Old Guard says Market Bubble vs New Guard says Market Correction. What say you? 1 1

[the blob]

3 hours ago, the blob said:

He pointed out a loophole. 

gotta work on this. dr. dank thinks he needs $3.24 million to retire in socialist nirvana up north, maybe I need to reevaluate my needs? $5 million in the cruel USA?

[MetalPSI]

4 minutes ago, the blob said:

gotta work on this. dr. dank thinks he needs $3.24 million to retire in socialist nirvana up north, maybe I need to reevaluate my needs? $5 million in the cruel USA?

This does not help your case

[the blob]

1 minute ago, Dr. Dank said:

This does not help your case

I guess all I stress out about are medical expenses, so i see less burden there as being yuuuuge (do you have socialized nursing care for old people?), I guess you worry about a tax bite on retirement income. Of course, I live in New York, we have the high taxes without the services! best of both worlds! although i wouldn't be here for retirement. i have no plans to shovel snow at 60.

[MetalPSI]

Just now, the blob said:

I guess all I stress out about are medical expenses, so i see less burden there as being yuuuuge (do you have socialized nursing care for old people?), I guess you worry about a tax bite on retirement income. Of course, I live in New York, we have the high taxes without the services! best of both worlds! although i wouldn't be here for retirement. i have no plans to shovel snow at 60.

We don't have socialized anything here, we pay taxes like everyone else

[the blob]

19 minutes ago, Dr. Dank said:

We don't have socialized anything here, we pay taxes like everyone else

yeah, that's how these things are usually funded. 

[MetalPSI]

5 minutes ago, the blob said:

yeah, that's how these things are usually funded. 

Yeah, so understand Canada is a democratic capitalist country too

[the blob]

2 minutes ago, Dr. Dank said:

Yeah, so understand Canada is a democratic capitalist country too

I think you are misunderstanding my sarcasm as criticism, rather than envy.

 

[MetalPSI]

1 minute ago, the blob said:

I think you are misunderstanding my sarcasm as criticism, rather than envy.

 

Well if I can't use the appropriate wording for mentally hilarious, you can't call Canada socialist, so there 

Door swings both ways 

[aardvark88]

Market correction and reaching a price equilibrium on hot comics:

 

[William-James88]

To answer the main question, I say it depends. There's lots of money coming in making prices climb. In the end, the answer will depend on supply and demand. GA books don't need a lot of demand to continue reaching higher prices. You just need two more interested parties in Vintage Joker covers, and the prices can sky rocket. Some SA books that didn't move for a long time (FF 6 for instance) are moving now and I would call those corrections. BUT for books post 1975, you need a lot of people to continue the momentum. So books like West Coast Avengers 45 are definitely bubbles. Batman 567 was in somewhat of a bubble, with prices going really high last year and now calming down (at least from the listings I was following, don't have GPA).

[NewWorldOrder]

Love this thread turned into a bitcoin and Roth IRA discussion. 

[NewWorldOrder]

On 5/6/2021 at 11:27 AM, kimik said:

Agreed with this point. Trading comics, which is what the press and sub game is, requires the same level of expertise and experience as trading equities markets. There is plenty of $$$ to be made, but my experience has been that trading equities where you can buy and then sell 100s/1,000s/10,000s of shares at once has a much higher ROI (especially if you include your time in the ROI equation) than comics over time. 

I bought comic in Feb, sold it for 500% profit yesterday.  You can beat that?  That happens a lot for people daily in this hobby.

If you are talking about day trading okay maybe I can see your point, but generally speaking an average investor at the retail levels stock portfolio would get outperformed currently by my comic inventory that gets bought, sold, and more books added to each month.

For the past 10 years if you gave me $1000 a month to buy comics with my business model there is a high probability I would outperform most stock portfolios for the average investor at the retail level.

 

Edited May 7, 2021 by NewWorldOrder

[seanfingh]

4 minutes ago, NewWorldOrder said:

I bought comic in Feb, sold it for 500% profit.  You can beat that?

Did you buy it for a dollar? If so, yes.

[NewWorldOrder]

6 minutes ago, seanfingh said:

Did you buy it for a dollar? If so, yes.

nah.  Those you can make 1000% profit. 

[NewWorldOrder]

On 5/6/2021 at 1:36 AM, VikramK said:

Stock market is absolutely killing it - more so than comics - SP500 in 2003 was less than 1,000.  It pays dividedens and you don’t have to pay taxes on your gains (ROTH IRA, Reverse ROTH etc.).  Nasdaq has done even better.

Yes for now the stock market is doing very well, but that doesn't mean they are good enough to beat comic book returns for the past 20 years.

My retirement portfolio is up on average 15-20% per year lately.  If I only made that from selling comics since 2010 I would have had to get a day job again.    Comics as of todays date are outperforming the broader stock market.  I get your point if you got into bitcoin or Amazon when they were cheap.  Sure I get it, but since we usually always talking about the average retail investor who didn't become a millionaire with buying 1000 shares of Amazon at $5.00 then in my opinion its clear that if you have 100 copies of ASM 300 vs 100 shares of Apple bought before covid then made way more return on the ASM 300's.

Now if you want to talk about what is more safe and less risky of an investment?  Different conversation.  

Edited May 7, 2021 by NewWorldOrder

[kimik]

4 hours ago, NewWorldOrder said:

I bought comic in Feb, sold it for 500% profit yesterday.  You can beat that?  That happens a lot for people daily in this hobby.

If you are talking about day trading okay maybe I can see your point, but generally speaking an average investor at the retail levels stock portfolio would get outperformed currently by my comic inventory that gets bought, sold, and more books added to each month.

For the past 10 years if you gave me $1000 a month to buy comics with my business model there is a high probability I would outperform most stock portfolios for the average investor at the retail level.

 

A 500% return on a book purchased in February that you cracked, pressed and resubbed is a fantastic return and fun  I also have books that I bought in Feb and early March that are up basically the same amount without having to do anything to them. While it is fun and generates a nice return, the ease of trading equities makes it much more lucrative in real and perceived terms. The older I get, the more I value my free time. The easiest way to make money over the past year was to invest in the equities markets late March through mid April of 2020, sit back, relax, and watch the profits pile up without having to do anything.

Flipping comics is limited in scale as well. It is much easier to generate $10Ks/$100Ks of return on equities than it is on comics at a certain point. 

As far as generating 500% profits in equities, last fall through mid February was a great time to do that with SPACs and tech/mining penny stocks (mining pennies still have potential now). There are a number of recommendations in the Gold at $500/oz thread that did a 10X last year. Bob has been awesome for nailing biotech 5 - 10x juniors over the past few years.

Edited May 7, 2021 by kimik

[NewWorldOrder]

41 minutes ago, kimik said:

A 500% return on a book purchased in February that you cracked, pressed and resubbed is a fantastic return and fun  I also have books that I bought in Feb and early March that are up basically the same amount without having to do anything to them. While it is fun and generates a nice return, the ease of trading equities makes it much more lucrative in real and perceived terms. The older I get, the more I value my free time. The easiest way to make money over the past year was to invest in the equities markets late March through mid April of 2020, sit back, relax, and watch the profits pile up without having to do anything.

Flipping comics is limited in scale as well. It is much easier to generate $10Ks/$100Ks of return on equities than it is on comics at a certain point. 

As far as generating 500% profits in equities, last fall through mid February was a great time to do that with SPACs and tech/mining penny stocks (mining pennies still have potential now). There are a number of recommendations in the Gold at $500/oz thread that did a 10X last year. Bob has been awesome for nailing biotech 5 - 10x juniors over the past few years.

I probably only cracked out about 30-40 slabs last 10 years for re-subbing.  50% of those was from me throwing the slabs against the wall because they were graded incorrectly.   so please dont confuse that flipping method with my business model.

Again if I had to depend on the cracked, pressed and resub method that also would have lead me to a day job again.

I also value my free, which is why I started selling graded comics full time back in 2010.  Haven't really been stressed since. 

I also agree that is much easier for a retail investor to make 10-20% in the stock market each year(s) than to do all the things some dealers can do with selling comics full time.  For me however its not even close, my comic returns dwarf any returns I have ever see compared to my current IRA and stock portfolio.  

Trust me I really enjoy managing my investments so don't get it twisted because every morning I check the stock market then I check CGC TaT's  

Edited May 8, 2021 by NewWorldOrder

[kimik]

1 hour ago, NewWorldOrder said:

Trust me I really enjoy managing my investments so don't get it twisted because every morning I check the stock market then I check CGC TaT's  

Ah, so you throw the slabs against the wall after checking the current CGC TaT's.

[NewWorldOrder]

9 minutes ago, kimik said:

Ah, so you throw the slabs against the wall after checking the current CGC TaT's.

It's getting there.  

[fastballspecial]

On 5/3/2021 at 8:29 PM, NewWorldOrder said:

I dont think the hobby as a whole is talking about those books.  More so the keys and semi keys.

Not getting your stock market remark.  Generally comics have outperformed the stock market since I graduated from college back in 2003, at least for the average investor.  Stock market has never outperformed any of my CGC invoices. 

So you are going to retire on comics then?