calling all investment gurus!
I think one of the most used cliches on these forums---don't invest in coins, just collect as a hobby. Honestly, I would agree this makes sense for alot of collectors but not everyone. Tradedollarnut seems to have done pretty well buying and selling coins. I think Dr. Duckor too has put together sets and sold for some nice profits. Many others have too. My main gripe with people state not to invest in coins is they always point to the S & P 500. The problem is that it is easy to look back and find something better. By using the S & P 500 they avoid the pitfall of people who thought Enron, Sears, Poloroid, Kodak, etc were the blue chip stocks to buy back in the day. And of course they avoid those who swore about the @home, cmgi, and other internet stocks that are left behind. I am sure these same people would have said invest in the Dogs of the Dow and do nothing else back when it was the rage. Further, they use the numbers reflecting the very best avgs over the last 10 or 20 years and then choose to measure coins by the PCGS 3000. Sorry, but I think anyone on this forum if given a lump sum of money would do better selecting coins than mimicking the PCGS 3000. Ive always wanted to ask all the gurus that point to the S & P 500 record over the last 20 years do you have 100% of your money in the it? How about do you have 75% of your money in the S & P 500 for the last 10 or even 5 years? The point is it is easy to tell people dont invest in coins because you should buy the S & P 500 but is that what those same people are doing (if so they are very heavily weighted towards about 5 or 6 technology stocks)?
So lets not look back. Lets look at today and go on record. Lets not be able to cheat and look back----lets pick now going forward. You have a liquid assets of $1,000,000. Of that amount $300,000 is cash that just hit your account from the sale of real property that you need to invest. You won't need the money for 7 years. You can use that cash to:
1) Buy SPY at $440 per share (the ETF that mimics the S and P 500)
2) Buy Gold at $1872 per ounce
3) Buy Bitcoin at $42,500 per coin
4) Buy a 1796 No Stars Quarter Eagle PCGS AU 58 CAC for $300,000 (CAC price guide lists retail at $300,000 and the PCGS guide lists it at $250,000)
Obviously if this were "real" you have many options. However, here I would think most of you would automatically by the SPY given past posts and these choices. I have no doubt that many people on here can derail this post quickly with all sorts of subterfuge (i.e what are the other assets invested in, how do I know I can buy the coin at said price, I want to buy mutual funds and multiple index funds, I need to see the coin first, etc) However, I ask you simply to take away the safety net of back proving your advice and choose the option you believe is best. The main point is even when someone makes a good profit, we are then bombarded with other options that would have made them more money. Ok, lets look forward and pick. I will start and purchase the 1796 No Stars quarter eagle. Thanks