You clowns are on point today. You killin me!!
Last edited:
*Investors Blog*
- Thread starter Warstud
- Start date
These markets are similar to a WWE pro wrestling match at Wrestlemania.
80,000 people paying big money to watch a fake, phony silly storyline between 2 actors.
- Joined
- May 5, 2018
- Messages
- 26,602
If you tried to offend me you didn't.
My buddy bought them. Behave before you get slapped real hard
I remember a finance professor in my graduate studies making fun of gold and recommending instead to park your money in an index fund. Actually, all of them did...
You would feel like Scrooge McDuck if you did.
- Joined
- May 5, 2018
- Messages
- 26,602
I said what you said... over $5000 an ounce...no thanks...
That's still solid advice today. VTI is up 44% in the past 2 years and up 74% in the 5 years. Hindsight being 20/20 is a rabbit hole.
Sure...but a low cost index fund should be the core of most people's (not everyone's ) investing plan during their accumulation phase. Gold doesn't have to be part of the core IMO.
ALL my covered calls I sold expired worthless yesterday Dec 19. No more outstanding options currently. That was a cool round trip netting around $10K.
Last edited:
Not really. Gold has now way outperformed pretty much everything over the last 5, 10 or 25 years. You just don't hear it because wall street can't make much money on it.
I know lots of very, very wealthy people that hold some. As mentioned, you can own more than one thing. Gold is simply a zero coupon bond with no counterparty risk.
Those are pretty. You pay a pretty good premium over spot for the small denominations but likely still worth it.
Gold still only makes up 0-15% for most portfolios while index funds make up +50% for most portfolios. Gold has performed well recently (past performance does not guarantee future performance) but it's still something that's just nice to own SOME, as you stated above. There's a reason all your wealthy friends aren't putting all their eggs in that basket.
My original point was simple, a low cost index funds is still a great recommendation to anchor a portfolio.
The S&P has historically outperformed the majority all stocks. Biggest no-brainer in the world.
Bought it years ago as part of my dividend portfolio and it has lost 16% of its value since then.
The point is not that SP500 hasn't outperfomed stocks. It's just that SP500 has underperfomed gold. When you look at the SP500 index in gold, not dollars, it has lost value for most of the years in the last 3 decades.
What we are being advised to do is incorrect.
- Joined
- May 5, 2018
- Messages
- 26,602
It pays better than my current interest rate and I'm not an investor.
Interest Down from 5% to 3.25%
I have a penny stock paying about 9%
