Jpm: the average net worth of a 50 year old is 50k or so, most people don’t have 1k in the bank, I’m not talking institutional scale investing , I manage 2 bil professionally , there is plenty of liquidity for the little guy to buy and sell or keep and smoke. The long term stock market gives you 7-8% /yr . It is my conclusion that you will do much better in tobacco over the next 10-15 years . Most importantly if you plan on smoking it anyway it all becomes a present value versus future value calculation.
I am of German descent, hoarding and saving is part of my history and life. When my family went through the Weimar Republic and ww2 they lost everything of supposed value, except the gold. When you go thru something like that you are trained to stockpile essentials (ie tobacco) when times are good. It’s the wise thing to do . It sure is better than owning bonds at 3% interest rates, backed by only the promise of the gvmt.
I’ll take my $15k cellar acquired in 2016-2017 against any well known investment index for the next 10 years . The unrealized gains are at least 5k already, thank you McC nuts.
