My first "Investment Coin".

Hey I do my best to make money on most coins I buy. And I do. Not all but the majority. And guess what coins do generate me income. It's real simple. It's called being a dealer

 

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His fault. What did they invest in....what supervision did he provide ?

No idea what the strategy was. Maybe the broker told the guy commodities were due to recover and they rode it up for 10 years -- and then down for the last few.

Housing boom.

Plenty of low-risk and moderate-risk bond funds that yield 4-7%.

Completely agree.

 

Brokerage houses never lose because they work on sales commissions.

 

?????

This might make sense if the post was 50 years sooner.

 

Tell me you don't work on commissions.

 

No, most brokers -- like 99% of them -- work on asset management fees. This prevents churning or the need to constantly trade.

Brokerage houses used to charge $300-$500 to do a trade. I remember buying $5,000 - $10,000 worth of stock in the mid-1980's and paying $250 or so for the trade. A few days ago, I sold $150,000 worth of stocks for my father and uncle whose accounts I manage....I think it was 5 or 6 trades.....$60 total.

NOBODY with any $$$ is unaware of what it costs to do online trades (even by phone or talking to a discount broker) and would pay full-service rates ever again.

 

How are asset mgt. fees calculated?

 

Usually 1% of assets or whatever is negotiated.

 

Thank you.

 

SILVER PRICES: I see they continue to rise...anyone think silver will do what gold did? silly, I know, but I thought the gold jump was silly!

 

If you insist on "investing" in coins at one or two a year, the only thing I would change in your plan is to collect GOLD coins! If we ever hit really bad times in the next 30 years of your plan, that half cent is going to be virtually worthless until "bad times" are over.