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Ammo and Guns Mutual Funds?
andrewsw16
Member Posts: 10,728 ✭✭✭
Noting the active sales in guns and ammo during the recent months, I mentioned to my financial adviser that I would be interested in moving some of my money into a mutual fund that had heavy investment in ammunition, firearms, and other sporting goods manufacturers. He contacted me back today and said he was unsuccessful in his search.
Does anyone here know of any mutuals that would take advantage of the recent surge in sales in guns and ammo?
No joke, this is a genuine longterm investment question.
Thanks.
Does anyone here know of any mutuals that would take advantage of the recent surge in sales in guns and ammo?
No joke, this is a genuine longterm investment question.
Thanks.
Comments
Most "stock investments" in the US are based on smoke & mirrors, not things with intrinsic value. "Short" & "long" transactions require nothing except a computer entry; same thing for oil & pork futures. You don't have to possess a thing, & there's no worry about where to store your oil barrels or pork bellies, or how to evaluate their value on a daily basis. Fluctuations are largely due to the "greater fool" principle.
Your best bet is a "self directed" ammo & guns mutual fund, which I believe a few forum members already have.
Neal
Just my opinion but brokers, investment schemes, stocks, and all the other Wall Street/Chicago Board of Trade hokus pokus is a big factor in the US economic woes.
A $2000 Colt python in my possesion feels much better than $2000 worth of cyberspace one's and zero's!
Thank you, Herschel, for the courtesy of addressing the question that was asked. [:)]
Cartod, been there done that TOO. [;)] My supply of guns, ammo, and components is "significant". Let's just say I have a stockpile. [:D](Or, more accurately, I DID until that awful day when I was transporting it all across the lake and the boat tipped over. [;)]) I cover my bets through diversification since each investment tactic involves its own particular set of risks. [:D]
Seriously, if you invest say 50k into the guns/ammo you belive will do the best. Put them in a safe and hold them for 5-10 years you can then capitalize on your gain by selling everything(including the safe), realizing your profit, and not pay tax on the gain.
Any other way involves commisions, cap gains, and other risks.
If you're going to speculate, might as well go all the way.
Most of Corporate America cycles their scams independently, like Madoff and GM, but sometimes it is done jointly, as in 1929.
I'm not averse to taking risks, but not with a risky class of people, or their paper. I invested $thousands in 2001, but it was in silver, at $5 per ounce, which I took physical possession of. One of these days, I'll have to check the price of silver ([:)]).
Remington is part of the Freedom Group, owned by Cerberus Capital Management.
Contents
Noting the active sales in guns and ammo during the recent months, I mentioned to my financial adviser that I would be interested in moving some of my money into a mutual fund that had heavy investment in ammunition, firearms, and other sporting goods manufacturers. He contacted me back today and said he was unsuccessful in his search.
Does anyone here know of any mutuals that would take advantage of the recent surge in sales in guns and ammo?
No joke, this is a genuine longterm investment question.
Thanks.
Buy machine guns.
Seriously.
They're tangible assets AND they've outperformed virtually every other investment over the last 20 years.
Only problem is they're not all that "liquid" (though bluntly MORE liquid than real estate or such), but if you're willing to hold them for a few years, liquidity shouldn't matter.