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What do you consider to be "long term"?
PerryHall
Posts: 45,411 ✭✭✭✭✭
Someone in another thread reminded us that PM's are a long term investment which I pretty much agree with. But as an old guy it got me thinking---how long is long term when it comes to PM investments? What say you?
Worry is the interest you pay on a debt you may not owe.
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I have friends that consider holding stuff for a lifetime to be the norm.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I bought my metals responsibly...a little here, a little there. I never strapped myself to buy them. Unless Im adding to my stack....I don't even check spot prices.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Anything over 1 year. (got to abide by the IRS rules)
If it's late in my lifespan that's long term but beyond that I don''t need to worry about it
<< <i>Someone in another thread reminded us that PM's are a long term investment which I pretty much agree with. But as an old guy it got me thinking---how long is long term when it comes to PM investments? What say you? >>
I'm a COF like you Dennis, so it's possible I'll never survive to see long term come to fruition.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
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Oops, hit post too soon.
Seriously you should have some idea what it is for YOU before you buy.
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<< <i>Someone in another thread reminded us that PM's are a long term investment which I pretty much agree with. But as an old guy it got me thinking---how long is long term when it comes to PM investments? What say you? >>
I'm a COF like you Dennis, so it's possible I'll never survive to see long term come to fruition. >>
Wasn't sure what COF meant so I googled it.
Worry is the interest you pay on a debt you may not owe.
Knowledge is the enemy of fear
<< <i>I think of "long-term" as a crutch as it is what every investor in every asset class falls back upon. >>
Post of the day!!!
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>I think of "long-term" as a crutch as it is what every investor in every asset class falls back upon. >>
<< <i>I think of "long-term" as a crutch as it is what every investor in every LOSING asset class falls back upon. >>
There fixed it... Lol