I have been missing these past weeks because I was pondering over this. I enjoy writing articles about comics but I am getting some negative feedback recently so I am reconsidering whether I should just let the blog die.
In the beginning
Let me back track to the beginning of why I started writing about comic investments.
When I got back into comics in 2013, I was trying to pick up where I left off 20 years ago from places such as CGC forums, Blowcards forum etc. Unfortunately, I was so out of touch that I had no idea of what bad advice look like. So, in the first few months in 2013, I went deep into buying lots of Indie #1 such as East of West, Bedlam, Uber, Helheim etc. Not only was I buying multiple copies, I was also getting the 9.8 versions which was pretty costly during that period. I remember the highest I paid was USD$213 for a 9.8 copy of Helheim. Then the Sixth Gun bubble burst and all indie moderns went down with it. The current price of that 9.8? Probably less than USD50 LOL!
Relearning what is comic investing
After losing probably 1-2k, I went back to the drawing board. I understood then the dangers of pump and dump as I was the victim of such tactics and wanted to prevent other newbies from losing money like I did. This is when I started the blog and focus on what I think are fundamentally solid comic issues to invest in. Fortunately, I seem to have this Spidey sense of what issues will gain in prices as most of my picks appreciated in value. That was how I recovered back my money and regain my confidence about comic investment.
While writing the blog, I realise that majority of comic speculation or investment blogs are very non data driven. Most of the time, it is more of a gut feel but stated in a way that feels like it is a fact. I was discontented with such an approach and decided to be more structured, using models such as benchmarking and price trend analysis. After adopting these approaches, I found doing price prediction and spotting undervalue books to be even easier. It was then that I started to gain a fan base as they could judge for themselves how accurate my picks were.
Am I a pump and dump guy?
Due to this growing fan base, I started to run into what I called a self fulfilling prophecy problem. Whenever I posted comic picks, some readers will buy them off ebay, resulting in a tightening of supply and appreciation of prices, thus validating what I have wrote. Of course, it was not my intention to do this but things just happen that way.
In one or two instances, when I saw the price appreciation (such as Young Avengers #1 sketch), I sold 1-2 my copies to recoup the cost because I was honestly surprised by how fast prices rose. Due to this, I have been called out as a pump and dump guy, thus becoming the very thing I hated. In fact, some of my actual friends also questioned why I sold certain books at certain times, which really surprised me.
Investing in silence
Because of this, I am contemplating about not writing on my comic picks anymore. I can easily invest in books that will arise in prices without the need to talk about it. If folks think I need this blog to pump my books before I can sell at a profit, they are seriously mistaken. I was doing well before this blog took off and I can easily do it again without it. For instance, I never blog about my foreign edition purchases but I am making good money doing it. No pumping and dumping needed.
The ability to pick books comes from how observant you can be about future market movement. Investment is not about what you want. It is about knowing in advance what other people will want or even pump. When you know where the crowd is going, you just have to be there before them and enjoy the profits. That is all.
In the end, I have not decided to continue or not. I will write probably one or two more articles because that is what I have promised to others. However, anything beyond that is still up in the air. If you are a reader here, what do you think? Should I stop or continue?