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Started By
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Investing in Forever Stamps!
Posted on 7/6/10 at 10:39 pm
Posted on 7/6/10 at 10:39 pm
With stamps set to rise in price from 44 to 46 cents, everyone should invest their retirement in Forever stamps.
Anyone have to be a market maker for bulk stamp sales?
Anyone have to be a market maker for bulk stamp sales?
3
Posted on 7/7/10 at 8:14 am to jglass3lsu
I guess it would be kind of like investing in penny stocks, but with a certainty of very modest gain....if only there were bulk buyers.
Posted on 7/7/10 at 8:59 am to Willie Stroker
Not going to do much for you besides keep up with inflation. Better off in TIPS.
Posted on 7/7/10 at 9:24 am to jglass3lsu
I like these stamps only because I don't use snail mail very much, it used to be that I'd buy a book of 20 and not use them all before the price went up again, and that's a hassle.
But other than that it isn't a great investment, as others have pointed out it basically keeps pace with inflation and that's about it.
But other than that it isn't a great investment, as others have pointed out it basically keeps pace with inflation and that's about it.
Posted on 7/8/10 at 8:01 am to foshizzle
I hate how difficult it is to convey sarcasm via text...
Posted on 7/8/10 at 8:54 am to jglass3lsu
The U.S. Postal Service is the Poster Child for ineptness. Their business is shrinking every day and they just keep raising the cost of stamps. They need to drastically overhaul and reduce their operation by at least 50%. Mail should no longer be delivered to homes except through special delivery via UPS, FedEx, etc. All postal mail should be eliminated and moved to the Internet. For those who cannot afford the Internet then they should have P.O. Boxes where they can get their mail.
I mean really, how much relevant mail do you get a month?
I mean really, how much relevant mail do you get a month?
Posted on 7/8/10 at 9:41 am to jglass3lsu
If you can buy them shortly before an increase then the 2 cent increase coming up would be a %4.5 return. Which is fine if you only have your money tied up for six months. Continuing to hold them for future increases would barely outpace inflation.
Also, how easy would it be to sell 100k stamps for full price? I would guess you would have to spend some time finding buyers and storing them safely would involve risk or more money.
ETA: sarcasm noted, it is still something some people have though might be a good idea though.
Also, how easy would it be to sell 100k stamps for full price? I would guess you would have to spend some time finding buyers and storing them safely would involve risk or more money.
ETA: sarcasm noted, it is still something some people have though might be a good idea though.
This post was edited on 7/8/10 at 9:43 am
Posted on 7/8/10 at 9:43 am to eelsuee
quote:
Also, how easy would it be to sell 100k stamps for full price?
"Psssstt!! Hey, buddy! Wanna' buy some stamps? I got 'em right here. I'll give you a penny discount! Cash only."
This post was edited on 7/8/10 at 9:45 am
Posted on 7/8/10 at 12:45 pm to LSURussian
Open up the trenchcoat with rows of discount stamps taped inside.
Posted on 7/8/10 at 1:30 pm to John Merlyn
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