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 Replies: 5,643 / Views: 459,595 |
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Pillar of the Community
 United States
3789 Posts |
... and yes, we did have some pretty strong sell offs since 09- in fact we had some very big dips with Britain and their vote to leave the EU and then with the run up into the elections, so its not like the market has gone straight up since 09.
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Pillar of the Community
United States
1450 Posts |
You guys are forgetting 1929, 1987 and the internet stock crash. I have made a lot of money in the stock market. In 2009 the stock market was in the toilet. My brother and I stayed put and quadrupled our money in the next 7-8 years. I am nervous, but not dumb. When you stop being nervous is when you get blindsided like 2008. Only a few wiseguys predicted that all those Swaps and Mortgaged back securities were garbage. Many people in my neighborhood lost their homes after the housing market crashed. I have been diversifying into bond-like vehicles for three years since 2014. I have preferred stocks that pay 9% dividends which I bought at par and actually have unrealized capital gains. I have cash, bonds, ETF's, REITS, mutual funds and all sorts of equities. I was just wondering about any other alternatives such as PM's. I have taken 500K in gains over the last 3 years, and got it all back and then some. I have a investment advisor but he does not do PM's. Sorry if you took me for a moron.
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Pillar of the Community
United States
3789 Posts |
Not saying you are dumb, stupid or a moron Terry.
Just saying, by you being nervous, that is also a human emotional trait that has no place in financial markets and the end result will be that you end up selling early, your case.
But hey, do what you gotta do, its your money.
No market crash happened out of the blue, if you think that, then your reasoning is very flawed. ALL market crashes were-
1- being telegraphed way in ADVANCE, weeks, months ahead by price action
2- were GREAT places to buy. Anytime the market is down 20, 30, 40, 50%, you start backing up the truck and start to double down.
again, do what you need to do, you easily get offended I can see. Good for you making money in the stock market, but you can do better each time by controlling your emotions and not being fearful as you clearly are. Thats why this current market has and will be going higher, because the public is still scared silly from 2008-2009.
But oh well, not my problem, again do what you need to do. Go ahead and sink your profits right now from the stock market into PMs and see what happens and write us back. :)
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Pillar of the Community
United States
655 Posts |
Anybody have a clue what's going on with silver prices now? Their down 60 cents in a week or about 3%. Not a lot but a complete turnaround from the prior two weeks. Do you think it's just routine fluctuations or is there a glut in the metal or something else I haven't heard?
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Pillar of the Community
United States
1450 Posts |
Yup
I have not sold early. I have taken profits over a period of three years and put that money where it won't disappear when the market takes its inevitable swan dive. Tell all those old dead guy that 1929 was telegraphed and you could have called the top. I would not put more than 5% in PM's. I have a diversified portfolio. Do you understand that concept? If you think you can call tops and bottoms in the market you need a show on CNBC like Crammer. So enough of this ego thing between me and you. I have no idea where silver or gold prices will go. Do you?
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Pillar of the Community
United States
3789 Posts |
Terry-
I already told you no one can sell at the top or buy at the bottom.
I Also want to tell you that 500K is chump change from where I come from, hate to break you that but there is 500K made per day and more in this kind of market, so please keep your ego in check and your perspective.
I make my living in this business and every time I hear someone say "nervous" or any sort of emotion when it comes to markets, well, they end up getting themselves all mixed up so I would suggest you control your emotions and work to become a student of the market, understand price action and not just move on emotions.
IF you dont like people mentioning anything, then I highly suggest growing a thick skin or ignore people such as myself.
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Pillar of the Community
United States
1450 Posts |
Yup
I will ignore you. Please return the favor. Now regarding PM's I have no idea where they will go in price, but having 5% in them as insurance can't hurt. Truthfully, I don't even have 1% in PM's, but all alternative investments besides equities are worthy of consideration.
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Valued Member
Australia
491 Posts |
Does anyone really believe PM's are a great investment now when you look at all the areas of investing that are on offer out there?
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Pillar of the Community
Canada
3049 Posts |
To be honest.. nope... I don't see PM's as an investment... though I never have... I've always seen them as a hedge against inflation... that's it and that's all...
I'm not in the market right now... currently I'm working on developing contacts, connections and finances for real estate.. it will be a lot more work than just buying or selling stocks.. but a far greater return as well..
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Pillar of the Community
United States
2130 Posts |
I don't see PM's as an investment either. I have no set goal of ounces of gold or silver I buy per week,month, or year. I just buy what I like when I want to if I have the liquid cash to do so. I have had this mentality for a while now. The ounces add up quickly but at the end of the day when I look at where I am sitting financially PM's are not a part of the final number.
It is good to have a hobby where if I decided to totally liquidate one day I would atleast get a majority of the money I spent back. There are not many other hobbies out there I can say that about.
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Pillar of the Community
United States
3789 Posts |
@ron6788
Silver is at BEST, flat. Gold still is hanging on to its gains.
I would expect these both to remain in a big wide choppy range with gold remaining in the uptrend.
gold is up 11%
silver 5%
not really great returns on your money and NOT where the money is flowing for now.
If you really want to stick to metals, Palladium is up 42%..
see the other thread on this forum I started, uptrends in any asset can make you big money.
Gold and silver remain in uptrend, but barely, especially silver.
Perhaps down the road silver and gold get it going but for now there are a ton of places with better returns than gold and silver.
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Pillar of the Community
United States
4333 Posts |
I've never expected profits against the physical metals. "Paper" metal on the other hand...
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
3343 Posts |
I sold my dad's royalty trusts in 2014 at within a week of the market peak. 6 months later they had lost 75% of their value.
I was the estate executor. I didn't have time to study anything, just liquidate. It was sheer luck.
Thinking about it afterwards, could anyone see the big drop in oil prices coming? The royalty trusts were supported by $100/bbl. I'm absolutely certain my dad would have done nothing.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
11/04/2017 10:55 pm
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Pillar of the Community
United States
3789 Posts |
Every single time the market turns, up or down, or an asset class turns, experienced traders can spot, months, weeks, in advance when there is a solid turn coming, up or down.
As an example, before the Brexit noise, the markets months in advance was getting sloppy, there was no market leadership, more 52 week low stocks instead of 52 high stocks, only defensive sectors were leading in that time period... and finally the market tumbled hard.
To accomplish this sort of winning trading tactics, tho, you must either do this for a living or be a tireless student of the market, taking the time out to look for what the price action and breadth of the market is telling you.
The market is ALWAYS telling you want it wants to do and does give signals before it explodes in either direction.
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Pillar of the Community
United States
3343 Posts |
Here's an open question. bitcoin is a sort-of metal, and the interest level is high, so it's still wildly speculative. Compared to it, metals are tame and flat.
Is bitcoin stabilizing the metals market by drawing off speculatiors who would otherwise do their normall disruptive pump-and-dump?
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Replies: 5,643 / Views: 459,595 |
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Posted 10/25/2017 8:31 pm
