Best investment5310
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DocBrown private msg quote post Address this user | |
Quote:Originally Posted by shrewbeer Wrong again, as usual. |
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| Post 76 • IP flag post | ||
 Collector
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Homer private msg quote post Address this user | |
| Oh the guy who bought the Hulk 181 9.8 falling knife in 2013 at 7,601.00 is doing fine if he is still holding the book. Buying falling knives can be painful also if you make a pattern out of it. |
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| Post 77 • IP flag post | ||
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doog private msg quote post Address this user | |
| Comics are a great investment. Go for 1st appearances, so in this case a Spider-man 300. I started investing in them about 6 years ago. Bought 1st appearances, (mostly silver, mostly mid grade) got them graded, and then watch them appreciate. Your son can hang on to them, the flippers can’t, so the flip is more dangerous imo. Been a great investment vehicle for many years. | ||
| Post 78 • IP flag post | ||
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docstrange private msg quote post Address this user | |
| Had a chance when I was in San Diego for the comic con back in 1988 to buy some key books a dealer had Action#1 Batman #1 Superman #1 Detective #27 and Captain America #1 the books were all in the Fine range and the dealer wanted $25,000 for the lot or $5,000 a piece. My girlfriend at the time who later became my wife had $25K in the bank and she was travelling overseas but I had access to her money Wanted to buy 1 book for $5,000 but knew if I used her money our relationship would be toast.A friend who was with me bought the Detective #27 for $5K Would I be rich today if I would have bought any of the remaining books, YES. Would I be married still today(27 years) Hell NO But its a great story I love to tell my kids and friends from time to time |
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| Post 79 • IP flag post | ||
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Homer private msg quote post Address this user | |
| Multiple 9.8 copies ASM 300 were selling in 2006 in the range of $1200.00-$1500.00, by 2012 the book fell out of flavor and were selling around $500.00-$600.00 that year. Back in flavor now getting $1800.00 and sometimes closer to $2,000.00 esp if newsstand. Your guess is as good as mine on what it will go for five years from now. I would say at least a 50/50 it drops back down to around $1,000.00. good investment, I say nah |
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| Post 80 • IP flag post | ||
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DocBrown private msg quote post Address this user | |
Quote:Originally Posted by doog  |
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| Post 81 • IP flag post | ||
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DocBrown private msg quote post Address this user | |
Quote:Originally Posted by Homer Too many are completely ignorant of the details. A fool and his money... |
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| Post 82 • IP flag post | ||
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Homer private msg quote post Address this user | |
Quote:Originally Posted by docstrange[ OH only if one could go back in time. If you went back to the same date in 1988 and searched the stock market. Than decided to buy 5,000 shares of five dollar stocks yet to blow up in price, you could of hit the same jackpot 30 years later, if you never sold those stocks. Guess what, it would of been very very risky to buy that many shares of dollar stocks. Yet at times the chips do fall your way, but predicting those types of risks is virtually impossible. |
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| Post 83 • IP flag post | ||
 Ima gonna steal this and look for some occasion to use it!
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IronMan private msg quote post Address this user | |
Quote:Originally Posted by Homer You raise a valid point. But the analysis is off because of a lack of information. Slow and steady pays off. Not buying into hype pays off. The first 4-5 years after CGC opened their doors, there was this MISTAKEN belief that 9.8's of key Late silver and bronze age books were going to be very, very rare. So you saw some crazy high prices paid for 9.8's of these types of books. Including the 22K for Hulk 181. But the reality was that CGC hadn't been in business that long. Once collectors saw those books selling for those prices in 9.8, collectors that had super nice copies started sending them in and cashing out. If you want to look Hulk 181 in say 9.2 and 9.4 - or even 6.0 - you'll see a chart that has a steady, upward trajectory. The market has settled down now some with 9.8's. After 18 years of professional grading, the hobby has a much better idea of just how scarce better than 9.4 copies of a key issue are. I shouldn't have to point out that the person that picked up a Hulk 181 in 9.8 for $7K in 2013 got a great deal. That was a smart (or lucky) purchase. |
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| Post 84 • IP flag post | ||
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Homer private msg quote post Address this user | |
| If one would of invested $5,000 into shares of Amazon in 1997 at $1.48 a share. That $5,000.00 would be worth $4,391,891 today. Thats only twenty years, yet that stock did pull it off. If you want to just pick, Action 1 40 years ago near mint, AF 15 30 years ago near mint. One could easily find dozens, if not hundreds of stocks who have outperformed those specific books at those specific times. |
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| Post 85 • IP flag post | ||
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Redshade private msg quote post Address this user | |
Quote:Originally Posted by Homer |
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| Post 86 • IP flag post | ||
 COLLECTOR
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conditionfreak private msg quote post Address this user | |
| In 1988 I lived in Cleveland. It was the 50th anniversary of the first appearance of Superman. A giant comic book convention was held at the Cleveland Convention Center downtown, billed as a 50th anniversary celebration because of the Seigel and Schuster notoriety of being Clevelanders. Their home on Amor avenue has a plaque identifying it. It was the biggest Con I had seen before ever. The actors who originally played Jimmy Olsen and Lois Lane were in attendance. I attended with my few dollar and enjoyed the experience immensely, but I did not have a lot of money in those days. Anyway, at one point I was at a booth which had three or four copies of Superman #1 on the top shelf of their back wall. I was just standing there admiring the yellow history, knowing I didn't want to even get near them for fear of accidently damaging one and having to pay a lot of money. I just stared for a time, dreaming. The prices were under the books on the shelf and they ranged from 5K to 20K. While I was standing there staring, an Asian man with a briefcase came up to the dealer and asked to see the Superman #1's. The seller told him only serious buyers were allowed to inspect them. This Asian man calmly put his briefcase on top of the table books, opened it and turned it towards the dealer. I was the only other person at that booth at that time. I could see inside the case. It was filled with stacks of what appeared to be $100 dollar bills. The case was filled completely. I was in awe. I watched as the gentleman went over the books and he chose two and negotiated a price. He got both for $16,000. Put them in his case and walked away. I moved on, feeling very poor and insignificant in the big scheme of things. I think I bought an ASM #50 for eleven dollars and a couple of X-men books for a few dollars from other dealers. It is a great memory. |
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| Post 87 • IP flag post | ||
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Homer private msg quote post Address this user | |
Quote:Originally Posted by IronMan The guy who bought the best Hulk 181 9.8 copy in 2004 did not fare so well. Yes the copies in the fine to 9.2 range saw very solid returns. Even the goods to poor were better investments than the super high grade bronze. |
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| Post 88 • IP flag post | ||
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Homer private msg quote post Address this user | |
| Can that help my investments Quote: Originally Posted by Redshade |
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| Post 89 • IP flag post | ||
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CopperAgeKids private msg quote post Address this user | |
Quote:Originally Posted by 00slim Venom books have already dropped. The time to sell them at their peak was a few months back. |
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| Post 90 • IP flag post | ||
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Ima gonna steal this and look for some occasion to use it!
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IronMan private msg quote post Address this user | |
| @Homer I completely agree. There have certainly been better investments than even the best comic books. Amazon at $1.48 a share was a gamble. No one knew their business model would work. Apple was a steal around this time as well. It's impossible for the average person - and even professionals - to KNOW what stocks are going to blow up in price. So the wisest, safest way to invest in stocks is what Doc Brown posted up. Market index funds that build a portfolio that tracks the overall market. Or a segment of the market. As overall market goes up, so does your shares. In 1997, purchasing $5000 worth of Marvel Super Heroes Winter Special (1st Squirrel Girl) and Batman Adventures 12 (1st Harley Quinn) would be - and pay off like - buying $5000 worth of Amazon. But all of these things are speculative. Purchasing IBM would have paid off in 1997 And so would have purchasing Amazing Spider-Man 129 or Hulk 181. All were much safer, blue chip types of investments. |
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| Post 91 • IP flag post | ||
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COLLECTOR
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conditionfreak private msg quote post Address this user | |
| It's not hard to make 100% profit on comic books. Many do it all of the time. You buy a book new for $4.00 and you sell it a week later for $8.00 Piece of cake. Of course not every new book. But a LOT OF THEM. |
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| Post 92 • IP flag post | ||
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Homer private msg quote post Address this user | |
Quote:Originally Posted by IronMan Kinda, yes you would make a lot of money, but not really as much as it looked on paper. If you attempted to sell 5,000 near mint copies of Batman Adventure #12 in one day, the market would absolutely be crushed. How would you do it, Ebay? Auction house? Really, how would you sell 5,000 copies of the same exact book. Take a picture of the pallet with a box open on top fanning out the books. The market would not be dented if you sold your shares of Amazon in one transaction. |
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| Post 93 • IP flag post | ||
 Collector
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00slim private msg quote post Address this user | |
Quote:Originally Posted by CopperAgeKids True. And overall I was advising caution. My last comment about unpredictability was referring to the long term, say ten to fifteen years from now. Ee just don't know where Spidey 300 or the gold variant of Lethal Protector will be. |
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| Post 94 • IP flag post | ||
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Redshade private msg quote post Address this user | |
Quote:Originally Posted by conditionfreak Hey man I am so glad I found this site. I have $100,000 to invest. I understand that you can double my money to $200,000 in a very short time. Where do I send my money? |
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| Post 95 • IP flag post | ||
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Collector
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Homer private msg quote post Address this user | |
Quote:Originally Posted by conditionfreak Trouble is before you know what your profit is, you must account for all costs of acquiring a customer. You may find it costs more than $4.00 to find a buyer of your $4.00 dollar book, thus putting you in the red. Have you ever walked into the bank and said, I want to deposit my 100% profit for selling my comic book. The clerk would kindly say, ah we only can deposit actual money. |
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| Post 96 • IP flag post | ||
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conditionfreak private msg quote post Address this user | |
Quote:Originally Posted by Redshade PayPal is conditionfreak@gmail.com |
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| Post 97 • IP flag post | ||
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COLLECTOR
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conditionfreak private msg quote post Address this user | |
Quote:Originally Posted by Homer Ha Ha. I think I get your point, but you are so wrong about the details. I have deposited many checks and even some cyber deposits went just fine. And they don't care how you got your money (profit). They will take it no matter what. |
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| Post 98 • IP flag post | ||
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Collector
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Homer private msg quote post Address this user | |
Quote:Originally Posted by conditionfreak Details, yes. How much did your computer cost, how about those monthly internet bills, how about that chair you were sitting in. Are you sure you know what your costs of acquiring a customer really are. What were your costs of acquiring inventory, how did you buy that $4.00 comic. It didn't just land on your desk. How much did you invest in labor, how do you value your time by the hour, what about expenses, fuel and vehicle insurance. |
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| Post 99 • IP flag post | ||
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COLLECTOR
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conditionfreak private msg quote post Address this user | |
| This is getting silly. Whether or not I sell even one comic book. I would have the same computer, the same internet service, and my swivel chair. I like you. But you really should think twice and type once.  |
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| Post 100 • IP flag post | ||
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Ima gonna steal this and look for some occasion to use it!
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IronMan private msg quote post Address this user | |
Quote:Originally Posted by conditionfreak This... And this is why the IRS won't let you deduct the cost of your computer, internet and chair on a home based business. Unless those things are ONLY used for the business and nothing else, they assume you'd have internet, a computer a few chairs in your house anyway. |
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| Post 101 • IP flag post | ||
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Ima gonna steal this and look for some occasion to use it!
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IronMan private msg quote post Address this user | |
This thread is awesome BTW. I'm jealous. I rarely start threads. But when I do they rarely go past a page. Some newbie comes in and asks a question and 100 posts later it's still going strong. It ain't fair I'm telling you.  |
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| Post 102 • IP flag post | ||
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conditionfreak private msg quote post Address this user | |
Quote:Originally Posted by IronMan I promise the next time you start a thread, I will get into a long "discussion" with someone. It's easy to find a sparing partner around here. |
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| Post 103 • IP flag post | ||
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Comicnewbie private msg quote post Address this user | |
| @IronMan Sorry my friend. I had no idea this would happen. BTW, Thread lessons tomorrow at 1pm eastern lol | ||
| Post 104 • IP flag post | ||
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DocBrown private msg quote post Address this user | |
Quote:Originally Posted by IronMan These are both very disingenuous responses to what Homer wrote...and conditionfreak's, as usual, is contemptuous and insulting. Why don't you respond to Homer's entire post? |
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| Post 105 • IP flag post | ||
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