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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2451760, member: 71510&quot;]My investments justify themselves, and the reason is that I don&#039;t take any of them as absolute - or ever lasting.</p><p><br /></p><p>Markets for all investments go up and down.&nbsp; Stock, real estate, metals, bonds, interest rates on savings.</p><p><br /></p><p>The key to making investments work is knowing when to leverage them.&nbsp; Learn why people did what they did with them, and what the result was.</p><p><br /></p><p>&quot;I saw everyone buying gold, so I thought it was a good idea&quot; </p><p><br /></p><p>Usually this leads to someone buying at the high end of the market, and when it corrects - they lose and think &quot;gold is bad&quot; when in fact it was their timing and following the herd that was the problem.</p><p><br /></p><p>People thought buying and flipping houses was a great thing in 2007 because real estate was on fire and going up every day.&nbsp; Good idea, right?</p><p><br /></p><p>Remember real estate in 2007, remember gold in 2012.&nbsp; Look where they started and ended their markets over a span of several years.</p><p><br /></p><p>Next, look at why people made the decisions - were they just following someone else&#039;s advise that had already made their money?</p><p><br /></p><p>The regulars in here know I&#039;m a contrarian and I do well betting against popular opinion at the right times.&nbsp; I watch the herd, and as soon as it&#039;s headed for the cliff - I&#039;m one of the first to take an opposing view and await the stupidity to follow.</p><p><br /></p><p>Everyone said not to buy real estate in 2010, and I did - thereby getting in at the bottom of the fallout.</p><p><br /></p><p>Everyone said not to buy gold or silver last summer, and I did.&nbsp; Big time.&nbsp; I bought as much as I could with available cash.&nbsp; This year I&#039;m sitting pretty and we&#039;re into an upswing market.&nbsp; It doesn&#039;t mean it will go on forever, and I am now beginning to sell some of it and book the wins and free up some cash for the next investment.</p><p><br /></p><p>Silver good or bad?&nbsp; Silver is silver.&nbsp; What you do with it and how you play it will make it good or bad.</p><p><br /></p><p>You may find solace in long term savings.&nbsp; I&#039;d doubt that in 20 years silver will lose.&nbsp; As long as you can consider selling in 19 years when you see a market peak - or in 22 years after a lull.&nbsp; </p><p><br /></p><p>Study the markets, study the people and look at who made good and bad decisions - model your decisions on what you know, and what you&#039;re comfortable with.</p><p><br /></p><p>Not only should you have a plan to acquire silver - but you should be creating a plan to SELL the silver so you can realize the profit when the time comes.</p><p><br /></p><p>Now to figure out what to do with the garage full of Beanie Babies I invested in back in 1992.&nbsp; They&#039;ve got to be worth millions by now!&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />&nbsp; Think I&#039;ll quit my job and then figure out how to sell them.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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