Posted By:
Frank WakefieldIt matters not that prices for something have gone up... that is not a valid indicator of a good investment. If it was, then invest in human cadaver tissue business, that should be booming, maybe AlloSource of Centennial, Colorado would be a good choice, since their #1 competitor in North Carolina is under investigation. Or buy enriched uranium... it would fetch a fine price in Iran or North Korea.
You want investments... #1 an education. #2 a home. #3 education for your kids. #4 sound mutual funds, midsize, large, growth, and international. Those are investments. Other stuff is just playing with money. I just know without finding out that when Hal got his Wagner, he didn't remortgage a home, close an IRA, or sell off all of his mutual funds or stocks.
Buying two cases of motor oil when it's on sale is not an investment. You don't invest in a shirt and tie, nor tennis shoes. A car isn't an investment. And baseball cards aren't, if sound judgment is used.
If you can think of the difference between investing and saving it might help understand it all. But probably not, if you thought buying baseball cards was investing in the first place.