Sheepdog1968
Member
There's a media finance person in the San Francisco Bay Area (Rob Black) who has talked about alternate forms of investment. His adivice is until you have at least 1 million dollars from the standard ways (401Ks, IRAs, non retirment funds) in the stock market, do NOT start alternate investments.
There are quite a few options once you have this money. What I typically see as the theme for the other forms of investment is getting top end rare stuff. Anything that is specifically labeled as a collectible (think Franklin Mint, commerative firearms, etc) probably isn't and should be avoided.
Most of us are unskilled enough in most areas where we would loose our shirts. There is a big difference between making a few hundred dollars profit and sinking several hundred thousand of dollars into this.
Personally, I have stayed to the boring stock market index mutual funds from Vanguard. It is slow and steady and boring (we all like exciting don't we) but over a lifetime, it has been shown to work over and over.
Two books I'd suggest:
Millionaire Next Door (will debunk lots of millionaire myths; I think it's by a "Stanley")
The Little Book on Investing by Boggle (or Boggel; or maybe just one g in the name)
Again, these are all my personal opinions. Don't take this as any professional advice.
There are quite a few options once you have this money. What I typically see as the theme for the other forms of investment is getting top end rare stuff. Anything that is specifically labeled as a collectible (think Franklin Mint, commerative firearms, etc) probably isn't and should be avoided.
Most of us are unskilled enough in most areas where we would loose our shirts. There is a big difference between making a few hundred dollars profit and sinking several hundred thousand of dollars into this.
Personally, I have stayed to the boring stock market index mutual funds from Vanguard. It is slow and steady and boring (we all like exciting don't we) but over a lifetime, it has been shown to work over and over.
Two books I'd suggest:
Millionaire Next Door (will debunk lots of millionaire myths; I think it's by a "Stanley")
The Little Book on Investing by Boggle (or Boggel; or maybe just one g in the name)
Again, these are all my personal opinions. Don't take this as any professional advice.