Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Coins are bad investments because....
>
Reply to Thread
Message:
<p>[QUOTE="in5urgent, post: 1762976, member: 56083"]<font face="Arial"><span style="color: #000000">S&P 500 in January 1967: $90.20</span></font></p><p><font face="Arial"><span style="color: #000000">$450 invested at $90.20 = almost 5 shares</span></font></p><p> </p><p><font face="Arial"><span style="color: #000000">S&P 500 price 8/2/2013: $1,709.67</span></font></p><p><font face="Arial"><span style="color: #000000">Almost 5 shares X $1,709.67 = $8,529.39</span></font></p><p> </p><p><font face="Arial"><span style="color: #000000">You’re right Danr, they’re pretty close but the S&P still wins. And they both beat the 1916-S dime to shreds, as it’ll run you $2-$3 today.</span></font></p><p> </p><p><font face="Arial"><span style="color: #000000">The larger point is that if you want to make money, collectibles of any sort isn’t a reliable way to do it. It’s possible for someone to pick a winner and make out okay, but they’re a lot more likely to be stuck with a bunch of worthless beanie babies. If you really want to appreciate your assets invest them sensibly, don’t collect stuff.</span></font>[/QUOTE]</p><p><br /></p>
[QUOTE="in5urgent, post: 1762976, member: 56083"][FONT=Arial][COLOR=#000000]S&P 500 in January 1967: $90.20[/COLOR][/FONT] [FONT=Arial][COLOR=#000000]$450 invested at $90.20 = almost 5 shares[/COLOR][/FONT] [FONT=Arial][COLOR=#000000]S&P 500 price 8/2/2013: $1,709.67[/COLOR][/FONT] [FONT=Arial][COLOR=#000000]Almost 5 shares X $1,709.67 = $8,529.39[/COLOR][/FONT] [FONT=Arial][COLOR=#000000]You’re right Danr, they’re pretty close but the S&P still wins. And they both beat the 1916-S dime to shreds, as it’ll run you $2-$3 today.[/COLOR][/FONT] [FONT=Arial][COLOR=#000000]The larger point is that if you want to make money, collectibles of any sort isn’t a reliable way to do it. It’s possible for someone to pick a winner and make out okay, but they’re a lot more likely to be stuck with a bunch of worthless beanie babies. If you really want to appreciate your assets invest them sensibly, don’t collect stuff.[/COLOR][/FONT][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Coins are bad investments because....
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...