384 | Functionality with Numbers

Silver Investment

Investing in silver presents unique opportunities and challenges. Jonathan Mendosa shares his experience of buying silver on eBay, highlighting the potential to save money by purchasing from dealers who undercut their own prices and offer travel rewards through credit card purchases 1. This approach can lead to an 8% swing in savings, combining lower prices and rewards. However, Brad Barrett cautions that while this method is intriguing, it is not a standard investment strategy endorsed by ChooseFI 1.

It's not simple and it's not free. A lot of times there is a fee, like $30, et cetera, attached to these transfers.

--- Jonathan Mendosa

Jonathan also reflects on the broader market strategies, acknowledging that many investors, including himself, have been humbled by the market's unpredictability 2.

   

Stock Market

The stock market's long-term potential is underscored by historical data showing consistent gains over 40-year periods. Jonathan Mendosa emphasizes that even those who invested at market peaks have seen positive returns, illustrating the importance of a long-term perspective 3. He also discusses the concept of "resulting," where decisions should not be judged solely on outcomes, as probability plays a significant role 3.

You can go in with the best possible hand and some percentage of the time you may lose.

--- Jonathan Mendosa

Additionally, Jonathan shares a story about identifying opportunities through numeracy, where understanding numbers can tilt odds in one's favor, though luck and chance remain factors 4.