IAppreciateIt
no bunting allowed
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is there any reason to suspect those are more recession proof than the general market / commodities?
is there any reason to suspect those are more recession proof than the general market / commodities?
So I inherited a coin collection prolly worth something like $5k. Its damn hard to figure out whether a silver dollar is like shiny because its polished and only worth like $20 or if its mint and worth like $200. Also costs like $20 to grade a coin, so if its the former you've just wasted the entire value of the coin getting it graded.
But like every coin collector these days has to be 60+.... there can't possibly be a premium market for this shit 50 years from now with the smartphone generation.
My natural inclination is to actually build upon the collection, cherish it and improve upon it. But there seems like there's a reasonable expectation that 30 years from now all coin collectors will have died off and the market is flooded with heirs selling the shit with no buyers. What say ye, investment thread?
Classic cars and art seem to be the only things that actually increase in value these days. So if you're not moving in those circles, stick to an index fund for all your investment needs.
thinking about doing some rebalancing and recession proofing. is there a general recommendation on diversification between stocks, gold/commodities, robo-advisors that are tilted towards safer stuff?
Basic 3 index fund portfolio. Easy peasy.
70-80% total stock index with 20-40% international and 60-80% US.
20-30% total bond index
Much more money has been lost anticipating the drop than in the drop itself. paraphrased from Peter Lynch
Basic 3 index fund portfolio. Easy peasy.
70-80% total stock index with 20-40% international and 60-80% US.
20-30% total bond index
Much more money has been lost anticipating the drop than in the drop itself. paraphrased from Peter Lynch
How would this advice change for people in their 60's close to retiring? Parents are looking for safer options than the market and I'm convincing them not to just use their new 2% savings account.