If you sold all ur chit, how much money do you think you'd end up with? How long would it take?

I'm asking because I just invented a mindbelowing concept: (make sure ur sitting down)

Spoiler!

bout $350

Not a lot, there have been points when all of my Earthly possessions fit into a hockey bag for carrying around.

Why not use a bank account instead of carrying around bundles of cash? Or were you a freelance hockey player?

No, I was just living on the road. Definitely did not have bundles of cash lol, but I had a credit union account.

Not much at all. I don't have many belongings. Tv/ps4, furniture, etc

I'd say maybe $3-4k and most of that is in guitars and guns.

Honestly feel like I have too much stuff as it is.

more than I can afford pal

thats funny op, because the value of the dollar has been plummeting, meanwhile the value of material objects continues to go up. this is especially true in the case of property and firearms, which is where most of my money has gone.

Certain firearms can be very profitable investments. Especially pre-sample machine guns.

The point is to take money away from useless chit and put it towards investments.

The vast majority of stuff goes down in value. Some can increase, but usually not that well compared to inflation or alternative investments.

Also, firearms have to be one of the stupidest investments ever. All it takes it one fishing accident.

Less than £150k. The vast majority of that is my house. Other than that it is maybe a 3k car, then househould appliances, tools, technical equiptment etc. I am not counting actual bank balances.

believe me man, i wish i had been around to get in one that. imagine how much money you would have made importing in hundreds of surplus german MP40s in 1970, registering them as NFA machine guns then selling them later.interesting, i dont recall seeing anywhere in your original post that you were talking about selling your meaningless items and spending it on investments.

and this is not a bad investment, especially when biden bans the importation of foreign built rifles



even though the SCAR is built in america its still gone up in value because people love them. but that arsenal is likely to be banned from importation, exactly like saigas were

That would have been the perfect time to be minmaxxed to the maxx. Only those with money and the mobility to travel to Germany would have been able to take advantage of that opportunity. Most people were satisfied with pet rocks and 8-track tapes.min stuff +maxx money= minmaxxingI'm not fond of speculating on anything that has a limited upside, can physically depreciate/requires maintenance, has storage costs, a negative cash flow, high transaction costs, and will be subjected to future legislation.

You're also comparing a situation in 1970, where people in general were not expecting the guns to be collectible. Trading cards, comic books, beanie babies, collectible cars, previous gun bans, etc. have caused people to start speculating on everything. The result is going to be far more people than you thinkinvestingcollecting the same firearms as you.

Lol

You can still buy transferable pre-sample machine guns without special licensing, but getting your tax stamp is not that hard. It only costs $200, which is a fraction of the price of a decent newly made machine gun.

About $1,500 is the starting price for a decent fully auto weapon. The catch is that you must wait 9 months or more, unless of course you are a licensed dealer and plan to sell it. There is also licensing for international arms trading, but it can get pretty expensive.

Pre-sample machine guns have gone up in price by several factors, as the supply is limited to guns that were grandfathered in before 1985. People pay tens of thousands for these, and they are still openly available through auctions. Some have made millions of dollars in trading these guns, but that's not really my business.

I think that dude was just joshin about the fishing accident.

All my chit? Probably 30,000 beyond the house.

Most of it is vehicle. I don't own much and don't want to own a lot.

Not sure what you mean by trading cash or stocks for cash as they are already liquid.

This idgaf about owning material things but I’ve been buying stuff left and right just as a hedge to coming inflation is thinking about buying another job boat rn

bout 3.5m

i bought my car for 30k maybe 4 years ago so whatever that is worth. Not much else

It took less than 4 hours for a Florida man with an AK to post about wanting to buy another boat.

Keeping a collectible as an investment means you need to maintain the condition of the item. Anything that degrades the condition of a collectible, like shooting it, will lower it's value.

You've brought up good points that all cost time. Without scaling up to be a dealer, the cost of time will eat away at any return. A tax stamp might not be hard to get, but how much time will it take to do it the first time?I wouldn't include liquid assets. I also think it makes sense to break out vehicles/property.

The majority of what I'm wanting to sell are basically collectibles, a few tools, and some higher end stuff I knew I could sell for close to the purchase price. IMO, being a stuffcel sucks.I think it would depend on the type of boat you want to buy. I'd worry about similar market conditions to RVs. Everyone sat around during lockdown thinking of fun things they'd rather do, like buying an RV or a boat.

A big chunk of the RV people are going to hate it and look to dump their RV for a huge loss in the next 3-5 years. My thoughts are that first time buyers will not realize how large maintenance and ownership costs will be.

So, excluding vehicles. Probably 5000 in true resale value.

Hopefully not much. I have some dumb chit I never use sitting around that I should be selling RN, but too lazy.

Need to fire up craigslist and start dumping.