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HarryCaraysGhost (99.73)

Do you like to collect stuff?

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February 11, 2012 – Comments (42) | RELATED TICKERS: KO

And no I don't mean like this-

http://abcnews.go.com/US/chicago-hoarders-buried-alive-trash/story?id=10750192

Just in general, do you enjoy collecting things that will make you money in the future?

Reason I bring this up is me and my lovely lady went to the credit union to cash in the coins saved over the past six months today.

Grand total ($497) bummer I was hoping for six.

Gave Norma half and we decided to stop and grab something to eat. (note for anyone looking to get in a long term relationship keep your finances separate. Wev'e been together for almost a decade and have not argued over money once)

Sooo! were sitting at the bar waiting for our burgers when she asks me a simple question-

Norma- So what are you doing with your cut?

Me- Well.. I owe my Mother a hundred beans for some Chistmas stuff  I got for the niece and nephew on her AMZN account. Other $150 I owe to KO.

Norma- Wait... how could you owe KO money. And you just sent them a check not long ago.

Me- Ok well, I owe myself then. My plan is to send them $50 bucks a month ($150 quarterly) until the dividend buys me a full share. That way I'll be buying a full share every quarter and that share buys me more , it's actually mind boggling when you think about it.

Norma- So your collecting money.

Me- well yeah...

Norma- I tell ya John you are either brilliant or obsessed. This is just another thing for you to focus in on. When you were young you collected comic books.

Me- yeah

Norma- After that you collecred those cards (Magic the Gathering)

Me- well yeah, made a killing selling them on E-bay.

Norma- You know your going to be rich someday.

Me- That's the plan babe.

...(burgers arrive)

42 Comments – Post Your Own

#1) On February 11, 2012 at 9:05 PM, oyoyoy (40.57) wrote:

Within a month of our marriage my wife and I pooled our money. That was over 15 years ago. A couple - heterosexual, homosexual, etc. (accounting for more relationship that involve more than two enitities) - need to find, and do, what works for them.

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#2) On February 11, 2012 at 11:21 PM, HarryCaraysGhost (99.73) wrote:

oyoyoy

Congrats on the 15 yrs.

Do you guys ever complain about what the other is spending?

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#3) On February 11, 2012 at 11:51 PM, HarryCaraysGhost (99.73) wrote:

Ok, I was'nt really focusing on the whole marriage thing, But that's something I've always wondered about.

Why would two sane people (in my case a man and woman...well theres also a dog involved) Enter into a legally binding contract that says you get half my stuff if this doesn't work out?

I collected my stuff, she collected hers.

Just wondering about the rationale of marriage...

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#4) On February 12, 2012 at 12:08 AM, truthisntstupid (93.32) wrote:

Hi Harry

I guess at one time I used to collect investing books. But now since I have so many of the best ones in hardback, I'm done with that now.

Before that I collected books on flourescent light gardening and hydroponics. But I now have a wealth of information on that as well.

Both good retirement hobbies...

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#5) On February 12, 2012 at 12:11 AM, Starfirenv (< 20) wrote:

I like to collect stuff! 

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#6) On February 12, 2012 at 12:38 AM, Starfirenv (< 20) wrote:

Especially published articles in video form.  I love that.  I think everyone does, except those with indoor hydroponic "gardens".

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#7) On February 12, 2012 at 1:05 AM, truthisntstupid (93.32) wrote:

Haha yer so funny...

comment # 35 here...

 http://caps.fool.com/Blogs/dividends-vs-buybacks-is/698330

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#8) On February 12, 2012 at 1:06 AM, HarryCaraysGhost (99.73) wrote:

Hey Truth, that sounds like a strong foundation of knowledge and stuff to retire on. Not to shabby considering you rake in 9 beans pr/hr. I'm looking foward to this April when your debt is gone.

We'll have to have a virtual party.

I'll bring the BUD.

I'm sure Starfirenv has no problem bringing the bud :)

Hey Mark I know you got cooler stuff then me but I am not at all envious.Unlike some of my co-workers who rally against the 1%. I say learn from them and hopefully join them.

Beats the alternative of the equal sharing of misery.

 

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#9) On February 12, 2012 at 1:19 AM, truthisntstupid (93.32) wrote:

I don't like the taste of beer...it only becomes tolerable to me after I've already had 2 or 3...but maybe in April I'll have a few...nah.. I doubt it. I'll be getting up way too early every day by April. Anyway, the real celebration will be just a few more years away.

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#10) On February 12, 2012 at 1:31 AM, truthisntstupid (93.32) wrote:

Well, we have 30 more minutes before we'll be shut down so they can reset digital circuits that've locked up from all the data those damned videos...ah, never mind.

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#11) On February 12, 2012 at 1:31 AM, HarryCaraysGhost (99.73) wrote:

Ok truth I understand, but make sure to let me know when the real party has started I'll have a couple on your behalf.

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#12) On February 12, 2012 at 1:32 AM, truthisntstupid (93.32) wrote:

I saw something shocking today...Andrew Tonner wrote an article!

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#13) On February 12, 2012 at 1:34 AM, Starfirenv (< 20) wrote:

Troof, just joshin' you. You're the one that called me an"old rascal".  Not sure what #35 has to do with anything- but I'm happy for you, really.  Screw the virtual party.  Fly down to "Isla Bonita" and we'll have some fun.

Juan, Yea, I have some fun (and stuff" and 20 yrs on you).  You'll be there too.  Not large by any means, but like I say, some live to invest and some invest to live. I ate beans for many yrs.  Not even close  to the 1%.  My youngest just turned 18.  It's my turn- 

 

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#14) On February 12, 2012 at 1:34 AM, HarryCaraysGhost (99.73) wrote:

Holy Cow man you timed it....?

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#15) On February 12, 2012 at 1:34 AM, truthisntstupid (93.32) wrote:

When it's time for the real party I'll have a few beers, too...

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#16) On February 12, 2012 at 1:39 AM, truthisntstupid (93.32) wrote:

Ah, I had to put #35 somewhere! I didn't think it deserved a blog, so that's where I put it.

My greenhouse will be, um, mostly for food...

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#17) On February 12, 2012 at 1:44 AM, HarryCaraysGhost (99.73) wrote:

The site will be unavailable in 20 minutes for scheduled maintenance.

No doubt to remove our subversive comments :)

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#18) On February 12, 2012 at 1:49 AM, truthisntstupid (93.32) wrote:

 

############################################################################### http://www.fool.com/investing/dividends-income/2012/02/11/the-greatest-dividend-stock-on-the-dow.aspx

###############################################################################

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#19) On February 12, 2012 at 1:50 AM, truthisntstupid (93.32) wrote:

Tried ta frame it for ya Andrew

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#20) On February 12, 2012 at 1:50 AM, Starfirenv (< 20) wrote:

Yer killin'  me man.  Seriously,  San Pedro, Bz.  Show up. But be warned, you may never be the same!  Lion fish tacos all day long.

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#21) On February 12, 2012 at 1:53 AM, truthisntstupid (93.32) wrote:

You live in Belize? Isn't that down by Honduras? I spent some time there in the 80's.

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#22) On February 12, 2012 at 1:57 AM, truthisntstupid (93.32) wrote:

Well, our time's up. See you guys next go-round!

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#23) On February 12, 2012 at 12:00 PM, Teacherman1 (47.67) wrote:

Harry

My wife and I mostly collect dog hair and carpet puddles.

Even though we are married, and living in a community property state where  it eventually gets mixed together anyway, we have used this method to at least give some sense of accountability.

She has her account, I have mine, and we have a joint one that we each contribute to, that we use to pay our living expenses.

Good luck to all of you in your collecting and your investing.

Have a great week, month, year, life.

Look Truth, words. No video:).

Starfire If you have 20 years on Harry, then I must have about 10 years on you. You'er old:).

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#24) On February 12, 2012 at 2:04 PM, ikkyu2 (99.36) wrote:

Harry- great post.  Suggest you sell your KO and put it in CLCT, Collector's Universe.  Great dividend - much better than KO's - and you're almost certainly already familiar with their product and business model.

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#25) On February 12, 2012 at 3:01 PM, selfdestruct2 (34.40) wrote:

I was hoping we could actually discuss the original topic of what people collect.

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#26) On February 12, 2012 at 4:36 PM, amassafortune (29.56) wrote:

I did look at investing in a similar collecting way, but 2008 has diminished its appeal for me. With all today's bizarre leverage, exceptions to established law, and rule changes that appear without warning, I'm concerned about my collection being subordinated. 

For me, collecting has always been partly about watching things grow . 

I'm in the process of moving out of my collection of children and hope to begin a grand-child collection in the coming years. None of my children have offered to help yet, and this is not a venture to begin on one's own. So I wait.

I like the idea of collecting and growing precious metals and coins in today's environment, but have not moved heavily into this area. Confiscation is just about the only method of leapfrogging ownership that can diminish this collection, but it was only 79 years ago that such an unlikely event really happened.

I collect acreage.This is the collection I most enjoy now. I track stumpage (standing timber/boardfeet) annually just as I tracked shares after dividend reinvestment. I enjoy walking the terrain and seeing the changes in plant and wildlife diversity. It's like having a private park, but I can change it at will, and emminent domain is about the only method of eroding my claim of ownership. It's a small thrill to fell a crooked tree within inches of it's intended landing area. The satisfaction of picking fruit, berries, and nuts one has propogated is the same feeling gardeners and farmers have understood for thousands of years. 

My small business collection is new. This collection is also part of my personal philosophy evolution since 2008. Again, it's a small but satisfying victory to grow new customers, or bring a new service or product to market.  

Someday I'll break up housekeeping, simplify, and winnow down my collections. I sometimes wonder what my "Rosebud" will be. After a lifetime of moving from collection to collection, which one or ones will still have personal value when time becomes more precious than possessions. Surely, family will be in those final earthly thoughts, but before those names pass my lips, I suspect the land will be what collected the most of me. 

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#27) On February 12, 2012 at 5:07 PM, HarryCaraysGhost (99.73) wrote:

selfdestruct2

 yeah man go ahead and post away, my posts sometimes go off on a tangent

But feel free to post what you collect

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#28) On February 12, 2012 at 5:16 PM, truthisntstupid (93.32) wrote:

Yeah man, don't let our middle-of-the-night chatter deter you...we were the only ones on here last night!

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#29) On February 12, 2012 at 5:35 PM, HarryCaraysGhost (99.73) wrote:

Yeah man, don't let our middle-of-the-night chatter deter you...we were the only ones on here last night!

Damn Staight.

Hey truth I think new investors could learn more from our midnight ramblings, then they would from a video.

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#30) On February 12, 2012 at 5:40 PM, truthisntstupid (93.32) wrote:

Haha Now why would you want to get me started?

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#31) On February 12, 2012 at 6:23 PM, rd80 (98.29) wrote:

I like collecting dividends and M1 Garands.

Re marriage and money.  We work with a joint account, but carry two balances and treat it kind of like seperate. The checkbook shows her budget and MS money has mine.  Probably more complicated than seperate accounts, but it's been working for us for about 20 years now.  Key is communication and finding a system that works so each person has a budget and knows what they can spend. 

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#32) On February 12, 2012 at 9:30 PM, Starfirenv (< 20) wrote:

Troof, no I don't 'live there' per se but frequent inordinately.  Lots of friends, beautiful water, world class fishing and diving, a treasure trove of Mayan archeology- 90% of which is unexplored, etc.

Amen Amass.  Excellent. Probably the only comment on this whole thread worth reading.  I will attempt to add the second.
"After a lifetime of moving from collection to collection, which one or ones will still have personal value when time becomes more precious than possessions..."  AH, an awareness of how ones perception of value evolves. I went from collecting the, shall we say, "fruits of conquest", to collecting lifetime memories for my two girls (and myself). 

On this trip to BZ I am starting what I hope to be a new collection.  I have become very good friends with the parents of a very bright young lady who is graduating high school.  They are working poor with no hope of affording college for her.  She is in the process (unbeknownst) of having a scholarship fund being set up- contingent on continued academic success.  I expect this investment to compound exponentially for her, her young siblings, their future families, etc.  For a few k it's a no-brainer. This will go into my Bank of Karma folder which has been building for many yrs. I consider the fact that I'm able to do this as a "dividend".  When I dive I collect shellfish, grouper/seabass.  When I ski, it's G's, MPH and big air.  I used to collect State Crowns on the ballfield till my rotator cuff went away...

My collections of "tangibles" is, selfdestruct2,  not as fun or interesting.  Well, except the old motorcycles and 60's GM musclecars. Maybe the shiny stackable stuff and the old octogon barrel pump 22 rifles too.  The rest, meh.

Teacherman1 -  I know. I hear it daily from my daughter ( I'm "such a square" too),  but with good health, it's just a state of mind.  What do you collect?

 

 

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#33) On February 13, 2012 at 12:06 AM, HarryCaraysGhost (99.73) wrote:

Hey  ikkyu2

Took a look at CLCT.

I suppose I can see why you like it but with a payout ratio of 186% I'll stick with my KO. (remember man, I'm looking at twenty years)

Cheers.

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#34) On February 13, 2012 at 2:04 AM, Starfirenv (< 20) wrote:

Doh! I forgot firewood ( there is nothing finer than a stove in Feb at 5000") and building materials, hey, it's fun building stuff.

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#35) On February 14, 2012 at 10:46 AM, Teacherman1 (47.67) wrote:

Truth

Don't know if you saw this or not.

http://newsletters.fool.com/18/coverage/extras/2012/02/10/invest-in-the-future.aspx

Now you can read it, instead of watching it.

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#36) On February 22, 2012 at 1:36 PM, ikkyu2 (99.36) wrote:

Hey, thanks, hadn't looked at the payout ratio for over a year.  Agree there's something hinky about CLCT's recent numbers.  Sold my stake.

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#37) On February 22, 2012 at 6:42 PM, HarryCaraysGhost (99.73) wrote:

Does seem funky-

http://caps.fool.com/Blogs/update-out-of-clct-today/712562

Put this up here to see what happens.

 

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#38) On February 22, 2012 at 7:07 PM, HarryCaraysGhost (99.73) wrote:

  Starfirenv AKA-

My collections of "tangibles" is, selfdestruct2,  not as fun or interesting.

If I had known... I would have been commenting more on selfdestruct2,  blogs...heh,heh.

That is totally awesome what your doing for that family in BZ, if you think about it, your dividends could compound enough to change the whole community in short order if the whole pay it forward technique is applied.

Have fun lionfishing.

Truth, your probably back to work by now, (I guess with this wheather it would be called seasonal even thou it's FEB)

Looking forward to the day we can have your retirement party.

Welp... thats all folks

I have the daunting task of collecting worthless fantasy baseball stats in preperation to my drafts. It's amazing how similar it is to stocks.

Maybe I'll do a blog on the matter...?

Cheers.

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#39) On March 07, 2012 at 12:05 AM, Starfirenv (< 20) wrote:

Done deal.  I tried to be anon but since continued academic success is the (only) condition, I think the cat with be out of the bag.  [toast, clink, rum w/fresh mango pina juice] "To compounding "interest'."

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#40) On March 14, 2012 at 2:14 AM, Starfirenv (< 20) wrote:

man, I ran into a pile of lionfish that had a really bad day. New record- befors b'fast and it just got bet-tah (local lingo). Kinda funny- folks pay huns to have in their tank and they represent tacos to me.  Cool shite (got flagged)  Belize.  It's all about the peeps and it been working for me since '78. Yah mon as they say here. I-ree works for me.. Jah se so, me bruddas.

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#41) On March 14, 2012 at 2:15 AM, Starfirenv (< 20) wrote:

man, I ran into a pile of lionfish that had a really bad day. New record- befors b'fast and it just got bet-tah (local lingo). Kinda funny- folks pay huns to have in their tank and they represent tacos to me.  Cool shite (got flagged)  Belize.  It's all about the peeps and it been working for me since '78. Yah mon as they say here. I-ree works for me.. Jah se so, me bruddas.

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#42) On March 14, 2012 at 8:00 PM, HarryCaraysGhost (99.73) wrote:

man, I ran into a pile of lionfish that had a really bad day.

HA,HA Nice Man!

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