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<p>[QUOTE="moneycostingmemoney, post: 2805103, member: 86367"]As for the OP with the feeling of being stuck with what you have until the prices come back up above 19... don't sweat it. It will happen. It always does. I can't say for sure when, but I'll make a prediction- when we hear less talk of the Russian scandal and more of North Korea...the prices should start coming back up.</p><p>Since this is the investment section of the forum I'll throw my last few cents in before I step off this box. No one should put money in any type of investment that will take from what you need as liquid but only what you can imagine burned up in a fire. It helps remove the emotional tie that can lead us into spur-of-the-moment moves that always cost us. If you had a good plan to begin with this will help you stick to it. If you have the urge to take some from the liquid area to make a little money- put it in CDs. They always make more than a savings account or an über low interest checking account. Thinking those are anything other than access to funds for bills or everyday expenses is a waste. You can always break CDs if an emergency pops up and the fees and risk aren't as bad as other placement options. Start with a chunk and split it into 8 pieces- first go into 6mo, 12mo, 18mo and 24mo. Then wait 3 months and do the same thing. You'll be starting a rotation that you'll have something maturing every 3 months and can use it if need be (car, new roof, kids braces, etc) or reinvest at 24mo every time from there forward.</p><p>I hope I didn't go too far off track with this and someone thought it useful.</p><p>Edited to add- I just noticed you mentioned CDs in the last comment. Thumbs up![/QUOTE]</p><p><br /></p>
[QUOTE="moneycostingmemoney, post: 2805103, member: 86367"]As for the OP with the feeling of being stuck with what you have until the prices come back up above 19... don't sweat it. It will happen. It always does. I can't say for sure when, but I'll make a prediction- when we hear less talk of the Russian scandal and more of North Korea...the prices should start coming back up. Since this is the investment section of the forum I'll throw my last few cents in before I step off this box. No one should put money in any type of investment that will take from what you need as liquid but only what you can imagine burned up in a fire. It helps remove the emotional tie that can lead us into spur-of-the-moment moves that always cost us. If you had a good plan to begin with this will help you stick to it. If you have the urge to take some from the liquid area to make a little money- put it in CDs. They always make more than a savings account or an über low interest checking account. Thinking those are anything other than access to funds for bills or everyday expenses is a waste. You can always break CDs if an emergency pops up and the fees and risk aren't as bad as other placement options. Start with a chunk and split it into 8 pieces- first go into 6mo, 12mo, 18mo and 24mo. Then wait 3 months and do the same thing. You'll be starting a rotation that you'll have something maturing every 3 months and can use it if need be (car, new roof, kids braces, etc) or reinvest at 24mo every time from there forward. I hope I didn't go too far off track with this and someone thought it useful. Edited to add- I just noticed you mentioned CDs in the last comment. Thumbs up![/QUOTE]
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