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<p>[QUOTE="medoraman, post: 7400262, member: 26302"]I agree with [USER=20480]@ToughCOINS[/USER] post. Most fail because they concentrate too much on stacking, not enough on the rest of their financial life. If you store too much of your money in one asset, if you get into trouble you have to sell whatever the market is. Invest in yourself first, then investments after you have savings to cover a car accident and other things in life. </p><p><br /></p><p>Another reason they fail is that they start when too many people are talking about pm, like now. Then they lose interest until the next crisis comes along, missing out on years in between when prices and premiums are down. Best time to buy any asset is when no one else wants it, worst time is when its "hot", but like most small investors in other things, too many pm investors do just the opposite. Slow acquisition over time is the only guaranteed good way. If you have great foresight and can time effectively, good for you, but it's not easy to recommend to others.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 7400262, member: 26302"]I agree with [USER=20480]@ToughCOINS[/USER] post. Most fail because they concentrate too much on stacking, not enough on the rest of their financial life. If you store too much of your money in one asset, if you get into trouble you have to sell whatever the market is. Invest in yourself first, then investments after you have savings to cover a car accident and other things in life. Another reason they fail is that they start when too many people are talking about pm, like now. Then they lose interest until the next crisis comes along, missing out on years in between when prices and premiums are down. Best time to buy any asset is when no one else wants it, worst time is when its "hot", but like most small investors in other things, too many pm investors do just the opposite. Slow acquisition over time is the only guaranteed good way. If you have great foresight and can time effectively, good for you, but it's not easy to recommend to others.[/QUOTE]
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