Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
How Low Will Silver Go?
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1733241, member: 26302"]Its always hard. From my perspective, I know its hard to buy something that you keep going down. BUT, from personal experience I know that trying to wait to see a bottom is usually a bad move. What usually happens is it hits a bottom and bounces up, well you think to yourself "its going back down so I will wait", but it never does go back down. Sometimes you have to force yourself to buy today even though you are very fearful it will be going down tomorrow. By doing so you at least dollar cost average into a relatively reasonable market. </p><p><br /></p><p>Would it be wonderful if you knew exactly when the bottom was reached and you could casually buy a 1000 ounces of silver at the exact bottom? Sure would. I wish I could have known in 2009 exactly when stocks were going to bottom, and which stocks were going to bounce back up. I didn't know that, though, and every stock I bought either was cheaper before I bought it or went lower after I bought it. Did it make for the beginnings of an ulcer? You bet it did, but I wish I would have bought twice as much as I did manage to buy at that time.</p><p><br /></p><p>So, never try to be "cute" and time a market. If you believe pm is not going down much further and will rebound strongly, (like I did stocks in 2009), then just start buying and do not sweat if it drops a little further. The difficulty, however, is determining if pm will not drop much further, or if it will rebound strongly. I cannot help with those decisions, just comment on timing.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1733241, member: 26302"]Its always hard. From my perspective, I know its hard to buy something that you keep going down. BUT, from personal experience I know that trying to wait to see a bottom is usually a bad move. What usually happens is it hits a bottom and bounces up, well you think to yourself "its going back down so I will wait", but it never does go back down. Sometimes you have to force yourself to buy today even though you are very fearful it will be going down tomorrow. By doing so you at least dollar cost average into a relatively reasonable market. Would it be wonderful if you knew exactly when the bottom was reached and you could casually buy a 1000 ounces of silver at the exact bottom? Sure would. I wish I could have known in 2009 exactly when stocks were going to bottom, and which stocks were going to bounce back up. I didn't know that, though, and every stock I bought either was cheaper before I bought it or went lower after I bought it. Did it make for the beginnings of an ulcer? You bet it did, but I wish I would have bought twice as much as I did manage to buy at that time. So, never try to be "cute" and time a market. If you believe pm is not going down much further and will rebound strongly, (like I did stocks in 2009), then just start buying and do not sweat if it drops a little further. The difficulty, however, is determining if pm will not drop much further, or if it will rebound strongly. I cannot help with those decisions, just comment on timing.[/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
>
Bullion Investing
>
How Low Will Silver Go?
>
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...