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Invest in retirement or buy CRO ad coins?

2ltdjorn2ltdjorn Posts: 2,329 ✭✭✭✭
Tempted...
WTB... errors, New Orleans gold, and circulated 20th key date coins!

Comments

  • WalkerfanWalkerfan Posts: 8,896 ✭✭✭✭✭
    Do each 50/50. image

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • PTVETTERPTVETTER Posts: 5,880 ✭✭✭✭✭
    coin collecting should be a hobby NOT an investment tool?
    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


  • PaleElfPaleElf Posts: 990 ✭✭✭
    Retirement, so you can buy more coins latter on.
  • coindeucecoindeuce Posts: 13,471 ✭✭✭✭✭
    Maybe HRC could advise you on how to set up a tax sheltered "Foundation" or a Delaware Corporation ? image

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.americanlegacycoins.com

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Originally posted by: 2ltdjorn

    Tempted...




    I have a few and I have glossies of each.



    mark
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • BoosibriBoosibri Posts: 11,839 ✭✭✭✭✭
    I bought the last one
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    For me, coin collecting should be a hobby.

    I think risk capital should be used for other things besides coins.

    Income and net worth's vary, but I think collectors should only have a small percentage of these as their coin collection.

    Your retirement fund should grow as you get older. You need to start saving in your 20's and get in the habit.

    In your 30's you should have at least your annual salary saved for retirement.

    In your 40's you should have at least three times your annual salary saved.

    In your 50's it should be 4-5 times.

    In your 60's it should be at least 6 times.

    Unfortunately most Americans fall far short.

    Before putting money into coins, you should
      Have your kids college educations funded.Have your mortgage paid off.Have your retirement funded.
  • ElcontadorElcontador Posts: 7,412 ✭✭✭✭✭
    Originally posted by: coindeuce

    Maybe HRC could advise you on how to set up a tax sheltered "Foundation" or a Delaware Corporation ? image




    Setting up a private foundation is easy. Getting it funded is another matter.



    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Originally posted by: 2ltdjorn

    Tempted...




    Retirement ain't all it's cracked up to be . . .



    Buy those coins then work till ya drop ! ! ! image



    HH



    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • MidLifeCrisisMidLifeCrisis Posts: 10,504 ✭✭✭✭✭
    Originally posted by: halfhunter

    Originally posted by: 2ltdjorn

    Tempted...




    Retirement ain't all it's cracked up to be . . .



    Buy those coins then work till ya drop ! ! ! image



    HH







    This!
  • ambro51ambro51 Posts: 13,579 ✭✭✭✭✭
    Too Funny
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Coin collecting is a hobby, until it becomes a business.... Retirement is the future, if you have one. Cheers, RickO
  • david3142david3142 Posts: 3,388 ✭✭✭✭✭
    Originally posted by: TopographicOceans

    For me, coin collecting should be a hobby.



    I think risk capital should be used for other things besides coins.



    Income and net worth's vary, but I think collectors should only have a small percentage of these as their coin collection.



    Your retirement fund should grow as you get older. You need to start saving in your 20's and get in the habit.



    In your 30's you should have at least your annual salary saved for retirement.



    In your 40's you should have at least three times your annual salary saved.



    In your 50's it should be 4-5 times.



    In your 60's it should be at least 6 times.



    Unfortunately most Americans fall far short.



    Before putting money into coins, you should

      Have your kids college educations funded.
      Have your mortgage paid off.
      Have your retirement funded.






    I'm ok with everything but the mortgage advice, which may be comforting to people who just don't like debt but is absolutely incorrect for many. Look up consumption smoothing.

  • BoosibriBoosibri Posts: 11,839 ✭✭✭✭✭
    I wouldn't be surprised if this CRO coin turned out to be a good investment.



    imageimage
  • MrEurekaMrEureka Posts: 23,891 ✭✭✭✭✭
    Originally posted by: 2ltdjorn
    Invest in retirement or buy CRO ad coins?

    Tempted...



    If you have to ask, don't buy the coin.

    Of course, I would never ask.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • WeissWeiss Posts: 9,934 ✭✭✭✭✭
    I'm a strong proponent of the idea that you need to live modestly, within your means.

    But I also believe that you should experience real passion and enjoyment in your life. If that means travel, travel. If that means eating well, eat well.

    If that means owning the finest example of a rare coin, or owning a work of art your peers could never blow that kind of money on: Blow that kind of money.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,638 ✭✭✭✭
    If you asked me, I'd tell you to fund your retirement.
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    Originally posted by: CoinRaritiesOnline
    If you asked me, I'd tell you to fund your retirement.


    Words of wisdom!
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • WalkerfanWalkerfan Posts: 8,896 ✭✭✭✭✭
    Originally posted by: Weiss

    I'm a strong proponent of the idea that you need to live modestly, within your means.



    But I also believe that you should experience real passion and enjoyment in your life. If that means travel, travel. If that means eating well, eat well.



    If that means owning the finest example of a rare coin, or owning a work of art your peers could never blow that kind of money on: Blow that kind of money.





    image



    Life is all about balance.



    Neither your retirement nor your passions should be neglected.



    Distribute your wealth evenly to reflect this.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,793 ✭✭✭✭✭
    Buy the coin, not the BS here. image
  • jwittenjwitten Posts: 5,072 ✭✭✭✭✭
    Originally posted by: TopographicOceans
    For me, coin collecting should be a hobby.

    I think risk capital should be used for other things besides coins.

    Income and net worth's vary, but I think collectors should only have a small percentage of these as their coin collection.

    Your retirement fund should grow as you get older. You need to start saving in your 20's and get in the habit.

    In your 30's you should have at least your annual salary saved for retirement.

    In your 40's you should have at least three times your annual salary saved.

    In your 50's it should be 4-5 times.

    In your 60's it should be at least 6 times.

    Unfortunately most Americans fall far short.

    Before putting money into coins, you should
      Have your kids college educations funded.Have your mortgage paid off.Have your retirement funded.

    I am a believer in what Dave Ramsey teaches... which is close to this. However, I think it is ok to have some fun money, or hobby money. You can use that for coins while you are paying off house, etc. Do not spend more than you should though.
  • ElcontadorElcontador Posts: 7,412 ✭✭✭✭✭
    John has gone slumming. I saw an SBA and a Franklin Half on his website.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • coindeucecoindeuce Posts: 13,471 ✭✭✭✭✭
    Powerball or MegaMillions !

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.americanlegacycoins.com

  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,638 ✭✭✭✭
    Originally posted by: Elcontador

    John has gone slumming. I saw an SBA and a Franklin Half on his website.




    I prefer to think of it as offering a wide variety of coins to suit collectors of all kinds.

  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    Originally posted by: jwitten
    Originally posted by: TopographicOceans
    For me, coin collecting should be a hobby.

    I think risk capital should be used for other things besides coins.

    Income and net worth's vary, but I think collectors should only have a small percentage of these as their coin collection.


    I am a believer in what Dave Ramsey teaches... which is close to this. However, I think it is ok to have some fun money, or hobby money. You can use that for coins while you are paying off house, etc. Do not spend more than you should though.


    I'm not advocating everybody sit at home in the dark. Life is an adventure and there has to be some fun and pleasure in it.

    Go out to dinner, a movie, a ball game or on vacation - and collect some coins if that is what you like to do. Just do it in moderation.

    You don't want to be a 70 year-old guy standing on the street corner with a "Will work for food" sign, so you have to plan for the future. It will come.

    I've been both (heavily) in debt and debt free, and debt free is nicer.

    Even though I claim to be debt free now, I'm not. It's like dirty dishes. As soon as you have a meal after you wash them, you've got dirty dishes again.

    I charge everything I can on credit cards, but I pay the bill in full each month. The only reason is because I get cash back rewards.

    Unless you're a dealer, NEVER borrow money to buy a coin. The only smart debt is to fund a business and make money from it.
  • mustangmanbobmustangmanbob Posts: 1,890 ✭✭✭✭✭
    In your 50's it should be 4-5 times.

    In your 60's it should be at least 6 times.


    Logic falls apart when a person is laid off in the 50's.

    Income = 0, retirement 4 - 5 x 0 = Not a good plan.

    I am 100% in favor of savings, however, retirement plan Y or N is significant.

    My wife's parents, in their 80's, live comfortable, very nice home, newish vehicle, no financial worries.

    He is retired US Government and she is retired teacher. He has stated that they have never touched their savings, as their retirement checks are more than they spend, and they have been retired for 25+ years.

    I believe coins are a luxury, and ALL bills must be paid, but every paycheck HAS to have a little fun in it, or the average person will quickly go nuts and BLOW a large amount and have significant debt for years to come.
  • pruebaspruebas Posts: 4,301 ✭✭✭✭✭
    Or you could buy the coin and invest in CRO's retirement.
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    Don't be selfish - buy Coins until you have no room for any more.



    Otherwise how are the friendly Coin Dealers going to fund THEIR retirement ?
  • CoinRaritiesOnlineCoinRaritiesOnline Posts: 3,638 ✭✭✭✭
    Originally posted by: pruebas

    Or you could buy the coin and invest in CRO's retirement.




    I'm going to let you in on a secret: If I was retired, I would be doing exactly what I'm doing right now.

  • BoosibriBoosibri Posts: 11,839 ✭✭✭✭✭
    Originally posted by: CoinRaritiesOnline

    Originally posted by: pruebas

    Or you could buy the coin and invest in CRO's retirement.




    I'm going to let you in on a secret: If I was retired, I would be doing exactly what I'm doing right now.





    Great response
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,793 ✭✭✭✭✭
    Invest in yourself. You let CRO do what they do best. I like it.
  • RehctelfRehctelf Posts: 103 ✭✭
    He who dies with the most coins wins ;-)
  • OriginalDanOriginalDan Posts: 3,713 ✭✭✭✭✭
    TREAT YO'SELF!!

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