Starting out

When you are just starting out, the most important thing to do is educate yourself.

You can watch YouTube videos on silver stacking (there's is a lot of them) and get into reading about precious metals. Learn what to look for, what you should buying, and what to avoid. Do some research. Look at online retailers, Visit local coin shops, and asks some questions. Be informed before you put in your hard-earned fiat into something you are not too sure about.

Then form an opinion for yourself.

Jumping in right away

My biggest advice to anyone is not to jump in feet first without having to look. It is very important that at the very least you somewhat have an idea of why you're stacking and what you are stacking for.

If you are investing in silver & gold because someone told you "Hey why don't you invest in silver"... honestly, that is not the right way to go about it.

People will go all out buying precious metals and be all excited about it and eventually, in a few months, lose interest in it. How important it is that they understand the true value of precious metals and know why they own precious metals. They just don't believe in precious metals!

Believe in it

I personally know a lot of Stackers like myself who believe in precious metals. They own gold, silver, and platinum. The reason why I invest in precious metals is I believe in it.

I believe precious metals are a great store of wealth. History has shown time and time again how the wealthy have survived by simply buying large amounts of precious metal.

I believe that is a hedge for inflation. Gold and silver not only retain their value, but it also gains in value during tough economic times.

I believe it will protect me against an event of a currency collapse; if the US currency were to collapse I would have transferred my wealth out of that system into real money.

Eggs in one basket

Conventional wisdom dictates that it is essential to have diversification in your asset classes. We are often taught that is vitally important to diversify in order to protect ourselves from risk.

However, some of the most celebrated in business talk about the virtues of having a concentrated portfolio or a concentrated assets class. They go further by saying that it makes very little sense for people who know what they are doing to have a very diversified portfolio. An investment portfolio of 3 or 4 which you truly know about is better than 25.

Diversification is, generally speaking, for people who do not know how to analyze the market. I firmly believe that you are significantly better of to cut an inch wide and a mile deep on investments that match your values.

Find investments that you understand. Then wait patiently. When the right time comes up.... sell, or buy.

^{I am not a financial adviser. This article is not meant to be financial advice. My articles on precious metals share my personal opinion, experiences, and general information on precious metals.}

Best Regards,

@silversaver888

---

😍 #ilikeitalot!😍

Thank you for stopping by to view this article. I post an article daily, and I hope to see you again soon!

Hugs and Kisses 🥰🌺🤙!!!!


This original article of @silversaver888 was first published here.