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<p>[QUOTE=&quot;geekpryde, post: 3910209, member: 36248&quot;]Great observation and advice, overlooked I am sure by many people.</p><p><br /></p><p>When my friends and family panic about falling stock prices (not that we&#039;ve seen much of that in the past 10 years), I calm then down with some very simple advice.&nbsp; If you&#039;re in an <i>accumulation</i> phase, you should rejoice at lower prices.&nbsp; It is the best case scenario.&nbsp; You want to hoard as much quality investments as you can for the lowest possible price.&nbsp; Be greedy.&nbsp;&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie47" alt=":greedy:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Likewise, for coin collector who are actively collecting, lower prices should bring tears of happiness.&nbsp;&nbsp; You can buy the same coin today for less money than yesterday.&nbsp; You can buy your dream coin for less than the person who owned it before you.&nbsp; When the market is roaring, no one needs any special soothing, since they can get satisfaction is thinking that the same coin they bought yesterday is worth more today.&nbsp;&nbsp; So really, with the correct mindset, you can be happy in both situations.&nbsp; One is more financially satisfying, the other is more emotionally satisfying.</p><p><br /></p><p>Of course, if you are at the age / stage where you are no longer accumulating, than today&#039;s prices greatly affect you.&nbsp;&nbsp; Selling investments and locking in loses, well there is just no soothing those wounds except to not let it happen to you. (planning, asset allocation, topics for a separate discussion.)</p><p><br /></p><p>But here&#039;s the good news for coins collectors: When it comes to their collections (of anything), <u>don&#039;t think of them as investments</u>, they are a hobby.&nbsp; Many (most?) hobbies do not allow you to get back <i>any</i> money, certainly not most of your money.&nbsp; Think: skiing, fishing, sailing, bird watching, reading, board games, gardening, puzzles, ping-pong, crocheting, cycling, running, paintball, photography, skateboarding, and thousands of others.&nbsp;&nbsp; Sure some people can make some money at those things, but if they are, it&#039;s stop being a &quot;hobby&quot;.&nbsp;&nbsp; At least us coin geeks can get some nominal amount of money back when we decide to quit and move our passion to tropical fish.&nbsp;&nbsp; Even 25 cents on the dollar is better than nearly every other hobby I can think of!&nbsp; &nbsp; &nbsp; </p><p><br /></p><p>There are of course other non-financial concerns for a coin hobby in decline, lack of local shows, less people near you that share you passion, fewer LCS, less of a chance to bond with a kid or grand-kid through the coins, less widely available information, etc.&nbsp; &nbsp; </p><p><br /></p><p>But certainly one can think of lower coin prices as a Good thing, not a bad thing!&nbsp;&nbsp; </p><p><br /></p><p>Maybe we need like a catchy motto or something:&nbsp;&nbsp; &quot;Build the coin collection of your dreams, for less than you Father paid for his.&quot;&nbsp; &nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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