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.
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