Bad Economy? Invest In Comic Books

by Jeff

Mark Haspel recommends comic books as a sound investment in these troubled times.

F72F3519-E5F4-4C96-B316-F3BED5478C32 Bad Economy?  Invest In Comic Booksclipped from online.wsj.com

Mark Craddock, manager of Comic Book World, in Florence, Ky., says stock-market investors also are turning to superheroes. “There’s kind of a buying frenzy” in vintage comic books, he says.

The “Silver Age Comic Book Pricing Index” of 32 frequently traded ’60s comics, was up 14.2% in the 18 months ending in July, while the Standard & Poor’s 500 stock index was down 11% in the same period. Mark Haspel, president of Certified Guaranty Co. in Sarasota, Fla., which grades comic books, often for investors, says it’s on track to handle 200,000 books this year, up from 150,000 in 2007.

“Spiderman is going to be here in 20 years — he’s not going away,” Mr. Haspel says.

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