The Less Blob Posted January 7, 2020 Share Posted January 7, 2020 1 hour ago, Wolverinex said: Sadly, now you know that the moment you put it in, the market will crash Probably. ADAMANTIUM 1 Link to comment Share on other sites More sharing options...
MGsimba77 Posted January 7, 2020 Share Posted January 7, 2020 3 hours ago, the blob said: Just remembering this thread and how I mostly got out of the stock market in September 2018 thinking we'd be in for a 30-50% crash. I know we were down at the end of 2018, but I kept on waiting thinking all the madness in Washington would surely tank the market, at which time I would get back in. Meanwhile I lost the opportunity to pick up about 30% on my 401K in 2019. Not going to say how much $ that would have been, but let's say I am depressed. Probably sets my retirement planning back 2-3 years, possibly worse. At the risk of crossing the dreaded political line - The mistake people will continue to make until the end of time is believing political "theater" will negatively affect economic performance. The two are almost completely divorced from one another. Only in the very very rare event of a leadership shakeup like in '74 could be an exception. But that outcome requires certain political circumstances (that I can't get into here) which don't currently exist. So that being the case what you're left with is a whole lot of theater. That being said the economic lesson of 2006 should never fade but inevitably human nature will allow it to. The same pitfalls are as present today as were then. Maybe worse. Any investment decision I make has very little to do with Washington. Has everything to do with cautious assessments of both the stock itself along with macro economic factors positive AND negative. Just my view but I never get too exuberant (get all in) or too gloomy (sell everything no matter what). Slow diversified and steady wins the race This is why I like comics more than stocks. When emotional attachment is involved I think it can serve as a hedge against economic perils. On 9/21/2018 at 4:12 PM, delekkerste said: my one CGC 9.6 copy that I picked up probably around 2002 or 2003 (I paid $3K...it hasn't even doubled in price since then, has it?) Yes Link to comment Share on other sites More sharing options...
lou_fine Posted January 8, 2020 Share Posted January 8, 2020 5 hours ago, MGsimba77 said: On 9/21/2018 at 1:12 PM, delekkerste said: my one CGC 9.6 copy that I picked up probably around 2002 or 2003 (I paid $3K...it hasn't even doubled in price since then, has it?) Yes Yes, it has or Yes, it hasn't? Link to comment Share on other sites More sharing options...
MGsimba77 Posted January 8, 2020 Share Posted January 8, 2020 1 minute ago, lou_fine said: Yes, it has or Yes, it hasn't? Yes it has lou_fine 1 Link to comment Share on other sites More sharing options...
90sChild Posted January 8, 2020 Share Posted January 8, 2020 (edited) 9 hours ago, the blob said: Just remembering this thread and how I mostly got out of the stock market in September 2018 thinking we'd be in for a 30-50% crash. I know we were down at the end of 2018, but I kept on waiting thinking all the madness in Washington would surely tank the market, at which time I would get back in. Meanwhile I lost the opportunity to pick up about 30% on my 401K in 2019. Not going to say how much $ that would have been, but let's say I am depressed. Probably sets my retirement planning back 2-3 years, possibly worse. The only thing you should take away from the experience is 1. Don't listen to internet experts and make decisions about things you read or hear from any one particular person and 2. Nobody knows what the future holds except the few 1% that manipulate the markets As a funny aside to the 'investing in GSX1' topic above someone bought a CGC 9.6 , there is an average sale price for that today of $6,750. I bought a 9.4 copy only two years ago and it also has doubled in that time period. Like the stock market example above, it's less about how long you hold and more about when you entered the market. Those who bought in with their GSX1 right before the disney/x-men merger announcement bought at the perfect time. Edited January 8, 2020 by 90sChild Link to comment Share on other sites More sharing options...
MGsimba77 Posted January 8, 2020 Share Posted January 8, 2020 15 minutes ago, lou_fine said: Yes, it has or Yes, it hasn't? Just to give you a better idea where it stands. A few of the recent sales have been 7k or above lou_fine 1 Link to comment Share on other sites More sharing options...
lou_fine Posted January 8, 2020 Share Posted January 8, 2020 Well, it looks like Gene was correct that it hadn't yet doubled since he made his comment back in 2018 when the average realized price was only at $4,838. Looks like most of the action to take the prices up to and past the $6K target took place in 2019 due probably to Disney reacquiring back the movie rights for X-Men. MGsimba77 1 Link to comment Share on other sites More sharing options...
WolverineX Posted January 8, 2020 Share Posted January 8, 2020 6 hours ago, MGsimba77 said: At the risk of crossing the dreaded political line - The mistake people will continue to make until the end of time is believing political "theater" will negatively affect economic performance. The two are almost completely divorced from one another. Only in the very very rare event of a leadership shakeup like in '74 could be an exception. But that outcome requires certain political circumstances (that I can't get into here) which don't currently exist. So that being the case what you're left with is a whole lot of theater. That being said the economic lesson of 2006 should never fade but inevitably human nature will allow it to. The same pitfalls are as present today as were then. Maybe worse. Any investment decision I make has very little to do with Washington. Has everything to do with cautious assessments of both the stock itself along with macro economic factors positive AND negative. Just my view but I never get too exuberant (get all in) or too gloomy (sell everything no matter what). Slow diversified and steady wins the race This is why I like comics more than stocks. When emotional attachment is involved I think it can serve as a hedge against economic perils. Yes Politics definitely affects the economy. I guarantee you that with the middle east turmoil overnight, gas will spike tomorrow and the Dow will drop. Link to comment Share on other sites More sharing options...
MGsimba77 Posted January 8, 2020 Share Posted January 8, 2020 (edited) 37 minutes ago, Wolverinex said: Politics definitely affects the economy. I guarantee you that with the middle east turmoil overnight, gas will spike tomorrow and the Dow will drop. I meant that in terms of Washington political squabbling not geopolitical turmoil that can impact markets. When's the last time a Washington political dispute really hurt the market or the economy? Dow takes a dive one day then a certain someone winks at China and presto!... Back to the surge. By no means am I saying that makes sense just that it's been the pattern. Market gyrations over middle east problems are short lived. Btw, the market does not = the economy imo. Anyway I hope GSXM continues heading north! Edited January 8, 2020 by MGsimba77 Link to comment Share on other sites More sharing options...
mattn792 Posted January 8, 2020 Share Posted January 8, 2020 11 hours ago, Wolverinex said: Politics definitely affects the economy. I guarantee you that with the middle east turmoil overnight, gas will spike tomorrow and the Dow will drop. Hopefully you aren't a broker... Link to comment Share on other sites More sharing options...
WolverineX Posted January 8, 2020 Share Posted January 8, 2020 1 hour ago, mattn792 said: Hopefully you aren't a broker... Touche. Good old Trump backing away from more conflict with Iran. Regardless, the market is affected by his constant tweets. Link to comment Share on other sites More sharing options...
Aweandlorder Posted January 8, 2020 Share Posted January 8, 2020 Timing the market is everything, with everything. you can never get it 100% but you’ll get it 60-80% of the time if you have basic economy knowledge, knowledge of the product you buy, patience, and confidence mattn792 1 Link to comment Share on other sites More sharing options...
The Less Blob Posted January 9, 2020 Share Posted January 9, 2020 I was more worried about trade wars, etc. Than the bickering over other stuff. Oh well, live and learn. I should be happy I have $ put away at least. ADAMANTIUM and WolverineX 2 Link to comment Share on other sites More sharing options...
WolverineX Posted January 9, 2020 Share Posted January 9, 2020 4 minutes ago, the blob said: I was more worried about trade wars, etc. Than the bickering over other stuff. Oh well, live and learn. I should be happy I have $ put away at least. Agreed. Link to comment Share on other sites More sharing options...
Silver_Couch_Surfer Posted January 11, 2020 Share Posted January 11, 2020 I paid 5400 for my 9.6 white early 2019. No rush to sell *yet* Link to comment Share on other sites More sharing options...
musicmeta Posted January 11, 2020 Share Posted January 11, 2020 (edited) I sold my 9.4 many years ago. I got a very good price for it but now I want it back. I'll see about selling some books in order to get a 9.4/9.6 copy sometime this year. Edited January 11, 2020 by musicmeta Link to comment Share on other sites More sharing options...
MGsimba77 Posted January 11, 2020 Share Posted January 11, 2020 Someone got pretty lucky with the last 9.8 sale of ~3k below recent FMV. I think 9.8 maybe 9.6 are low enough consus to be able to absorb a major economic shock without too much damage. Census is 179 & 364 for total unrestored copies currently. The us economy is so huge it can immunize itself from almost any headwind. Two potential threats it cannot withstand is the national debt which just crossed 23 trillion (~70k per citizen) at some point that number will be too much to bear. The debt clock in NYC is going to run out of room on the billboard. Another hazard is the possibility of another Lehman Brothers style bankruptcy circa 2008 triggering another "great recession" or worse! If it triggers a run on the banks it could turn into a depression overnight! At such point I don't even think comics would be immune 😥. I'm not buying these rosy econ numbers for a moment! Imo it's a house of cards. This is why I take the most cautious approach I can when it comes to investing. I'm young enough where I can play the long game which means heavier on commodities (precious metals) lighter on paper. It requires discipline but I think it's a better safer long run strategy ADAMANTIUM 1 Link to comment Share on other sites More sharing options...
Gotham Kid Posted January 11, 2020 Share Posted January 11, 2020 (edited) If you guys don't want this thread to go *poof* I strongly suggest you lay off anything related to politics. Edited January 11, 2020 by Gotham Kid ADAMANTIUM, Larryw7 and badback83 2 1 Link to comment Share on other sites More sharing options...
Buzzetta Posted January 12, 2020 Share Posted January 12, 2020 If only @BITCOINSWAMI was around to advise you in your venture... But what do I know... for all I know he might not be able to offer any sound advice on GSXM1 and just hand out advice on Funko Pops... Nah... that would be silly. Link to comment Share on other sites More sharing options...
mattn792 Posted January 12, 2020 Share Posted January 12, 2020 4 minutes ago, Buzzetta said: If only @BITCOINSWAMI was around to advise you in your venture... But what do I know... for all I know he might not be able to offer any sound advice on GSXM1 and just hand out advice on Funko Pops... Nah... that would be silly. GSX 1 doesn’t feature an appearance by Carnage. Ergo...drek. Link to comment Share on other sites More sharing options...