Silver on the Rise

in silver •  7 years ago 

With Silver on the rise breaking through $17.00 per troy oz.

I have reached out to my Financial advisor for a plan concerning my holdings of my Tangible silver rounds.

Rounds are different than coin as it is NOT a coin as a coin is defined according to the Constitution as it is just a single troy oz of .999 pure silver.

That being said, advice from a professional to me was to consider selling 10% of my personal holdings only when the price gets to $40.00 per troy oz. This way if the price continues to go up you can sell another 10% for even more later on.
Ideally, as it is explained to me, the plan is to sell your holdings into strength and buy into weakness. Or has been stated in the past sell high buy low.

Sticking to specific plans that were setup months ago is good sound financial advice. The question is will I follow the advice I have paid for yes that's right, I pay for advice.

When It comes to financial decisions I reach out to financial advisors who are licensed to give this kind of advice. When I need legal advice I reach out to a lawyer who practices the type of law that I'm dealing with, criminal law, contract law, constitutional law, real-estate law, etc, etc.

Stop considering what you read here or else where as advice. It is not intended as advice and should not be used in-place of getting advice.

I tell you what is the opinion of a licensed financial advisor for me at the time. Advice from a pro is just advice. take it or leave it, period. They, Licenced advisors, are simply legally accountable for their advice. It's up to you as an individual as to whether you take their advice or not.

Do not live your life out of FUD.

What is FUD? Fear, Uncertainty, and Doubt are FUD and it causes you to make bad decisions. We also call that fight or flight. Instincts is another way of putting it however way it's described it does not use the logic of following a plan.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @oregondreamer! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Silver on the fall still waiting

Congratulations @oregondreamer! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!