Stacking... where's the limit?

mrpaseo

Getting past the fact that we need to pay our bills first, don't spend all your money in one place on one item and be sure to diversify your "Savings/investments", I am curious to know...

For those of you that started a long time ago, did you have an initial amount that you were pursuing (For example, 500 oz of Silver) and then changed the amount once you hit that level?

If so, how many times did you change your goal amount and what was the motivation?

I understand all situations are different (Financial position, market understanding etc...), that said, I would imagine our stack is much like savings or investments in that when we meet our goal... our goal just becomes larger.

(Please do not give actual numbers to identify what you are holding or how close you are to getting to your goal).

Ray

guitarwes

Some folks like to do a certain % of their net worth, some like do a specific target goal of X number of oz., some like to buy with alloted funds every week/month/annual, some folks like to acquire whenever a good deal comes along.

I think I like "a target of X number of oz." approach the least. With a certian % of your net worth, the number is (hopefully) always changing and increasing, same as with the other approaches mentioned. Yes, when you reach your goal you can always set a higher goal, but sometimes it can jade you in the acquisition process, especially if you get too antsy at the start. Slow and steady......

I have no set goal. I just buy when a good deal comes along. Sometimes I sell so I can buy a different kind (such as selling 90% to buy ASE's, etc.)

I just turned 35, so I have a bit more advantage than alot of the more seasoned members here with stacking.

mrpaseo

<< <i>Some folks like to do a certain % of their net worth, some like do a specific target goal of X number of oz., some like to buy with allotted funds every week/month/annual, some folks like to acquire whenever a good deal comes along.

I think I like "a target of X number of oz." approach the least. With a certian % of your net worth, the number is (hopefully) always changing and increasing, same as with the other approaches mentioned. Yes, when you reach your goal you can always set a higher goal, but sometimes it can jade you in the acquisition process, especially if you get too antsy at the start. Slow and steady...... >>



I like that, I have only thought of stacking as hitting a goal... hmmmm. got me thinking now. I like the thought of a percentage of my net worth, this should keep me in pace and stop me from putting to many eggs in one basket (Not that I have a lot of eggs...lol, just want to spread them out so they look like I have more).

Thanks for your input,
Ray

CNote

I just turned 33, am very new to this game, and am working on my first 100. I'm partial (in fact strongly prefer) international rounds and ASEs. It's tough to purchase right now due to some house work, and saving up for a trip for my 10th anniversary.

derryb

one should eliminate high interest debt (credit card?) before seriously stacking. My stack is nothing more than a place to park the cash I don't need in the immediate future. When I need more cash, sell some of the stack. When I get extra cash, add to the stack.

CNote

<< <i>one should eliminate high interest debt (credit card?) before seriously stacking. My stack is nothing more than a place to park the cash I don't need in the immediate future. When I need more cash, sell some of the stack. When I get extra cash, add to the stack. >>



That's spot on with how I'm approaching it.

nibanny

<< <i>one should eliminate high interest debt (credit card?) before seriously stacking. My stack is nothing more than a place to park the cash I don't need in the immediate future. When I need more cash, sell some of the stack. When I get extra cash, add to the stack. >>

mrpaseo

<< <i>I just turned 33, am very new to this game, and am working on my first 100. I'm partial (in fact strongly prefer) international rounds and ASEs. It's tough to purchase right now due to some house work, and saving up for a trip for my 10th anniversary. >>




I hear you, we are saving up for our 20th (Next year). Funds are tight (I am retired/unemployed) so I save up the fiat bucks and buy when I can Of course there is always house work to be done but I budget it and if we can afford it, we do it... the PM budget stays the same...lol.

Thankfully, my wife/daughter understands my motivation to "Diversify" into what some call "Real money"...lol. I am working to get our 16 y/o daughter into building a stack Hopefully she will jump on board.

Ray

mrpaseo

<< <i>one should eliminate high interest debt (credit card?) before seriously stacking. My stack is nothing more than a place to park the cash I don't need in the immediate future. When I need more cash, sell some of the stack. When I get extra cash, add to the stack. >>



My outlook as well, though I am doing my best to not sell. I am "In it for the long haul"...lol. I am a planner and I project my budget out 12 months (Sometimes 18 months), that said, i cover annual expenses by saving monthly for them.

As I learn more, I will probably sell/buy to obtain a better position for my family.

Thank you all for your input,
Ray

jmski52

It's a long story, but I've never designated a specific number of ounces or a dollar amount as a target for accumulating metals. I do calculate my %'s from time to time, but I don't have a strict ratio in mind.

My stack is nothing more than a place to park the cash I don't need in the immediate future. When I need more cash, sell some of the stack. When I get extra cash, add to the stack. = "The Piggy Bank Concept"

It works just fine. At least you know where your money is, as opposed to money that resides in a bank account, (which could be irretrievably on the other side of the world and you'd never know it).

Baley

I have as much silver as I can carry by myself in a box or backpack. The rest of my PM money goes to gold and platinum.

When I can't carry that, I'll be at my limit. I'm a long way off

ricko

<< <i>one should eliminate high interest debt (credit card?) before seriously stacking. My stack is nothing more than a place to park the cash I don't need in the immediate future. When I need more cash, sell some of the stack. When I get extra cash, add to the stack. >>



Yep.... and having started a long time ago, I can say with confidence, this plan works. Cheers, RickO

Downtown1974

I treat my PM purchases as a monthly bill. I allocate a certain amount each month just for PMs. I usually get some ASEs on a monthly basis otherwise I save it for a few months and get some fractional AGEs or a larger silver purchase. Im almost 40, so I have a solid 25 years until I retire. As I get closer to retirement age, my PM purchases will become less frequent and I will just leave them "parked" similar to what derryb is doing.