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Should a cheapskate buy low premium or low spread?
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<p>[QUOTE="andrew289, post: 694914, member: 6463"]With investments, time is even more important that buying and selling. You need to dollar cost average and not flip.</p><p> </p><p>For example, I buy 10 AGEs every year. The 10 that I bought in 1994 for $3,5000 are worth $12,000 today. I could care less about the premium over spot. Of course the 10 I bought this year cost me, $9,680 but I could still turn a profit if I sold them today.</p><p> </p><p>You need to buy in incriments over time and premiums will not be a factor to you in 20 years.[/QUOTE]</p><p><br /></p>
[QUOTE="andrew289, post: 694914, member: 6463"]With investments, time is even more important that buying and selling. You need to dollar cost average and not flip. For example, I buy 10 AGEs every year. The 10 that I bought in 1994 for $3,5000 are worth $12,000 today. I could care less about the premium over spot. Of course the 10 I bought this year cost me, $9,680 but I could still turn a profit if I sold them today. You need to buy in incriments over time and premiums will not be a factor to you in 20 years.[/QUOTE]
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