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<p>[QUOTE="fred13, post: 1965552, member: 20688"]IMO your entire outlook is misguided in a very poor way. </p><p>I will leave you with only a few points. Perhaps somebody nicer than I will take the time to discuss in further details. With that said think of the following.</p><p>1) What kind of a bozo earns 2% annually from security investing. Despite recessions and periods of growth throughout the long term a simple etf that mimics the S&P 500 will give you more than 7% annually. To add on that to you have not even considered the importance of compound investing. </p><p>2) Red book prices mean nothing. You should be looking at what coins have SOLD for during that period of time. Then depreciate that amount by the appropriate inflation rate.</p><p><br /></p><p>Additionally it is very difficult to consistently purchase choice coins that will be desirable to other people(and easy to sell) down the line. You must have quite a bit of knowledge that can only be obtained through years of experience.</p><p><br /></p><p>Yet another point to be had is the proper storage of coins. SDBs, silica gels, air tites, slabbing costs, tupperware, anti tarnish strips. All of these do one thing. </p><p><br /></p><p>Suck up your investment.</p><p><br /></p><p>Keep looking Detecto. You haven't found the ancient city of gold just yet[/QUOTE]</p><p><br /></p>
[QUOTE="fred13, post: 1965552, member: 20688"]IMO your entire outlook is misguided in a very poor way. I will leave you with only a few points. Perhaps somebody nicer than I will take the time to discuss in further details. With that said think of the following. 1) What kind of a bozo earns 2% annually from security investing. Despite recessions and periods of growth throughout the long term a simple etf that mimics the S&P 500 will give you more than 7% annually. To add on that to you have not even considered the importance of compound investing. 2) Red book prices mean nothing. You should be looking at what coins have SOLD for during that period of time. Then depreciate that amount by the appropriate inflation rate. Additionally it is very difficult to consistently purchase choice coins that will be desirable to other people(and easy to sell) down the line. You must have quite a bit of knowledge that can only be obtained through years of experience. Yet another point to be had is the proper storage of coins. SDBs, silica gels, air tites, slabbing costs, tupperware, anti tarnish strips. All of these do one thing. Suck up your investment. Keep looking Detecto. You haven't found the ancient city of gold just yet[/QUOTE]
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