mattn792

Take

Case dismissed.

Current sales thread in G/S/B...

I’m not too well versed on the history of Eastern, are there legit file covers out on the market?

Hey Roy, I’ll take this fella at 20% off. Thanks!

Aren't these just figments of Dupcak's imagination???? Comic Link :: The Online Vintage Comic Book and Comic Art Auction and Exchange I can't get a decent zoom on the caption or cert number in order to read them.

“Your $50 awfer is offul.”

I’d respond with, “Yes, all offers of $50 are excepted from consideration.” Dude’s brain might melt.

“He looks like the frog.” ’So do you.’

Ropes, pulleys, a car battery, and a length of extension cord...

The euphemisms keep flowing...

Even still, your opposition to fractional share ownership is only personal, not conceptual. There’s nothing wrong with that. Putting Rally aside, the concept of investing in partial shares of certain comics is by no means a dumb idea. It just comes down to implementation. No matter the protestations, an original copy of Action #1 is wholly a commodity, and being able invest in partial ownership of a copy will appeal to comic enthusiasts and regular capitalists alike. But until a reputable platform to do so comes around, it will largely remain a novel idea.

This list should scare anyone thinking of dealing with Rally. This goes far beyond normal investing risk and into the realm of buying into ComicCoin.

Frankly, if someone out there introduced a platform where you could buy and sell collectible shares in real time that was open for business just like the traditional stock market, or heck even operated 24/7, that would quite possibly drive prices into the stratosphere for certain books.

@valiantman - I agree with you that there's no reason the ownership of comics, or other collectibles, can't be fractionalized into shares. RallyRd just doesn't seem like a place I would trust. In addition to my previous gripes, you're stuck with an automatic 90 day post-IPO lockdown, and then you can only trade your shares on one day of any given month. Seems like a great way to get your money trapped. They may be the only game in town (at the moment) if you want to buy shares of certain collectibles, but that doesn't make giving them your money a good idea.

Even with your steadfast defense of RallyRd, you have to admit their lack of transparency on their website is off putting. No substantive list of assets, no history of any assets, just “download our app, trust us!” Are they hiding something? Just lazy? You would think if they want to attract the maximum amount of investors possible, they would lay out the maximum amount of information necessary to do so. “See the app” is a lousy sales pitch.

New wave of comic collectors from Neptune driving market forces...

Sold and closed!

Sale pending via pm

First of all, I believe historical precedent shows that certain types of collectibles, including comics, often outperform during times of strife for the stock market. Recent article on the topic: When the stock market tanks, investors buy collectibles – but which types? (liveauctioneers.com) With that said, I would posit that the stimulus checks have little, if anything, to do with the recent run up in the collectibles market. Too small in amount, and obviously too infrequent in delivery. But if you're looking for a possible government catalyst for money flowing into the market, look toward the current payout of the unemployment system. I've heard more than one person note that they know someone who is making more on unemployment than they were while working prior to COVID, and depending on those recipients' living and financial situation, that could be mean a whole lot more disposable income. And if you want to speculate in a more nefarious direction, its been widely reported that almost anyone who bothered to try, even prison inmates, have successfully scammed the current unemployment system to receive benefits they didn't qualify for. On top of that, Google "fraudulent PPP loans", and you'll see just how badly the SBA was asleep at the wheel when it came to vetting PPP loan applications. How much "bad" money is out there? How much of it flowed into the collectibles market? We'll probably never know, but it could certainly be a not insignificant amount. Last, think of the impact work at home has had on a lot of the still employed's budgets. Transit, child care, morning and afternoon dining -- just some of the normal work expenses that all potentially went to zero. Indoor entertainment closed? More surplus for the household budget. Dining out options all closed? Even more. How many comic collectors saw these benefits to their budget? So no, I wouldn't say that putting $1200 or $1800 or $3200 into a percentage of the American public's pockets over the course of a calendar year was the catalyst for this year's meteoric rise in the comic market. There's far too many more significant factors that likely contributed.

We got us an assumer.

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

But at least their lawns remain pristine In my view, investing in anything comes down to two things -- your own base perspective, and your openness to considering other opinions. Me and Bitcoin are a prime example. When the hype train first started rolling, the narrative was largely dominated by the true believers who wanted us all to jump on board because Bitcoin was going to replace all of the world's "fiat" currencies and usher in some unregulated libertarian utopia. It was utter nonsense, for a plethora of reasons, including that Bitcoin would be just as much a fiat currency as any other asset class that's invented by man. It didn't stop me from gambling on it a little bit through GBTC, but I had no actual faith in its long term viability. Still, as long as the suckers believed in their fancy little string of numbers, I figured I'd try to make a few bucks off of them. Crypto was definitely a hot button topic in the Gold Price thread this year though, and props once again go to @delekkerste for introducing me to a new way of thinking about Bitcoin (and Ethereum, etc's) potential utility in the world -- as a cheaper medium of transfer. Bitcoin's average transaction fee right now is about $12. Say you need to send a seller who you have a good relationship with $20,000 for a book. PayPal will charge the seller a fee, of what, $600+? And that's in the US; international can be even more costly. But using your stateless, outside the traditional financial network Bitcoin to make the transfer? $12 fee. There's obviously a myriad of risks involved and zero guarantee that crypto will ever actually take on that, or any useful role, but at least now in my mind there is a sensible case to be made that crypto can have long term viability as an asset. I'm not remortgaging the house to put all my equity into it, but I'll certainly dabble with more confidence, especially now that you can buy and hold through PayPal rather than using one of those potentially shady exchanges and having to keep track of some digital wallet.