Monday, August 15, 2011

Save Money

Just when I thought the economy couldn't get any worse the stock market took another nose dive a few days ago. This will simply take another large chuck out of my already chunked tax sheltered annuity plan. Bad timing I guess since I had just gotten a letter from those TSA folks about what my account was worth if I wanted to take it all out in one large sum. OOPS!
The more I look at the economy the more I realize that the thinking we had as children was much better than the thinking we have as adults. Stocks and bonds sound ggod to most adults as an investment for their future but perhaps it is time to re-think that thought.
When we were kids we were certain that those baseball cards, stamps and old pennies we had were going to make us rich someday. Well, folks, looks like these days have come.
No matter how good or bad the economy is there are always people looking to invest in old coins like the morgan silver dollars. These silver dollars were a United States dollar coins minted intermittently from 1878 to 1921. These coins have rarely, if ever, been a money loser for collectors and, the older they become the more valuable most of them become.
Okay, so you'd rather have some silver coins that came from a time a little closer to your lifetime? How about some very nice Kennedy Half Dollars? These half dollars, meant to be a memorial to the assassinated John F. Kennedy began being minted in 1964. These coins, like the Morgan Silver Dollars are worth their price and are a great way to start or add to a collection of silver coins.
If, like me, you are tired of hearing little but bad news about the economy and the stock market, think like you did as a kid, start collecting coins that will, at the very least, hold their value. Most coins will increase in value and are an excellent source of investment strategy. Check out the coins and their current values then decide which ones are a good fit for you and your budget.

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