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<p>[QUOTE="adric22, post: 1597753, member: 38146"]I have been thoroughly unimpressed with the performance of my 401K since I started it 6 years ago. That's why I've drastically reduced my contributions to buy bullion instead.</p><p><br /></p><p>I would also like to point out that many young people do not have jobs that offer benefits such as a 401K plan. I wish somebody had shown me some silver bullion when I was 20 years old. I have tried and failed many times over the years to save money of any kind whatsoever. I would do really well for a month or two and then wind up using the saved money for something else. But buying bullion works better for me. Its less liquid than cash so I don't end up spending it, but is more liquid than a 401K so if I have some sort of emergency I <i>can</i> get to it if needed.</p><p><br /></p><p>Bullion also has another BIG advantage for me. It allows me to participate more. With my company 401K I basically get to pick from 4 different investment options. That's it... pick A, B, C, or D. And I get a quarterly statement telling me how much money I lost in the market. Fun, fun fun, huh? </p><p><br /></p><p>With bullion I can buy all kinds of different stuff and actually get to hold it in my hand and appreciate it. Also giving me an active role in it encourages me to invest more. </p><p><br /></p><p>Somebody else mentioned the fact that I pay more because I buy one or two coins at a time. Well, the fact is, before I started collecting bullion I was pretty much unable to save anything. So I consider any savings and investment a plus.[/QUOTE]</p><p><br /></p>
[QUOTE="adric22, post: 1597753, member: 38146"]I have been thoroughly unimpressed with the performance of my 401K since I started it 6 years ago. That's why I've drastically reduced my contributions to buy bullion instead. I would also like to point out that many young people do not have jobs that offer benefits such as a 401K plan. I wish somebody had shown me some silver bullion when I was 20 years old. I have tried and failed many times over the years to save money of any kind whatsoever. I would do really well for a month or two and then wind up using the saved money for something else. But buying bullion works better for me. Its less liquid than cash so I don't end up spending it, but is more liquid than a 401K so if I have some sort of emergency I [I]can[/I] get to it if needed. Bullion also has another BIG advantage for me. It allows me to participate more. With my company 401K I basically get to pick from 4 different investment options. That's it... pick A, B, C, or D. And I get a quarterly statement telling me how much money I lost in the market. Fun, fun fun, huh? With bullion I can buy all kinds of different stuff and actually get to hold it in my hand and appreciate it. Also giving me an active role in it encourages me to invest more. Somebody else mentioned the fact that I pay more because I buy one or two coins at a time. Well, the fact is, before I started collecting bullion I was pretty much unable to save anything. So I consider any savings and investment a plus.[/QUOTE]
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