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I respectfully disagree, MGs have an excellent record of return on investment over the last 31 years, and while legislation MIGHT change that, legislation changes could also impact 401k plans, mortgage interest deductions, and other financial investments that would have a much, much larger impact on your wealth (and assuming you are fully funding your retirement plan before buying a MG...which should be the case). In fact, right now the Administration and Congress are considering these exact types of changes as part of the overall tax reform/rewrite some hope to see passed by the end of the year. The good news (and the bad news) is MGs are not a significant part of politics for either party, so being ignored for the next 31 years is hands down (in my view) the most likely outcome when it comes to NFA laws impacting MGs.
I regret that I listened for years to old timers in the gun world say "MGs are not an investment" and then I actually talked to some people who knew something about money and investments. After laughing at me for thinking anything I owned wasn't an investment of some kind, and getting a fundamental understanding of what depreciating vs appreciating assets and the concept of money as a store of future value, I figured out I could have some fun with MGs and never do worse than I did when I "invested" in Ubid.com stock back in the internet bubble days. There aren't a lot of people who have become rich in the gun world, but the ones I know that have done the best own a collection of MGs.
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I know what you mean, there is a lot of bad info out there and it scared me away from buying NFA items for years, I wish I would have done my own research and bought into the MG market years earlier and a much cheaper price.
But MG ownership is a collectors hobby just like antique cars or fine art work, and is best classified as an Alternative Investment. Its done by wealthy people who have a passion for that hobby. While there is certainly money to be made and it can be a great way to diversify your portfolio, its important to recognize most collectors markets are highly volatile and increasing prices are completely depended on an increasing demand in the future. Compare this to a Traditional Investment, such as stocks, mutual funds, 401(k), etc...which are invested in corporations that turn a profit and pay a portion of their profits to their share holders called dividends. MGs are risky way for someone of lower financial status to grow their wealth as the value is locked up in the MG itself and the only way to access that value is to sell the entire MG, you cant sell 5% of your MG ever year for 20 years to help cover your retirement expenses like you would with a 401(k). There are also hidden costs of MG ownership that eat away at those returns, such as:
1) the cost to maintain them including replacement parts, new barrels, etc...
2) most work should be done by a professional gunsmith, I paid $700 to have the upper deck on my M16 milled and the lower reanodized, I think shipping was like $100 each way on top of that.
3) the cost of a good safe for storage, while required is highly recommended from both a financial and legal standpoint to prevent theft and access to unauthorized individuals.
4) cost of a trust and tax stamps
5) dealer fees when selling
6) insurance
7) most importantly the cost of ammunition, which can completely off set all gains you may see if you are a high volume shooter
Luckily, as you mentioned MGs are not a hot debated political item
YET, but IMO all it would take is another Vegas style shooting with a real
transferable MG and the party would be over for all of us. You saw how quickly the NRA and the Republican party threw bump stocks under the bus, they knew it would piss off bump stock owners but they are such a small percentage of gun owners it didn't matter, it was for the greater good of the gun community, well MG owners are an even small percentage.
Not trying to scare anyone away from buying a MG, but OP is new to the MG market and specifically asked about the financial aspects of it. I buy MGs because I love shooting them and its a way to take my interest in firearms to the next level, them going up in value is just an added bonus. I actually have no intention of ever selling them, I plan to pass them on to my children one day, to me the ability to exercise my second amendment rights to the fullest level possible is priceless.
http://machinegunpriceguide.com/