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goodbyeclarity feel what it's like to be new.

learn to invest (read all 2 entries…)
Still so confusing

I’ve been trying to read up on investopedia.com. I’m still confused. I really hope to get this figured out by January. 2012 is the year that I will start investing!



Comments:

inner guru A year from now you may wish you had started today. – Karen Lamb

Idea: buy metals

Silver (maple leafs) have already worked for me. If you have the funds do gold.

Minted coins, in ounce sizes, can be bought through a bank, but the fees are higher. Find a reputable coin dealer in your area. Stop in. Talk, Learn. Buy … even a little to begin. In Canada, Maple Leafs are usually sold in ‘leaves’ of 25 ingle ounces pieces. However, one can also buy silver dollars – a few at a time.

Usually over the short term, but definitely over the long haul – You can’t lose buying metal – provided that you don’t allow yourself to panic if you get low on funds. The rule of thumb: buy low, sell high is the key.

(I don’t mean a certificate that says you have meal. I mean the actual metal.)

And you’ll need a safety deposit box to keep the ounces in, but then getting your investment is subject to bank hours. Better yet, get a quality home-safe. Put it somewhere secure. (Keep to the law of silence.) Use to screw bolts to ‘nail it down’.

You Can do this!

goodbyeclarity feel what it's like to be new.

Come to think of it, hubby has has an interest in buying metal for a long time now but we’ve never really discussed it at length. This is great advice, thanks! I’ll definitely have to check into it!


 

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