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I used to buy and collect comic books when I was a student, believing the shopkeeper that they make good investments.
See?
Another example of AK's foolishness as a youth.
After a year or so, my collection filled up two small boxes.
Till today, I still have no idea how much they might be worth or how to dispose of them for a profit.
They could be worth next to nothing and the only value they could have is one of entertainment whenever I take them out for a browse.
An exotic "investment" indeed.
Of course, it is not as exotic as investing in fine vintage wines, for example.
That is big money and I have read horror stories of people losing large sums of money in wine investments.
Anyway, I digress but if you should be interested, here is a story I read before:
"...historically fraudsters have capitalised on people's ignorance of the wine market to offer substandard products or – because of the delay between ordering and delivery – simply taken money without securing the product in return."
Source: Investors lose millions in fine wine schemes.
One of the things I have been doing more is visiting the public library near my parents' home.
I really like the comics section although it is rather small.
Although the selection is more limited and the comics are not "fresh", I have been out of touch for more than two decades and whatever is available is fresh enough for me.
Here is a pic of a comic book I borrowed recently:
In it, the wizard, Alben, said:
"Nothing really belongs to us... Things come and go... Just like life itself which lasts a mere moment, disappears and is born again..."
Being more inclined towards Buddhism, this resonates with me.
Reminding ourselves that nothing is permanent, we will love people who love us more while becoming more detached to everything else.
Being more conscious of impermanence could improve our mental health.
Learn not to be too affected by the price movements in the stock market, for example. (wink)
Related posts:
1. Three point turn.
2. Counting our blessings.
3. Be comfortable with being invested.
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7 comments:
er, at least those investors can drink their investment and shallow their pride.
this reminds me of the "hot" investment topic of Aussie ostrich eggs/birds/farms in the mid-late 90s..... I don't know what happened to the $$$ later, when those eggs or the birds "died".
Hi AK
Marco Polo entry? Let say for long term?
Regards
Tom
Hi SnOOpy168,
Hard to drink phantom wine if the story is to be believed. ;p
Hi Tom,
What is "long term"? 3 years? 5 years? Tricky, isn't it?
If you believe that Marco Polo Marine's stock is worth much more 3 years from now, then, you could buy some now, couldn't you? ;)
Hi AK
Thanks
Hi Tom,
Hey, you are welcome. ;)
I always believe in hedging. There is a possibility of a retracement to 37c but 40c could develop to become a strong support.
We can have an "all or nothing" attitude when dealing with Mr. Market, of course. However, we must also be willing to accept "all or nothing" in return. :)
Reader said...
I rent instead of buy my home. I believe that most people will view renting as a waste of money. I used to have such opinion but I realized that there are still many costs that come with home ownership. I use passive income from investing in stocks to pay the rent. The dividends from investing pay the monthly rent. Renting has many advantages.
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AK said...
Many people would not feel secure unless they own their homes.
You have achieved financial nirvana.
Your mind is enjoying a state of ZEN and it is something precious. :)
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