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<p>[QUOTE="MIGuy, post: 7499205, member: 116145"]I just don't buy into precious metals as a good investment, I've seen too many ups and downs and stagnant periods. I take advantage of both tax deferred investment and employer matching through my 401(k) in long term index funds, and discounted employee stock purchases, and I'm lucky to have those. When I was young and self-employed I put money into an IRA and bought stock directly and reinvested the dividends. I think that's a good angle if you don't have a 401(k). I've also done okay with real estate, but that's also a crap shoot. The problem with any investment, in my experience, is that if you HAVE to sell when it's low, you're screwed, and if you manage to sell when it's high, you're a genius. I just hold on to what I've got, keep socking away what I can, and hope it will be sufficient for retirement. I consider myself fortunate to be healthy (knock on wood) and to have a reasonable budget to collect coins with, as a separate matter.[/QUOTE]</p><p><br /></p>
[QUOTE="MIGuy, post: 7499205, member: 116145"]I just don't buy into precious metals as a good investment, I've seen too many ups and downs and stagnant periods. I take advantage of both tax deferred investment and employer matching through my 401(k) in long term index funds, and discounted employee stock purchases, and I'm lucky to have those. When I was young and self-employed I put money into an IRA and bought stock directly and reinvested the dividends. I think that's a good angle if you don't have a 401(k). I've also done okay with real estate, but that's also a crap shoot. The problem with any investment, in my experience, is that if you HAVE to sell when it's low, you're screwed, and if you manage to sell when it's high, you're a genius. I just hold on to what I've got, keep socking away what I can, and hope it will be sufficient for retirement. I consider myself fortunate to be healthy (knock on wood) and to have a reasonable budget to collect coins with, as a separate matter.[/QUOTE]
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