|10-17-2016, 07:43 AM||#22|
Joined: May 2004
From: Central Arkansas
I don't have any real 'investment' guns. All mine get used or are ones that used to get used and simply got replaced with something I preferred. The P-64 that I've talked about a bunch lately is an example of that. I bought it in probably 2005 or so, to upgrade from the P-32 I'd pocket-carried for 2-3 years. Just as the P32 got replaced by the P-64, the P-64 later got replaced by the much lighter LCP. Similarly, my old Detonics .45 got replaced by a glock 26 in 2002 or so. Thatís largely how Iíve ended up with a bunch of guns over the years; not as any kind of investment strategy at all.
Even with all the fear, drama, and roller-coastering that the stock market does, it still (shockingly, to some) has averaged around 11% annual return consistently, for as many decades as tracking data goes back for. If that same $150 was put into a plain, simple, boring, stock-index fund in 1972, and then never added to, never moved, never jockeyed around to Ďtime the marketí ó just stuck in there & left alone all this time ó it would actually be more than $14,000 now.
I tend to harp on economic things, but itís because I wish Iíd discovered investment calculators in my 20ís rather than my 50ís; and hope maybe someone in their 20ís (or 30ís or 40ís) may get a jump-start that I missed.