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<p>[QUOTE=&quot;Clawcoins, post: 2647928, member: 77814&quot;]For investing to really make sense you need a good amount of $$ into it.</p><p><br /></p><p>For instance (I&#039;m using rounded numbers for simplicity).</p><p><br /></p><p>Let&#039;s say you buy&nbsp; $100 worth of GE stock which we&#039;ll just say is $30 right now.</p><p>(This could be a Silver/Gold ETF, but they may also have Quarterly fees which will increase the breakeven point each Quarter!!).</p><p>That $90 Plus say $10 to make the BUY IN fee.</p><p>Keep in mind there is a $10 sell fee.</p><p>Thus face breakeven point is now $110. So the valuation would have to rise to about $37 per share to make the sale just a $0.00 proposition.</p><p><br /></p><p>Now, let&#039;s not forget on visible asset sales (yes this actually includes &quot;collectibles&quot; which includes coins and PMs) there is roughly a 30% Capital Gains tax.&nbsp; &quot;visible&quot; versus what most ppl probably do in buying/ selling silver is pocket the money, more info here ==&gt; <a href="https://www.jmbullion.com/investing-guide/taxes-reporting-iras/capital-gains/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.jmbullion.com/investing-guide/taxes-reporting-iras/capital-gains/" rel="nofollow">https://www.jmbullion.com/investing-guide/taxes-reporting-iras/capital-gains/</a></p><p><br /></p><p>Luckily taxes allow you to include the Fees, so you&#039;ll have 30% tax on $0.00</p><p><br /></p><p>If that GE stock rose to $80 per share, face value of $240</p><p>you would then have a profit of $220 after trading it.</p><p>Then take away $66 for the IRS and you&#039;ll have $154 in your pocket.</p><p><br /></p><p>But that&#039;s assuming GE rises to $80 sometime soon ...</p><p><br /></p><p>I recommend putting your monies into an account to first accumulate larger amounts which then may be used for some investment.</p><p><br /></p><p>Right now Savings accounts are kinda dismal but places like AllyBank and Amex, TIAA bank have High Rate Savings accts around 1% APR.&nbsp; Yes, not much, but better than the pitiful regular savings accounts out there.</p><p><br /></p><p>Only invest monies that you can afford to lose. If you can&#039;t afford to lose it, don&#039;t invest it in PMs or individual stocks etc.&nbsp; Lower Risk investments are items like general Mutual Funds.</p><p><br /></p><p>Mutual Funds are more stable but they usually have a minimum initial investment thus the reason to build up a savings account.&nbsp; 401Ks etc will/can be normally invested into Mutual Funds.</p><p><br /></p><p>If you have minimal money I do not recommend investing them into PMs unless you really like the shiny stuff in hand.[/QUOTE]</p><p><br /></p>

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