Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Should I get out of the Stock Market?
>
Reply to Thread
Message:
<p>[QUOTE="johnmilton, post: 4222460, member: 101855"]Keep the stocks, but do keep an eye on them. Coins are not a great investment at all, especially now. I have many “blue chip coins” in my collection, and many of them have not done well in recent years. My “return” has been in the joy of owning them, not financial.</p><p><br /></p><p>Why keep an eye on your stocks? Because a good stock today, even one that has been highly respected for many years, can go bad on you. My first stock was General Motors. Back in 1965 it sold for over $100 a share when $100 a week was a decent job. “So goes General Motors, so goes the nation” was the catch phrase. Thank goodness that was not true.</p><p><br /></p><p>As we all know, “the old General Motors” went bankrupt. The stock and bond holders got nothing. When my mom was in a rest home, and I was taking care of her financial affairs, I sold my late father’s considerable GM holdings. She was angry with me, but it needed to be done. She assumed that GM would always be good. It wasn’t.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 4222460, member: 101855"]Keep the stocks, but do keep an eye on them. Coins are not a great investment at all, especially now. I have many “blue chip coins” in my collection, and many of them have not done well in recent years. My “return” has been in the joy of owning them, not financial. Why keep an eye on your stocks? Because a good stock today, even one that has been highly respected for many years, can go bad on you. My first stock was General Motors. Back in 1965 it sold for over $100 a share when $100 a week was a decent job. “So goes General Motors, so goes the nation” was the catch phrase. Thank goodness that was not true. As we all know, “the old General Motors” went bankrupt. The stock and bond holders got nothing. When my mom was in a rest home, and I was taking care of her financial affairs, I sold my late father’s considerable GM holdings. She was angry with me, but it needed to be done. She assumed that GM would always be good. It wasn’t.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Should I get out of the Stock Market?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...