Posted by MarkB_MI on January 02, 2019 at 02:53:35 from (174.230.5.44):
In Reply to: Re: Investments 2018 posted by The Famous Grouse on January 01, 2019 at 10:12:36:
> The main problem is that you, as an individual, cannot liquidate guns easily, quickly, or without cost that erodes your value...Then there is the opportunity cost.
Correct. Guns are collectibles, and if you are going to collect, you should do so because you get enjoyment from the things you collect, not with the intention of making money. Which brings up another point: Capital gains on collectibles are taxed at a higher rate than other long-term investments. (And I know everyone here is scrupulous about paying taxes on gun sales.)
> Also, guys who claim to be fans of this strategy almost never seem to sell. They're always looking to time the market and sell at some future mega peak time that they claim they will see coming and sell at the top of the top. Hmmm. If stock investors can never seem to do this, how come we believe gun investers could?
There is an interesting phenomenon called "endowment effect", and it covers pretty much anything a person can own, from personal property like guns and cars to real estate to more abstract property like stocks. Once a person acquires an item, they are reluctant to sell it, even if they can make a profit doing so.
Upload one or more videos to your post. Photo and video filesizes should be less than 5MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Piston Ring Removal and Replacement - by Chris Pratt. Piston Ring Removal and Replacement - Replacing rings is a fairly easy process to stretch the engines usability between major rebuilds and cut down on that blue smoke and high oil consumption. Frequently, replacing only the rings is not advisable because by the time you do the teardown and measurement of the components, the pistons are often beyond the manufacturers specification or something else you find will signify the need for a major rebu
... [Read Article]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
