shadroch

It's not a job, it's a hobby and an adventure.

It's not a job, it's a hobby and an adventure.

You are one step closer to being on Permanent Vacation.

Make it up with volume. At a typical show, I 'd wager you could find enough books to make ten lots and come close to doubling your investments. I've been very surprised what some stuff sells for. Churn and Burn. That's what the Donut Empire was built on.

Put together groups of ten and auction them on MCS.

If you only paid 10% capital gains tax on your collection, I'm fairly sure you or your tax guy didn't properly file them.

I suppose there are some fringe collectors who can't get over the fact that they were once incorrectly considered reprints, but most collectors recognize that these are a very small subset of the overall copies printed. If there are 400,000 copies of one type, and 5,000 of another, I think it's a no-brainer which has better potential.

As of today, most " Whitmans" don't sell at much of a premium, if any, to the regular editions but the tide seems to be slowly turning.

Show enough income and you may end up owing medicare taxes of 3% on top of the 28% for a 31% tax shavings. Show low enough income and churn your books annually and your tax rate will be 15% Turn your hobby into a business and the first $25,000 income can be a business deduction, although you want to consult with a paid advisor on how to do that. I don't fully grasp this but you tax situation can vary depending on if you stored the book or displayed it. Ask your tax professionals. Using a tax pro doesn't cost you money. It saves you money.

Why would you want a comic portfolio that resembles a loan/bond portfolio? Why buy anything that you think will hold it's value?

Factor in taxes and inflation and where are you? Any fees involved? Don't get me wrong, if you are going to only invest in one or the other, I'll recommend stocks every time, but why is it an either or?

I like to keep between 75-100 books on sale at MCS. When that number dips into the 60s, I send them another box of thirty or forty books. They do all the work. I box the books, the PO picks them up, MCS lists them, I respond to any offers and I get a check every week. It's dirty work but someone has to do it. Shipping thirty books in a box isn't all that much harder than shipping one, and most weeks i might field a dozen email offers. I'm in training for the laziest man in the country competition and even I find it fairly easy.

Also you need to know your audience. When selling a $100,000 book, you have a pretty small pool of buyers. If you have 100 $1,000 books, the buying pool is much bigger. Have 1000 $100 books and your buying pool is the size of the ocean.

If you enjoy the hunt, sometimes the thrill itself is better than the payoff. I believe you make your money when you buy, not when you sell. Buy smart and you've already won.

If you have those, add in SS and a small comic revenue stream and you'll be golden. you want to have a diverse portfolio, but you also want to have diverse income streams each month. I strongly recommend a minimum of four, five to seven is where I'm at and living is easy.

I'm going to offer different advice. Say you buy a FF1 or other key book and hold it for fifteen years- when you sell it you have a one time income boost. Use that same money to buy fifty above average books and in five years sell a few. Pocket the profit and re-invest your original cost. Repeat every month. Now you have a revenue stream. A couple hundred dollars a month in your pocket and a self-perpetuating income source. You won't get rich, but you won't have to be eating at 5PM to take advantage of the early bird specials either.

April 1941, so before the US entered WW2.

Found this but know nothing about them.

MCS takes 8% for it's auctions.

1) Where will the books be? Are you leaving them with him or working from your house 2) If you have the books, are they insured? 3) I'd charge him a set price per hour for organizing the books, bagging those that need bagging and doing market research for them. 4) When step 3 is done, then decide how to sell them and what you will recieve. It's a lot of work, and very time consuming

It also depends who graded it a 10.0. It's pretty safe to say a CGC in 10.0 would sell for more than a PGX.

It took a bit to dig this out

Three words- Fin Fang Foom.

I don't press books, but I would be very surprised if a press alone gets that to a 2.5. I hope I'm proven wrong.