Where to slowly put $5000 for emergency savings

[SPEKTOR-AAA]

Glad-

Here ya go. This is a platform for you to think about. The reason you want to play the money markets as opposed to say "silver" is a term we call compound interest. Over the term of typical investments IF YOUR SMART you can yield a 6-10% return on your investment. Remember this is long term dealings not 2 years flips, you definately will not see you money grow in that amount of time. Here some food for thought:

Example: Glad

25 year old Glad wants to retire at 65
Take the 2500 your going to put into silver and invest initially into financial market
40 years
ROI of say 6%

With a monthly investment of $255.00 in 40 yrs you will have 500,000.

 

[redshirt27se]

Silver is not a long term investment, Glad. It's an okay way to hedge inflation, nothing more. 10 years from now it might be worth $100 an ounce and WOW Look at all that profit!!!! Except in 10 years 100 bucks will be worth dick.

 

[stevesmi]

love ya bro but silver is up 100% in the past year.

the buy in silver was a year ago, not today. you are late. any small correction in silver prices and you could lose 20-30% .. I would sell here and buy back when it pulls in. I own a little silver but sold almost all of it. I will take my profit and run

in fact it was the best sector last year so the chances that it repeats the performance are very slim. I'm not a fan of buying things when they go up 100% that fast. be careful.

there is a reason on tv there are a million commercials trying to sell people gold and silver.. they want to unload and they want suckers to buy their gold and silver for premium prices. if you were to take that $200 worth of silver you just bought and go try to sell it you would probably only get half that for them. thats how brokers make money, thats how bookies make money. charging spreads or 'juice' as its known in the sports world.

$1 face value of silver would probably get you $4-6 if you were to sell it. but I am gonna guess you paid more like $8-12.. am i right?

 

[the.gladiator1987]

love ya bro but silver is up 100% in the past year.

the buy in silver was a year ago, not today. you are late. any small correction in silver prices and you could lose 20-30%

in fact it was the best sector last year so the chances that it repeats the performance are very slim. I'm not a fan of buying things when they go up 100% that fast. be careful.

there is a reason on tv there are a million commercials trying to sell people gold and silver.. they want to unload and they want suckers to buy their gold and silver for premium prices. if you were to take that $200 worth of silver you just bought and go try to sell it you would probably only get half that for them. thats how brokers make money, thats how bookies make money. charging spreads or 'juice' as its known in the sports world.

$1 face value of silver would probably get you $4-6 if you were to sell it. but I am gonna guess you paid more like $8-12.. am i right?

imo silver is gonna keep going up. I am not expecting it to go up 100% again in a year or 2. But maybe like 10-15 years. The thing with silve is that you have the actual investment in your hand. You dont have an online portfolio or a piece of paper saying its worth X amount. Silver is worth it in itself.

I wish I would have known about silver a long time ago, last year like you said

I just paid 100 bucks for $4.00 face value (40 roosevelt dimes). So I paid 25 dollars per $1.00 face value

$1.00 face value of 90% silver coins will be worth around 25 bucks so Im actually paying around the premium, or spot price.

 

[stevesmi]

it is a complete myth that the US dollar has weakened much at all. in the past 5 years the dollar index is almost flat.

also it is also a myth that gold and silver do well in bad times. back in 2008 when the economy was going into a recession and the stock market was tanking gold dropped 30% and silver dropped almost 50%

 

[PICK3]

it is a complete myth that the US dollar has weakened much at all. in the past 5 years the dollar index is almost flat.

also it is also a myth that gold and silver do well in bad times. back in 2008 when the economy was going into a recession and the stock market was tanking gold dropped 30% and silver dropped almost 50%

Warren Buffett remains optimistic about U.S. future - Business - Stocks & economy - msnbc.com

 

[lartinos]

it is a complete myth that the US dollar has weakened much at all. in the past 5 years the dollar index is almost flat.

also it is also a myth that gold and silver do well in bad times. back in 2008 when the economy was going into a recession and the stock market was tanking gold dropped 30% and silver dropped almost 50%

Sounds like steve did his HW on this. In the past year I have had thoughts about converting to Gold or Euros. I should have, but it is probably too late to jump on the bandwagon.

 

[75th]

imo silver is gonna keep going up. I am not expecting it to go up 100% again in a year or 2. But maybe like 10-15 years. The thing with silve is that you have the actual investment in your hand. You dont have an online portfolio or a piece of paper saying its worth X amount. Silver is worth it in itself.

I wish I would have known about silver a long time ago, last year like you said

I just paid 100 bucks for $4.00 face value (40 roosevelt dimes). So I paid 25 dollars per $1.00 face value

$1.00 face value of 90% silver coins will be worth around 25 bucks so Im actually paying around the premium, or spot price.

Jesus what a dumbshit.

 

[lartinos]

You paid 100 dollars for 4 dollars???

 

[75th]

I also love how he says "imo silver is gonna keep going up."

I wonder how many hours of extensive research and studying the commodities market and it's relation to FOREX he's basing his opinion on.