I'm back.

Short term is never the way to make money on investments. You stand a FAR greater chance of losing everything than making money.

Only someone who has no experience investing and no business knowledge would suggest such a thing.

 

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That's what I was going to say , guess you beat me to it .

 

BRILLIANT! All you have to do -- ALL you have to do -- is know when to make the right moves. In other words, know when an investment is going to move up or down.

In other words, accurately predict the future.

Sure, short-term gains can get you ahead. But short-term losses will knock you flat. And, unless you've got that crystal ball, you can not consistently lock in the short-term gains and avoid the short-term losses.

It's possible that you have come out ahead in your investments, possibly for several years. In fact, if you got in around 2008-2009, you've probably done great, just like the chart @geekpryde just posted. But the next time a 2007-2008 comes along, you'll be a sad, sad panda.

 

overall I have gained money. I've taken some big hits and made some bold moves and taken large amounts of risk that would scare the living daylights out of people. some paid off some did not. I've always set aside money to use as a bankroll for investments. I've lost everything 2 times so far from risks that did not pay off. But right now I'm doing just fine. I'm up $15,000.

I don't recommend this sort of investing for anyone. I have a lot of connections between family and friends in high places in the financial section. To be successful doing this you need to be fearless and you need to be smart. Or you are going to lose everything.

 

Save your breath @geekpryde . This isn't the first tidbit of bad advice or bad wisdom that we have read, and it won't be the last from josh's coins. (shrug)

 

It's about "COLLECTING" not "INVESTING"

From the investment standpoint, no COIN DEALER is going to hold a coin in inventory for 22 years.

IF by chance, you knowledge of investing in stocks/bonds or whatever, equals what you've learned regarding coins since you first graced the CT pages.........,

.............I'm hoping you learn something at College but I ain't holding my breath since, in your owns words: ".......I have not decided what exactly I am going to college for.........", it doesn't sound like you have any idea about what to do.

 

It also depends on just how many 'eggs' one has to put in into various baskets. Your view could be sensible for someone younger who can keep a close watch and make moves to grow that basket in size rather than diversifying into a large number of things but having very few eggs in each one. Once the amounts have grown diversifying could be done when it becomes too risky to be placing all assets into one class.

 

Gee thanks

 

Looks like someone here actually understands.

 

Josh..just wondering what kind of "short term" you are doing? Futures? Options? Simple day trading?

 

Ti...Ti....Timmah!!!

 

The point that seemed to have been lost along the thread is:

I'm not looking to base my retirement on rare coins, but make them 10-20 percent of my portfolio.

The point with investing....the whole market may not crash, but it CAN crash.

There is always a possibility.

Think of it this way...if you got ready to retire...and the recession of '09 hit, your entire portfolio would tank quite a bit.

Yet your rare coins would not have lost much value, if any.

I don't see a 16-D dime being worth $20 30-40 years from now.

I don't think they are a great investment, but they are not a bad investment.

If you had bought rare coins when you were 20, and retired in 2009 (so that's a good 40 years back), the money you gained on your coin investment would negate the portfolio loss from a recession or a depression.

 

What sort of experience do you have in investments?

 

I wouldn't count on it, but hope springs eternal...

 

I'm getting pretty tired of being treated like a little kid who does not know a darn thing about anything. Sure I might not be old enough to have a drink at a bar but that doesn't mean that I don't know my way around the block. If you were to meet me in person you might just walk away thinking I was a very wise gentlemen. ( I mean wise via wisdom not being a smartypants)

To think that all young lads are a bunch of idiots who do drugs and play video games all day is the same sort of ignorance that gives you the notion that black men are inferior to whites. Sure it is an extreme comparison but I think it gets the point across. Not everyone fits stereotypes and in some cases most people do not. That is the case for my generation. I'd say that maybe a quarter of my generation very well fit the stereotypes but the rest of us are seeking knowledge and preparing to change the world. Who knows you might end up working for someone my age very soon.

I'm almost 20 and I'm a founder and ceo of 2 companies. I already employee 3 people 1 of whom is a man at the age of 55.