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Posted by Paul
on 11/9/2009, 1:55 pm, in reply to "When is it time to stop collecting......."
67.169.103.10
Logically the time to stop is well before you die so that you can gradually dispose of what you have for the best return possible. But realistically, I think that the time to stop is simply when you have no desire to acquire more, and I think for some that may not occur until death. For others, they naturally feel less and less inclined to acquire more at a time when they feel they no longer need it or want more. When that happens, you'll just feel it.
My father-in-law, who is almost 92, just leased a new car on a three year lease. Why? He didn't need it, he just wanted one. But in a way, I think it somehow helps to make him believe he'll still be around in three years.
--Previous Message--
: There comes a time when you have to start to
: number your feathers like my favorite
: rooster Foghorn Leghorn .
:
: When you get to be close to 75, collecting
: more models does not make a lot of sense
: unless you think you live forever or someone
: close really wants them after you are gone.
: They certainly are not and never will be the
: great investment I told my wife and children
: about. Many will end up in some remote
: auction for $5 or less apiece, as experience
: shows over and over again, even I you got
: one for an idiotic bargain at $600.
:
: So when is it time for a collector to stop,
: reverse the engines, and retire? This is
: not a morbid thought, but there are no easy
: answers.
:
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