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Pimco Bill Gross Collection Shown On Msn Money

 
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Author Previous TopicReplies: 7 / Views: 5,710Next Topic  
Rest in Peace
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United States
1806 Posts
Posted 04/15/2013   2:50 pm  Show Profile Bookmark this topic Add 1775mac to your friends list Get a Link to this Message
Quick video on MSN Money about return on stamps.

http://money.msn.com/money-video/de...=Relevancy#4


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Pillar Of The Community
United States
630 Posts
Posted 04/15/2013   3:56 pm  Show Profile Bookmark this reply Add yakboomer to your friends list  Get a Link to this Reply
"soaring returns on stamps"? Not my collection, for sure.
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Pillar Of The Community
USA
9747 Posts
Posted 04/15/2013   4:38 pm  Show Profile Bookmark this reply Add philb to your friends list  Get a Link to this Reply
i don't care about returns ..the darn things(stamps) keep me interested and give me something to look forward to !
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APS 070059 Life Member International Society of Guatemala Collectors I.S.G.C. #853
Valued Member
United States
252 Posts
Posted 04/15/2013   7:34 pm  Show Profile Bookmark this reply Add fotofila to your friends list  Get a Link to this Reply
Stamp collecting has been my passion for more than 60 years. monetary gain has never been my motive in this hobby. However, I have never lost any money when I sold my collections whenever I switch my interest from one country to another. The thrill of pursuing any stamp I want and the joy of finding and acquiring it is not measurable by any monetary units, whether it is gold or silver. Yes, I had investments in stocks and bonds and honestly I don't think I made much money. Enjoy your hobby and if it turns out to be a good investment, that is great.
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Valued Member
United States
465 Posts
Posted 04/15/2013   10:40 pm  Show Profile Bookmark this reply Add Crouse27 to your friends list  Get a Link to this Reply
It is exciting to see a stamp story on a major network. Kudos to Bill Gross for drawing in the media via the charitable aspects of his stamp disposal. Stamps being a hot ten year return of 200+% (as cited in the MSNBC video) is interesting. It may draw many new speculator collectors into the area, but what was not mentioned is that return was only for certain stamps. Stamps are like every other asset class. There are winners, break even, and losers. At least though with stamps the fun and joy is a great hedge for a lower return! I am not aware of any loss stocks and bonds that can offer the same hedge of joy.
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Pillar Of The Community
Canada
4605 Posts
Posted 04/16/2013   12:14 pm  Show Profile Bookmark this reply Add Bujutsu to your friends list  Get a Link to this Reply
Doctors have told me that there isn't a cure for me. I am a hard core stampaholic & postal historian.

Chimo

Bujutsu
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Valued Member
Canada
412 Posts
Posted 04/26/2013   6:33 pm  Show Profile Bookmark this reply Add NBSTAMPER to your friends list  Get a Link to this Reply
While it would be nice to see attention like this draw more people to the hobby, I don't think we need another speculative run by get-rich-quick investors as occurred in the 70s and 80s. It's probably not MSN's style, but it might have been better if a more thorough and balanced article had been broadcast.
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Pillar Of The Community
USA
9747 Posts
Posted 04/26/2013   6:38 pm  Show Profile Bookmark this reply Add philb to your friends list  Get a Link to this Reply
I agree, speculators are not in the best interest of our hobby...i consider Bill Gross a philatelist..lucky him..his collecting can be pure hobby !!
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APS 070059 Life Member International Society of Guatemala Collectors I.S.G.C. #853
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