uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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. Link to comment Share on other sites More sharing options...
revat Posted October 3, 2016 Share Posted October 3, 2016 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. Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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 Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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 Link to comment Share on other sites More sharing options...
Ryan. Posted October 3, 2016 Share Posted October 3, 2016 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. Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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 Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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 Link to comment Share on other sites More sharing options...
revat Posted October 3, 2016 Share Posted October 3, 2016 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? seriously. Will it help you get a better job or make you better at your current job? Will it get rid of your learning disability? Will it make you stronger, fitter, better at math? Because those should literally be the only things that matter in your life, other than taking care of family. It sounds a lot like you've constructed this false narrative of 'proving yourself' as an excuse to keep behaving the same way. Its cute to think you're special, and you might be. But your situation isn't. Its how addicts spiral to the bottom. The existing comics you have can all just be posted on ebay permanently with reasonable BIN's and then you don't have to do anything else comic-related other than ship them out when someone pays you. Very little maintenance, better scam protection, and leaves you plenty of time to actually improve REAL things in your life. Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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? Link to comment Share on other sites More sharing options...
Batman1fan Posted October 3, 2016 Share Posted October 3, 2016 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. the more issues you have, the more important it is to plan out your day, so you are ALWAYS doing something productive. Otherwise stuff simply will not get done. Start with that, and stick to it. Even if you need video game time, pencil that in too. BUT stick to the schedule. People have told you this before (I might have). If you don't know where to start, START WITH THIS. I know writing lists get things done much faster because it pay attention to what's on it How about learning how to write a coherent sentence? Link to comment Share on other sites More sharing options...
Logan510 Posted October 3, 2016 Share Posted October 3, 2016 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? Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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. Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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 Link to comment Share on other sites More sharing options...
thehumantorch Posted October 3, 2016 Share Posted October 3, 2016 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. Link to comment Share on other sites More sharing options...
Wall-Crawler Posted October 3, 2016 Share Posted October 3, 2016 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. Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 (edited) 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. Edited October 3, 2016 by uchiha101 Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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 Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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? Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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. Link to comment Share on other sites More sharing options...
uchiha101 Posted October 3, 2016 Author Share Posted October 3, 2016 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. Link to comment Share on other sites More sharing options...
