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Selling the Stack


RacerCool

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4 hours ago, RacerCool said:

Nope, that's one of the reasons it hurt so much: it was the worst time to sell, with the market being so low for silver and gold.  So I actually ended up losing some of my investment.  But I knew that that's part of the risk.  On the one hand, if the economy goes off the rails, and silver and gold shoot up in value, then I'd be doing very well.  But on the other hand, if the exact situation happens that happened, then I'd lose some of my investment. 

The upside is that I still have everything else, including my health.  It's just "stuff", at the end of the day.  As Tolkien said by way of Gandalf: "If a man cannot let go of a treasure in time of need, then he is in fetters."  And I still have the means to rebuild, if not as quickly as I'd like.

From one Tolkien fan to another, I’m sorry you had to sell some of your stack. I hope you can get those items back once things start looking up for you again (just as Pippin got his Elven brooch back). Take care. 

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14 hours ago, westminstrel said:

From one Tolkien fan to another, I’m sorry you had to sell some of your stack. I hope you can get those items back once things start looking up for you again (just as Pippin got his Elven brooch back). Take care. 

I appreciate the encouragement, mellon!

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I would suggest you build a CASH reserve to go alongside your stack. And that is advice I would aim at ALL stackers.

The #1 mistake I see nearly all stackers make is not what they stack but that they don't have at least 3 months of cash reserve so they aren't forced to liquidate to meet unexpected expenses that life tends to throw up at you.

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