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Last post 21 years ago by SteveS. 20 replies replies.
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mhollowa Offline
#1 Posted: Fri, Dec 13 2002, 4:58 AM EST
Joined: 10-03-2001
Posts: 517
What do you do when a cigar in your humidor is getting bids higher than the price you paid for it? Do you smoke it or save it? If you smoke it, do you smoke it at the price you paid or the bid it's attracting now? If you save it, why?
GetYourOwn Offline
#2 Posted: Fri, Dec 13 2002, 5:57 AM EST
Joined: 04-05-2002
Posts: 734
As soon as you drive out of the lot the value decreases a substancial amount. Your used product will never attain the value of the newer models coming out. Sorry.
RobertParrott Offline
#3 Posted: Fri, Dec 13 2002, 6:04 AM EST
Joined: 06-27-2001
Posts: 344
You cut it in half, then save the first half and smoke the second half. or save the second half and smoke the first half. or save both and smoke them later. hmmmmm what was the question again.... I smoked the first half already.
Slimboli Offline
#4 Posted: Fri, Dec 13 2002, 6:13 AM EST
Joined: 07-09-2000
Posts: 16,139
GetYourOwn --- of course you know that rare or limited-production cigars will appreciate in value ...
GetYourOwn Offline
#5 Posted: Fri, Dec 13 2002, 6:30 AM EST
Joined: 04-05-2002
Posts: 734
Sorry Slim but when the guys post says:

"If you smoke it, do you smoke it at the price you paid or the bid it's attracting now?"

I didn't consider it a very serious question.
eleltea Offline
#6 Posted: Fri, Dec 13 2002, 6:42 AM EST
Joined: 03-03-2002
Posts: 4,562
I buy at wholesale and smoke at retail or retail plus markup.
mhollowa Offline
#7 Posted: Fri, Dec 13 2002, 7:37 AM EST
Joined: 10-03-2001
Posts: 517
GetYourOwn...not serious? I'll rephrase the question. If you had two of the same cigar: one you paid $1 for and another you got for $2 (it happens all the time on CBid), and you smoke one, do you smoke the $1 or the $2? It's an inventory question.
mhollowa Offline
#8 Posted: Fri, Dec 13 2002, 7:38 AM EST
Joined: 10-03-2001
Posts: 517
eletea...Thanks. I thought so. I think anyone would.
eleltea Offline
#9 Posted: Fri, Dec 13 2002, 7:47 AM EST
Joined: 03-03-2002
Posts: 4,562
Considering the re-phrased question, M, you might want consider smoking two at the same time (for example if they're robustos you could consider two to be the equivalent of a double-corona) in order to dollar-cost average them, so they would be 1.50 each in your example. If you smoke the more expensive one slower, you could actually end up with a rebate.
eleltea Offline
#10 Posted: Fri, Dec 13 2002, 7:53 AM EST
Joined: 03-03-2002
Posts: 4,562
"...want TO consider..."

pardon my ellipsis.
mhollowa Offline
#11 Posted: Fri, Dec 13 2002, 7:54 AM EST
Joined: 10-03-2001
Posts: 517
...the same "cost averaging" method would apply to three or more but that would be a tough puff.
efm Offline
#12 Posted: Fri, Dec 13 2002, 3:25 PM EST
Joined: 01-23-2001
Posts: 499
I'd smoke the older one first.
dhofer22 Offline
#13 Posted: Fri, Dec 13 2002, 3:29 PM EST
Joined: 04-14-2002
Posts: 192
YA'LL have got to be joking!!!
tarheel4lyf Offline
#14 Posted: Fri, Dec 13 2002, 4:48 PM EST
Joined: 09-23-2002
Posts: 2,543
smoke 'em if you've got 'em. You can't put a price on personal enjoyment and satisfaction.
defcon Offline
#15 Posted: Fri, Dec 13 2002, 6:28 PM EST
Joined: 10-23-2002
Posts: 110
depends on whether you are using LIFO or FIFO cigar accounting practices.
Tobasco Offline
#16 Posted: Fri, Dec 13 2002, 6:58 PM EST
Joined: 02-08-2003
Posts: 2,809
I dont care what they go for after I buy them. I dont plan on selling them so what does it matter? I usually buy 5-packs,smoke one & put the others in the humi for a little aging. Why worry about somthing that you cant change? Maybe if I bought a box of expensive premiums, I may look for curiousity later to see how I did. But for cheaper smokes,buy em, smoke em, & forget about em!!
Mag

PS: Im scalping tix to the E-Chick vs Slim Match-up. Let me know if you havent gotten yours!!
SteveS Offline
#17 Posted: Fri, Dec 13 2002, 10:07 PM EST
Joined: 01-13-2002
Posts: 8,751
Strictly FIFO until about a year ago when I began a bit of LIFO methodology for the first time and now have a number of year+ old smokes in my humi and have been trying to add to that quantity on a gradual basis ...
RICKAMAVEN Offline
#18 Posted: Fri, Dec 13 2002, 11:20 PM EST
Joined: 10-01-2000
Posts: 33,248
tarheel4lyf

yes you can. figure $100.
RICKAMAVEN Offline
#19 Posted: Fri, Dec 13 2002, 11:23 PM EST
Joined: 10-01-2000
Posts: 33,248
ellipsis
lifo
fifo
tough puff

that pretty much answers all my questions about ufo's
rookie139 Offline
#20 Posted: Sat, Dec 14 2002, 12:03 AM EST
Joined: 03-02-2000
Posts: 2,149
wow...some people have wayyyyyyyyyyy too much time on their hands to worry about stuff like this..What's the difference??!...LMAO!
SteveS Offline
#21 Posted: Sat, Dec 14 2002, 7:09 AM EST
Joined: 01-13-2002
Posts: 8,751
LOL @ Rookie ... yeah, well I'd never have thought of what I was doing with my cigars as a LIFO or FIFO issue, but I DO understand what they mean and when someone else raised the point in what I thought was a humorous way, I responded in what I hoped would be humorous style ... guess it didn't work so good, huh?

LIFO means "last in, first out" and FIFO is "first in, first out" ... they're acronyms that are used by accountants regarding inventory management ... in common, everyday practice, the grocery store, for example, rotates it's stock so the older stuff is moved out first ... FIFO ... if you buy some cigars and smoke them right away while leaving older ones to age even more, that's LIFO ...
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