He Said “Comic Books Are A BAD INVESTMENT!”
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- Опубликовано: 29 июл 2024
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Original Video - • Are Comic Books Good I...
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Thanks for the review! Always fun to see how I come across to other people 🤣
You did well. I'm sure your channel will grow fast.
@@ComicCollectorGeek Appreciate it, thank you!
This guys arguments AGAINST comic books as an “Investment” were very well thought out and he gave concrete examples of every point he presented. Your effort to amplify his audience was well deserved.
You don't have to be a financial advisor to understand that anyone who thinks comics are an "investment" doesn't know much about either.
and yet masterworks is booming!!!!!
I got back into the Hobby 5 months ago after 34 years. I was huge into comic books as a kid and teen in the 60s, 70s and 80s but sold them off after my Son was born in 1990. I am having a blast buying favorite titles of the past as well as buying new releases. I do it though because I enjoy them, enjoy the collecting. I can see the difference in doing it for fun over doing it for investment/profit... I'll stick to fun!
welcome back, have fun and beware the flippers,...!
Nice, never to late to do anything you enjoy. Have a similar, funny/strange story, I'll try to condense it/but its a long one. I diden't collect comics back in the 1990's, a buddie of mine (have long sense lost touch with him) but anyway, he invited me to go with him to a comic shop. I said nope, thats "lame" ; though he finally convinced me to go and i brought $100(thats not alot; but for me being young, and 100 was alot, i said heck with it, gona see what i can get) if your wondering one of the books was amazing spiderman #57 Ka-Zar, Good con and still have it , but have picked up a upgrade sence. THEN, I lost my collection! yep gone for over 15 years! after multiple house moves, and just lost intrest in comics in general, never seen any of them, (were talking about 20 books). Well turns out, i had put it in plastic tuperware box! WTH! and found it again 3 years ago to my astonishment in a random closet. Moral of the story? Never store books in things that don't look like comic book storage! well been collecting again for a few years and that was the catalyst to get me back into it. Anyway, enjoy your new/old hobbie, best of luck -Cheers
Of course he isn’t a financial advisor, he’s just a collector a true collector
They are a bad investment. I started out in 1983 out of love for them then and today.
Ask a 'collector', why do they have so many CGC'ed books. Bottom line, if a 'semi-guaranteed' grade of an issue is that important to you, you are an investor, no mater what you say or explain to others.
I don't think I agree with him. He is buying the wrong comics to "invest" in. Yes, they are keys, but do they move? Who wants the first Riddler right now, or even if the char gets hot? Is it affordable to the average person? To me, he seems more like a collector than an investor. For my money, I'd have bought a few hundred copies of Ultimate Spiderman, week 1. OR.. crazy thought, how about key Deadpools/Dr.Doom/Wolverines/Xmen/Harley/Joker. But instead, he is talking about Wonder Woman's lasso??? Really??? It's obvious he has money, but is he really investing it correctly to make money?
Instances like that Ultimate Spider-Man example you gave are so infrequent that again, it doesn’t do much to sell the idea that comics are a good investment choice.
It’s a hobby
Frankly, anyone with an ounce of financial literacy (and is being honest with themselves) already knows that investing in comics is higher risk as an alternative asset class and should only be a small % of an individual’s overall investment portfolio (similar to real estate or crypto, e.g.). Most people would be better off (particularly in today’s market) putting their money in a S&P index fund than comics. Certain savvy comic investors can make money if their investing is done right. But I think for most ‘investors’, the rate of return on their comic collection is less important than the enjoyment of collecting (the nostalgic value) and being part of the comic community. At least it is for me.
momo definitely has some nice books,....hoper he shows some of his atomic gems next!
during this drawback, many values have suffered, but a lot more of it seemed to be newer material as opposed to golden/atomic age books,.....why?
golden age: much lower supply, true scarcity, esp. in grade. demand fueled by collectors who are buying the item because of love for the art and story.....
newer age: large supply, demand fueled by speculators looking for quick profit oftentimes,... see the books as an item, may never read the story or look at the inside art,
the times they are a changin'.........
He is correct. But many of us in this hobby tell others to collect what you like/love. I love the hunt out in the wild. My 8 yr old son loves to be with me when we do go looking together. I may not get rich off my collection, but if I leave it to him, he sure will. And I'm ok with that because we did it together and the time together is just as valuable to me.
100% agree with him. I’ve enjoyed his content so far. Great video on a great topic. A+
Thanks, appreciate it!
Sticky Goose,he is right but I still say if you only buy the key issues then you should be ok. I am just trying to get a TMNT#1 then I am calling it quits for awhile.
Dude made some good points. Dig the T-Shirt🔥🔥🔥
Great video. A few things I would consider though.
When it comes to utility, many other asset classes don't really have that much real utility either.
Comics are not revenue generating investments, that's true. They are mostly speculation.
However, while most stocks are far better as solid investments, very few of them multiply spectacularly, and they can also go down significantly or to nothing at all. Most stocks don't have great dividends. And even with something like the S&P 500, if you don't buy at the right time, you might have locked away your money for ten or twenty years before being able to get it put again avoiding a loss. Whereas even if comics go down in value, you still have them to enjoy. There is not much enjoyment to be had out of a stock that had tanked, unless it had as amazing dividend.
Great key comics will also not go down to nothing the way way stocks can. Before anybody says "Eternals 1", that was never a great key comic haha
The thing about getting a good return out of comics is that you gave to be really really really careful, disciplined, and know to sell them back into the market.
Consider them as part of a larger investment strategy and that's perfectly okay. But do not think of them as your golden ticket to endless riches.
Yeah, he popped up on my interest page at probably the same time as you found him. Everything he said naturally becomes innate, comment sense knowledge to anyone who's been collecting for even a little while.
Sticky he must have the money.
Stop talking over him. Pause him and make your point. It sounds really messy otherwise.
Fine art is in the same category so buying that monet for 10 million 10 years ago and selling no it for 60 million now hmmmmmmm
Fine art is not in the same category as comics and that Monet is one of a kind. With all due respect, not a good analogy.
@@spinnerrackstudios and yet those comics are not a dime a dozen! LOL!
Golden Ange and Silver Age books are easy to turn into Cash. Its the idiots that are slabbing a new book I laugh at.
no they're not did you watch the video
For the most part yes. Unless it is a UF4 they bought for twenty bucks, and selling for 3k+
True modern gems are few and far between, but unlike golden and silver age, you can actually get in on them on the ground floor.
I enjoy ypur content and openness. Thank you for sharing!
Great vid sticky, and entertaining to boot. So the big question to ask concerning comic collecting is ; are you having fun? thats the big question for me. Another thing is hey, why not do both or many? ie; collect whatever you enjoy, maybe make some money here and there, and invest in the stock market, gold or whatever floats your boat. I myself have always loved to read, been collecting books seance i was a young pup, so starting a comic collection was easy, and a smooth process. Yep, Momo's channel has alot of quality content, been enjoying it for a while, you guys both rock as far as youtubers go. -Cheers
Thanks, appreciate the support!
@@momoonocollects 🏄 -Cheers
I get book’s but not as investments. And not the expensive ones.
I thought he did an amazing job of explaining his point of view. I subbed his channel, thanks for sharing 👍
I commented that the $150,000 he supposedly spent on comics could have paid my house off!...now that is an investment!😊
Yep sounds good, then you have all that yard work to do.... and upkeep, or a wife that wants a new kitchen remodel? not that you need it, but just because. A pool perhaps? after my dad wanted one (growing up when i was young) so ;he put one in, he than absolutely hated it after a few years the upkeep/beyond words! just another money pit sucking up money. O and how about that property tax perhaps? yes the list goes on and on and on. A house is a liability, until you sell it, then yes it can be profitable (!but dont forget to do the math with all the money/time=money you put in it over the years!), in the meantime (ill use stock market terminology/your" just holding a bag" /a bag holder)- hey kinda reminds me of comic books lol 🤣 That being said , I myself own property (a condo). Do what makes you happy, in the end. Best of luck with your house and maybe your collection? anyway don't mean to be a Debbie downer or anything, lets just "keep it real" see what im saying? Best of luck, -Cheers
@@mikein60fps30 a house is an investment you need to be smart with your money out some away for issue like home repairs ect. A home is supposed to be a comfort a get awsy and your owning it unlike renting your lierally paying someone elses bills at $2/3k a month and you dont own nothing once you move out. I coukd say more but to each there own.
@@JCtheComicGeek Yep, i would never condone renting, I figure the part i'm getting at is the scale of it. A house-biggest cost of upkeep, just bleeding away, then mobile home, then townhome, then what im in, a condo. I hear from alot of large house owners, "you dont own the house, it owns you" or "you become the home" ie; anytime a friend is talking to you its;, "just repaired the pipes in the front lawn", "new roof time", bathroom remodel, etc all that money, it can add up to become a monster. Anyway, hopefully when you go to sell you can make your money back, and then some. Just don't forget all those sunk costs when doing the math of it. Best of luck
I realized in the last couple months that I would like to be a comic book collector and have great stabbed keys and what not but I just can't justify that reality. I have about 50 slabs and I'm getting rid of all of them soon. I enjoy reading books and lately have been buying the collected editions of titles and have really been enjoying that. At one time I thought I could possibly put together a full FF run. Uh huh. I'll buy the epic collections or check them out from my library which has about 500 trades and manga and is ever growing. It's been a great source for reading material and free. Not sure how many libraries have these types of books but they should consider getting some in my opinion. Gets me through the door.
Totally agreed!
It should be a hobby unless it is your source of income. Great video, both of you.
this guy is your main competitor
Not sure about that 😆
I love MomoOno's channel! He's a great communicator, he's smart, and he's freakin' hilarious! If you haven't also watched his vids on his CGC experience, those are pretty compelling as well.
He talks the talk and walks the walk, some cool key issues
He's right
comics are very easy to view as investments. I use ebay as a guide and offer the price I would receive at a show if I were to sell on ebay. I buy books I want.
Yeah, some of those books are crazy priced. ...I can't afford that either hahah. .. I'm going to start a comic channel also I think but.. .. yeah. ..cheap books....I'll be the cheap books guy.. .but hey, I love comics so I have to start somewhere...
All reasonable points for discussion, but like any investment you would just factor those additional costs and other variables into your buying price point. Comics are low maintenance, variable liquidity, and doesn't offer compound interest. They can be treated as part of a portfolio, but shouldn't be the majority %.
like yo setup bro
I just read the books I like
Cool video.
Is buying cheap Wolverines a bad idea?
I've seen this guy over the past few weeks and I'm still not sure on how I feel about him. There's something very Phoney Baloney about his delivery. Will reserve my opinion on him until I see more and see where this is going
I actually don't script any of my videos, so not sure how it comes off phoney, I'll have to work on that though. Thanks for the feedback!
As far as where it's going, not sure what you mean. Just sharing my love of the hobby and connecting with others. Appreciate you watching!
@@momoonocollects The fact that your thinking about and replying thoughtfully to comments is a good sign. You might not be Phoney Baloney
@@comicjourney thanks, really appreciate it! I'm new to all this, so I've got a lot to learn so just trying to get better every day
Hope to see you around on the channel, thanks again for watching!
What's Biden got to do with it?
He's destroyed the economy and printed the country into oblivion.
His uncle ate the comics before he was eaten by cannibalism right?
a criminal who is hell bent on turning america into a sh@thole like all 3rd world nations!!!!!
The guys not wrong totally but I love collecting my comic books and keeping them on display so it’s more like an expensive cool hobby. 20 years from now I will end up selling them and giving the profit to my kids.. you just have to make sure that you’re not Spec’n of the garbage MSheU woke 💩 movies so your books keep some value 😅
100 percent!!!!!!! bro! thats the real problem!
I don’t know SG. The stuff he said sounded right. But I kind of got the feeling he was trying to be funny. And I didn’t think he was. I don’t know. Maybe I am cranky today. Not sure.
Funny as in sarcastic? Because I wasn't going for that. Funny and is humor? Yeah, I can be hit or miss in that department 😆
@@momoonocollects big miss
@@uglyewok6715 Kinda like buying 529s? 🤣🤣🤣
@@momoonocollects think again.🫤😲😮💨😪😮😮🥴🥴😵🤒🤒🤒😺😽😼😻😾🥱😯😯😮💨😲😴😵😮💨
@@momoonocollectsyou are an ignorant a$$
😖😒🙄 I watched a few of his videos last night( his cgc rant-ish content.. Not impressed. I'll give him a few more viewings, just to be fair. * I did sub, and like. - I'm not some kind of barbaric miscreant.
Appreciate the sub and like! What type of comic book content do you enjoy watching?
Basically, It's all been done at this point. Carve out your own niche, and don't pay attention to negative comments. Good luck with your channel. 👍
@@Geoffreydarcy-pv4mq Appreciate it, thanks!
Well, technically NOTHING that you buy "produces revenue" unless you SELL IT. My house? I bought it for $300K. Does it generate revenue? Nope. When I sold it? - $700K. So who's correct? Comics produce revenue over time - similar to stocks.
They don't produce monthly income like a rental property or 9-5 job would.
By revenue I mean passive income like rental income or a dividend 🙂
Use an auction house. Easy. Done.
Well he’s probably right but it’s still a fun hobby,, the search is like a quest, I’m divorced so I got comics all over my condominium 😅, why bash Biden??
because he cant read a teleprompter like it was intended and is running the country into the ground!!!!!LOL!!!!
I'll gladly buy all of his books at minus 50 percent value yours too
I buy books way over 10k all the time
I am a financial advisor and a comic books collector. Comics are not an investment. They are a speculative alternative asset class.
I love comics and I don’t want to sell my personal books, but….their growth does not compound.
If you invest in the stock market indices, your interest and dividends alone will likely give you enough income to buy expensive comics almost without end.
I love comics and I do buy bigger books, but I differentiate between collectibles and investments.
He must’ve wanted the book’s pretty bad and now doesn’t want them.Either that or he shouldn’t buy any at all.
That makes sense assuming I only buy comics for investment purposes. There are many reasons I continue to buy comics though, mainly because I enjoy them and the hobby and I love collecting. And yes, I still want my books and yes, I'm still buying! 😄
Why are you so mad? Everything he said was basically correct. Collecting Comics shouldn't be about money. If you are doing it for financial gain, you are nuts.
I'm clearing about 30%-40% on graded books after "seller fees", that's a good amount of return in relation to the stock market of about 8%-15% yearly. A good sum of his presentation is actually incorrect or very much not fully informed. Collecting comics "shouldn't" be about money? Well, at some point you're going to have to plan an "exit" strategy as you and I don't live forever. You're going to throw them in trash or leave the burden on your heirs to make the decision for you? Yes, there is always going to be a financial attachment to comics. Even storage is invaluable as well.
LET’S GO, BRANDON!!!
Political musings, from the intellectually deficient. Always entertaining. 😁
@@Geoffreydarcy-pv4mq get back to praising a president who has no idea where he is, molests children and is more worried about where he gets his next ice cream cone than getting our economy back on track. You, can get back to grooming children and defending the right for all ages drag shows.
@@Geoffreydarcy-pv4mq spoken from a smooth brained liberal who says democracy is at stake, but also wants to jail his opponent! yah that screams democracy in america!!! LOL!!!!
@@Geoffreydarcy-pv4mqLGB.. now go cry cry
Let me count the ways on this person.. oh boy. First, I'd recommend he see a stylist on the hair game. He needs to do a better job on understanding the topic he is discussing. An investment doesn't have to give revenue to be an "investment" as comics are relatable to a "growth" stock. He's referring to dividends and other "cash cows" in a weak attempt to compare comics with other income producing vehicles. The reference to BONDS, they do not have a highly traded market. His reference to "utility", oh boy. I can have a Van Gogh painting and it serves minimal "utility", but nonetheless it will hold a good amount of value, just like comics. So he's gonna complain on "seller fees"? Never mind "Capital Gains" taxes on the other vehicles he's trying to compare to. Wealth accumulation is ALWAYS going to have sunk costs and overhead in that path no matter now you look at it. Yes, I have a degree in this field and passed the Series 7 and Series 66. His knowledge is "casual" at best.
Never said I was an expert 👍 just giving my two cents of experience
I'll work on the hair 😉
You have capital gains tax on both traditional investments, such as stocks, and on comic books. Of course, your underlying suggestion is not reporting gains on comic sales, but that is tax fraud. And regarding seller fees -- let's take Heritage Auctions as an example. They charge 10% seller commission on the hammer price plus nearly 20% buyer's premium, which is nothing more than a disguised additional seller fee. Comparatively, online stock trade fees are nil. And comparing a one-of-a-kind Van Gogh fine art painting to comic books? Come on! Finally, you just had to insult his appearance, didn't you Jerry? That of course has no relevance to anything and is nothing more than elementary school playground behavior.
@@spinnerrackstudios Heritage is just ONE outlet and you don’t even have to use them. I disagree with buyer premium, but that’s a different discussion. Where did I say not claim capital gains on books? There’s obviously less of a paper trail in a comic you purchased years ago as opposed to a registered stock. Let’s be real. I don’t recall a Van Gogh making headlines for millions like an Action Comics within the last (6) weeks, so yes, that is a very comparable topic. You sound like a bad friend who wouldn’t fix their friend’s tie on their suit or wipe the dust off their jacket before standing in front of an audience.
@@spinnerrackstudios appreciate the support! 🙏 The reaction to the video has been overwhelmingly positive, which is great. It's nice to know it resonates with so many people
That said unfortunately there will always be people who express their opinion as fact, mischaracterize what you say, and use ad hominem attacks
Not sure why some people are so bent on being destructive to the hobby, community, and other human beings. I'm just glad they're the microscopic minority
Meanwhile we'll just keep continuing doing our best to build this hobby, community, and each other up. Heaven knows we could use a lot more of that in this world!
I have 17 securities licenses and 32 yrs. Registered with Federal regulators, and he is 100% correct.
We need Trump back to make comic books great again!!
No.
@@roundeyeshanghai2647yes!
@@roundeyeshanghai2647Maga 🇺🇸
@@speedbagboxer7451 Your comment is the equivalent of throwing up a gang sign.
@@johnnydropkicksthen throw some back or cry about it more
All the books he showed. Give me 12 hours I could turn them liquid
I have zero interest in behaving like this nimrod and spending that type of money on comics that will eventually fade into obscurity due to the coming generational amnesia comic apocalypse. My money is much better spent on my sons’ 529 college savings plans. Take care of your family first… of course, this Momomomomomo guy probably has no children.
I actually have 4 girls and as the sole provider and investor of the family, I take care of them every day. Thanks for the comment!
@@momoonocollectssure thing momo boy
I agree sticky its all biden's fault! He doesn't know it though! 😂