Just laughing at those of you who can't grasp when someone is pulling your leg! >>
While that may be the case, there are enough people who come here to discuss investing in coins that many of the points contained herein are worth making given the opportunity. >>
Yes, my original post really was meant to be tongue in cheek. The fact is, I cringe every time I see someone coming to this board looking for "investment" advice.
(who is paying 5.5 right now?) haven't seen that lately. Give clue?
What I would do is sell your bad ones first - the ones that have not lost the most, and put it into cash account. Then after it clears, etc. - transfer to local bank, and incrementally draw it out to purchase gold and silver bullion. Then put some cash under your mattress, some in short term CD's. Not sure if Money Markets are FDIC insured.
Don't expect to double your money on anything - that is completely unrealistic.
Then you need to buy your wife some more jewelry - gold jewelry, and be thankful she still cooks you dinner -- does she?
and drink some relaxing herbal tea. Seriously you need to calm down because it is bad for your blood pressure. One thing at a time.
I don't know what your age is but I assume you are reasonably young if you have savings bonds for the kids - I am 34 and keep about 50% stocks, 20% mutual, 20% cash (money market), 10% coins/metals. I LOVE RISK, WHAT GOES DOWN WILL SURELY GO BACK UP!!!
You might want to sell some, and buy bullion as a stable investment if you insist on having a portion in the coin/metals field. I currently get a hair under 5% on my money market account, and I can withdraw money if I need it with no penalties if there is a really good investment/deal out there.
By the way, the only way you will REALLY lose money is IF you sell low. Unless your wife is threatening you with a divorce if she doesn't see that cash I would probably hold on a little longer.
Either way - Good luck
Derek
Looking for reasonable silver lots (rolls or bars preferred). PM me with what you have.
Amazing. You do a spoof about people pontificating on investment strategies in this venue, and how do they respond? By pontificating on investment strategies
Quis custodiet ipsos custodes?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Get a financial advisor. Why would you invest when the market is up up up. Why not wait for it to drop big then buy low particularly in a good market. These big drops consistently happen then the market shoots back up.
<< <i> If I can double my money in 12 to 18 months, I will be satisfied >>
You and every other money manager in the world! Good thing you are not asking too much. It is clear by this statement you have no business in the investment business. Call a respectable money management firm and give it to them.
<< <i>Amazing. You do a spoof about people pontificating on investment strategies in this venue, and how do they respond? By pontificating on investment strategies >>
<< <i>Amazing. You do a spoof about people pontificating on investment strategies in this venue, and how do they respond? By pontificating on investment strategies >>
You can say that again. >>
OK, I will.
If I've said it once, I've said it twice, satire is wasted on this group
Quis custodiet ipsos custodes?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Did the FED just start "printing money"? I thought that they had been doing that since 1913. Thanks for the new hot info!
But they went ballistic in 1996 by jacking the rate to 10% per year. Usually (when numbers are not fudged), the money supply sort of predicts the TRUE inflation rate. But not satisfied with just 10% per year, they are now galloping at 18% per year to help battle the sub-prime mess.....and losing. When it gets over 20%, that will be hot info. Considering that derivatives (ie debt) are now increasing at 40% per year (total of $515 TRILLION now), it bodes well for much more inflation.....that doesn't technically exist per the BLS. The obvious answer to the sub-prime mess? Create more sub-prime derivatives! Now that was easy.
All of my mutual funds are doubling up each year....and I'm looking for something better. Any ideas au58?
" Market value on a particular 3/2/1 residential property 18 months ago may have been $290k.... today it's at $206k... the seller wants to dump it at $139k. A bank will finance up to $206k (100% of the current market value appraisal) - making the sales price 67.5% of the current market value"
1. A bank will lend the sales price not the appraised value, if they still have any money.
2. Read a book on risk = reward
3. Listen to RYK
4. Maybe his wife had coin jewelry?
5. Think long term or just go to Vegas
This thread has been fun to read but I wouldn't take it to the bank.
<< <i> All of my mutual funds are doubling up each year....and I'm looking for something better. Any ideas au58?
roadrunner >>
I certainly don't have any ideas that I would purport to represent sound investment advice.
The best (and most prudent) idea I've seen in response to this post was offered earlier by 291fifth who said:
<< <i>Don't even consider collectibles (such as coins) of any type. >>
That's my advice too, which is why I cringe every time someone comes here asking for "Investment" advice. Coins are collectibles and a fun hobby. There is no inherent reason that coins should appreciate in value. Sure, there is money to be made. But the average collector (and even advanced collectors) will have a tough time overcoming the buy-sell spread unless he's got an extended "investment" timeline.
It's also important to remember the consistently sound advice that Julian offers - this is all discretionary, nobody NEEDS to collect coins (or words to that effect).
Well like everything else in this world some are and some aren't; the key is knowing which and when. I think people who say they aren't are those for whom long term is the only way to invest. Nothing wrong with actively managing your investments and takin yer profits when the opportunity arises. Thing is it aint for everybody. Many say stocks are a good investment, but I know folks who won't touch em with a 10 foot pole.
Comments
<< <i>Or you can go to Vegas an bet that the Bengals will beat the Steelers on Sunday night.
Get real!
I knew that would wake up some Steeler fans!
<< <i>I know several Nigerian bank officials who may be able to help you. >>
You wouldn't believe how long it took to get him to sit still for this.
Buy as many slabbed coins as you can afford
Crack em all out
Resubmit as a bulk submission
Get all upgrades
Sell em and make a bazillion dollars!
NOT!
Get a financial advisor before your wife finds out you sold her jewelry!
The name is LEE!
<< <i>
<< <i>Or you can go to Vegas an bet that the Bengals will beat the Steelers on Sunday night.
Get real!
I knew that would wake up some Steeler fans!
Why you little...
Put it all on black.
You wusses. Put it all on "00"
<< <i>
<< <i>
Just laughing at those of you who can't grasp when someone is pulling your leg! >>
While that may be the case, there are enough people who come here to discuss investing in coins that many of the points contained herein are worth making given the opportunity. >>
Yes, my original post really was meant to be tongue in cheek. The fact is, I cringe every time I see someone coming to this board looking for "investment" advice.
<< <i>You should still put it all on black! >>
Or red.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>Do NOT follow your plan... get a financial advisor... put your money in mutual or money funds... calm down. Cheers, RickO >>
What he said.... by COB
Web Application Architect - ColdFusion, AJAX, CSS, XHTML, JavaScript, Oracle, MySQL
I decided to wait until tomorrow.
Buy CDs and accept a ~5.5% return.
(who is paying 5.5 right now?) haven't seen that lately. Give clue?
What I would do is sell your bad ones first - the ones that have not lost the most, and put it into cash account. Then after it clears, etc. - transfer to local bank, and incrementally draw it out to purchase gold and silver bullion. Then put some cash under your mattress, some in short term CD's. Not sure if Money Markets are FDIC insured.
Don't expect to double your money on anything - that is completely unrealistic.
Then you need to buy your wife some more jewelry - gold jewelry, and be thankful she still cooks you dinner -- does she?
and drink some relaxing herbal tea. Seriously you need to calm down because it is bad for your blood pressure. One thing at a time.
and don't read this until after the tea:
shadow banking from CNN (in our face)
You might want to sell some, and buy bullion as a stable investment if you insist on having a portion in the coin/metals field. I currently get a hair under 5% on my money market account, and I can withdraw money if I need it with no penalties if there is a really good investment/deal out there.
By the way, the only way you will REALLY lose money is IF you sell low. Unless your wife is threatening you with a divorce if she doesn't see that cash I would probably hold on a little longer.
Either way - Good luck
Looking for reasonable silver lots (rolls or bars preferred). PM me with what you have.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Ed to correct spelling
<< <i>
<< <i>You should still put it all on black! >>
Or red. >>
Maybe he should put 1/2 on black and 1/2 on red
Looking for reasonable silver lots (rolls or bars preferred). PM me with what you have.
double in 12-18 months. LOL
<< <i>
If I can double my money in 12 to 18 months, I will be satisfied >>
You and every other money manager in the world! Good thing you are not asking too much. It is clear by this statement you have no business in the investment business. Call a respectable money management firm and give it to them.
<< <i>This is either pathetic or really, really, REALLY pathetic. Let's hope for the former. >>
No, it's really, Really, REALLY, REALLY pathetic.
A coin board for investment advice - that's like calling kittens biscuits
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>Amazing. You do a spoof about people pontificating on investment strategies in this venue, and how do they respond? By pontificating on investment strategies
You can say that again.
<< <i>
<< <i>Amazing. You do a spoof about people pontificating on investment strategies in this venue, and how do they respond? By pontificating on investment strategies
You can say that again. >>
OK, I will.
If I've said it once, I've said it twice, satire is wasted on this group
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
But they went ballistic in 1996 by jacking the rate to 10% per year.
Usually (when numbers are not fudged), the money supply sort of predicts the TRUE inflation rate. But not satisfied with just 10% per year, they are now galloping at 18% per year to help battle the sub-prime mess.....and losing. When it gets over 20%, that will be hot info. Considering that derivatives (ie debt) are now increasing at 40% per year (total of $515 TRILLION now), it bodes well for much more inflation.....that doesn't technically exist per the BLS.
The obvious answer to the sub-prime mess? Create more sub-prime derivatives! Now that was easy.
All of my mutual funds are doubling up each year....and I'm looking for something better. Any ideas au58?
roadrunner
" Market value on a particular 3/2/1 residential property 18 months ago may have been $290k.... today it's at $206k... the seller wants to dump it at $139k. A bank will finance up to $206k (100% of the current market value appraisal) - making the sales price 67.5% of the current market value"
1. A bank will lend the sales price not the appraised value, if they still have any money.
2. Read a book on risk = reward
3. Listen to RYK
4. Maybe his wife had coin jewelry?
5. Think long term or just go to Vegas
This thread has been fun to read but I wouldn't take it to the bank.
U.S. Type Set
Dan
First Place Winner of the 2005 Rampage design contest!
<< <i> All of my mutual funds are doubling up each year....and I'm looking for something better. Any ideas au58?
roadrunner >>
I certainly don't have any ideas that I would purport to represent sound investment advice.
The best (and most prudent) idea I've seen in response to this post was offered earlier by 291fifth who said:
<< <i>Don't even consider collectibles (such as coins) of any type. >>
That's my advice too, which is why I cringe every time someone comes here asking for "Investment" advice. Coins are collectibles and a fun hobby. There is no inherent reason that coins should appreciate in value. Sure, there is money to be made. But the average collector (and even advanced collectors) will have a tough time overcoming the buy-sell spread unless he's got an extended "investment" timeline.
It's also important to remember the consistently sound advice that Julian offers - this is all discretionary, nobody NEEDS to collect coins (or words to that effect).