The Burns article caught my attention NOT because I’m an investor (hard to invest when you live SS check to SS check) but because I’m a big believer in Simplicity, especially when it comes to metal detecting. I’ve seen this pastime go from a basic, easy to understand, easy to do outdoor labor of love to an expensive and overly complicated exercise in head scratching. Then again this is something we’re all too anxious to embrace in everything we do today.
Scott Burns pretty much summed up my philosophy when he said:
“Seriously, why should you give a guaranteed portion of your savings, year after year, to someone who can’t guarantee a return greater than a dirt-cheap broad index fund? And here’s a simple question. Why does the investment industry continue to market expensive investment products that fail this test?”
“The answer is equally simple: It’s how they make their living”.
Listen I understand the thought process behind it all. I was a hell-bent, “here’s my money” enthusiast too when I started out but age, experience and maturity now dictate, and tell me please how is it we all repeat the “research is key” mantra then spend all our time figuring out how we can shell out our hard-earned money on the “supposed” latest and greatest, must have equipment to find a few more coins at that park we’ve hunted over and over again. Sorry I refuse to spend $800 I don’t have to find $30 in finds.
Yeah I know I harp on this all the time, and yes the manufacturers are not enamored of me for my views but I don’t care. I’m too old and wise to the ways of those looking to separate me from my much-needed wine money.
You may not have noticed but we’re losing ground every day when it comes to places where we can scan our coil. We’re also losing manufacturers and hobby publishers. Here’s another…
Some of it has to do with staying ahead of the trends but a lot of it has to do with being too busy to see the forest for the trees. I mentioned above how UK tekkies are being tested with potential changes to the Treasure Act but at least they have the NCMD and the PAS. Here we have nothing even close so look for our problems to escalate in the coming months and years.
Spend your money, dig those coins, buttons and bullets while you can and if you really enjoy reading my blog send me $50 cash and a self-addressed, stamped envelope and I will send you my secrets to getting rich and making it big in metal detecting.