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Stock market down, how much you deceased from your coin projected profit?.
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<p>[QUOTE="Troodon, post: 443337, member: 4626"]My stock in Crocs went down, and I'd lose about 60% of my investment if I sold it now. I'm hanging on though, because I expect when the economy turns around, they'll recover... their financials still look good and while their sales are lower than they used to be, they're not <i>losing</i> money! I'm even buying more of their stock; their stock is at a bargain price, if you have faith that it will eventually go up again.</p><p><br /></p><p>The few gold coins I own actually went <i>up</i> in value, probably. Gold's still really high and a shaky economy actually helps the value of gold.</p><p><br /></p><p>No idea about the rest of my collection; I don't intend on selling any of it anyway. Just like stock, you only lose something when they value of what you own drops <i>if you sell it</i>. I guess it's likely its value went down on paper, but that doesn't mean anything if I don't intend to sell it. My coin and paper money collection is a collection for its own sake; it's not an investment!</p><p><br /></p><p>If anything I plan to take advantage of the lower prices on some coins now to add to my collection while it's cheaper than usual.</p><p><br /></p><p><br /></p><p><br /></p><p>Amen to that![/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 443337, member: 4626"]My stock in Crocs went down, and I'd lose about 60% of my investment if I sold it now. I'm hanging on though, because I expect when the economy turns around, they'll recover... their financials still look good and while their sales are lower than they used to be, they're not [I]losing[/I] money! I'm even buying more of their stock; their stock is at a bargain price, if you have faith that it will eventually go up again. The few gold coins I own actually went [I]up[/I] in value, probably. Gold's still really high and a shaky economy actually helps the value of gold. No idea about the rest of my collection; I don't intend on selling any of it anyway. Just like stock, you only lose something when they value of what you own drops [I]if you sell it[/I]. I guess it's likely its value went down on paper, but that doesn't mean anything if I don't intend to sell it. My coin and paper money collection is a collection for its own sake; it's not an investment! If anything I plan to take advantage of the lower prices on some coins now to add to my collection while it's cheaper than usual. Amen to that![/QUOTE]
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Stock market down, how much you deceased from your coin projected profit?.
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