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<p>[QUOTE=&quot;cjh1985, post: 653733, member: 19846&quot;]Fantastic advice. Thank you.</p><p>&nbsp;</p><p>Yes, I think part of the fun is &quot;the hunt&quot; (for a good deal). Especially these days with the type of technology we have, e-mails to hundreds of dealers and veteran coin collectors telling them as soon a certain coin comes to auction etc., it&#039;s tough for us newbies to find those &quot;elusive deals&quot;. But like anything else in the world, if you work at it, and you are patient, you&#039;ll find those deals - and when you find a deal, it&#039;s that much sweeter!</p><p>My favorite saying is &quot;the harder you work, the luckier you get&quot;.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>I just started this hobby 2 months ago and I have allocated in my mind about $6,000 for it, but I am in no rush to spend that money (as I know and as almost everyone on this site has told me) . I&#039;m willing to make some mistakes, but am old enough (46) to know to be patient. </p><p>&nbsp;</p><p>I&#039;m also willing to look at is as a 20 year journey (retiring at 66). Just like I tell folks I work with - if your time horizon is less than 5 years, don&#039;t even consider investing in stocks or stock mutual funds - I guess the same applies to&nbsp; buying individual coins as others have said. Treat every coin purchase as you would buying a blue chip stock - buy it with the intention of holding it for the long term, but if a selling opportunity comes up, go for it. And don&#039;t buy an INDIVIDUAL stock unless you know the inductry (us coins), know the company (the series), it&#039;s management (the variety), it earnings etc. It takes a lot of years and a lot of education to pick stocks CONSISTENTLY and make money - the same can be said for coins. But that doesn&#039;t mean you shouldn&#039;t buy any stocks (or coins) until you are 100% book smart. There is such a thing as paralysis through analysis. I am a big believer in learning by doing - learning from your mistakes.</p><p>&nbsp;</p><p>And to your point (I think), if a good deal comes up and it is a $6 stock then go for it, don&#039;t try to force it and say I have $100, it&#039;s got be a $100 stock.</p><p>&nbsp;</p><p>You have just heled me quite a bit, Pocket Change. I have just had an atiitude adjustment and a good one. I am in the mutual fund investment business and going forward will be treating buying a coin as though I am buying an individual stock (not a perfect comparison but close). Knowledge, patience, and persistance will be the keys.</p><p>&nbsp;</p><p>Am I at least on the right track with that?</p><p>&nbsp;</p><p>Thanks![/QUOTE]</p><p><br /></p>

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