INVESTMENTS: Is it time to realize the truth? 3 3

[Beige]

Replied in 2 minutes.

You should get commission for this.

Oh wait...

 

It's Xmas day, and I'm out.

Merry Xmas

[valiantman]

6 minutes ago, Beige said:

Replied in 2 minutes.

You should get commission for this.

Oh wait...

 

It's Xmas day, and I'm out.

Merry Xmas

It's still Christmas Eve in the homeland of comic books and CGC.

 

No one gets commission at RallyRd and there are no trading fees, but don't let facts stop your party pooping or lawn yelling.

Edited December 24, 2020 by valiantman

[crassus]

26 minutes ago, valiantman said:

It's still Christmas Eve in the homeland of comic books and CGC.

 

No one gets commission at RallyRd and there are no trading fees, but don't let facts stop your party pooping or lawn yelling.

So does this mean I can finally get that Action 1 I've been dreaming of....?

[mattn792]

30 minutes ago, valiantman said:

It's still Christmas Eve in the homeland of comic books and CGC.

 

No one gets commission at RallyRd and there are no trading fees, but don't let facts stop your party pooping or lawn yelling.

RallyRd is an interesting concept, but their website absolutely sucks.  You'd think if they wanted to effectively pitch their service, they would take the time to display some of the items they own, the ROI so far, dividends paid to date, etc.

[the blob]

5 hours ago, mattn792 said:

That helps, should have put it in the first post 

If I had to guess where all the money was coming from that has flowed into the collectible market since March, my first guess would be fraudulent PPP loans and fraudulent unemployment insurance claims.  But I can be a cynic when it comes to "free" government money programs.

I have the same income, but now save $700 a month on childcare (afterschoo),  $300-500 a month on commuting, $500 on take out/restaurants, $25-50 on dry cleaning... So, if you kept your job.. 

[the blob]

7 minutes ago, the blob said:

I have the same income, but now save $700 a month on childcare (afterschoo),  $300-500 a month on commuting, $500 on take out/restaurants, $25-50 on dry cleaning... So, if you kept your job.. 

Actually, maybe more on restaurants as I forgot about what my wife and teen would spend for lunch at work/school

[the blob]

Just now, the blob said:

Actually, maybe more on restaurants as I forgot about what my wife and teen would spend for lunch at work/school

My wife's uber bill used to be $100 a week, easy

[Icculus308win]

12 hours ago, valiantman said:

The post is a response to the generic question:  "Why did so many collectibles suddenly go through the roof in 2020?"

The short answer is "people are stuck at home and bored", but that's also short-sighted.

The long answer is "people are old enough to invest who don't remember the old days of investing"... so what do they choose?

This makes sense....sprinkle that nostalgia in too

Edited December 25, 2020 by Icculus308win

[dupont2005]

Not sure Bitcoin has outperformed much for those who bought in at 20k in 2016

[KCOComics]

I wrote about this last night over in the SA section, but I'll elaborate a little. 

I've never considered comics an investment. I'm 38, I started buying key books at 16 and I could make the case that I've "collected" comics my entire life. 

I never sold comics to fund my life or thought of liquidating them in an emergency. Comics are fun and disciplined investing is the foundation for building wealth.  

But the market has moved so dramatically over the last decade that it becomes impossible to ignore the value of my collection.  From a strictly financial standpoint,  the smart thing to do would be to sell off some big dollar books and rebalance my portfolio.  But I enjoy owning these books and to the OP's point,  it's allot more fun than looking at price fluctuations of an index fund. 

 

My advice to anyone would be, "don't put all your eggs in one basket".  Be disciplined about saving and build a solid foundation so you aren't worried about selling comics in a crises. If the comic market crashed tomorrow,  I would be upset from a fiscal standpoint,  but the collector in me would be excited for more affordable books. 

Edited December 25, 2020 by KCOComics

[Xenosmilus]

I asked a question in some thread a while back about comic sales outside the US/Canada and UK and whether or not sales are increasing. To my pleasant surprise @mycomicshopresponded and said sales have increased overseas to China for example albeit a small part of their business. Since Marvel and DC movies are Global successes I still think that maybe demand of the books may increase because there is a larger market at some point.

Edited December 25, 2020 by Xenosmilus

[JTLarsen]

9 hours ago, mattn792 said:

That helps, should have put it in the first post 

If I had to guess where all the money was coming from that has flowed into the collectible market since March, my first guess would be fraudulent PPP loans and fraudulent unemployment insurance claims.  But I can be a cynic when it comes to "free" government money programs.

If you were an actual cynic you’d focus on the rich people getting free government money rather than the rest of us.

[mattn792]

3 minutes ago, JTLarsen said:

If you were an actual cynic you’d focus on the rich people getting free government money rather than the rest of us.

We got us an assumer.

[lizards2]

18 minutes ago, mattn792 said:

22 minutes ago, JTLarsen said:

If you were an actual cynic you’d focus on the rich people getting free government money rather than the rest of us.

We got us an assumer.

If you're buying comics in this market, you are rich people.

[Mephisto]

Out of all the collectibles I’ve been into over the years, comics make me the most nervous long term. I can’t believe the amount of tanning/tonning on Silver Age books front and back covers compared to what they looked like back when I was heavily collecting comics from the mid 2000’s. That coupled with the type of paper the interior pages are made of make me nervous of long term stability of thenphysical books themselves. I’m also weary of damage at staples encased or not. Aside from the bonkers pricing the potential condition issues are a major hurdle for me to jump back into comics. It seems like a lot of the uptick is a product of squeezing higher grades out of books with pressing and the TV show and Movie hype speculation. One phenomenon I’ve also noticed in more recent years with comics is the lack of price spread between multiple grades of books. An 8.5 selling for only slightly less than a 9.4. It feels very off to me right now. Not sure if that trend will continue or not as it wasn’t like that previously.

 

I don’t even watch Baseball anymore but find myself more interested in potentially buying cards from the late 20’s-early 50’s. 🤷‍♂️. 

Edited December 25, 2020 by Mephisto

[littledoom]

I always felt collecting comics was a hobby or activity not an industry 

[lizards2]

5 minutes ago, Mephisto said:

Out of all the collectibles I’ve been into over the years, comics make me the most nervous long term. I can’t believe the amount of tanning/tonning on Silver Age books front and back covers compared to what they looked like back when I was heavily collecting comics from the mid 2000’s. That coupled with the type of paper the interior pages are made of make me nervous of long term stability of thenphysical books themselves. I’m also weary of damage at staples encased or not. Aside from the bonkers pricing the potential condition issues are a major hurdle for me to jump back into comics. I don’t even watch Baseball anymore but find myself more interested in potentially buying cards from the late 20’s-early 50’s. 🤷‍♂️. 

There are plenty of the SA books without the tanning/toning - these manifestations are a result of improper storage and improper storage conditions. I have books purchased 50 years ago that have no degradation such as tanning/toning covers, pages, etc.

[Old_Man_Adam]

[Mephisto]

13 minutes ago, lizards2 said:

There are plenty of the SA books without the tanning/toning - these manifestations are a result of improper storage and improper storage conditions. I have books purchased 50 years ago that have no degradation such as tanning/toning covers, pages, etc.

You mean like the countless insufficiently_thoughtful_persons who I see displaying their books next to their statues and trying to guess the percentage of ones that are going to wind up with faded covers in the CGC cases? Not to mention all the one’s I see displayed on walls in just their cases with no UV protection.

Edited December 25, 2020 by Mephisto

[lizards2]

4 minutes ago, Old_Man_Adam said:

 That never gets old!