Comments on: Don’t forget to load up on Forever Stamps this week!

By: J. Money

J. Money — Mon, 04 Feb 2019 19:52:42 +0000

In reply to DNN.

Well, I wouldn’t go that far haha…

They’ll def. be *worth* more, but not as a “collectible” with how many billions they make every year!

By: DNN

DNN — Sat, 02 Feb 2019 01:22:32 +0000

Certain kinds of “forever stamps” are almost or sold out by the time you stand on that long post office line waiting to mail off big boxes and wanting those stamps. Some of this [forever stamps] are going to be worth some money in the future. Best now to buy and keep them in plastic wrap to perhaps sell at an auction 10 to 20 years from now.

By: J. Money

J. Money — Fri, 25 Jan 2019 11:51:17 +0000

In reply to Revanche @ A Gai Shan Life. Six is > none :) We only ever seem to have the Flag designs here... Didn't even know there were other types of Forevers until a year ago, haha..

By: Revanche @ A Gai Shan Life

Revanche @ A Gai Shan Life — Thu, 24 Jan 2019 06:12:40 +0000

I loaded up! Sadly I didn’t get all the designs I wanted but I got six sheets anyway.

By: J. Money

J. Money — Wed, 23 Jan 2019 19:43:51 +0000

In reply to Jason Butler. Ahh yes, it definitely doesn't do you guys any favors! Or really any of us who aren't turning this into a hustle.. ;)

By: J. Money

J. Money — Wed, 23 Jan 2019 19:43:06 +0000

In reply to B.C Kowalski. Haha... I'm just going to assume you're right, and continue laughing for the fact you actually tried to annualize it like that (did I use that term right? :)). Something to note though would be that at least these are *guaranteed* returns for the near future vs the stock market (that 7% is better for longer-term), so me thinks this FSH would still yield excellent returns as a shorter term hustle (Forever Stamp Hack).

By: J. Money

J. Money — Wed, 23 Jan 2019 19:38:52 +0000

In reply to Chris. I want 10% of the savings, please!

By: Jason Butler

Jason Butler — Wed, 23 Jan 2019 02:10:26 +0000

As someone who resells, the price increases kinda suck. I’ll adjust my pricing accordingly.

By: B.C Kowalski

B.C Kowalski — Tue, 22 Jan 2019 22:15:21 +0000

If my calculations are right, it wouldn’t be much of a side hustle, but more lucrative than I thought. Taking the rate from 2011, when stamps were $0.44, and 2019, when stamps will become $0.55, over the eight year period that translates to 3.1% a year. Assuming the general stock market index average of 7%, and considering that there is no compounding interest (your interest isn’t calculated and awarded to you every year, you don’t redeem value until you sell the stamps), it doesn’t seem like the best side hustle.

On the other hand, selling stamps at a premium for those cool collectible stamps (my hand shakes every time I have to part with another Captain Kirk stamp to pay my mortgage), might prove more lucrative.

Also I suck at math though the exception always seems to be in FIRE math, so I think I got it right! There is a reason I write for a living instead of accounting, though…

By: Chris

Chris — Tue, 22 Jan 2019 19:45:48 +0000

Oh wow, I didn’t know that! Thanks for the advice.