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How would you put together a diversified coin investment portfolio?
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<p>[QUOTE="ToughCOINS, post: 2159492, member: 20480"]First of all, holding for only a year pretty much is churning.</p><p><br /></p><p>I think that making money short term in coins is an exercise in futility, unless you are a bona fide dealer with an established clientele and network of wholesale sources.</p><p><br /></p><p>If you want to make money longer term (minimum of a three year hold), I'd buy good values in series presently out of favor, and wait for the market to cycle through that series again before selling.</p><p><br /></p><p>Investment in coins, like in any other medium, requires expertise possessed by relatively few . . . Much like in real estate, equities and commodities, the money is usually made long before the interviews are even scheduled for feature articles in FORTUNE or MONEY magazine. In other words, the odds of getting to the party on time are rather poor.</p><p><br /></p><p>Generally I think that, if you have mutual finds in an IRA or 401K, you'll be far better off. However, if you do choose to invest in coins, how you invest should be a function of both your ability to see where the market is headed, and of your tolerance for risk.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 2159492, member: 20480"]First of all, holding for only a year pretty much is churning. I think that making money short term in coins is an exercise in futility, unless you are a bona fide dealer with an established clientele and network of wholesale sources. If you want to make money longer term (minimum of a three year hold), I'd buy good values in series presently out of favor, and wait for the market to cycle through that series again before selling. Investment in coins, like in any other medium, requires expertise possessed by relatively few . . . Much like in real estate, equities and commodities, the money is usually made long before the interviews are even scheduled for feature articles in FORTUNE or MONEY magazine. In other words, the odds of getting to the party on time are rather poor. Generally I think that, if you have mutual finds in an IRA or 401K, you'll be far better off. However, if you do choose to invest in coins, how you invest should be a function of both your ability to see where the market is headed, and of your tolerance for risk.[/QUOTE]
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