Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
hypothetical question about what you do AFTER silver spikes or you sell...
>
Reply to Thread
Message:
<p>[QUOTE="JrCoin, post: 998204, member: 18390"]Hey you saw an opportunity and made a profit. That's excellent. Many people have no problem buying but when it comes to selling, that's the hard part. Realizing a profit is what will ultimately make you money. The question becomes, "what is the next opportunity?" It seems to me that you feel the precious metals prices are high, at least short term? I would agree with that assessment. I think energy and commodities are good investment fields. My first goal would be to have a decent amount of liquid asset, you never know when a quick couple grand will come in handy (car repairs, extended sick leave, ect...) Then I would look at eliminating any consumer debt I have. The interest rates you pay on that sort of debt kills any kind of profit you could make right now. Then I would look at reducing my energy consumption expenses, provided you own your home and vehicle. Fix up the house so it requires less heating/air conditioning. Get an energy efficient appliance. Tune up your vehicle so it will last longer/ improve your mpg. Reducing your monthly/yearly expenses will have a great impact on your ability to save and invest in the future. That way when the next investment opportunity you see comes along and is right for you, you will be able to act upon it.[/QUOTE]</p><p><br /></p>
[QUOTE="JrCoin, post: 998204, member: 18390"]Hey you saw an opportunity and made a profit. That's excellent. Many people have no problem buying but when it comes to selling, that's the hard part. Realizing a profit is what will ultimately make you money. The question becomes, "what is the next opportunity?" It seems to me that you feel the precious metals prices are high, at least short term? I would agree with that assessment. I think energy and commodities are good investment fields. My first goal would be to have a decent amount of liquid asset, you never know when a quick couple grand will come in handy (car repairs, extended sick leave, ect...) Then I would look at eliminating any consumer debt I have. The interest rates you pay on that sort of debt kills any kind of profit you could make right now. Then I would look at reducing my energy consumption expenses, provided you own your home and vehicle. Fix up the house so it requires less heating/air conditioning. Get an energy efficient appliance. Tune up your vehicle so it will last longer/ improve your mpg. Reducing your monthly/yearly expenses will have a great impact on your ability to save and invest in the future. That way when the next investment opportunity you see comes along and is right for you, you will be able to act upon it.[/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
>
hypothetical question about what you do AFTER silver spikes or you sell...
>
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...