30 in 30: Opportunity Cost
30 in 30 is a series of 30 investing and trading tips, 1 posted each day over the course of September leading up to the FIFA 21 release in October. Below is a list of the tips we have seen already.
- TOTW Investing
- OOP TOTW Golds
- SBC Gems
- Perfect Positions
- Frequent Acronyms
- EA Tax
- ROI Potential
- MM Investing
- High Traffic Times
- Promo Investing
- Icons and WL Rewards
- Quick Sell Values
- Live Cards
- Two Birds One Stone
- Chief’s Buy Price
- Listing for Lazies
- New Filters
- UCL MM
- Price Ranges
- FUTBIN Indexes
- Best of CBP
- Opportunity Cost
It happens every year. The web app drops, people pack someone with value, and they ask themselves, “When should I sell ___?”. Bad news. There isn’t an easy answer to that, and in order to choose the best course of action it is important to understand one concept:ย opportunity cost.
Opportunity cost –ย the loss of potential gain from other alternatives when one alternative is chosen.
Let’s take an example. You pack Messi on the official FIFA 21 release day (October 9th). When you pack him, he is worth 900k. You decide to wait until the next weekend to sell as you anticipate the market to go up in value. On October 16th, he is 1.1 million. You are happy that you made an extra 200k, but you didn’t take into consideration opportunity cost from holding Messi rather than putting the coins in other investments.
Determining the correct course of action after packing a player isn’t always easy. Understanding opportunity cost can help you make the right choice. And, as always, you can comment on the website if you are ever unsure.
Cheers,
Chief