tank you really don’t need to do much for them. Setup the lighting and flow and target feed a few times a week

My oldest torches are from April 2023
Knicks went from 1 to 4 individual
Heads

Banana grail went from 1 to 8 heads but still connected and not ready to frag

Hypothetically if I had a 40b and in April I bought 4 of those banana grails, and they all had the same conditions and it was a species tank with controlled live stock and no new additions to introduce parasites, pests, bjd etc. then each one would be approximate the same growth, and by now I would have 32 heads forming. And in 6 months those heads would be individual or at least most would be

So investment of 1600$ in torches and 2 years of extremely low work would yield 32 torches @ 400 each = $12,800


Soo invest $15,000 in a bond and get 400 in 2 yrs if your lucky

Or invest $1600 in torches and in 2 years yield over 11k

Hell. Undercut the market and sell 25 of them for 300$ each and get $7,500 and keep 7 for yourself to reseed the tank

If you can find that many buyers.

I bought my nice gold hammer for $50 2 years ago. Got it to 20 heads, and sold 3 3 headed frags for $30 each. Grew it out to 60 heads and couldn't get any offers over $3/head locally. Ended up taking store credit for it from the LFS at $6/head.

 

[VintageReefer]

Or, assuming you can move 10 torches a month, with a margin of 100/torch, 1000/mo for 24 months is 24k with no risk or worry about growout. This is the mentality of a vendor and why it makes more sense to use your money instead of resources. Hybrid is even better because then you can have some growouts in reserve and have 100% margins while mixing in your flips.

Two different mentalities. Obv if youre planning to grow and own torches it only makes sense to go the route you are. From a vendor perspective youll be at a disasvantage of keeping people coming back uring the "waiting" period.

I plan to do exactly what you described and have been. I check my goldilocks torch everyday, if its ready to chop these heads up. Was 1 head in february. I have 2 4 headers now.

You can sell some of the torches and others you let grow into double heads or splitting heads and sell for more in the off season.

But

I would offload all at once. Or two month back to back

I can sell torches. You know how many people message me asking for a frag if my banana grail. One person from this thread today. 2 others from this Sbb group over the last 2 months
So that’s 3

From incoming dms alone, I have helped 4 people get bananas or high end yellow variety torches in the last month.
So now we are up to 7

I have had 3 people reach out but my vendor is having difficult getting banana grails so they got put on hold / waitlist.

That’s 10 people in 2 months that came to me for banana grail / banana torch. With no effort from me. And they are all willing to pay retail pricing

I guarantee if I had 20 banana grail and I posted them in groups of 10, 1-2 months apart, for 300-350 a head. They would sell in a few days, no issue at all

I’d consider it like a bonus check at work

 

[VintageReefer]

If you can find that many buyers.

I bought my nice gold hammer for $50 2 years ago. Got it to 20 heads, and sold 3 3 headed frags for $30 each. Grew it out to 60 heads and couldn't get any offers over $3/head locally. Ended up taking store credit for it from the LFS at $6/head.

These prices do seem unusually low. Like unusually low

But. The demand for banana grail torch is not the same as gold hammer. It’s not even the same as holy grail torch.

I can buy holy grail any day of the week. Banana grail is much harder to find and the vendors that do have it sell for 400-600$

The price is high because the demand is high, and rarity is high.

You can go find 50 vendors and hobbiests easily selling gold hammer. I do think you should have got more for yours though