Posted By:
Texas TedI am amazed at how this thread has wound its way along into extremes. Once you mention the word investment it has quickly jumped into an attempt to get rich quick.
My earlier post mentioned "diversification". I shifted some of the money out of high tech stocks and into cards (and mostly unsexy 50s cards at that), not as an investment with getting rich in mind, but merely as a hedge against a big drop. It was not unlike dumping dot com stocks and buying plain Jane Municipal bonds paying 2%. Well guess what? It happened.
I was not looking for big investment gains, but loss avoidance. And I liked the cards I had also.
I remember many years ago when I was considering buying a Miro print, the owner of the gallery told me to only buy art you like and never buy with the idea of making money. After all, if it loses value, you still have to look at it, and if you do, its only pleasant if you like it just for the art.
Texas Ted
Starting my third attempt at a second childhood.