Am I just another bandwagon sucker?

I do not think that you did poorly at all. But you should not expect to buy it tuesday and sell it friday for a profit. The way silver has been doing lately that might happen, but I would not count on it.

 

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It's only a bad buy if you were looking for short tem investment. Had I bought $650 in silver bullion when I was in high school it would be worth thousands of dollars today. I did buy some 5+ years ago and am pleased with it's current value. Over time PMs will trend upward. At what rate is anybody's guess. You're off to a great start!

 

The way I see it, you spent your money on a commodity that will always be worth something, be it more or less than your initial investment. You could have, being a teen, just as easily spent that money on movies, cd's, girls and clothes, in which you would have never gotten a dime back from in the future. So, the way I see it you're already ahead of the game.
Guy

 

Usually for most coin newbies, at least 2 out of the first 3 responders say "buy the book before the coin". I will do that here. Investing, rather in precious metals, commodities, stocks , bonds, etc. is extremely risky. Buy a book on stocks, options, and futures, or borrow some from the library and read them. Welcome to the forum!

Jim

 

Jim, is there an author(s) or title(s) you respect enough to recommend?

Thank you, Lucy

 

Lucy, for a first read, I would recommend the book "The Faber Report" ( CNBC's the "Brain" tells you how Wall street really works and How you can make it work for you ) by David Faber. ISBN" 0-316-08742-4.

I always enjoyed him and his reports on CNBC, and the book is written for a beginner and gives great insight as to pitfalls and solutions. I wish I could have read it 20 years ago, but it wasn't written then. Even if a person never places an order for stocks, this seems a fair and honest presentation.

Jim

 

I will give it a read! Thank you,
Lucy

 

Cubenewb, you most likely know more than I do so I'm just going to follow this thread and learn what I can. Thanks--zeke

 

i agree as well its high but i think and nearly all economist do as well that we have at least 2 more years of crap economics maybe even more.

 

I would also read "The Intelligent Investor" by Benjamin Graham. It is a classic, easy to read, and perpetually good advice.

 

Thanks for the recommendation