Cigars as Investments

[Overproof]

I have other hobbies that I guess you could call 'Collectable' hobbies (records and sneakers). Both have limited and small batch releases along with regular and repress/re-issue releases. This type of product always brings hype which then brings investors.

I've never bought doubles in either of these hobbies to on sell..It's not that I haven't had the money to drop but I've bought them purely to listen to or wear. Similar to cigars I've never looked at buying them for an investment just to smoke now. Only time I've sold a cigar/s is because I don't like them or want to buy something different and I've sold them for RRP

Recently, I've though about buying a few boxes of certain LE's and regular production purely to age and sell later down the line for a profit but there's something that doesn't sit right with me. I'm not sure why or what it is though???

Maybe I know in myself that Id probably end up smoking them or selling them and spending the profit on cigars anyways??

I'm not too fond of the hypebeast matadors that care not for the art and culture but if that's what you do and your successful in doing it then who am I to knock the hustle ..

Do any here grip a box and keep others stashed away to flip?

Id like to hear from some of the members who have who have successfully sold "investment" cigars. At what point did you say to yourself OK I'm going to buy X amount , put them down for x amount of years and sell them when the time is right.

How do you judge yourself what a good investment will be 10 years down the line?

Probably best we keep prices and the likes withheld with respect to the forum.

[forgop]

Depending on the forum, you'll get the price policers who believe every good BOTL should always sell what they paid for them, not what the market dictates. Those same people don't seem interested in selling gold or stocks to us for what they paid either.

[tmac77]

I have bought many multiple boxes of cigars but never with the intent of selling down the road at a profit. Even if I do unload a box it is 99% of the time a trade for some other box of equal value. Like yourself I find it hard to abide by those who profess to be BOTL's and yet try to flip and sell boxes of cigars for profit.

[kiwiman911]

I will trde a cigar or a few but I have a very hard time to sell any of my ''kids'' like I like to call them. And if they are worth so much money that it would be feasable to sell them at a good profit , I would rather pat myself on the back for going deep on them and smoke them...and tell everyone that I can still smoke them because of my good guess of going deep on those

and maybe share a few

[Smallclub]

You want to compete with cigar merchants of Switzerland or UK? Good luck… Do you realize the number of boxes you must purchase now to expect a real profit in 10 or 15 years?

[Scroats]

I appreciate a good businessman. Although if you are serious about this, I would worry about capital and liquidity. You're taking serious bets on ROI.

I would also recommend listening to a song by biggie smalls, 10 crack commandments. Especially rule 4 to paraphrase loosely, don't smoke your profits.

[shlomo]

Never get high on your own supply!

[Jeremy Festa]

I have other hobbies that I guess you could call 'Collectable' hobbies (records and sneakers). Both have limited and small batch releases along with regular and repress/re-issue releases. This type of product always brings hype which then brings investors.

I've never bought doubles in either of these hobbies to on sell..It's not that I haven't had the money to drop but I've bought them purely to listen to or wear. Similar to cigars I've never looked at buying them for an investment just to smoke now. Only time I've sold a cigar/s is because I don't like them or want to buy something different and I've sold them for RRP

Recently, I've though about buying a few boxes of certain LE's and regular production purely to age and sell later down the line for a profit but there's something that doesn't sit right with me. I'm not sure why or what it is though???

Maybe I know in myself that Id probably end up smoking them or selling them and spending the profit on cigars anyways??

I'm not too fond of the hypebeast matadors that care not for the art and culture but if that's what you do and your successful in doing it then who am I to knock the hustle ..

Do any here grip a box and keep others stashed away to flip?

Id like to hear from some of the members who have who have successfully sold "investment" cigars. At what point did you say to yourself OK I'm going to buy X amount , put them down for x amount of years and sell them when the time is right.

How do you judge yourself what a good investment will be 10 years down the line?

Probably best we keep prices and the likes withheld with respect to the forum.

Mate, let's chat at Cigar Sunday soon!

You want to compete with cigar merchants of Switzerland or UK? Good luck… Do you realize the number of boxes you must purchase now to expect a real profit in 10 or 15 years?

True to a point, but I beg to differ Smallclub, I have bought multiples of boxes, not many though, and sold them for double the price only two years later. You guys may know of the few boxes of which this has happened too. This has effectively funded my next few purchases. Not something I actively sort after, but was pretty stoked with the outcome.

For argument's sake, of a release of 4000 boxes, I have sometimes thought, instead of buying a property, what if I speculated and bought 1000 boxes instead (if this were possible, I am quietly confident that it is) and then trickled them to market over 5 years?

Other than that, having friends in Spain, Italy, France, Andorra and the like, that can post the harder to find items in your market, also makes this a viable endeavour.

[Scroats]

I remember reading something about person in Hong Hong ordering over $115,000 Cuban davidoffs in the very early 90s.

Run some numbers.

[Habana Mike]

I've backed up on a few boxes with the thought they may appreciate over time. Based on past experience I'll probably end up smoking these at some point but one never knows.

That said, I've yet to sell any cigars though do occasionally offer up HTF for trade to friends that are looking for something I have. Typically leave to them what they want to reciprocate with.

To my mind, cigars are a less risky investment than equities as they rarely decrease in value.

[tmac77]

Mate, let's chat at Cigar Sunday soon!

True to a point, but I beg to differ Smallclub, I have bought multiples of boxes, not many though, and sold them for double the price only two years later. You guys may know of the few boxes of which this has happened too. This has effectively funded my next few purchases. Not something I actively sort after, but was pretty stoked with the outcome.

For argument's sake, of a release of 4000 boxes, I have sometimes thought, instead of buying a property, what if I speculated and bought 1000 boxes instead (if this were possible, I am quietly confident that it is) and then trickled them to market over 5 years?

Other than that, having friends in Spain, Italy, France, Andorra and the like, that can post the harder to find items in your market, also makes this a viable endeavour.

This is the sort of speculative buying practice that drives prices up and makes it hard for some to purchase those limited releases at the original price.

[dchapman]

I know someone who has profited from reselling boxes in the past and I understand some think that the recent Cohiba EL is a prime candidate for such a venture. I'm sure that if one knows the market a profit can be made, but I find the practice to be contrary to my purpose of smoking as many great cigars as i can get my hands on.

[Jeremy Festa]

This is the sort of speculative buying practice that drives prices up and makes it hard for some to purchase those limited releases at the original price.

Absolutely. While the cigars may come from Cuba, it doesn't mean that they are also socialist by nature!

Sent from my iPhone

[Overproof]

You want to compete with cigar merchants of Switzerland or UK? Good luck… Do you realize the number of boxes you must purchase now to expect a real profit in 10 or 15 years?

No, I don't want to compete with any merchant. What your expectation of a real profit is and mine is might be completely different. 1, 5, 10 years its just a figure.

[baragh]

I tend to buy more than I can smoke. I guess the idea that I can potentially sell them down the line gives me comfort that I don't need to rein in my spending.

[Overproof]

I know someone who has profited from reselling boxes in the past and I understand some think that the recent Cohiba EL is a prime candidate for such a venture. I'm sure that if one knows the market a profit can be made, but I find the practice to be contrary to my purpose of smoking as many great cigars as i can get my hands on.

Yeah I agree

[Ken Gargett]

Mate, let's chat at Cigar Sunday soon!

True to a point, but I beg to differ Smallclub, I have bought multiples of boxes, not many though, and sold them for double the price only two years later. You guys may know of the few boxes of which this has happened too. This has effectively funded my next few purchases. Not something I actively sort after, but was pretty stoked with the outcome.

For argument's sake, of a release of 4000 boxes, I have sometimes thought, instead of buying a property, what if I speculated and bought 1000 boxes instead (if this were possible, I am quietly confident that it is) and then trickled them to market over 5 years?

Other than that, having friends in Spain, Italy, France, Andorra and the like, that can post the harder to find items in your market, also makes this a viable endeavour.

i think any limited release, whether regional or whatever, where someone (possibly other than someone extremely well connected) could pick up 1000 boxes of the 4000, would suggest it was not eagerly sought after by the market.and profits unlikely.

if they are the sort of cigars that will increase quickly (cohiba DC LE 2003 or the sublimes from the following year, etc etc), then there will likely be small quantities but no realistic chance of cornering the market like that.

[mk05]

People buy cigars for different reasons. Whatever that prerogative is, I'm sure you will find others like yourself in it.

[Jeremy Festa]

i think any limited release, whether regional or whatever, where someone (possibly other than someone extremely well connected) could pick up 1000 boxes of the 4000, would suggest it was not eagerly sought after by the market.and profits unlikely.

if they are the sort of cigars that will increase quickly (cohiba DC LE 2003 or the sublimes from the following year, etc etc), then there will likely be small quantities but no realistic chance of cornering the market like that.

Indeed. The example is just for argument's sake, and obviously extreme. Even say 100 boxes. They double in price in 5 years. Property doesn't do that. Money talks and anything is possible.

Sent from my iPhone

[maxcjs0101]

I think i would end up smoking all of them.

But then all my cigars are regular production ones so..

[DoubleDD]

One of the worst investments I've made is cigars. Now only if I insured them against fire!

[Overproof]

i think any limited release, whether regional or whatever, where someone (possibly other than someone extremely well connected) could pick up 1000 boxes of the 4000, would suggest it was not eagerly sought after by the market.and profits unlikely.

if they are the sort of cigars that will increase quickly (cohiba DC LE 2003 or the sublimes from the following year, etc etc), then there will likely be small quantities but no realistic chance of cornering the market like that.

Even if you had 5 of the latter as an example. True, your not exactly cornering the market but you most certainly could sell them close to double. That's a pretty good investment at no no real effort.

I have doubles of some test press records which I know in the current market can sell for over 3x for what I purchased them for but I can't bring myself to part with them. I feel the same about cigars but some interesting points

[Dimmers]

Cigars as Investments ? Well yes...but only if my wife is asking

[cooper669]

I buy cigars to smoke, if an equitable trade presented itself I would be happy to do that but for now most of my stock are run of the mill sticks it might be a while before I have any HTF's someone would be interested in.

[leftimatic]

Folks collect fine wines and other alcohol to stare at, why not cigars too.

I buy em to smoke em myself. But to each their own.