Should i Invest?

[WilliamShrugged]

I have 3000 in a bank and i hear a lot about saving dollars will get wiped out due to inflation. What should i do? Invest? I don't know anything about investing:o. So where should i start? I own like 3 silver coins, but i have used some money to start growing food and raising animals so i am trying to find ways to either save or make wealth. Any advice would be helpful.

 

[Acala]

real stuff

I suggest you invest in the tools and supplies you will need to help you make a living in the coming time of austerity.

 

[WilliamShrugged]

I suggest you invest in the tools and supplies you will need to help you make a living in the coming time of austerity.

Thanks, anyone else?

 

[Acala]

and

and maybe some junk silver coins

 

[WilliamShrugged]

and maybe some junk silver coins

What are junk silver coins? all i know is that they have a certain % of silver.

 

[gls]

What are junk silver coins? all i know is that they have a certain % of silver.

Yes, pre-64 dimes and quarters are 90% silver. I second the "tools" suggestion. Stocking up on food is probably not a bad idea either. Basically anything and everything tangible will continue to increase in price (as measured in dollars).

 

[Seraphim]

Yes, pre-64 dimes and quarters are 90% silver. I second the "tools" suggestion. Stocking up on food is probably not a bad idea either. Basically anything and everything tangible will continue to increase in price (as measured in dollars).[/QUOTE]

And in value as demand outpaces supply.

 

[psi2941]

Guns!

 

[jclay2]

Guns!

Love the signature.

 

[WilliamShrugged]

Guns!

Already own a Glock 21, 20G shotgun, and a AK-47. Also own a recurve bow just in case. Buying lots of ammo already so i'm pretty protected psychically

 

[psi2941]

Love the signature.

i was dead serious about the guns.

Already own a Glock 21, 20G shotgun, and a AK-47. Also own a recurve bow just in case. Buying lots of ammo already so i'm pretty protected psychically

do you have a bullet proof vest? assault helmet? aimpoint or eotech for faster tactical engagement? Then train, train, train.

 

[Zippyjuan]

Prior to investing I would try to be sure you have enough money put aside to be able to pay all your bills for 9 months to a year should you lose your income source (used to say about six months but the unemployment will stay about where it is for several years and finding a replacement job will take longer).

 

[WilliamShrugged]

i was dead serious about the guns.



Do you have a bullet proof vest? Assault helmet? Aimpoint or eotech for faster tactical engagement? Then train, train, train.

sir! Yes! Sir!:d

 

[lx43]

First, I would have atleast 9 months to a year of cash, gold, silver available before you consider investing. Emergencies always happen, so why go into debt, paying high interest when you can use your own funds.

Secondly, do not invest until you know what you are doing. I suggest you do a lot of reading before you make any investments. You should know how to read income statements, balance sheets, cash flow statements, and be able to read 10K, 10Qs, etc.

You will lose your hard earned money if you don't know what your doing and that violates one of the investing ten commandments.

 

[psi2941]

aimpoint
http://www.migunowners.org/forum/showthread.php?t=112073

 

[WilliamShrugged]

First, I would have atleast 9 months to a year of cash, gold, silver available before you consider investing. Emergencies always happen, so why go into debt, paying high interest when you can use your own funds.

Secondly, do not invest until you know what you are doing. I suggest you do a lot of reading before you make any investments. You should know how to read income statements, balance sheets, cash flow statements, and be able to read 10K, 10Qs, etc.

You will lose your hard earned money if you don't know what your doing and that violates one of the investing ten commandments.

what are some good start off books to help learn how to invest?