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My first "Investment Coin".
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<p>[QUOTE="Detecto92, post: 2392301, member: 75105"]I find it somewhat amusing that people here seem almost "scared" to consider even investing in coins, but have no problem investing tens of thousands into companies that have no guarantee of being around the next year.</p><p><br /></p><p>Case in point, one of my dad's friends invested almost 100,000 dollars into Kmart in the Early 80's. Lesson for you younger folks, at one time Kmart outpaced Wal-Mart in sales, and Sam Walton would even stop by Kmart to try and figure out why.</p><p><br /></p><p>In the late 90's, through poor management choices, Kmart's sales started slipping, and suddenly around 2002-4 when Kmart went bankrupt, my dad's friend lost well over 10,000 dollars.</p><p><br /></p><p>I have seen tons of "doing well" companies slip into history. </p><p><br /></p><p>With the exception of modern coins (usually a poor investment unless they are super-low mintage), and some "hoards" that been discovered, coins are a safer investment than stocks.</p><p><br /></p><p>But like I said, my focus is to make money, but it's not always possible, I don't EXPECT coins to make me money 35-40 years from now, but it's still a very good hobby that could serve a useful purpose as an income source down the road.[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 2392301, member: 75105"]I find it somewhat amusing that people here seem almost "scared" to consider even investing in coins, but have no problem investing tens of thousands into companies that have no guarantee of being around the next year. Case in point, one of my dad's friends invested almost 100,000 dollars into Kmart in the Early 80's. Lesson for you younger folks, at one time Kmart outpaced Wal-Mart in sales, and Sam Walton would even stop by Kmart to try and figure out why. In the late 90's, through poor management choices, Kmart's sales started slipping, and suddenly around 2002-4 when Kmart went bankrupt, my dad's friend lost well over 10,000 dollars. I have seen tons of "doing well" companies slip into history. With the exception of modern coins (usually a poor investment unless they are super-low mintage), and some "hoards" that been discovered, coins are a safer investment than stocks. But like I said, my focus is to make money, but it's not always possible, I don't EXPECT coins to make me money 35-40 years from now, but it's still a very good hobby that could serve a useful purpose as an income source down the road.[/QUOTE]
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My first "Investment Coin".
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