Guns are a fairly liquid asset (easily sold) and thus an investment choice is still on the table. Which asset to own - guns versus mutual fund - is always a choice.jmra wrote: But, per the OP, you don't get the money unless you spend it on guns. So those 40 year old guns are more valuable than the $0 value you would have if you didn't buy the guns. Of course no one is giving anyone $5000 to do anything with anyway so it's really a moot point.
Search found 2 matches
- Thu Jan 09, 2014 11:02 am
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: $5,000 to Blow
- Replies: 37
- Views: 4056
Re: $5,000 to Blow
- Thu Jan 09, 2014 6:44 am
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: $5,000 to Blow
- Replies: 37
- Views: 4056
Re: $5,000 to Blow
Well, you say $5000 "to blow". I would think through what it would cost me to blow it.
For example, a 28 year-old could blow it on various gun purchases. Or, he could put that $5000 into a Roth IRA. Investing in a good mutual fund at say 12% return means that would be worth $465,000 at age 68.
Personally, a few guns at age 68 that I have owned for 40 years would not provide the same level of satisfaction as a well-funded retirement account.
For example, a 28 year-old could blow it on various gun purchases. Or, he could put that $5000 into a Roth IRA. Investing in a good mutual fund at say 12% return means that would be worth $465,000 at age 68.
Personally, a few guns at age 68 that I have owned for 40 years would not provide the same level of satisfaction as a well-funded retirement account.