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Sept. Issue . 2009,

Summer is winding down and school is ramping up. Labor Day weekend is approaching and Albanese Rare Coins hopes everyone has a fun and safe holiday weekend.

 

As Autumn is approaching us we have to make the time to prepare for changes in our daily routine and the weather. Along with the beautiful fall colors and slightly crisp temperatures that are coming, we find ourselves thinking about our different responsibilities that come with the seasonal changes. Getting the kids ready for school and all the activities that follow, winterizing our houses and cars, mentally preparing for the upcoming holidays. A lot to think about.

 

Always in our minds of course are our state of finances. Individually and as a Country, this last year has been a trying one. We have seen record losses in the stock market, foreclosures of homes in every class of neighborhood, business' filing for bankruptcy, unemployment numbers worsen.

 

We hear Politicians and Pundits alike talk about recovery. Some say we are on the road to better times, some say it will worsen before it gets better. Regardless of the sound bytes we find ourselves hanging on to, eventually this will pass. It always does.

 

The question we all have to ask ourselves is what did we learn from this and what steps are we going to take to prepare our financial safety in the future. Stressful stuff to be thinking of, along with all the other daily tidbits we have to address. It doesn't have to be stressful though. Not one of us is alone in the debacle of life. We all have the same problems to various degrees and these past months have shown that no one is immune from financial difficulty. Actually, people that are pretty much living day to day can usually weather these types of storms better than those of us who have never had to endure such a financial mess.

 

Instead of stressing, panicking, or ignoring the situation, sit down and really assess what has happened. Think about where you stand financially and what mistakes you may have made. We all know someone who has been affected, even if we as individuals hadn't been hit as hard. Take those black clouds and the rain that comes with them and look at the silver lining. With every impending storm, most can see it coming but we are powerless to stop it. We also know that once the winds have blown away all the trash, the rain has re nourished everything. Once the storm has ended, things begin to grow again. We all have to cultivate our financial garden. Whether you are a millionaire or have to really scrape to put $20 away, we all have to prepare.

 

Think about where your money goes and some of the things you can do without, in order to start saving for a rainy day. I am not promoting the idea of living a sparse life as much as living within our real means. When we live within our means, we enjoy and cherish those little treats we give ourselves once in a while. If we are continuously treating ourselves, it is no longer quite as sweet. We are also decimating our finances in the process.

 

Save what you can, where you can. Put away cash and think about liquidity. Rare coins are one investment that gives you a certain amount of stability and liquidity. Maybe you can afford a $35,000 coin, or maybe you can only afford a $200 coin, either way, it is a step in the right direction towards preparing yourself for the future. Everything thing you do today matters later. With a long term approach, rare coins afford you the pleasure of financial safety for your money invested. When you pick the right coins, you will most likely be rewarded with profit, even in bear markets. Be clear though, as with any solid investment strategy, time is key. A long term approach will always fair better than the "get rich quick" mentality of some investment strategies.

 

Albanese Rare Coins is here to help guide you through the process of picking coins in your price range and advising you on the best way to build your portfolio. We are also there when it is time for you upgrade or sell of some of your coins. When you do business with Albanese Rare Coins, you can be satisfied in knowing that we are there for you all the time.

 

Our Warmest Regards,

The Staff of Albanese Rare Coins


(Upcoming Shows Link) If there are any last minute “wants” please let us know. Also if there are any coins in the Stacks auction let us know and we will view and bid for you on only 5% commission. Keep an eye for the “market insight” after the show for an in depth write up on how the market is doing and where it’s going.  

 


Our very best to you, Dave Albanese coinace@aol.com
                                         Dean Albanese Dean@coinace.com
                                            Bonnie Sabel    Bonnie@coinace.com

David C. Albanese - President
Albanese Rare Coins Inc.
www.COINACE.com
 
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