I think we all agree 2016 needs to end, asap. It’s been a long year with too much turbulence.
Let’s make 2017 a better year. It’s a tradition to set New Year’s resolutions to inspire and motivate us to become better versions of ourselves. Typically, they last about a month and a half, statistically, but I think we can improve upon that this year.
Personally, I have a LOT of resolutions on my list. One, in particular, is to work on my investing. I have the unique opportunity to work at a precious metals dealer where I can ask some of the most intelligent bullion business owners questions what to buy.
I am a big fan of silver. It’s industrial, it’s offered in a myriad of shapes and designs, and it fits my budget. My plan is to devise a schedule for investing and stack my silver.
I’ve read recently that millennials are apprehensive to invest in the stock market and much more likely to buy physical bullion. Technically, I’m a millennial, and I can understand that perspective. For many my age, we like tangible proof of our investments. The idea that we have stock somewhere, doing something is less comforting to us than opening our old Nike shoebox to take a gander at our gold, silver, etc.
For the millennials who read this, what are your thoughts? How do you feel comfortable investing (if you do invest)? Do you currently buy bullion or stocks?
For the more experienced, how do you suggest millennials get started? What metal is good for beginners, and how would you suggest they purchase (rounds, coins, bars)?
I think the millennial group could gain a lot of wisdom from the generations before us. Investing is, in my opinion, essential for a secure future; however, if you have not been taught where to begin, it can be a very scary idea.
I’d love to get your feedback on investing and your New Year’s resolutions!
Im realtively new to investing in metals or investing in general. I’m also 20 and still in college, i have started to stack silver for future purposes being that it’s relatively cheap (under $20 an ounce) so i can invest even if im strapped for cash and not take a huge hit to my wallet or bank account. My advice is play slow, buy low so you get the highest yeild when you decide to sell off portions, i dont buy any special coins and stick to what is cheapest, again being that i am strapped for cash. My other thing is read up and do research, look at articles and videos, watch the graphs, i even signed up for a few e-courses (the free ones of course). Just make sure you have a basic understanding at least before jumping in big time.
Wonderful advice; Thanks for your input! Investing at 20 years old is impressive!
I stack silver, I don’t invest in PM. most people will lose their ass looking at gold or silver as an investment. better to treat it as a measure of hedging your wealth.
the difference, investing creates and comes with risk; stacking less so
Excellent points!
-pay off debt
-buy bullion to play gold/silver/platinum/palladium/rhodium ratio
-buy government issued coins(semi numismatic) for long haul (think grandchildren)
-play options if you can handle the risk.
Great advice for new or veteran investors!