Investors are buying stock in old comics and Pokemon cards

Discussion in 'Wall St. News' started by dealmaker, Aug 29, 2019.

  1. dealmaker

    dealmaker

    Investors are buying stock in old comics and Pokemon cards
    Most of us probably know a 11-year-old who blew their whole allowance on a pack of Pokemon cards back in the day… but blowing stacks of cash on Pokemon cards isn’t just for pre-teens anymore.

    In recent years, fractional investment -- which enables numerous investors to buy a stake in the same asset -- has become more popular.

    Several startups offer marketplaces that allow people to invest a few bucks in partial ownership of everything from Star Wars collectibles to sneakers.

    Alternative asset marketplaces are growing fast
    Last week, one startup called Mythic Markets raised $2m to expand its marketplace for rare collectibles (for just $45, investors can purchase a piece of a Magic: The Gathering card that’s worth $90k).

    But Mythic Markets is just one of several startups specializing in fractional ownership of collectibles.

    A startup called Otis offers investments in museums, albums, sneakers, and comic books starting at just $25, and other startups offer fractional ownership of everything from cars to homes.

    So, are these investments as risky as they seem?
    Actually, no: Mythic Markets, Otis, and most fractional investment startups only offer securities that are backed by the SEC -- and the SEC backs comic books, sci-fi trinkets, and even e-sports teams.

    If you’re wondering where in the name of Charizard fractional investing came from: It all started with vacation-style timeshares...

    Maybe you and your Uncle Jerry are pretty similar, after all.
     
    zdreg and Nobert like this.