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OB investment strategy

Posted on 9/30/13 at 3:14 pm
Posted by mack the knife
EBR
Member since Oct 2012
4183 posts
Posted on 9/30/13 at 3:14 pm
way different topic for this board:
"investment guy" in the same office bldg as me is also a devoted shooter: pistols, rifles, not much on shotguns. since obama has been in office he has had several of his clients into ruger, colt, s&w, etc and they have been seeing some nice returns until 12/2012 incident. any of y'all ever try this strategy with outdoor related products? it follows the age old advice of investing in what you understand.
i prob should take this to the money board, but i'm more interested in the OB's opinion.
This post was edited on 9/30/13 at 3:16 pm
Posted by Broke
AKA Buttercup
Member since Sep 2006
65039 posts
Posted on 9/30/13 at 3:16 pm to
I'm a financial planner. It's bad to invest on emotion.
Posted by AngryBeavers
Member since Jun 2012
4554 posts
Posted on 9/30/13 at 3:19 pm to
quote:

I'm a financial planner. It's bad to invest on emotion


This. Or just individual stocks in general. Stick to index funds.
This post was edited on 9/30/13 at 3:20 pm
Posted by Broke
AKA Buttercup
Member since Sep 2006
65039 posts
Posted on 9/30/13 at 3:20 pm to
quote:

AngryBeavers


Are you a financial planner?
Posted by wickowick
Head of Island
Member since Dec 2006
45791 posts
Posted on 9/30/13 at 3:24 pm to
I noticed you mentioned land for lease here and then I saw a piece of property for sale that matched your description. Is it in a location where you could set up 3/d archery, sporting clays/ skeet, dig a large pond for paid fishing, etc?

Posted by mack the knife
EBR
Member since Oct 2012
4183 posts
Posted on 9/30/13 at 3:27 pm to
quote:

wickowick


yep
Posted by mack the knife
EBR
Member since Oct 2012
4183 posts
Posted on 9/30/13 at 3:28 pm to
quote:

It's bad to invest on emotion


i'm not talking about emotion, just a well founded understanding of good vs bad products being produced.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65039 posts
Posted on 9/30/13 at 3:35 pm to
Then I don't understand the question. You lump in purchasing of firearm manufacturing stocks with a tragic event. How is that not investing on emotion?
Posted by bbvdd
Memphis, TN
Member since Jun 2009
24930 posts
Posted on 9/30/13 at 3:39 pm to
Colt is a private company so no investments there.


Ruger is actually up ~ $10pts since 12/12. Add in dividends and you are looking pretty good.
SWHC is about the same and they don't pay dividends.

As to the guy saying don't invest in individual companies, I couldn't disagree more. Do your homework and pay attention and you will be fine.

Posted by wickowick
Head of Island
Member since Dec 2006
45791 posts
Posted on 9/30/13 at 3:43 pm to
I always thought a sporting clay/ skeet range on this side of town would do well. The lead issues and neighbors complaining from the sound is always a real problem...
Posted by mack the knife
EBR
Member since Oct 2012
4183 posts
Posted on 9/30/13 at 3:43 pm to
quote:

Then I don't understand the question


no, you don't bc i worded it poorly (sorry, my bad). i'm not refering to firearm manufactures exclusively, i was just using them as an example. i shouldn't have used them as an example because of the emotion involved.
a better, however simplistic, example would have been whoever manufactures thermocells. or even better, the trolling motor manufacturer that first started producing the gps-enabled units.
Posted by wickowick
Head of Island
Member since Dec 2006
45791 posts
Posted on 9/30/13 at 3:45 pm to
Aren't many of the outdoor products privately owned? Or are they just owned as part of a larger public traded company?
Posted by mack the knife
EBR
Member since Oct 2012
4183 posts
Posted on 9/30/13 at 3:48 pm to
quote:

wickowick


ygm
Posted by TBoy
Kalamazoo
Member since Dec 2007
23620 posts
Posted on 9/30/13 at 3:49 pm to
Reminds me of Warren Buffett's comment about investing in gold. He referred to it as "Going long on fear."
Posted by wickowick
Head of Island
Member since Dec 2006
45791 posts
Posted on 9/30/13 at 4:00 pm to
Sent you something back...
Posted by bootlegger
Ponchatoula
Member since Dec 2012
5330 posts
Posted on 9/30/13 at 6:06 pm to
quote:

Broke


quote:

I'm a financial planner


ISWYDT
Posted by VetteGuy
Member since Feb 2008
28063 posts
Posted on 9/30/13 at 6:39 pm to
quote:

I'm a financial planner. It's bad to invest on emotion.


Are you really?
Posted by dawg23
Baton Rouge, La
Member since Jul 2011
5065 posts
Posted on 10/1/13 at 2:18 pm to
I misunderstood -- I thought your friend was advising client to invest in guns.

I was gonna point out that a well-rounded portfolio should include ammo as well.
Posted by GreenTrout
Toledo Bend
Member since Jul 2013
1010 posts
Posted on 10/1/13 at 2:21 pm to
Your name....now makes sense.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65039 posts
Posted on 10/1/13 at 2:37 pm to
quote:

Are you really?


Yes
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