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DaveTN

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Posts posted by DaveTN

  1. 8 hours ago, BlessTheUSA said:

    Why link to the permit when you can just say (with proper legal wording), the state has zero authority to regulate carrying of firearms and respects the rights of individuals to do.    Would appear this simply means the tax (fee) is no more, but the state can regulate through rules of the permit.     Is that a fair assessment?

    Taking a quick look at those sections, (without being too specific) It appears to me those sections have to do with firearms at the workplace or firearms while hunting. Those laws will not be done away with, you will just have the same exceptions laid out for permit holders.

    The state will never say they have zero authority. They will still have the authority to limit carry, permit or not, wherever they have enacted legislation providing for that, and define who prohibited persons are. They have already done that for carry permit holders, so they are just using that language instead of changing all the laws.

  2. 35 minutes ago, jgradyc said:

    I would recommend against collectables. The obvious problems are storage, insurance, and the ability to make the right buying decisions at the right price, but the bigger problem is illiquidity. With an ETF, you list click "sell" at market in your Schwab, TDAmeritrade, etc account and within an minute you get an alert that's it's done. Wait until the settlement date and you can withdraw the funds. So, sell on Monday and you can have cash available to trade stocks on Monday or withdraw and have the cash in hand realistically by Thursday/Friday. With a collectable car or vintage gun, the buyer's market is MUCH smaller. It might take months. Plus, there is a major problem for what your heirs would have to do if something happens to you.

    A friend's late husband collected vintage musical equipment... pedals, speakers, keyboards, etc. He died with a house full of this stuff and his widow had no idea of how to get rid of it. It has been over a year and she still has one entire side of the garage and one bedroom filled with stuff that's worth tens of thousands of dollars, but people want to know it actually works before buying it. It has been a MAJOR hassle that you wouldn't want to leave to your spouse or children. In fact, what survivors typically do is sell it at auction for pennies on the dollar. 

    I'd recommend a portfolio of ETFs. Vanguard is good, but there are others I would recommend as well. That's what some of the professional asset managers use. I know because I held the CFP designation for 34 years before retiring. 

    Thanks, I may have to look into that. I’m not concerned with the mechanics of investing, I doubt that would take long to learn. I’m more concerned about knowledge of the markets I would invest in. Seems that would take a lot of research time. And even then; aren’t you guessing based on past performance?

    Do you not think the new “powers to be” are going to have a detrimental effect on the stock market across the board?

  3. There are many options if you just want to be a hobbyist, but don’t have access to mills, lathes, etc.

    Brownells, among others, has a ton of videos on YouTube that will take you through selecting parts, and building your own AR.

    If you want to do trigger jobs on S&W Revolvers, and have basic mechanical skills, Jerry Miculek’s S&W TRIGGER JOB – DVD is outstanding.

    If you want to pursue it as a career or home business, you would need to go to school or serve an apprenticeship somewhere. If you want to take in work at your home; you would need an FFL. (That’s pretty much a deal breaker for those of us that can do the work)

  4. 4 hours ago, BlessTheUSA said:

    So store which sold, say 50 items a year ago and perhaps just managed to stay open..... now can't get as much inventory... and even though the customer is willing to pay more, they are expected to keep the same price as last year because "it's the right thing to do"?  

    That's patently wrong.  It's CRITICAL to a free society that the seller is able to set the price that is optimal for his market and himself.   What happens when that seller "doing the right thing" sells the few items he can get his hands on, at last year's prices, and goes out of business?  Then where will you purchase?

    Consider the cases when storms hit Texas.  An entrepreneur loads up generators already on store shelves in NY State.   Then drives them overnight to Texas, making them available to Texans at prices higher than they purchased them in NY.  The Texans, without power are GLAD for the opportunity to buy a generator that they otherwise DON'T have access to.  And the idiot politicians say this is illegal, throw the entrepreneur in jail, and force their constituents to suffer without generators they want to purchase. 

    The idea that it's WRONG for a (edit) business seller to set prices as THEY see fit based on the ability to maximize THEIR best interest, is wrong and dangerous to our country.  Maximizing their best interest, a KEY TENANT of FREEDOM,  means they are by default looking out for YOUR (the market's) best interest, by selling a good/service at a price that the CUSTOMER is willing to buy.   And in the case of a smart business owner (presumably most who take the initiative to start and make a business successful), they are probably also considering the big picture such as repercussions of reputation, etc...  This system is CRITICAL.   

    Quote:  “Free Market” or “supply and demand” being legal doesn’t make it right.

    That makes it right, and what has created the prosperity we all enjoy.   If 5.56 was 0.25/rd, where would you be able to purchase it right now?   Would stores who can't find much to sell still be in business?   

     

    Edit to add:

    The same principal applies to individuals, which have primarily similar considerations as businesses.  Consider the current situation with ammunition.  The primary reason people are paying $2/rd for ammunition is because they perceive they need (or want) it, and/or they may not be able to purchase it easily in the future.  As such, it's worth $2/rd to them.  More than it's worth to you, but that's what it's worth to them.

    Perhaps a seller, under the SAME or other set of considerations, will come up with a price at which it's worth it to them to sell. 

    When the value placed on that item (e.g. a cartridge) by both parties aligns.... they'll make a deal.

     

    A Corvette is worth $80k to some... not to me... so I don't buy.   But I'm not mad at GM for charging $80k.  I'm glad they do because if they charged $40k they'd either make a car no one wanted or lose a ton of money and then make no cars. 🙂

    Did I suggest anywhere throwing anyone in Jail? Did I suggest we need more laws? Or that a Corvette needs to be affordable for all? (Not sure where that came from, or how it applies) Absolutely not.

    The supply is not compromised. Hence, the manufacturers aren’t rising their prices. If a store sells their supply in a day instead of a month, so what? The only way a gun store is going out of business is if someone else is getting their normal allotment of guns or ammo. That could be happening. Wouldn’t that be free enterprise; the strong killing the weak?

    There is ammo available. If people want to pay the inflated prices; they have that choice. I’m not suggesting someone can’t buy it up and flip it here for crazy prices. Or that retailers can’t charge crazy prices. I’m just saying its wrong.

    This thread just happened to be about availability and stupid pricing; so we are giving our opinions.

  5. I was going through things today and I have what I think is a 1910 ammo belt for the 1903 Springfield?? Anyway it’s a 10 pocket ammo belt with 5 round 30-06 ammo on stripper clips. If I remove rounds to look at the headstamp, can I put them back, or do the tabs break? Or should I quit messing around and just leave them alone.  

  6. 2 hours ago, analog_kidd said:

    So, I'm really interested in cannabis stock. Whatever your feelings on the product, it's gonna make money and it's gonna be here to stay. You can either be in on it or not.

    That said, I hold a government clearance, and they do background checks. I know how they feel about using weed, but not sure how they would feel about investing in it. So, I would like a stock that would be legit on the open US market. Maybe a mutual fund that has cannabis as a major percentage of it's holdings, but has other stuff too.

    Any recommendations?

    https://www.military.com/money/personal-finance/owning-marijuana-company-stocks-could-endanger-your-security-clearance.html

    Well that article says it could impact your security clearance. That’s not an issue for me, my concern would be that weed could be outlawed tomorrow by the Feds. However, I think you would be good for at least the next four years. That is, unless owning stocks puts you in the category of being perceived as being entitled; then the government taking office in January will want it.

  7. The supply of ammo and guns will eventually catch up. But pricing recovery will be dependent on the retailers. I’ve seen around 15-18% and still rising since January on guns at the online dealer I use mostly, with no price increase from the manufacturer. And they don’t have them, so the price may even be higher when they do. And of course ammo pricing is just crazy.

    I could make a butt load of money right now. But I refuse to be part of this. “Free Market” or “supply and demand” being legal doesn’t make it right. Now, having said that there are plenty of folks on this forum that are pricing stuff right.

    • Like 1
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  8. 3 minutes ago, ReeferMac said:

    Something to make your life easier funner.

    That's what I would like, but my wife thinks if I'm having fun; its a no go. As you probably know....wives can be like that. 

    [Checks to see if wife is looking] 5edAXCI.gif

  9. 22 minutes ago, alleycat72 said:

    Hagerty insurance is durt cheap. You can also get an antique tag. One time expense that never needs renewed. I have a tag from 1952 on my truck. 

    Yeah, I haven’t given up on that idea yet. I’ve owned and showed Vettes most of my life, until about 10 years ago. I haven’t looked to see what Covid/Economy has done to the collector car market recently.

  10. I do have a question for investments. I have a lot of cash setting in the bank doing nothing. I also had some CD’s that were 3.5%, but now CD rates are less than 1%. I let them mature and didn’t take the new rate.

    I told the wife I should take that money and buy guns that would not be the target of restrictions or bans. But of course she isn’t going for that. 🤣 Also used gun prices are high right now.

    I thought about buying collector cars, but then I have taxes, insurance etc.

    I’d like to do something with that money, but be able to have access to it in a reasonable amount of time if needed??

  11. 12 hours ago, BlessTheUSA said:

    The S&P500 (standard diversified index fund) is up 15.6% TYD.   So if post-fees return at EJ is 8-9%, you've lost about half the return.  Assuming you didn't instruct EJ to invest super conservatively, in which case this may not be an apples to apples comparison.

    It's your money, so I have no stake in how you invest.  But hope more folks can see that "good" returns from their broker isn't good when the market did twice that.   I hear it from a lot of folks, which is unfortunate.

    So you are saying an increase of 10% in 11 months after fees for 2020 is not a good return? I didn’t instruct them to invest conservatively, my risk tolerance is medium to high. My return was in the low 20's for the last three years. 

  12. 1 hour ago, loadedp3at said:

    When you say belly gun does that mean it is not accurate? Have you shot it much and have you had reliability issues?

    I only ran a few mags though it so far.  No problems. I didn’t try to see what it would do; I had other things to do. But I put rounds in a man size target at about 15 yards. I don't use sights for a SD gun, so I don't even know if the sights were right, really can't even remember what they are. But if you are getting the one with the red dot; that shouldn't even be an issue. 

    When I say “belly gun” I mean its, like any small gun with a hard trigger pull. It is DAO and has a long trigger pull. It’s not something you will want to target shoot at the range with. But I feel the same way about the Shield (except it has a lot better trigger) and I carry one a lot.  While the M&P compacts or a Ruger would be fine for that.

    I guess what I’m trying to say is that the SCCY and the Ruger aren’t in the same league; but they don’t pretend to be. They aren’t in the same price range either; unless you find a good deal on the Ruger used.

  13. That would depend on which gun you want; you can put a red dot on most anything. If it’s for Range/Home Protection/Carry I would take the Ruger hands down. Although my first pick would be the M&P 2.0 Compact with the optic cut, and my second choice would be a M&P Shield with the optic. But both of those will cost a lot more than the $310 for the SCCY with red dot. Ruger doesn’t make the SR anymore.

    I own a SCCY and it is good for what it for. It’s a gun you can throw in your jacket pocket when you take the trash to the curb. Because there is no way you can accidentally pull the trigger. It’s a DAO with a long hard revolver trigger pull. Great belly gun. Its cheap and its American made.

    • Like 1
  14. 40 minutes ago, analog_kidd said:

    I'm no stock guru. I had him buy me a few other things that did not turn out so well. Like Nvidea stock, a company that has video cards in EVERYTHING, and the next week a self-driving car powered by Nvidea chips ran over a pedestrian, and their stock tanked. Its a crap-shoot.

    Nvidia stock was around $250 when you bought it in March 2018. It's $535 now. You didn't make a bad choice buying it. You just didn't stick around for the ride. 🙃

  15. Everyone’s experiences are different; I really like Edward Jones. The only issues I have had is that my account advisor has changed four times in seven years. In the last three years my IRA % (rolled from a 401K) has been in the low 20’s. I’m happy with that.

    Like everyone I took a big hit with the economy shut down. I’m back at 10% for the year; I think that’s pretty good.

    With my account advisor changing I was concerned that I would not get the performance I had been getting. I asked if he picks the stocks or they do, and he said their investors handle that. I had been thinking about changing, but I’m afraid to; they are doing well. And with what’s going on now; I think they did an excellent job at recovery.

    When I meet with my advisors, I told them, I think I’m pretty intelligent. Intelligent enough to know I’m not a Doctor, so I hire one, I’m, not a lawyer, so I hire one, and I’m not a financial expert so I hire one. That’s his job. Take my money and turn it into as much more as he can. Then we talked about guns for long time.

    Investing isn’t about knowing how to invest; anyone can learn that. But you have to know the markets and the companies you are investing in; I don’t know that and have no desire to learn and keep up with it.

    But you have to feel comfortable with your investment advisor. If you don’t you should change. It’s not like there aren’t plenty of proven performers out there.

    I’m temped now to cash out my investments. Biden is going to destroy this economy. I hope I’m wrong and if I am I’ll be the first to admit it.

  16. 23 minutes ago, ACfixer said:

    Sent to the FFL how, electronically I hope? Yeah I would think if I actually had a disqualifying offense I never would have been given all the CCW's I have over the last decade.

    Your suggestion of a C&R application was taken to heart Dave, that's my next course of action after this clears up.

     

    Mind didn’t clear up until I did that. I could have paid $25 for a FBI background check, and had to get fingerprints to send. A C&R was $30. I thought the feds might be more willing to tell me what was happening than the TBI. They were.

    Also…. It appears to me that the TBI is kinda butt hurt that they not allowed by law to keep background check information on file. When I asked them if I could submit the documentation I had, to them, so this didn’t happen again, I got “Oh we aren’t allowed to do that”. I asked, So this will happen again? She said probably.

    In their defense; there was an issue. Was it a disqualifier? No, and it was over 25 years old. When I told her it was misdemeanor, she said it could be a felony in Tennessee. Whatever…

    I don’t know how it was sent to the FFL. I assume it was faxed since that was how it had to be submitted at that time. Have you checked with the FFL?

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