Would you spend 15k on a fully functional M1 Thompson even if it meant decimating your savings?
Would you spend 15k on a fully functional M1 Thompson even if it meant decimating your savings?
Is it your money or mine? If it’s your money hell yeah im spending it. If it’s mine no I’m not. I want some land. If you really want the gat get a loan if all you have in cash is the cost of the gun.
M1? No. Fully functional Colt 1921AC? That'd be a bargain, those usually start at 40k.
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Hell no.
Never go into hock to buy a gun.
Have you shot one before? Id be sure you shot one first, maybe a few times. Thompsons are cool to look at and talk about but I think they kinda suck in person. M3 grease gun 10x more fun.
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No. For any firearm.
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Last edited by Arik; 09-24-20 at 05:50.
On one hand it us an investment. The M1 is not gonna lose value. It will increase.
On the other hand, you will not likely see a skyrocket return in the short term. The increase in value should beat the rate of inflation but by how much? Your money is locked up and it would take a while to get it out when you decide to sell.
As your only investment and at the cost of all your savings? I would say no, unless you are looking at being able to replace those savings in very short order.
Only if its disposable income. If you have debt and /or have to Drain your emergency fund, keep saving.
Thompson values have been somewhat stagnant for the past 15 years. I would not view a Thompson as an investment, unless it’s a rare gun or one with unique provenance.
OP, if you’ve never shot a Thompson you need to do so before buying one. I personally don’t enjoy shooting them. Every now and again I get the urge to own a 28 or a war time m1. Then I shoot one and am reminded that I don’t like them.
If buying a Thompson, there are many many important details to consider. At $15k it’s likely a West Hurley, which may require some work and some parts swapping to get it functioning. I would buy a genuine WW2 28, M1, or M1a Thompson over a WH gun.
Last edited by JoshNC; 09-25-20 at 20:36.
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If you spend all your savings because you want something rather than needing something, you will never have savings when you truly need them and someday you truly will need them.
Buying a gun as an investment only works if you really don’t mind selling it. This sounds to me like you want it too badly to easily make that economic decision.
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