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Ok, Ok.....And I did use the search.
What do you guys think about maybe buying boxes of limited cigars and aging them for 5-10 years, and selling them then. If you think about it they are not making any more of these, and the cost for upkeep, and maintenance costs are virtually zero. How can you go wrong?(unless you smoke them) It is just an idea I had.
If it is not a bad idea, what brands, types would you think could work??
No offense, but smoking to me is a hobby. If say in 10 years I am sitting on a stack of smokes that are excellent, and may be worth more than I paid for them, I would be more inclined to gift them to friends that I know will enjoy them, or at most sell them for what I paid for them.Quote:
Originally Posted by john51277
It would also be a tough sell because unless it was stored in very tightly controlled conditions (and you can prove it), it is basically worthless. The longer (generally) that you age a cigar, the more the conditions that it was stored in start to play a factor.
I am not collecting cigars to profit.
Lame dude ,really lame.
I have ten year old cigars in my stash. It's called a stash because it is all for smoking and not for (poser) collecting.
I doubt I could ever sell any cigars for a profit but I will glady trade and gift them away.
I'll be honest - the idea has occured to me. But I decided it was a flawed business plan, because I'd be in there smoking up the profits. That and people generally aren't all that willing to pay a premium for aged domestics. If you could lay in some premium Habanos, maybe.
Also, I read somewhere that a good portfolio can double itself (grow 100%) in like 9 years. Suppose you buy a box of Cuban premiums for $300. Can you sell them for $600 when they're nine years old? Probably. But who knows? Maybe Cubans are legal by then and after the initial rush, production meets demand and the prices aren't what they used to be?
You might be able to pull this off. Problem is, you'll need to lay down some serious capital to start up with if you hope to make any appreciable profits down the road. You'll face dangers from gov't seizures (if they're Cubans, which they'd almost have to be), beetle dangers (you'll HAVE to freeze), and all sorts of other things that can go wrong.
Just a lot of negatives. Better to buy a box, tell yourself you're going to age it for 5 years, then smoke everything after 18 months. That's what I do.
:smiley36: :smiley36: That is so true.Quote:
Originally Posted by aceswired
Hell, there goes that stupid idea. I should not have had those after dinner drinks. Makes me think a lil funny sometimes.
I'm with Kevin7 on this one. I do not collect cigars to turn a profit down the road. Yes, I do collect cigars but for a different reason. I love to share with my friends. I am sitting on a box of LFD smokes that was made only for the B&M shop I go to. If I remember right, only like 36 boxes was made and all of them was sold with some allotted to being single stick sales. Each box contained 20 sticks. Let me tell you these little gems are gonna rock 10 years from now and it will be a real treat to share them with people as of right now, they are absolutely great smokes. I also like to share smokes that have been aged with others that will appreciate them and we work out a nice trade that both of us are happy with the terms. But never for profit as I see that as bad form.
I will say this. There are a few that do this on the cigar forums with pretty hard to find smokes so you are not the only one to have thought this.
I generally end up aging cigars by default, through not finding the time or a special occasion for the higher end / larger sticks (think LEs and and Torps). When I do finally get to them it is a real treat.
Not only do individuals do this, but some on-line sites do as well.....case in point Oliva MB 1's and cigar.com!! I agree with K7 and Mr Peat, the reason to collect cigars, imho, is to share them and enjoy them yourself....not profit. This is the philosophy that I have had for many years in all my collections...brewery advertising, autographed hockey pucks, and now...cigars. I have some stuff that I could definitely sell for a gigantic profit, but that is NOT why I collected it in the first place and my intentions are to will it to my children or donate the things to a museum when I can no longer enjoy them, especially the brewery stuff.
Someday if I hit the lotto i will build a house with a celar to store vintage ports and a a room with enviromental control to store the Pre-Castro Cuban cigars. Oh yeah since I will have won the lotto the house will sit on a lot of property with a HERF house with room for 50 or so not too far from my main house.
But for now my humi and Monti # 2 will sufice :smiley2:
ahh...don't feel that bad....obviously if some other people and online sites are doing it, it wasn't that bad of a deal. It just might not be as profitable as you expected due to factors that you can't control.Quote:
Originally Posted by john51277
do u always let others decide your plan of action?Quote:
Originally Posted by john51277
:smiley21: :smiley21: :smiley21:
I have some cuban cigars from 2001-2002. I never bought them with the intent of even aging them. I have thought about aging some just because they are supposed to taste better. To sell them for profit? Maybe if they were worth crazy mad money and I could reinvest the cash in a way greater quantity of cigars. I don't know though if cigars have specific aging points like wine where there is a consensus that they taste better at that point. Just my thoughts on the topic.