Author Topic: Alternative Investments  (Read 2945 times)

Castanza

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Alternative Investments
« on: July 07, 2019, 01:04:58 PM »
Curious is anyone on here invests in other types of assets. Artwork, collectible automobiles, guns & ammo, wines, antiques, etc?

What are your views on the markets for said assets?

Why do or don't you invest in these types of assets?

Side: I couldn't find a post regarding the topic, but feel free to point it out if there is one.



Gregmal

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Re: Alternative Investments
« Reply #1 on: July 07, 2019, 01:26:41 PM »
Ill get some more after greater thought but the first that come to mind, and my best performing are vintage baseball/hockey cards.

The Gretzky RC Topps/OPC has been a 10 bagger the past 6-8 years. Check out the 52 Topps Mantle as well. You have many of the qualities of other great investments there especially if you buying graded, which is the only way to go.

These things started as a hobby since I was maybe 5 and of course as I evolved became a way to invest with an edge as well.

Have a discontinued version of the Walther PPK7 James Bond gun as well, but dont have any idea what the market is for something like that. Probably not worth more than a couple grand either.

Spekulatius

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Re: Alternative Investments
« Reply #2 on: July 07, 2019, 01:55:59 PM »
Ill get some more after greater thought but the first that come to mind, and my best performing are vintage baseball/hockey cards.

The Gretzky RC Topps/OPC has been a 10 bagger the past 6-8 years. Check out the 52 Topps Mantle as well. You have many of the qualities of other great investments there especially if you buying graded, which is the only way to go.

These things started as a hobby since I was maybe 5 and of course as I evolved became a way to invest with an edge as well.

Have a discontinued version of the Walther PPK7 James Bond gun as well, but dont have any idea what the market is for something like that. Probably not worth more than a couple grand either.

Is the “James Bond PPK” a special edition? If, not this is pretty mondane pistol , as it was the police service pistol in many states in Germany. Its not even that great of a pistol. No idea, but I don’t think it’s worth more than $500 equivalent in Germany (gun market is small there however, due to strict gun laws).
« Last Edit: July 07, 2019, 03:17:53 PM by Spekulatius »
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Gregmal

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Re: Alternative Investments
« Reply #3 on: July 07, 2019, 02:07:51 PM »
Ill get some more after greater thought but the first that come to mind, and my best performing are vintage baseball/hockey cards.

The Gretzky RC Topps/OPC has been a 10 bagger the past 6-8 years. Check out the 52 Topps Mantle as well. You have many of the qualities of other great investments there especially if you buying graded, which is the only way to go.

These things started as a hobby since I was maybe 5 and of course as I evolved became a way to invest with an edge as well.

Have a discontinued version of the Walther PPK7 James Bond gun as well, but dont have any idea what the market is for something like that. Probably not worth more than a couple grand either.

Is the “James Bond PPK” a special edition? If, not this is pretty mondäne pistol , as it was the police service pistol in many states in Germany. Its not even that great of a pistol. no idea, but I don’t think it’s worth more than $500 equivalent in Germany (gun market is small there however, due to small gun laws).

Always been a Bond fan and bought one maybe a decade ago for about $750 USD. Not as an investment but just cuz. So your figures are probably right. Heard a couple years later the model was discontinued.

Castanza

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Re: Alternative Investments
« Reply #4 on: July 07, 2019, 05:02:27 PM »
Ill get some more after greater thought but the first that come to mind, and my best performing are vintage baseball/hockey cards.

The Gretzky RC Topps/OPC has been a 10 bagger the past 6-8 years. Check out the 52 Topps Mantle as well. You have many of the qualities of other great investments there especially if you buying graded, which is the only way to go.

These things started as a hobby since I was maybe 5 and of course as I evolved became a way to invest with an edge as well.

Have a discontinued version of the Walther PPK7 James Bond gun as well, but dont have any idea what the market is for something like that. Probably not worth more than a couple grand either.

Is the “James Bond PPK” a special edition? If, not this is pretty mondäne pistol , as it was the police service pistol in many states in Germany. Its not even that great of a pistol. no idea, but I don’t think it’s worth more than $500 equivalent in Germany (gun market is small there however, due to small gun laws).

Always been a Bond fan and bought one maybe a decade ago for about $750 USD. Not as an investment but just cuz. So your figures are probably right. Heard a couple years later the model was discontinued.

Yup PPK is probably about $500-700 dollars. I used to have one in my collection. I don't think you can go wrong with guns and ammo as a collectible. If you buy quality and store them properly they almost always appreciate in value. I had about 10k rounds of discontinued ammo from wwi and wwii which enthusiasts love to get their hands on. Bought them wholesale awhile ago and since sold them off for about a 100% profit. I will say this.....guns and ammo will always be in demand (good times and bad times.) 

A good friend of mine is a really big sports memorabilia collector. He does a ton of business on eBay, and is quite the entrepreneur. Still remember him back in 8th grade buying and selling autographed collectibles from his blackberry. Ended up paying for his college and has gone on to do some good things! He actually hooked me up with two autographed footballs from Saquon Barkley on official NFL balls. Needless to say I've become a Giants (already a Penn State fan) fan.

Gamecock-YT

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Re: Alternative Investments
« Reply #5 on: July 07, 2019, 05:12:28 PM »
I unwittingly own a collection of top end bourbon that's probably appreciated in value 10-12x from when I bought it before the bourbon boom happened. Bought and drank a lot in the late 2000s, early 2010s. Quit drinking bourbon for awhile and in the mean time kept reading about how much the pappy's, BTAC, and other limited edition bourbons were going for utterly ridiculous prices to the point I can't bring myself to drink what I have. Not sure what the end game is, there are facebook black markets I guess I could sell on but not really in a hurry to sell.
« Last Edit: July 07, 2019, 05:14:15 PM by Gamecock-YT »

gfp

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Re: Alternative Investments
« Reply #6 on: July 07, 2019, 05:24:57 PM »
Curious is anyone on here invests in other types of assets. Artwork, collectible automobiles, guns & ammo, wines, antiques, etc?

What are your views on the markets for said assets?

Why do or don't you invest in these types of assets?

Side: I couldn't find a post regarding the topic, but feel free to point it out if there is one.

I have owned art and antique / rare automobiles.  Had a good return on a 1956 Porsche that I purchased for $19,000 when I was 21 years old.  I've also commissioned replicas of paintings I love and will never be able to afford.  Those give me joy but no monetary return. 

I don't have a view on the collectible / vintage car market - but it does seem frothy.  When I was younger I worried that all the old timers who were pushing prices higher were going to die or outgrow the interest and the younger generation wouldn't support market prices.  That hasn't happened.  The baby boomers are still young enough to support the market and I've had friends in their late 30's join the hobby with more affordable options like the BMW 2002.

SHDL

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Re: Alternative Investments
« Reply #7 on: July 07, 2019, 06:18:32 PM »
I don’t do this personally because these things tend to have low risk/maintenance adjusted returns and/or can only be done with tiny amounts of money.  I think the low-ish returns have to do with the fact that certain people derive great satisfaction (“psychic income”) from owning a lot of these items, and that tends to be priced in like if it were a dividend.  My sense is therefore that these “investments” usually make sense only if you are someone who can really get a kick out of just owning them.

In the world of vintage electric guitars for example, everyone knows about the 1959 Les Paul Standard.  It sold for $400 or so when it came out and now the better ones trade for like 1000x that amount or more.  But of course over 60 years that is “only” a low teens price appreciation on a paltry $400, and we’re talking about the model that did by far the best in its category: you would have done nowhere nearly as well if you had bought another model or if you had physically damaged the guitar or if Jimmy Page and co had played something else.  But if you were a real guitar player who could really appreciate an excellent instrument, that is a different story, because you likely would have gotten so much out of the thing along the way that you may not even care about the price at which you could sell it for today...
« Last Edit: July 08, 2019, 04:49:31 AM by SHDL »

DTEJD1997

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Re: Alternative Investments
« Reply #8 on: July 07, 2019, 08:21:46 PM »
Hey all:

I collect gold/silver coins.  I have some jewelers, "we buy gold", and other dealers that I buy from.  I try to get as close to melt value as I can, and if the coin(s) are especially interesting/rare, so much the better.  Obviously 99%+ are not exceptionally nice/rare, but I have gotten some really good deals.

I will also sell off what I don't want to hold onto to some friends/associates.  I make a VERY slight profit, but I boost my volume with dealers, so they like to deal with me.

I think it prudent that people own a little physical silver/gold.

gfp

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Re: Alternative Investments
« Reply #9 on: July 08, 2019, 05:11:36 AM »
I used to buy some physical gold and silver back in 2002-2003.  I usually bought from Burt Blumert at Camino (rip - great guy, very encouraging when I was a young man), but also bought from the father of one of my college friends.  This numismatist, the friend's dad, would sell me st gaudens double eagles.  He also had some type of arrangement with a bunch of the toll road authorities / turnpikes in the Northeast US where he purchased in bulk the mangled coins and other coins that jammed the machines or weren't property accepted for whatever reason.  No idea who he actually had going through the bags, but he said it was quite lucrative and he would get all kinds of weird, sometimes valuable, coins in those bulk drops.  I'm sure it was a gross business but he said it was consistently profitable.

I had someone steal 1000 ounces of silver bullion (one of those mint-sealed green boxes) from me.  At the time it was worth about $4500 but of course it was later worth $20k... 

I sold most of my physical metals at the urging of my wife quite a while ago.  Not the exact bull market top, but close enough.  She kept reminding me that when we were dating I would always tell her that the time to sell commodities was when the taxi driver and the advertisements at the airport were all talking about buying gold.  That happened and she was adamant that we sell it all.  Used it to buy apartment buildings and the productive assets have been a better investment.  I lost my interest in "investing" in commodities.  Was influenced by Jim Rogers early in my career.  Kept the motorcycle adventure habit and ditched the commodities.  Remember when Rogers was adamant that the farmers would be driving Lamborghinis in due course?  Yeah, that didn't go quite the way he planned...  Maybe he's still "early."
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Hey all:

I collect gold/silver coins.  I have some jewelers, "we buy gold", and other dealers that I buy from.  I try to get as close to melt value as I can, and if the coin(s) are especially interesting/rare, so much the better.  Obviously 99%+ are not exceptionally nice/rare, but I have gotten some really good deals.

I will also sell off what I don't want to hold onto to some friends/associates.  I make a VERY slight profit, but I boost my volume with dealers, so they like to deal with me.

I think it prudent that people own a little physical silver/gold.