Too nice to shoot.

[wiscoaster]

Stocks?! legalized gambling and in todays market your better off going to the casino!

That's called "trading". Trading and investing are two different animals entirely and should not be conflated. Trading is usually done with futures and options. Investing is usually done with stocks, bonds and funds. Two entirely different universes of financial instruments.

As I said, one should not invest in something one does not understand. The same could be said about trading. Trading without understanding is no better than a casino, and many who attempt it treat it that way - as gambling - and end up the same way: losing money.

I spent some time a couple decades ago trading futures and options and I knew what I was doing and made a profit from it. I did find, however, that I did even better as an investor, and so discontinued trading.

 

[Whitworth]

FWIW, I lost money when my GM stock became worthless, I have never had gun become worthless. YMMV

 

[wiscoaster]

That happens. Putting everything on one bet is gambling, not investing.

One disadvantage of employer sponsored 401(k) plans that only match company stock. Better a plan where holdings can be diversified.

 

[Appowner]

Stocks?! legalized gambling and in todays market your better off going to the casino!

Funny? My same BiL from above also frequently visits the casinos. To date I have done better in the market than he has at the tables. Several times better!

As for legalized gambling? So is starting/running a business, buying a home, crossing the street, etc. Life involves risk. If hiding in a basement is your idea of avoiding risk, have at it. I prefer to live life myself with all it's risks.

 

[Appowner]

FWIW, I lost money when my GM stock became worthless, I have never had gun become worthless. YMMV

Let me guess, you had everything tied up in that stock? Never heard of diversification? Or thought you were too smart for that? And I'd wager your final take from the stock was still more than the guns are worth.

 

[wiscoaster]

....

As for legalized gambling? So is starting/running a business, buying a home, crossing the street, etc. Life involves risk. If hiding in a basement is your idea of avoiding risk, have at it. I prefer to live life myself with all it's risks.

That's real life, for all it's worth, with its gains and its losses. Being completely safe means avoiding all losses maybe, but it also means no opportunity for all gains.

In any case, "safe" is an illusion. Too many things one has no control over may adversely affect one's safety. Better to accept and intelligently manage the risks to be as safe as possible by knowing, accepting and having means to mitigate the known risks.

 

[Whitworth]

Let me guess, you had everything tied up in that stock? Never heard of diversification? Or thought you were too smart for that? And I'd wager your final take from the stock was still more than the guns are worth.

What's got your panties in a bunch, GM screw you too? I was just making a statement, the Ford stock I purchased at the same time is still viable along with a few others and my guns are just fine.

 

[Appowner]

What's got your panties in a bunch, GM screw you too? I was just making a statement, the Ford stock I purchased at the same time is still viable along with a few others and my guns are just fine.

Nothing has me upset. But you came out sounding like sour grapes. I just took a guess at what your situation was.

 

[sussexmuzllodr]

Buy Silver...ya cant lose....

 

[Appowner]

Buy Silver...ya cant lose....

Hmm! Silver Bullets! A waste of good silver unless you have a lot of werewolves and vampires. Not sure how they'd work on zombies. Or do you envision yourself as the next Lone Ranger?

 

[Whitworth]

Nothing has me upset. But you came out sounding like sour grapes. I just took a guess at what your situation was.

No sour grapes, I was simply making a statement based on an example. The small portfolio loss didn't hurt as much as seeing my beloved GM tank. I was a Chevrolet fan for over 40 years since High School, driving everything from Corvair to Corvette. Still being a Ford stockholder it makes sense to buy FoMoCo and I've been satisfied with their products from SUV to Super Duty. YMMV

 

[jackpine54]

The only stock I have is the kind that moo and ruin the planet with their farts. I had to cash out my retirement savings between getting medically retired and VA disability kicking in, got hungry. All of that said, no gun is too nice to shoot. I've stumbled on several brand new collection worthy shotguns that have ended up in the goose blind or duck boat. Life's too short and unpredictable, enjoy what you have now. You'd probably enjoy the memories of shooting more than storing when you're looking back on life. At least that's my take.

 

[sturmkatze]

And yet I somehow manage to always turn a profit with guns, my ignorance and your personal insult notwithstanding.

There’sa reason I have him blocked. lol

 

[Appowner]

Buy Silver...ya cant lose....

Big silver deposit..........................at the bottom of Lake Superior.

Go for it!

 

[Appowner]

No sour grapes, I was simply making a statement based on an example. The small portfolio loss didn't hurt as much as seeing my beloved GM tank. I was a Chevrolet fan for over 40 years since High School, driving everything from Corvair to Corvette. Still being a Ford stockholder it makes sense to buy FoMoCo and I've been satisfied with their products from SUV to Super Duty. YMMV

Most of mine is in ETFs through my advisor. I had to pretty much put it all on auto pilot 12 years ago when my health went south. I can keep track of it better now and all through this my advisor didn't do a thing without checking with me first. Just the same I hold stock in a handful of companies that mean something to me. Harley Davidson for example.

 

[Okie Hog]

IMO: Nothing is too nice to shoot.

i once fired three cylinders of an unfired first generation Colt single action. My girl friend fired the other three cylinders. i've fired numerous unfired Winchester lever action rifles.

Made a bunch of money when my Colt and Winchester collections were sold off.