Discussion in 'Bullion Investing' started by Mike Drop, Oct 10, 2017.
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You'd be amazed how many people have found ways to monetize their time on there.
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.
Look how the youth of today think you earn money - you put something clever or stupid on YouTube and get royalty checks.
How they "think" you earn money... A lot of them make more money than we'll ever see.
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.
Wow, somebody just made sense on here. Alert the media!
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.
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.
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 .
I might start investing in Corn Nuts. I have a good feeling about those.
You want a *SWEET* investment tip ...
Cocoa/chocolate is bouncing off of lows ..
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
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.
I might go get some Random Year ASE's right now. Bored and I like shiny things!
"If you want to make a small fortune collecting coins, start with a large one."
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).
This I consider a mental illness. As you might imagine, I don't do fantasy football or play arcade games as a kid, either.
When was this?
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