Well, I'm a "sure bet" type of guy, I have no doubt there are probably people here who can make you money in stocks and all that. but I don't trust that stuff, it's all beyond me. I buy precious metals, and I mean the actually physical stuff, no stocks or anything on paper.
I don't do it to "buy low and sell high", I just buy them, every paycheck, no matter if they are up or down.
I tried saving paper money, I chip away at it, plus inflation. Tried stocks, they tanked and I got nothing - again, I don't doubt others have made tons of money, so don't let me talk you out of stocks and then down the road the stock you looked at goes through the roof, just saying it's too much risk for me.
I cannot easily spend my coins, can't put them in a vending machine, or buy a McDonalds with them, they have been currency all throughout recorded history and there is not a place on earth they do not hold value.
For the most part they keep up with inflation and while they do go up and down they generally always go up overall and unlike stocks, or paper money, they are always worth at least something and Uncle Sam is none the wiser as to how many I have.
Just my way, again, others probably know more, but I'm a simple guy and it's worked for me, got my nieces/nephews hooked on coins, they are shocked how much money they save, and it's fun for them too seeing who can get the most coins.
( .
) My parents complain about her to me all the time. I told 'em to throw her out, but they just charge her a little rent. (nowhere near enough, IMHO) *sigh* Sorry I can't help ya-I don't have kids, so I can't speak from experience. ~hugs~
