Collectable

I have been with this company for about 2-3 years. I have since seen a major decline in the price that the product was worth versus the offering price. I feel like the offering prices are so high that almost all of the investors lose money. I have never done so poorly in any investment to date as I have had in this one. One star.

Assets all have dropped 70% since IPO. Terrible investment platform. No volume, unable to sell even for a massive loss. It’s so bad. Would NOT recommend this app. Took a huge loss.

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Perfect app for anyone looking to give away hard-earned cash. Collectable severely overvalues cards at IPOs, with any card (unless being bought out) completely tanking in value after go-live. LeBron, Luka, Mahomes,etc — Stars that shouldn’t drop 50%+ in value do just that. Your money will drop by over half and you won’t be able to sell. Not enough volume/users on the app for anyone to get anywhere near break-even. I recommend not using. Trying to get out of my positions and deleting, but it will take months/years to get out now.

A more fun way to invest in alternative assets instead of your normal stocks.

Not only have they held people hostage by not having K-1s ready but here we are a week away from the October IRS deadline (already extended 6 months ago….) and a huge chunk of their K-1s don’t even have EINs. Just lists APPLIED FOR in the space. Can’t even use TurboTax because of that lack of info. Im beginning to believe that these guys are con artists. Stay far far away!

Beware if you invest, they will routinely miss IRS deadlines (e.g., extended K-1 fiasco), over promise, and under deliver with very poor and inconsistent communication along the way. This will lead to very painful and extended tax issues until they streamline their processes.

While the concept is good the execution has caused nothing but headaches from a tax standpoint. I have invested in 49 items and that means 49 separate K-1s. I have had to manually enter each as they do not support downloads into popular tax software. Furthermore, we are 5 months passed the tax deadline and I still have not received all of the K-1s. I regret my decision to invest on this platform and have put my shares of all my lots up for sale. This colossal misstep regarding taxes also makes me question their entire business plan.

It’s been months and I still haven’t gotten approved to trade yet. Take your business to Rally.

While the app is nice and user friendly, the service is absolutely terrible. I am down 57.9% and I own shares of 1/1 Mahomes cards and Kobe Bryant game worn shoes. This is a BIG manipulated scam with super low trading volume, (meaning you can never get out of your position). If you love giving money away, hop into some IPO’s. When Mahomes and Kobe are losing half of their value you know that the IPO’s are straight garbage.