What Should I Invest My Retirement In?

John, I would had to agree!

This rating system is to close to call. Over the last 3 months, I purchased 3 ultras an one was dull and obviously a crumb bun, I returned it and received a real beauty. Now I dont dare have these graded, for fear."What if"I think I'll buy a pretty coin with half and secure the other half till things stabilize and the buy some slates. This is scarer then waiting for for my jurys to come back!

 

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I forgot to run this one by You. An elder client bought 2 of everything from the mint. He would sell sell His second in years and always seem to be smileing! A lot can be learned from our past!

 

correct me if I'm wrong...

The value of the dollar is inversely related to the price of metals.

I.e., the price of metals goes up when the "dollar goes down." After all, if a dollar is worth less today than yesterday, then, clearly, it takes more dollars to buy the same amount of gold today than yesterday.

What I'm unclear about is how closely is the dollar's value correlated with what the economy is going.

Anyone know if the dollar has been going down lately?

I presume it has. Is it related to the fact that we're in a depression?

I don't know.

But I do know that we have the worse economic recession since, perhaps, the Great Depression -- and that metals are at an all time high.

OTOH, however, I haven't seen anyone talk about that inverse relationship lately.

When the dollar goes back up, metals will take a hit. Will the dollar necessarily go back up when the economy recovers? I have no idea.

Don't listen to me -- listen to an expert. But if you do get the ear of any expert, ask him/her about this inverse relationship.

 

Agreed.

 

And depending on what time period he bought the coins bought from the mint, and what "all" is, he will probably lose money on most of it.

Some commems and proof sets from a few years did well, but many items remained close to the same or lost value, especially if you factor inflation in.

Now gold from the mint on the other hand.............

 

CD's aren't even paying 2% these days... most often a heck of a lot less. I'd go with real property, if I wasn't lucky enough to snag a 5% rate 3 years ago on my CD that's what I would do.

Real Estate is the way to go IMO.

 

Will Rogers used to say: "Land is the only thing they're not making any more of!"

 

Stated before... diversify your portfolio... in numismatics you might want to throw in some gold and platinum bullion with some High grade key date morgan dollars or Lincoln cents... they seem hot.

 

I have to agree, Diversify seems to be the key. I'm buying my first Buffelo. At least they are pretty. What about a few of each? They all are seem to be acting the same?

 

NO coins for retirement. Buy a duplex or small apt. building. Get a 15 year loan and it's paid off and you live off the rental income. Coin prices go up and down. In Calif rents never go down. That's how Jerry Buss bought the LA Lakers, LA Kings and the Fabulous Forum, he started with a partner in a small duplex. Every wealthy person owns lots of real estate. The more wealth the more real estate. The only real coin guy to buy a sports team was Bruce McNall (bought Kings from Buss), and he spent 5 years in a federal pen for fraud. He's broke as I type this. NO coins for retirement.

 

Seems like sage advice, but explain how to do it on $1800/month.

 

Whatever you invest in, buy low, sell high! I'm selling gold at the moment.

 

Not sure that he can.

If I understand his posts he has bought 3 UHR's which equals $5,000. Now he wants to buy 3 more buffs which equals another $5,000. $10,000 cash down payment might buy a small rental house from someone in default, who will sign the house over to him to save their credit rating, and maybe put a few dollars in the distressed sellers pocket. Heck some small town banks might do the same thing on their REO's. Banks really don't want to be landlords, they want someone to take over the defaulting sellers mortgage.

 

Sorry Mr. Monitor, but I still cringe when I see the title that defies proper English grammar to the max.

I should not receive a demerit for commenting on this most disturbing and distracting offense. We may not all be masters of the King's English, but this is absurd!

As I noted in the bleeped text, move the last word to the beginning and you have "In What Should I Invest My Retirement? Ahah, that is most pleasing.

 

Water Filters!!!

 

sometimes a forum post can be taken the wrong way, I kinda cringed when I saw the "unedited" version. I'm sure he didn't intend for it to sound quite as bad as it did.

 

You are correct--I just wanted to be helpful.

The "cringe factor" in the thread heading may not be offensive to most forum participants, but to me it is like a fingernail going across a chalk board!

YUCK!

 

I would have to agree. We bought our home for $180k 16 years ago. when $$ was cheap. We took a small second. Got stuck with $1800/ mo with ins, not including taxes and insurance. We offered a deed in liu of forclose. Got served suit. Walked away. Now leasing a waterfront home, inground pool for $1100. I am now negotiating a lease/option while I fish for bass in my back yard.

 

As in The Silence of the Lambs??? (shear) or, pehaps you mean sheer.

I assume this was a mere typo or a misspelling. I often have typos too, primarily due to fat fingers.

It seems as if you have a great living environment -- relax and enjoy.