I want to make some money...American Silver Eagles

Discussion in 'Bullion Investing' started by Mike Drop, Oct 10, 2017.

  1. V. Kurt Bellman

    V. Kurt Bellman Typical Government Drone

    Yeah, waiting for a House session to resume that keeps getting pushed back in 15 minute increments 4 straight times now. The 121 member majority has to decide which garbage to shove down the throats of the 81 member minority and they can’t quite decide.
     
    Last edited: Oct 18, 2017
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  3. baseball21

    baseball21 Well-Known Member

    You'd be amazed how many people have found ways to monetize their time on there.
     
    Last edited: Oct 18, 2017
  4. TheFinn

    TheFinn Well-Known Member

    One thing they are right about - this time it's different. It's all garbage (world's currencies) now, and it's all connected. Nowhere to run.
     
    Danjohnson likes this.
  5. TheFinn

    TheFinn Well-Known Member

    Look how the youth of today think you earn money - you put something clever or stupid on YouTube and get royalty checks.
     
  6. Argenteus Fossil

    Argenteus Fossil Active Member

    How they "think" you earn money... A lot of them make more money than we'll ever see.
     
    baseball21 likes this.
  7. Two Dogs

    Two Dogs Member

    One day, you will find someone who has been successful with saving and investing who will share his/her experiences and philosophy with you. You can't really trust financial advisors to give you this advice, because they are trying to make a commission. My brief advice is to put your energies into having a successful working career, save at least 10% of your income and diversify those savings as you invest. If you find that you have a passion for numismatics or real estate or something else, you can go a bit heavier in your investment portfolio with them.
     
    Bman33 likes this.
  8. V. Kurt Bellman

    V. Kurt Bellman Typical Government Drone

    Wow, somebody just made sense on here. Alert the media!
     
    Two Dogs likes this.
  9. baseball21

    baseball21 Well-Known Member

    I've always looked at those "advisors" this way, if they were so much better at it than everyone else they would be rich enough they wouldn't need to be working in the first place.
     
  10. Bman33

    Bman33 Well-Known Member

    The old 10% rule. I am doing that right now and putting it in my 401K. If I can figure out something better to invest in I'll let you guys know.
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    If you've made a lot of money, there's a good chance that you just enjoy the pursuit of money. There's also a good chance that you want to show off your prowess to others. There's even some chance that you want to help others do the same.

    There comes a point at which it's less about maintaining your security or standard of living, and more about moving up the leader board.
     
    coinsareus10 likes this.
  12. Clawcoins

    Clawcoins Well-Known Member

    I've heard buying a boat is a good investment ... hahahaha

    try to max out your 401k funding, not just 10%. 10% is good, but I think you can invest $18,000 annually (under 50). I also have a "cash catch" Roth account that I put monthly spare cash (after stock investments) into which I think is about $5,500/6500 annually for under/over 50 yr old .
     
  13. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

  14. Bman33

    Bman33 Well-Known Member

    I might start investing in Corn Nuts. I have a good feeling about those.
     
  15. Clawcoins

    Clawcoins Well-Known Member

    You want a *SWEET* investment tip ...

    Cocoa/chocolate is bouncing off of lows ..
    Chocolate.jpg
    problem is, is the market gets too hot then the investment could melt down to new lows.

    haha ... sweet tip .. chocolate .. melt. get it ?
    ahhh ... well, never mind then :(
     
    Bman33 likes this.
  16. Lemme Caution

    Lemme Caution Well-Known Member

    I understand what you are trying to accomplish and I applaud you for your sense of enterprise. That being said, and in the context of myself having been a coin collector/numismatist now for just short of sixty years, I cannot help but feel obliged to offer what I consider to be the only surefire piece of (admittedly ironic) advice regarding the subject of guaranteed profit-making success in the coin investing arena: be one of those few lucky individuals whose rare fortune it is to inherit an unusually large, immensely desirable, and hence extraordinarily valuable collection.
     
  17. Bman33

    Bman33 Well-Known Member

    I might go get some Random Year ASE's right now. Bored and I like shiny things!
     
  18. -jeffB

    -jeffB Greshams LEO Supporter

    "If you want to make a small fortune collecting coins, start with a large one."
     
    Oldhoopster and Argenteus Fossil like this.
  19. TheFinn

    TheFinn Well-Known Member

    I have a friend that was buying $10 and $20 gold when everyone else was buying Morgan Dollars. For about the same cost he was putting away concensus rarities. He is an upholsterer, so he wasn't exactly rich. His coins are now literally worth $Millions. Buy what isn't popular now, looking at what is truly rare and has the most potential. Biy what no one wants, and I don't mean pogs, or sports cards, or beanie babies (now there was a sinkhole for money).
     
    Oldhoopster likes this.
  20. V. Kurt Bellman

    V. Kurt Bellman Typical Government Drone

    This I consider a mental illness. As you might imagine, I don't do fantasy football or play arcade games as a kid, either.
     
  21. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    When was this?
     
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