Investment/Portfolio

I had to look to make sure I hadn't posted this without realizing it, lol. No stocks, state retiree, and I collect what I like, or want to complete a collection. Coin collecting is my hobby. I do it because I enjoy it. I don't sell, sometimes trade to upgrade, but really don't care what a coin i have is worth? It's a very fun hobby, that I get a lot of enjoyment out of. With that said, I'm very happy that there are those of you that collect the "valuable, rare and slabbed" coins. Thank you! I love history, some of the reason I like coins, I guess, and am glad that you help preserve history through your coin collecting/investing. I wish all of you the best. As long as I'm able, I'll enjoy my "hobby"! Love reading, and learning from CT members.

 

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You may be right. We are lucky in many ways. We live in the country. I drive a truck and she drives a 2003 Corolla she inherited when her mother passed. Once I got into collecting coins, we decided I needed a budget for coin collecting.
My father taught me and my brother and 2 sisters, to get an education and go to work with a business or any other type of employment that had a health insurance program and a retirement program. My brother has a college degree and is retired from Xerox. My younger sister got her masters and worked with the military in drug and alcohol addiction counseling. She married a CPA that has his own practice. My older sister did not get a college education but went to work for the Los Angeles police department and became the office manager over about 30 people. We are/were all lucky in a way. My bother has PTSD (whatever) when he served in the Navy during Vietnam fiasco. It didn't surface until he was about 50. VA has a real good program. He was forced to retire. My younger sister died on the operating table during a knew replacement. My older sister had dementia that surface when she was retired. She died of a heart attack while in a facility for dementia patients.
I was lucky to a degree. I liked to run. One morning, I was hit by a mirror on the passenger side of a milk truck. I was knocked down a 30 foot cliff. The had to get a bucket to get me out of the embankment. Spectators though I was dead an placed a plastic sheet over me when it started to rain. Most of what happened was told to me later. I've had 5 back surgeries and two knee surgeries. As I have mentioned before, I inherited half of my father's coin collection which put me on a road of coin collecting. You folks have been a great help to me. I love reading Coin Talk and have learned so much that has really helped me and kept me from making poor decisions. Thank you very much for the many words of wisdom and references. May you all have a Merry Christmas and a Happy New Year.

 

Merry Christmas and Happy New Year to you as well sir. Always glad to hear when we help people enjoy such a nice hobby.

 

I buy a set amount of precious metals & stocks every month to take advantage of dollar cost averaging.

Precious metals make up about 10% of my portfolio with stocks & bonds making up the other 90%.

Waiting for the price of anything to drop is risky because there is no guarantee it will drop to previous levels and potentially could end up just going higher and higher forcing potential buyers to wait for something that will never come.