Friday, February 21, 2003

Vintage comics are more than funny business for investors Looking for an alternative to the sagging stock market, some investors are turning to collectible comic books for a place to park their money. With the stock market giving early warning signs of a fourth straight losing year, some investors are seeking refuge in the arms of the Incredible Hulk, Superman and Captain America. Sellers of collectible comic books say business has never been better ? and they point to the falling stock market as a factor. Nick Post, a partner at the Source Comics & Games, a Falcon Heights business that is one of the biggest sellers of vintage comic books in the Midwest, said sales at the store grew 12 percent last year, driven partly by increasing numbers of what he calls ?mercenaries? ? people who buy old comic books purely for investment purposes. ?Instead of buying commodities futures, they?re buying comics,? he said. ?I think there is a definite correlation to the disaster we call Wall Street.? Indeed, precious metals and collectibles such as rare coins, baseball cards and stamps have long been considered an alternative to investing in traditional stocks and bonds during volatile periods on Wall Street. posted by Jason Kenney Friday, February 21, 2003 - - Post a Comment Comments: