Added: 3 years ago
From: starmoon937
Views: 49,193
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  • How do I buy investment insurance? I invest in silver and copper. What type of insurance should I have?

  • "investment insurance" is somewhat of a misnomer. What you need to be doing is hedging. That way when/if silver prices drop your hedge investment will go up to mitigate the loss. Specifically you need to look into shorting silver/copper futures. That is the most relevant hedge against your commodities

  • I though futures or paper assets are a bad idea and it's better to have the physical

  • @stormspottter car insurance, home insurance, life insurance etc aren't physical either. Unfortunately there is no physical investment (at least that I can think of) that is guaranteed to rise in value when/if silver and copper fall in value. So if you want to hedge against your silver and copper you'll have to pick up some paper.

  • he makes it soo much easier to understand

  • I Think buying rentals at a low price, work your @#$ off to get it liveable, have one unit pay mortgage, the rest is income. Do it again and again. In time, your sweet. Just don't buy where they have rent control. Real ESTATE investment, is always a good investment, as long as your not buying at a stubid price with a crazy %rate.  People will always need homes.

  • hilarious!

  • you have to save to buy investments

  • @Sassiethai not necessarily. You can ask for loans to buy investments, and make the investments pay the monthly fee. That's what Rich Dad calls "Other People's money". Of course, there's always the down payment. Otherwise, monthly payments can kill your cash flow.

  • @Sassiethai Yeah although he said savers are losers, I do think there needs to be some type of saving. You need to set money aside or have emergency money. Though people like Robert or Suze Orman have good ideas. Sometimes there has to be a transition. You have might have to start off as an earner/saver in order to make the move into into an investor/asset builder

  • funny!

  • All those who have preached insuring away risk are now dealing with the consequences. You aren't stupid, nor retarded for realizing that risk cannot be insured away. Look at AIG. When a currency looses value, all who invested in any derivative of said currency loose. Common sense has thus prevailed over IQ.

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