Other than an occasional purchase of tobacco I'm pretty much done with purchases of pipe related stuff. Probably don't spend $300 a year.
Do Economic Downturns or the Stock Market Affect Your Buying Pipes?
- Thread starter mikethompson
- Start date
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nope don't pay attention to that. I get sick of hearing about the stock market too, well as thee main economic indicator. To my mind that's like going into a physical having the doctor weigh you and say you're healthy or not. What about every single other thing that can be tested or looked at? And it's also not really what you would call stable anyways.
It may not make you rich, but a useful adage is, don't trade on market fluctuations. Either work with a certified financial advisor you have reason to trust, or do due diligence in finding companies with solid earnings, cash reserves, and if possible, dividends. Balance equities, mutual funds, and bonds, and don't churn the account with every up and down. Or at least, that's what my dad, who worked in the bond business said. He spent his time at home in a lumberjack shirt, smoking his pipe or chewing tobacco, and gardening.
I haven't had a pipe catch my eye in a shop for many years, I've plenty to smoke so I do not shop for pipes. So, current economics have no impact on such purchases.