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<p>[QUOTE="medoraman, post: 2464651, member: 26302"]This is powerful advice and backed up with evidence. What the average small investor does is terrific advice if you do the exact opposite. Not picking on them, but small investors move in herds, and buy too high and sell too low. Being part of that herd will only bring you subpar results. If you can always be in front of that herd you can do terrifically, but its a dangerous game guessing where an emotional herd will go.</p><p><br /></p><p>Better to simply think for yourself. If you ever read an article about investing that uses scare mongering words, you can be assured the article is worthless propaganda. There have been decent articles on pm on coinflation, but lots of hyperbole articles because by definition coinflation people are pm people. On the other hand, the general media usually have hyperbole against pm ownership. I just read one on the WSJ yesterday. He used the highest point gold ever was at the show how its a bad investment. This is just as bad as pm pushers using the lowest pm has ever been to get you to buy it. </p><p><br /></p><p>Be reasonable, only put a portion of your funds in pm. If you are going to hold long term buy physical pm as it has lower costs of ownership over time. Also think about security. I put mine in a bank sdb.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2464651, member: 26302"]This is powerful advice and backed up with evidence. What the average small investor does is terrific advice if you do the exact opposite. Not picking on them, but small investors move in herds, and buy too high and sell too low. Being part of that herd will only bring you subpar results. If you can always be in front of that herd you can do terrifically, but its a dangerous game guessing where an emotional herd will go. Better to simply think for yourself. If you ever read an article about investing that uses scare mongering words, you can be assured the article is worthless propaganda. There have been decent articles on pm on coinflation, but lots of hyperbole articles because by definition coinflation people are pm people. On the other hand, the general media usually have hyperbole against pm ownership. I just read one on the WSJ yesterday. He used the highest point gold ever was at the show how its a bad investment. This is just as bad as pm pushers using the lowest pm has ever been to get you to buy it. Be reasonable, only put a portion of your funds in pm. If you are going to hold long term buy physical pm as it has lower costs of ownership over time. Also think about security. I put mine in a bank sdb.[/QUOTE]
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New to the idea of investing... a couple quick questions to clear up?
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