?

Log in

No account? Create an account
TGR, Gutenberg, Rubric

March 2015

S M T W T F S
1234567
891011121314
15161718192021
22232425262728
293031    

Tags

Powered by LiveJournal.com
TGR, Gutenberg, Rubric

SELLING MY ASSets OFF

I've been working on trimming my economic footprint (thanks to Microsoft and a sudden stroke of common sense). That means that I'm not only acquiring less, but I'm getting rid of stuff that I don't really need. As much as possible, I'm selling my assets. The only problem is that what I thought were assets turn out to not be worth much.

I'm a big believer in holding on to investments long term. Take that 100 shares of American Eagle Title Insurance stock I acquired back in 1986. (Not the one in Oklahoma founded in 1994.) I did some promotional work for a company that was brand new and offered to give me stock in the corporation in exchange for what turned out to be a really nice looking newsletter. Dollar a share. I figured it was a good opportunity to get in on the ground floor. Well, the company went out of business, oh, 25 years ago. My stock certificate is worth $0.

Seems like a lot of assets that I've held onto I should have sold in their prime. I'm sitting with a couple of boxes of Macintosh software (some of it still shrink-wrapped) that won't run on any current Macintosh and is no longer upgradeable. I kept thinking that someone would be interested in the historical aspects of it, but it turns out that I'm the only person I know who has an interest in things like the history of desktop publishing.

And don't ever think that art is an investment. Any given piece of artwork is worth exactly what someone will pay you for it, and that has nothing to do with what you paid for it or what a Gallery in Maine is offering it for.

I've even been thinking about selling my body. Hey, I have to get some income somehow. But it turns out that I've held onto that asset too long, as well. Like my 1966 Renault (back in 1973) it's worth more for spare parts than as something anyone would want to drive. And it's not worth much for the parts. I should have started selling my body back in the 70s when it was potentially worth something. People were still driving gas-guzzling behemoths back then and I would have fit right in.

So my new goal is to use up my assets, enjoy them for as long as they hold together, and then dispose of them graciously and hopefully in an ecologically appropriate way. That includes the asset I was born with.

Comments