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by 3chelon
2709 days ago
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Of course not, it's an insane argument. To end up with a decent retirement fund, say $1.5m, you'd need to buy 50k units and store them for years. Whether you could even get hold of such a large quantity would be questionable, but when it came to shifting them you'd encounter a huge liquidity problem as you single-handedly flooded the market and watched the asking price plummet. I think the only feasible way would be to use them as retirement income rather than a lump sum, by trickling them onto the market at the rate you needed for your weekly income. |
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> I think the only feasible way would be to use them as retirement income rather than a lump sum, by trickling them onto the market at the rate you needed for your weekly income.
I know of a guy who has inherited an ENORMOUS collection of old hand tools. He's been dripping them into the market via online auction website for well over two years now. Every week he just lists a few chisels, some hand planes, a saw or the like netting, by my estimate, around the average salary.
While this is a good strategy - he gets the fair market value of each and every tool, instead of selling in bulk at a huge discount - this is also almost a job: taking pictures, setting up the auctions, accounting, packaging, and sending the packages, possibly resolving disputes.