by Recyclersteve » Mon Jan 01, 2024 1:59 am
Silver4face wrote:Recyclersteve wrote:I’m gonna do something different and mention something that USED TO BE A GOAL, but isn’t realistic anymore.
Specifically, my goal used to be to find (not buy) some silver each month. I’m usually referring to half dollars, but I often go to 4-6 banks and get zero halves of any kind. The percentage of silver in 2023 was actually very good. It’s just hard to get any halves to look through.
Saabman is very fortunate because he’s in an area that seems to have lots of boxes of halves for him to go through. I just don’t have nearly that much supply anymore.
I beg to differ with your "ISN'T REALISTIC ANYMORE." In fact, I have a plan for you: Spend the first two weeks of the month searching halves. If you score, then that month is finished/accomplished etc. if you get skunked, then buy 2-3 boxes of nickels and pull a WAR or two. That way you find silver each month. It's a realistic plan/possibility.
I don’t want to obsess and spend 10-20 hours of my precious time to be able to say I got a single silver coin. To me, time is precious. Coins are nice to have, but not nearly as precious as my time. Even compared to the stock market, there is no comparison. I can easily make $100-200/day in the market. Even compared to finding stuff via scrapping, there is no comparison.
Even if you could flat out guarantee me a silver coin for an hour of my time, it just wouldn’t be worth it. And, of course, it will likely be (on average) several to many hours before I typically find silver. I still do check Coinstar machines as that doesn’t take a lot of time.
So I’ve made up my mind!
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.