Tuesday, October 14, 2008

Everybody's worried about their portfolios...

... but since I'm pretty heavily invested in steel, walnut, brass, and lead, mine's actually looking pretty good, thanks.

Hey, S&W stock may have taken a pounding, but old Smiths themselves have been absolutely blue chip over the last five years. They've all performed well, and I could probably better than double my money on a few. Plus, have you ever tried to knock bowling pins off a table with a stock certificate?

16 comments:

theirritablearchitect said...

I think the best I can do is laugh at the ridiculousness of it all, at this point.

Tam said...

Hey, S&W stock may have taken a pounding, but old Smiths themselves have been absolutely blue chip over the last five years.

Will Brown said...

Plus, have you ever tried to knock bowling pins off a table with a stock certificate?

It's all in the wrist.

Wolfwood said...

The trick to the stock certificates is to own them in bundles, preferably in quantities so large that it's no big deal if you lose a few.

Matt G said...
This comment has been removed by the author.
Matt G said...

A great example of why people need to take a breath. A stock share is part ownership of something tangible-- a company. Some people are so skeered, they're selling off shares of companies whose services and products are actually in great demand, and whose assets are growing in real value. For a lot of companies, these days, this is a GREAT time to buy, to get a piece of something that eventually everyone will realize that they wanted.

That said, I'm up to my assets in home renovation, so I guess I'm tied up in real estate. Which I suppose is pretty sound.

Johnny said...

Stocks can go up as well as down, Tam. His Holiness the Obama, PBUH, could cause some serious depreciation in some of your stocks - one way or another.

Tam said...

Should it come to that, then the dreaded Zombocalypse is upon us and all bets are off.

(And in that case, an FN-49 or SVT-40 will be worth a lot more than 40 shares of Generic Motors.)

theirritablearchitect said...

"Should it come to that, then the dreaded Zombocalypse is upon us and all bets are off.

(And in that case, an FN-49 or SVT-40 will be worth a lot more than 40 shares of Generic Motors.)"


A) Either quit teasing me with all this talk of your FN-49 [a post with Oleg photos would be nice,:) ]

B) Your rifles are already worth more than 40 shares of GM common stock, without doubt.

Wolfwood said...

Hold on...your bluing is chipping? I'm confused.

Gregg said...

Hey, if GE were to start trading GE miniguns for GE stock I would go for it in a heartbeat. The miniguns will appreciate a lot faster than the stock.

José Giganté said...

I think you may find that the recent increases in guns may come down a bit, you're still better off than if you had stock in say AIG, but I wouldn't count on getting so much for those gems.

At least that's what I'm hoping for as I don't have a large collection and would love to acquire more without breaking my budget.

TBeck said...

A few days ago I saw a post on one of the gun forums to the effect of "S&W stock for $2.50." I have to admit, my first thought was, "four-position or six-position?"

staghounds said...

And a nice set of N frame Cokes are 100 times the price of a share.

Just remember- on every day when a bazillion and three shares were sold in a Wall Street slide, the exact same bazillion and three shares we bought on the exact same day.

mts said...

I'm heavily invested in utilities. The bills, not the stocks.

Unfortunately, that bundle rises every year, regardless of the economy.

ted said...

My paper assets look a little yucky, but I wasn't planning on converting those for a long long time. I do have a small amount of brass and steel, and I'm looking forward to getting more of the more pragmatic and less sentimental variety. Well, that and I have a small amount of carefully shaped Canadian rock maple, but a hobby in billiards generates that. I plan to diversify and invest in slate as soon as I can.