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<p>[QUOTE="medoraman, post: 8548174, member: 26302"]Long term is the key. Too many new investors jump in when its "hot", then bail when its boring again. </p><p><br /></p><p>Getting to retire fairly well is not rocket science for most people. Work hard, better yourself when you have the chance, marry a good person, (not just who you think at the time is the "hottest"), spend less money than you make, buy good assets that appreciate and get buy with ones that depreciate, and slowly accumulate assets. PM for a coin collector is simply more fun to accumulate, but its only a small part of my assets. </p><p><br /></p><p>The opposite of my advice would be marry the hottest thing you can find, divorce a few times, put in the bare minimum at work in terms of effort and hours, and spend everything plus more on looking fancy for others. Sure, you might have some fun times, but then spend 40 years whining how "life is unfair, I was not born into the right family so I never had a chance in life". I know many people I can name right now just like that, many my own relatives. I was born into the "wrong" family, simply did not let it stop me.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 8548174, member: 26302"]Long term is the key. Too many new investors jump in when its "hot", then bail when its boring again. Getting to retire fairly well is not rocket science for most people. Work hard, better yourself when you have the chance, marry a good person, (not just who you think at the time is the "hottest"), spend less money than you make, buy good assets that appreciate and get buy with ones that depreciate, and slowly accumulate assets. PM for a coin collector is simply more fun to accumulate, but its only a small part of my assets. The opposite of my advice would be marry the hottest thing you can find, divorce a few times, put in the bare minimum at work in terms of effort and hours, and spend everything plus more on looking fancy for others. Sure, you might have some fun times, but then spend 40 years whining how "life is unfair, I was not born into the right family so I never had a chance in life". I know many people I can name right now just like that, many my own relatives. I was born into the "wrong" family, simply did not let it stop me.[/QUOTE]
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