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uchiha101
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Posts posted by uchiha101
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So, on top of buying comics you are also buying video games it seems at an increased rate. That is just fantastic!!!
I picked up a lot of 50+ video games on ebay in as is condition and if they all work it's a great deal and as always if you're interested in something comment below or messaged me.
So all that cost you $100...Was that Canadian or USD? Does that price include shipping? How much of it have you sold?
"I picked this up because of the rare gba sp colors and the ags 101 sp plus the fact that it had Pokemon sapphire and Pokemon black 2 which I thought I saw but couldn't tell because it was blurry so I took a chance".
So was that lot $130 CDN or USD? Is shipping included in that? Did they all work, are you going to have to put out more cash or did you for anything that did not work?
Admittedly, I know nothing about these games but how much do you figure you will be able to make on resale?
Also, I hope you are paying your sister for helping you make your videos.
Did you check the date of the video? the 50+ games lot was 100usd shipped and so far I've sold 30usd of it
The second lot you see everything but one works as I don't have the charger and after everything is said and done I should make 200 and I don't pay my sister she helps with video I help clean her room.
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What makes you feel like you deserve a job that you love and pays well?
Why do you deserve it more than the person working full time and going to school full time? Or the person working 2 jobs to take care of his family?
Why do you deserve it more than the soldier fighting for his country?
Why do you deserve it more than the soccer player born with innate skills and crazy work ethic?
Why do you deserve it more than the PHD student who has done 15 years of schooling AFTER high school including research that might actually HELP someone someday?
Why do you deserve it more than every other person who finished college? or trade school? Or served in the military? OR doesn't have emotional issues?
Do you deserve it more than every single person with more business experience, sense, education, or experience than you?
Do you even deserve it more than the son who's dad buys him a comic book store? Why or why not?
Why on earth would you be entitled to a job you enjoy AND pays well? What if you had a passion for something but it didn't pay well? Or what if you had a valuable talent, but you didn't enjoy it?
You can find joy, honor (more than you'll ever have), and respect in ANY honest job, done diligently and with pride.
And if you want to find something you enjoy but pays well, why the eff are you even remotely interested in comics? How many full time comic dealers on the planet do you think pull down six figures? And how many are in Canada? Do you have any idea? You probably have a better shot at joining the CFL or being a rodeo clown.
You are currently a million miles away from even THINKING about a job that pays well that you enjoy. You can work towards one, but your level of entitlement (especially when coupled with your political views) is absurdly disheartening and frustrating. You're not operating in a reality that actually exists. You're operating in an addicts spiral, exacerbated by mental, emotional, and learning issues, mixed with healthy doses of questionable (at best) entitlement world views.
I never said I should get one immediately and without any effort but everyone deserves something career wise that makes them happy. I'm not responsible and shouldn't be responsible for the actions of others like all those examples you mentioned, I never forced their choices upon them. I'm interested in comics because I can make money with them and I read some of them as well. Again you're saying it like I want a amazing job now and that's not right it's something to work towards. I don't talk politics on here for more then one reason.
WRONG WRONG WRONG WRONG!
You deserve what you earn in life.
Anything else are gifts, gravy and icing on the cake.
Why do you keep thinking I'm talking about the present?
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Gabe,
From reading this thread it is clear that your "career guide or whatever you call them" that you put so glibly, isn't the problem.
YOU ARE.
If you actually have a professional counselor(s), I encourage you to let them read this thread and see what they think but I suspect that you don't listen to them either.
Fact is, you want to deal in comics because you think it is cool and fun and hip and not something you would have to ever actually break a sweat over.
Cool and hip? I do like comics and enjoy reading some of them but I'm doing this to make money.
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What makes you feel like you deserve a job that you love and pays well?
Why do you deserve it more than the person working full time and going to school full time? Or the person working 2 jobs to take care of his family?
Why do you deserve it more than the soldier fighting for his country?
Why do you deserve it more than the soccer player born with innate skills and crazy work ethic?
Why do you deserve it more than the PHD student who has done 15 years of schooling AFTER high school including research that might actually HELP someone someday?
Why do you deserve it more than every other person who finished college? or trade school? Or served in the military? OR doesn't have emotional issues?
Do you deserve it more than every single person with more business experience, sense, education, or experience than you?
Do you even deserve it more than the son who's dad buys him a comic book store? Why or why not?
Why on earth would you be entitled to a job you enjoy AND pays well? What if you had a passion for something but it didn't pay well? Or what if you had a valuable talent, but you didn't enjoy it?
You can find joy, honor (more than you'll ever have), and respect in ANY honest job, done diligently and with pride.
And if you want to find something you enjoy but pays well, why the eff are you even remotely interested in comics? How many full time comic dealers on the planet do you think pull down six figures? And how many are in Canada? Do you have any idea? You probably have a better shot at joining the CFL or being a rodeo clown.
You are currently a million miles away from even THINKING about a job that pays well that you enjoy. You can work towards one, but your level of entitlement (especially when coupled with your political views) is absurdly disheartening and frustrating. You're not operating in a reality that actually exists. You're operating in an addicts spiral, exacerbated by mental, emotional, and learning issues, mixed with healthy doses of questionable (at best) entitlement world views.
I never said I should get one immediately and without any effort but everyone deserves something career wise that makes them happy. I'm not responsible and shouldn't be responsible for the actions of others like all those examples you mentioned, I never forced their choices upon them. I'm interested in comics because I can make money with them and I read some of them as well. Again you're saying it like I want a amazing job now and that's not right it's something to work towards. I don't talk politics on here for more then one reason.
the point is that its all linked, even though you aren't making the connections. You haven't found the right low-level job or training, because you haven't found the right career to work for, which conveniently allows you to stay in this holding pattern until you decide, as if you deciding or 'finding your passion' is your biggest hurdle. And you have to 'prove it to yourself', which conveniently allows you to keep buying/selling comics until you're square, which might be NEVER, and could take years. You have so many OTHER THINGS TO OVERCOME before worrying about your future career or your passion or selling comics for profit that you SHOULD BE WORKING ON NOW. You're holding to these idealized fantasies for no reason, and they're paralyzing you. If I just turn a few profits on comics and find my passion, everything will be cool....
I do have to prove it to myself and what is my biggest hurdle then? That you think this is a fantasy? I'm already drawing close to breaking even and I started following James's advice about buying smaller which means I'll make less mistakes and more profits with much less risk so it won't take forever but since on one believes me the numbers will do the talking for me.
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Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
Any idea how much the rest of your books (inventory) will sell for based on previous sales?
About 500-750
Wait, nobody else picked up on the fact that by his own accounting he has $1,448 in inventory that he expects to sell for between $500-750?
Who can keep track of it with his odd style of book keeping. Little books, big books...books that end in the letter Y.
Little books are anything 350 and under, Big Books are anything 350 and up
LITTLE books are $350.00?? Are you freaking kidding me? You work (maybe) 20 hours a week and make, what, $11.40 per hour. That means you make about $228.00 per week, before taxes. And you're sitting there and saying that buying a comic book for $122.00 more than you make in a WEEK is little?? Your best bet is that coming up with excuses for constantly screwing up ever becomes a paying career. If that ever happens, you'll have more money than your buddy Donald Trump.
What was am supposed to call those comics? Compared to 800 and 1k they are small. I did this because I've had people ask me.
Are you for real? Nobody, but nobody, is that dense. Here's what you call them:
1) Comics you made money on ( a very, very small pile)
and
2) Comics you lost money on ( a very, very big pile)
That's it. Two columns. No big, no little, just plus or minus. On a positive note though, you can take a 3x5 index card, write "Comics I made a profit on" at the top and go the rest of your life without ever filling it up.
That's not what I meant I meant someone asked me to make a list of big comics I bought and sold and little comics I bought and sold that's what I gave them my inventory list already has everything added.
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Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
Any idea how much the rest of your books (inventory) will sell for based on previous sales?
About 500-750
Wait, nobody else picked up on the fact that by his own accounting he has $1,448 in inventory that he expects to sell for between $500-750?
Who can keep track of it with his odd style of book keeping. Little books, big books...books that end in the letter Y.
Little books are anything 350 and under, Big Books are anything 350 and up
LITTLE books are $350.00?? Are you freaking kidding me? You work (maybe) 20 hours a week and make, what, $11.40 per hour. That means you make about $228.00 per week, before taxes. And you're sitting there and saying that buying a comic book for $122.00 more than you make in a WEEK is little?? Your best bet is that coming up with excuses for constantly screwing up ever becomes a paying career. If that ever happens, you'll have more money than your buddy Donald Trump.
What was am supposed to call those comics? Compared to 800 and 1k they are small. I did this because I've had people ask me.
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with the comic things I want to prove to those that don't believe I can get out of debt in comics and stay in the red forever.
Why?
Two reasons
1) To prove it to myself that I can do it
2) All my life I would give up and quit when things got hard and comics is something I'm sticking with
maybe you should stick with school.
isn't school cheaper in Canada? get an apprenticeship, train yourself to get some useful certifications or pass some government tests. None of this will be done for you, it will NEVER just fall into YOUR lap, you may see it happen to other people, but you HAVE TO ACCEPT that you will have to fight YOUR WHOLE LIFE to just be equal. And it can be done, and you can be successful, but you have to be 10x the man you are now.
What would you do if you were a brand new immigrant to Canada, and you had no applicable skills and not a ton of money? You need to bring that urgency to the table, the gratefulness for the opportunity, because that has value to an employer. Otherwise, literally what are you bringing? The fact that you're white and speak English? Fine, just go get paid for a green card marriage and play video games all day.
Compared to the States yes it's cheaper. I wanted to be a welder and I've talked to other welders they said you need to have a steady hand. I don't know what I want to do but I do know getting a job with more hours will help until I figure out what I want.
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What makes you feel like you deserve a job that you love and pays well?
Why do you deserve it more than the person working full time and going to school full time? Or the person working 2 jobs to take care of his family?
Why do you deserve it more than the soldier fighting for his country?
Why do you deserve it more than the soccer player born with innate skills and crazy work ethic?
Why do you deserve it more than the PHD student who has done 15 years of schooling AFTER high school including research that might actually HELP someone someday?
Why do you deserve it more than every other person who finished college? or trade school? Or served in the military? OR doesn't have emotional issues?
Do you deserve it more than every single person with more business experience, sense, education, or experience than you?
Do you even deserve it more than the son who's dad buys him a comic book store? Why or why not?
Why on earth would you be entitled to a job you enjoy AND pays well? What if you had a passion for something but it didn't pay well? Or what if you had a valuable talent, but you didn't enjoy it?
You can find joy, honor (more than you'll ever have), and respect in ANY honest job, done diligently and with pride.
And if you want to find something you enjoy but pays well, why the eff are you even remotely interested in comics? How many full time comic dealers on the planet do you think pull down six figures? And how many are in Canada? Do you have any idea? You probably have a better shot at joining the CFL or being a rodeo clown.
You are currently a million miles away from even THINKING about a job that pays well that you enjoy. You can work towards one, but your level of entitlement (especially when coupled with your political views) is absurdly disheartening and frustrating. You're not operating in a reality that actually exists. You're operating in an addicts spiral, exacerbated by mental, emotional, and learning issues, mixed with healthy doses of questionable (at best) entitlement world views.
I never said I should get one immediately and without any effort but everyone deserves something career wise that makes them happy. I'm not responsible and shouldn't be responsible for the actions of others like all those examples you mentioned, I never forced their choices upon them. I'm interested in comics because I can make money with them and I read some of them as well. Again you're saying it like I want a amazing job now and that's not right it's something to work towards. I don't talk politics on here for more then one reason.
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How does a guy, who was previously on government assistance, still live at home and only works 20 or so hours at a minimum wage job even afford, much less have the nerve to spend $11,000 + on comic books?
Something is seriously rotten about that.
Gabe, think of work (as in a job) as profit. How much "profit" would you have, say if you had been working 40 hours a week at a minimum wage job instead of your current 20 hours and not "dealing" in comics? What if you put in that time "dealing" to actually got yourself another 20 hours per week?
I GUARANTEE you would be MUCH further ahead in life.
Let's look at it shall we? These won't be exact but will give you an indication of how much further ahead you really could be if you actually, you know, WORKED an extra 20 hours per week on top of your current measly 20 hours per week.
20 hours per week x 11.25 pay per hour (yes it has not always been $11.25 but let's just use that figure as it was that for the past year and will be moving up to $11.40 on October 1st) = $225 per week. $225 per week x 52 Weeks = $11,700 per year.
$11,700 income x 3 Years = $35,100.00!!!!!!!!!!!!!!!!!!
By working three years at an extra 20 hours per week, you would have netted yourself an extra $35,100 (again, not accounting for taxes, missed/sick days, etc., etc., etc.) How does that "stack up" for you? How does an extra $30,000 grand or so measure up against negative $600 or whatever you are at for "dealing" in comics? Even if it was only HALF that amount you would still be LIGHT YEARS ahead of where you are now.
Look at those numbers. Is ANYTHING sinking in?
The numbers sink in but I'm not doing this for a living right now it's something I'm doing on the side, also I'm working with my career guide or whatever he is and it's not working out yet.
You are not doing anything for a "living" right now.
Doesn't that make you angry? Embarrassed? Sad? That you could be up over $30,000 instead of down $600? When you don't have a full-time job and can't support yourself, what you repeatedly ignore, is that you should not be doing anything "on the side" other than getting your mess together and finding the means to support yourself on your own. You lack the ability to address and work on your issues and 'flip' comics at the same time. It's been proven time and time and time again.
This whole "I'm getting better at it" that you keep telling yourself is a delusion. You haven't and you won't. Not until the root causes of some of your crappy attitude and challenges are addressed. Thank goodness KPR bailed you out on the ASM #129. You went through MULTIPLE steps online and still bought the wrong grade and over paid from a make money angle. That is beyond a rookie mistake.
You are a complete failure at this. If you keep following this path one day you are going to wake up, 40 or 50 years old without a pot to urinate in and wonder what the heck happened.
No it doesn't but it makes me feel I should have made the right choices with choosing a college though. My friends tell me how much debt they pay, their car, house, utilities, insurance, food, life, medical, student loans and bank loans. That all said and done significantly reduces their take home pay and that's not counting taxes.Telling myself I'm getting better is not a delusion but a reality and I know you don't see it that way because you see me as a failure. KPR offered me a fair price and I'm happy with that but it wasn't multiple steps it was two, Confirm and pay. I over paid because of my emotions getting the best of me, not paying attention to what I was buying and not reading the details. I won't let it go that far as I already said but by the time I'm that old I want to have almost everything figured out.
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Getting a handle on your emotions and impulses is not suddenly going to upgrade your business acumen.
This is not going to change your inability to barely grasp anything but the simplest aspects of flipping
This is not going to change how it appears you need your hand held virtually every step of the way.
This is not going to change how you ignore most of the good advice given you.
And it's not going to change the fact that you're just plain bad at this.
It won't upgrade my business acumen but I think you're missing the point, the majority of my losses are from my emotions and once I get a handle on it I will be in the green or very close to it that I can promise you and since you like examples I'll give you some
I wouldn't have bought or overpaid for GSX 1 $355
JLA # 1 NG $210
Bat 4 $223
Betty and Veronica 320 $470
Infinity gauntlet's 9.8 x5 and 9.6 x2 $985.60
X-men 266 9.6 graded $337.50
ASM 129 CGC 8.0 $966
Total money saved $3324.10
So when you tell me my control of emotions won't help things I have to say I disagree
I'm missing the point? Seriously?
Yes because you're not taking into account how much of a impact my emotions really have so I gave some example and since you were talking about time and money that would have been almost a 30% roi so 10% a year which is what stock investor usually aim for if not more.
Yes I have. Your emotions don't make you have a bad memory or make you lazy or make you discard expert advice.
But I'm missing the point
Maybe I'm missing it then but I'm just saying that emotions play a big part in what the result over three years has been and I do realize I have multiple issues to deal with.
Clearly you want to buy and sell comics despite an almost unanimous chorus of 'don't do it' from well meaning boardies, and a determined history of issues and mistakes.
So I say do it. Keep a strong grip on your emotions, check your prices and read auction text carefully. Do your best to make good decisions and smart purchases. Borrow money, use your credit card, buy the best books you can, hell make a ton of money and some day buy and sell that million dollar comic.
I appreciate that and I know you don't approve of what or what I'm doing that but it was genuine advice.
It wasn't all genuine advice - credit is a bad idea.
But go for it. Earn and save every penny and buy books and collections. Find out if you can get better at this.
I've talked to some boardies on how to use credit wisely so that interests rates and overspending get you. Do I think I know better then them? No but they gave me good advice because a credit card can be a good tool but I won't make want to make any mistake with it because it will be my mistake with interest literally.
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Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
Any idea how much the rest of your books (inventory) will sell for based on previous sales?
About 500-750
Wait, nobody else picked up on the fact that by his own accounting he has $1,448 in inventory that he expects to sell for between $500-750?
I thought he said he has a bunch of $1 books that he was unable to sell. I'm assuming he way over paid of a batch of whole sale $20 a long box type of books and will take a hit when selling. If he has proven he can lose money time after time on key books which should be steady profits if bought correctly I can see how he would lose 50% on harder to gauge low price books.
That's what I'm talking about. No amount of keeping his emotions in check is going to help him with his biggest problem when it comes to flipping comics. He's bad at it.
Then what do you think made me buy it in the first place?
1) Not knowing the market
2) Not being interested in learning the market no matter what advice you're given or how many people give you a basic playbook to follow
3)Not knowing what you're doing
I think that about sums it up?
I use gpa to look at the prices of comics and yes I don't know what I'm doing many times which is why I ask. What do you mean the market? You mean knowing what keys issues sell for it what grade, how much and what demand it has?
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About your passion question: There's no easy answer about when or how to find your passion, but I can guarantee you won't find it by playing video games or scouring the internet for flipping comics when you don't have the requisite skills.
Having financial stability will put you in a better position to discover and pursue your passions. (*note that it may not be your actual job that you are passionate about). Some people like their jobs and are truly passionate about manatee mating habits or Manitoba tax codes, but most people just work as lawyers, doctors, soldiers, janitors, cooks, small business owners to pay for the things they really have passion for, whether it be photography, travel, family, dating supermodels, cars, comics, sports, board games, woodworking, hunting, etc. And those passions can change, and you can have more than one at a time.
And regardless of what your passions may end up being, your life and passions will benefit from you being more educated, more well read, more healthy and fit, more organized, with better business and financial sense than you have now. There's no downside to you becoming a smarter, healthier, more responsible, more professionally and financially solid person.
Gabe seems to believe that jobs should be fun. And if they aren't fun then he has no interest.
I want to have a career I enjoy not dread if I'm going to be doing it for a long time
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About your passion question: There's no easy answer about when or how to find your passion, but I can guarantee you won't find it by playing video games or scouring the internet for flipping comics when you don't have the requisite skills.
Having financial stability will put you in a better position to discover and pursue your passions. (*note that it may not be your actual job that you are passionate about). Some people like their jobs and are truly passionate about manatee mating habits or Manitoba tax codes, but most people just work as lawyers, doctors, soldiers, janitors, cooks, small business owners to pay for the things they really have passion for, whether it be photography, travel, family, dating supermodels, cars, comics, sports, board games, woodworking, hunting, etc. And those passions can change, and you can have more than one at a time.
And regardless of what your passions may end up being, your life and passions will benefit from you being more educated, more well read, more healthy and fit, more organized, with better business and financial sense than you have now. There's no downside to you becoming a smarter, healthier, more responsible, more professionally and financially solid person.
That's almost close to being perfect then and I agree learning and improving on those things won't hurt me but I don't know what I want and I've done lots of tests with my career guide. As for a career I want to do something I enjoy and pays well which I know isn't a easy thing to find. My friends have all pretty much found what they want with life or are in a position similar to mine.
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with the comic things I want to prove to those that don't believe I can get out of debt in comics and stay in the red forever.
Why?
Two reasons
1) To prove it to myself that I can do it
2) All my life I would give up and quit when things got hard and comics is something I'm sticking with
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Getting a handle on your emotions and impulses is not suddenly going to upgrade your business acumen.
This is not going to change your inability to barely grasp anything but the simplest aspects of flipping
This is not going to change how it appears you need your hand held virtually every step of the way.
This is not going to change how you ignore most of the good advice given you.
And it's not going to change the fact that you're just plain bad at this.
It won't upgrade my business acumen but I think you're missing the point, the majority of my losses are from my emotions and once I get a handle on it I will be in the green or very close to it that I can promise you and since you like examples I'll give you some
I wouldn't have bought or overpaid for GSX 1 $355
JLA # 1 NG $210
Bat 4 $223
Betty and Veronica 320 $470
Infinity gauntlet's 9.8 x5 and 9.6 x2 $985.60
X-men 266 9.6 graded $337.50
ASM 129 CGC 8.0 $966
Total money saved $3324.10
So when you tell me my control of emotions won't help things I have to say I disagree
I'm missing the point? Seriously?
Yes because you're not taking into account how much of a impact my emotions really have so I gave some example and since you were talking about time and money that would have been almost a 30% roi so 10% a year which is what stock investor usually aim for if not more.
Yes I have. Your emotions don't make you have a bad memory or make you lazy or make you discard expert advice.
But I'm missing the point
Maybe I'm missing it then but I'm just saying that emotions play a big part in what the result over three years has been and I do realize I have multiple issues to deal with.
Clearly you want to buy and sell comics despite an almost unanimous chorus of 'don't do it' from well meaning boardies, and a determined history of issues and mistakes.
So I say do it. Keep a strong grip on your emotions, check your prices and read auction text carefully. Do your best to make good decisions and smart purchases. Borrow money, use your credit card, buy the best books you can, hell make a ton of money and some day buy and sell that million dollar comic.
I appreciate that and I know you don't approve of what or what I'm doing that but it was genuine advice.
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
Any idea how much the rest of your books (inventory) will sell for based on previous sales?
About 500-750
Wait, nobody else picked up on the fact that by his own accounting he has $1,448 in inventory that he expects to sell for between $500-750?
I thought he said he has a bunch of $1 books that he was unable to sell. I'm assuming he way over paid of a batch of whole sale $20 a long box type of books and will take a hit when selling. If he has proven he can lose money time after time on key books which should be steady profits if bought correctly I can see how he would lose 50% on harder to gauge low price books.
That's what I'm talking about. No amount of keeping his emotions in check is going to help him with his biggest problem when it comes to flipping comics. He's bad at it.
Then what do you think made me buy it in the first place?
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Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
Any idea how much the rest of your books (inventory) will sell for based on previous sales?
About 500-750
Wait, nobody else picked up on the fact that by his own accounting he has $1,448 in inventory that he expects to sell for between $500-750?
I thought he said he has a bunch of $1 books that he was unable to sell. I'm assuming he way over paid of a batch of whole sale $20 a long box type of books and will take a hit when selling. If he has proven he can lose money time after time on key books which should be steady profits if bought correctly I can see how he would lose 50% on harder to gauge low price books.
That's correct that shortbox of comics is something I overpaid for
-
Wait, nobody else picked up on the fact that by his own accounting he has $1,448 in inventory that he expects to sell for between $500-750?
I'm still trying to figure out why he's using a different accounting for his little books than he is for his big books.
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
What are all the colored figures in the Little Books section for?
Nevermind.
I'm not sure why the others are colored but the red is for losses and the green is profit
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
Any idea how much the rest of your books (inventory) will sell for based on previous sales?
About 500-750
Wait, nobody else picked up on the fact that by his own accounting he has $1,448 in inventory that he expects to sell for between $500-750?
Who can keep track of it with his odd style of book keeping. Little books, big books...books that end in the letter Y.
Little books are anything 350 and under, Big Books are anything 350 and up
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
The inventory is not how much I paid for it that's already calculated in how much I bought everything for and everything is starting to finally move forward.
Any idea how much the rest of your books (inventory) will sell for based on previous sales?
About 500-750
Wait, nobody else picked up on the fact that by his own accounting he has $1,448 in inventory that he expects to sell for between $500-750?
Because the 500-750 is conservative and I haven't gone over my inventory completely I just update my buys, sales and losses
-
Getting a handle on your emotions and impulses is not suddenly going to upgrade your business acumen.
This is not going to change your inability to barely grasp anything but the simplest aspects of flipping
This is not going to change how it appears you need your hand held virtually every step of the way.
This is not going to change how you ignore most of the good advice given you.
And it's not going to change the fact that you're just plain bad at this.
It won't upgrade my business acumen but I think you're missing the point, the majority of my losses are from my emotions and once I get a handle on it I will be in the green or very close to it that I can promise you and since you like examples I'll give you some
I wouldn't have bought or overpaid for GSX 1 $355
JLA # 1 NG $210
Bat 4 $223
Betty and Veronica 320 $470
Infinity gauntlet's 9.8 x5 and 9.6 x2 $985.60
X-men 266 9.6 graded $337.50
ASM 129 CGC 8.0 $966
Total money saved $3324.10
So when you tell me my control of emotions won't help things I have to say I disagree
Don't try buy and sell until you can CONTROL yourself and have your personal "in order"
It's unorthodox I know but this will help me and I rather get a problem under control before I move out on my own.
-
How does a guy, who was previously on government assistance, still live at home and only works 20 or so hours at a minimum wage job even afford, much less have the nerve to spend $11,000 + on comic books?
Something is seriously rotten about that.
Gabe, think of work (as in a job) as profit. How much "profit" would you have, say if you had been working 40 hours a week at a minimum wage job instead of your current 20 hours and not "dealing" in comics? What if you put in that time "dealing" to actually got yourself another 20 hours per week?
I GUARANTEE you would be MUCH further ahead in life.
Let's look at it shall we? These won't be exact but will give you an indication of how much further ahead you really could be if you actually, you know, WORKED an extra 20 hours per week on top of your current measly 20 hours per week.
20 hours per week x 11.25 pay per hour (yes it has not always been $11.25 but let's just use that figure as it was that for the past year and will be moving up to $11.40 on October 1st) = $225 per week. $225 per week x 52 Weeks = $11,700 per year.
$11,700 income x 3 Years = $35,100.00!!!!!!!!!!!!!!!!!!
By working three years at an extra 20 hours per week, you would have netted yourself an extra $35,100 (again, not accounting for taxes, missed/sick days, etc., etc., etc.) How does that "stack up" for you? How does an extra $30,000 grand or so measure up against negative $600 or whatever you are at for "dealing" in comics? Even if it was only HALF that amount you would still be LIGHT YEARS ahead of where you are now.
Look at those numbers. Is ANYTHING sinking in?
The numbers sink in but I'm not doing this for a living right now it's something I'm doing on the side, also I'm working with my career guide or whatever he is and it's not working out yet.
-
He has stated repeatedly that he doesn't even groom himself. The comic mess ups are the least of his problems.
Getting better with that
-
Inventory Update
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
Loss $624.39
Not yet sold: 27
Comics Lost on: 28
Big Comics VS Little Comics Comparison
Little Books
Bought $2455.12+247.01+699.53=$3401.68
Sold $4007.43+1679.24=$5686.67
Losses $1079.43+637.19= $1716.62
Profit $568.37
Big Books
Bought $5329.03
Sold $2340
Losses $2989.03
Dear God - your basic book keeping skills are heart breaking. Please explain your math on the little books section. $3,401.68 bought and $5,686.67 sold but you had $1,716.62 in loss but $568.37 in profits???
This is what really matters:
Total Comics Bought $11,048.55
Total Comics sold $10,424.16
Inventory $1448
If your numbers are correct then it looks like you will be up $823.61 when you sell the rest of your inventory. This is assuming your sold number has subtracted fees and all cost to sell the books.
I'm assuming the inventory number is what he paid for it...who knows what it'll actually sell for.
I think most reasonable people would come to the conclusion that after 3 years and being in the red, that it might not be the best business for them.
But even if he gets half he will still be up compared the loss he keeps talking about. But I do agree being up a couple hundred dollars after 3 years and $11,000 in sold books is so low I'd have not thought possible.
I forgot to agree that his book keeping is odd to say the least. If everything works out for him ( and it's safe to say it won't ) he'll have invested 11K to make around $800, not to mention the time invested. I'm no investment guru, but that doesn't seem awesome to me.
No it's no and I've made a lot of mistakes but I am moving forward that's what matters.
I think your definition of moving forward and mine are slightly different.
Yes and no. I'm looking this from a physiological standpoint while you're focusing on time, money and energy spent, maybe it's because you're not me and I know much if affects what I've been doing but trust me there will be a difference when I get a handle on emotions and impulses.
Wouldn't it make more sense to get a handle on emotions, impulses, and other life situations FIRST? So you don't lose money at the same time? And if that does not make sense to you, do you think you're exhibiting symptoms of an addict? And if you are exhibiting symptoms of an addict, shouldn't you seek treatment for that?
Its like those football players (NFL) who keep getting busted for weed use. Yes, plenty of people use marijuana frequently for fun and therapy, and have no problems with it. Many don't get addicted, they function normally, no big deal. But when YOU KNOW you'll lose money and your job if it don't stop and it starts costing you $$ (them millions, you much less) and you STILL won't stop, you're addicted (or insane).
And for someone who already has mental, learning, and emotional problems, with few financial prospects for the future, little education, no financial resources, ANY type of addiction can CRIPPLE you, especially one that can cost you money that you cannot afford to lose. And yes I get that you want to believe that you can control it, that you just need a few big scores to break even, maybe that you can stop whenever you want, you just choose not to. But those are all common things an addict says. Or maybe you think that it's not THAT harmful, nobody else gets hurt but you. Which might be true. And if you accept that, than fine. But if you truly want to improve your lot in life AND get better at dealing comics, you'd be better served improving literally (not figuratively) EVERY OTHER PART OF YOUR LIFE FIRST. Nothing else will change your station, not a few lucky comics scores, not an American election, not your boss offering you 5 more hours a week of work, not meeting the woman (or man) of your dreams, nothing.
You have to want a better life and a you must work five times more than the next guy, which may or may not be fair. But while you're pondering the fairness of the situation or using your limited skills and money to 'gamble' on comics, the guy next to you is studying, doing pushups, and working hard.
How many successful dealers have you talked to find out how they started? Does that even matter to you? Should it? Why or why not?
What work have you done on yourself to make yourself more hirable for a comic book store or dealer? Gotten in better shape? Practiced your sorting speed and skill? Become knowledgeable about comics that might be popular? Can you make and defend recommendations of things to buy or read? Practiced your data entry skills? Studied the price guide? Learned about the key issues for all the major characters? Are you very comfortable with customer service? If someone came in with a short box of bronze or copper comics, how long would it take you to assign a value to the box, what steps would you take?
Howabout running a small business in general? Have you improved your math, business, or excel skills? Can you do profit/loss analysis in your head? Have you improved your memory? Organization skills? Are you detail oriented?
NOTE that not everyone does any or all of these things, but they also don't want what you want (or at least claim to want, sounds like you just want to win lottery after lottery after lottery without putting in the work).
I'll answer this later
let your actions answer it. You don't owe any of us anything, not answers, not improvement, not updates, and certainly not excuses. You have to want it for yourself and do it for yourself.
This feels like a bizarro Good Will Hunting. Nobody here comes back hoping to read that you've bought and sold a million dollar comic, or even a $5K or $1K comic. We hope that one day you post that you're going back to school or have some type of professional apprenticeship, and you start posting less and less over time, to where you don't post at all for a long time. And you come back a year or two later and post that you're about to graduate whatever vocational school you attended, you've got a part time job at a comic store, and you've gotta real entry level job lined up post-graduation that at the very least gives you a chance at a future.
Comics should be fun, they shouldn't be your downfall. And if there's any chance of that (as there is with you), you gotta get out man.
But as stated before, it doesn't matter what everyone else wants for you, only what you truly deep down want for yourself.
Great advice that will fall on deaf ears or possibly paid lip service to.
He doesn't have to change because he lives the life of a high school kid. He's not in a position where one of his screw ups will cause him to not have a roof over his head or wonder where his next meal will come from.
What other rational adult would continue with his comic flipping "business" after showing a loss over 3 years.
You're right I have a roof over my head but I don't comics take up so much of my money that I would lose that and it has been three years but I'm only just now working on my emotions so it will yield results.
My road to success (Moving Update 2)
in CGC Journals (old format)
Posted
Because I've never had my mistakes pointed out to me like this and I've got a budget to.