Buying Used

heronfish said:
We will just agree to disagree.
I have bought and sold enough guns, including some that were worth a fair penny new, to know most guns will collapse in value. I would never advise anyone to buy a gun hoping it increases in value. Put that money into your rrsp and a mutual fund and you will be far further ahead in 20 years with less risk.
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Can you fix this for me then :( My guns never did that Maybe I should have put my money in a credit union LOL in a saving account for that 20 year no risk
Nortel's stock price plunged from C$124 to C$0.47. My emera just took a hard hit in feb which shocked me
Cheers
 
3macs1 said:
Can you fix this for me then :( My guns never did that Maybe I should have put my money in a credit union LOL in a saving account for that 20 year no risk
Nortel's stock price plunged from C$124 to C$0.47. My emera just took a hard hit in feb which shocked me
Cheers
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There is far more risk in fire, rust, flood, theft, misuse and mistake than a conservative stock portfolio.

I've never heard stories of guys tripping over a rock and turning a mutual fund into a loss. But plenty of men have tripped, broke stocks and turned expensive guns into losses.
 
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My rate of return on my gun investments is far greater then my rate of return on my investment portfolio....and not only was my gun portfolio less risky, it was much more fun buying and selling.

My investment portfolio continues to do what it does, which is fine....but its pretty boring. Nowadays I’ve been getting my excitement from brick and mortar investments.....but again, there must be a reason gun rhymes with fun.

Must classic car investments are doing well, but its not really an investment when i dont plan on selling anything. I look forward to getting back into the gun side of investing very shortly
 
1963beretta said:
My rate of return on my gun investments is far greater then my rate of return on my investment portfolio....and not only was my gun portfolio less risky, it was much more fun buying and selling.

My investment portfolio continues to do what it does, which is fine....but its pretty boring. Nowadays I’ve been getting my excitement from brick and mortar investments.....but again, there must be a reason gun rhymes with fun.

Must classic car investments are doing well, but its not really an investment when i dont plan on selling anything. I look forward to getting back into the gun side of investing very shortly
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Well said. I have experienced the same
Cheers
 
heronfish said:
There is far more risk in fire, rust, flood, theft, misuse and mistake than a conservative stock portfolio.

I've never heard stories of guys tripping over a rock and turning a mutual fund into a loss. But plenty of men have tripped, broke stocks and turned expensive guns into losses.
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I must be lucky I guess on the rest you list above . Wake up and in one week 6 figures is gone that took 20 years to build I guess I picked the wrong stocks
You retired now on your conservative stock portfolio or are you on the usual freedom 85 plan I see with them now.
Cheers
 
A well diversified investment portfolio is a must in everyones life....but anyone looking for consistent returns of 10%+ is also exposing themselves to undue risk. The long term difference of a conservative portfolio generating 3-5% annually and an advanced aggressive portfolio generating 8-10% annually is astronomical. But the risk associated with either investment is also astronomical. My average rate of return on my investments is often north of 10% but my average rate of return on my gun hobby is north of 25%. That kind of rate of return is not sustainable in the investment world...especially without the risk of losing more then you start with.

Thats been my own personal experience....which happens to include 18 years of being in the wealth management business.

I always joke about having been investing in a tax free savings account long before the TFSA was introduced. People just didnt know that I was referring to my firearms hobby
 
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My hobbies are all money losers and I don't see that changing anytime soon. But that is why they are hobbies. If I sell a gun and make a few bucks, well, that will pay for a few boxes of shells or the never ending mountain of gear one needs.

I am on the freedom 55 plan. 55 more years to go....... :wave:
 
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I would love for you to share your secrets.
At 5 per cent compounding on a ten year term, a 1000 investment is worth 1600 at the conclusion. There are few firearms that can do that, especially as they see use.
 
It shall be noted that I did quite well buying and selling firearms as a hobby. But that involved constant buying at a bargain rate and reselling at market value.
I didn't put them in a dark room and open the door decades later expecting gold bars.
 
heronfish said:
I would love for you to share your secrets.
At 5 per cent compounding on a ten year term, a 1000 investment is worth 1600 at the conclusion. There are few firearms that can do that, especially as they see use.
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Firearms are not compounding investment instruments. Its about buying right, buying low and selling quick. Be ready to jump on a deal and never buy at a price you cant see yourself at least breaking even at. If I ever buy a gun to keep long term...chances are Im keeping it...so it doesnt have investment value to me. If I buy a gun knowing its not a keeper, then it has to be purchased at the right price

As for your compounding example, in a firearms transaction, I would pay a $1600 gun $1000 all day long. No need to wait 10 years for compound growth. This example has happened on at least 4 occasions....give or take a couple hundred bucks up or down. There are gems to be found here or there
 
1963beretta said:
Firearms are not compounding investment instruments. Its about buying right, buying low and selling quick. Be ready to jump on a deal and never buy at a price you cant see yourself at least breaking even at. If I ever buy a gun to keep long term...chances are Im keeping it...so it doesnt have investment value to me. If I buy a gun knowing its not a keeper, then it has to be purchased at the right price

As for your compounding example, in a firearms transaction, I would pay a $1600 gun $1000 all day long. No need to wait 10 years for compound growth. This example has happened on at least 4 occasions....give or take a couple hundred bucks up or down. There are gems to be found here or there
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I agree completely. But that wasn't the example given originally where a gun was purchased decades prior and left to appreciate.
There is a lot of money to be made buying and selling anything with demand. I wouldn't consider that an investment.
 
heronfish said:
I agree completely. But that wasn't the example given originally where a gun was purchased decades prior and left to appreciate.
There is a lot of money to be made buying and selling anything with demand. I wouldn't consider that an investment.
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And I gave examples model 21's some model 12's etc
 
Also, lets not forget the impact that Mr Receiver General has on the value of investment portfolio’s. Its not just about what you make, its about what you keep. CRA has more of an impact than inflation
 
1963beretta said:
I beleive 3macs1 gave a few good examples....a model 12 and a model 21 come to mind
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I don't see what is wrong with a 410 1100 either that I got 750 for and paid nothing for it AT THE TIME
To each their own. Most of the guns I kept a long time were willed to me from my dad's collection so ZERO upfront investment for me
Got screwed on the 13 ducks unlimited shotguns but that is about it

Cheers
 
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For every model 21 I am sure we can each name dozens of working guns that aren't very valuable, even if they once were.

Again take my new 1885 as an example. It is a nice gun. In 30 years its value will not keep up to inflation.
 
heronfish said:
For every model 21 I am sure we can each name dozens of working guns that aren't very valuable, even if they once were.

Again take my new 1885 as an example. It is a nice gun. In 30 years its value will not keep up to inflation.
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Which is why I don't own any LOL
You must be an accountant :)

You cannot upset me today. I was oiling up some old friends yesterday thinking they were on the rebar list and they are going no where now after reading that bill
 
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