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Post by Deleted on Jan 17, 2018 13:50:47 GMT -5
That's interesting about silver. Never even thought about it. Do you guys buy locally or online? Investing is not my area at all, so I sat down with a broker where I have an account and told her what I wanted: a dream combo of low risk, growth, and income while protecting capital - and only with socially responsible companies or funds. She did a great job walking me through her thinking and rationales, and answering all my newbie questions - but had me approve all her suggestions. She even asked what social issues I care about - like alcohol, tobacco, and gambling as opposed to big arms dealers, countries with dictators, etc. She found some great mutual funds that do just what I was looking for and often beat the category benchmarks. My portfolio is slightly out of whack with the fixed income allocation. 25% is a bit too low, but maybe I'll ride it out for a while and reap the benefits of this boom. Much of your risk factor depends on your age and other variables. I suffered a heart wrenching loss in 2000 but was still able to retire at age 55 last year by sticking with the markets while many others fled. Sounds like Parnassus Funds might fit your investment strategy. Perhaps a Roth IRA? You also want to have a cash position to be able to take advantage of downturns. The old folks used CDs at 6-8% ROI when I was young but most my age have never seen that kind of action. You might consider tax free municipal bonds depending on your residence? My information indicates this one survived the most recent tax overhaul. Good for the respective states and their investors. |
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Post by Darin on Jan 17, 2018 14:33:44 GMT -5
LOL ... SAD.  Apmex auctions are good ones to watch ... I really like dealing with SilverTown as well. |
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Post by Deleted on Jan 17, 2018 14:42:32 GMT -5
That's interesting about silver. Never even thought about it. Do you guys buy locally or online? Investing is not my area at all, so I sat down with a broker where I have an account and told her what I wanted: a dream combo of low risk, growth, and income while protecting capital - and only with socially responsible companies or funds. She did a great job walking me through her thinking and rationales, and answering all my newbie questions - but had me approve all her suggestions. She even asked what social issues I care about - like alcohol, tobacco, and gambling as opposed to big arms dealers, countries with dictators, etc. She found some great mutual funds that do just what I was looking for and often beat the category benchmarks. My portfolio is slightly out of whack with the fixed income allocation. 25% is a bit too low, but maybe I'll ride it out for a while and reap the benefits of this boom. Much of your risk factor depends on your age and other variables. I suffered a heart wrenching loss in 2000 but was still able to retire at age 55 last year by sticking with the markets while many others fled. Sounds like Parnassus Funds might fit your investment strategy. Perhaps a Roth IRA? You also want to have a cash position to be able to take advantage of downturns. The old folks used CDs at 6-8% ROI when I was young but most my age have never seen that kind of action. You might consider tax free municipal bonds depending on your residence? My information indicates this one survived the most recent tax overhaul. Good for the respective states and their investors. I had a huge loss, too, and was afraid to make a move after it happened, feeling like I didn't want to risk making it even worse through my own ignorance! The broker really helped with that, fearlessly selling of junk and buying better stuff, and I've recouped a lot. Yep, I do have a couple of Parnassus funds, also Domini. But the best one has been a Calvert/Atlanta managed fund. I'm self-employed and my income is up and down (you might say alternating feast and famine), so an IRA wouldn't work. The broker did buy some bonds and made sure I had cash with a decent rate. She uses a pie chart to make sure everything is allocated as it should be. I've often thought that fairly easy money could be made with more active buying and selling, including foreign currency. Someday when I'm in a low period I might experiment with a low commitment and see how it goes. |
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Post by Ronv69 on Jan 17, 2018 15:15:21 GMT -5
My favorite ... love the shiny! I bought a bunch when it was last at $15ish and sold at $21 ... rinse and repeat. I've also been buying oil in the dips for about 2 years now ... cash out time is coming. The 10 year chart says it all. Just a few years ago silver was almost $45/ounce. It’s being fully mined at present. Used extensively in manufacturing, a global manufacturing run could produce the next similar run. Silver was only at $45/oz because the Hunt brothers bought up all the available silver trying to corner the market. Turns out that there was way more silver than they thought and the scheme collapsed. I was heavily invested in the gold and silver funds a few years ago and I sold it at peaks that it hasn't reached again. The hucksters on TV would sit on the gold and silver if a fraction of what they were saying was true. Snake oil. I believe in having a small amount of silver coins in case of an economic crisis. |
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Post by Deleted on Jan 17, 2018 15:42:56 GMT -5
The 10 year chart says it all. Just a few years ago silver was almost $45/ounce. It’s being fully mined at present. Used extensively in manufacturing, a global manufacturing run could produce the next similar run. Silver was only at $45/oz because the Hunt brothers bought up all the available silver trying to corner the market. Turns out that there was way more silver than they thought and the scheme collapsed. I was heavily invested in the gold and silver funds a few years ago and I sold it at peaks that it hasn't reached again. The hucksters on TV would sit on the gold and silver if a fraction of what they were saying was true. Snake oil. I believe in having a small amount of silver coins in case of an economic crisis. Since you quoted me, I’ll respond - It’s a tradeable commodity. If you play, you take your chances. It’s up to you. No snake oil involved. Just man up. |
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Post by Ronv69 on Jan 17, 2018 16:10:58 GMT -5
Silver was only at $45/oz because the Hunt brothers bought up all the available silver trying to corner the market. Turns out that there was way more silver than they thought and the scheme collapsed. I was heavily invested in the gold and silver funds a few years ago and I sold it at peaks that it hasn't reached again. The hucksters on TV would sit on the gold and silver if a fraction of what they were saying was true. Snake oil. I believe in having a small amount of silver coins in case of an economic crisis. Since you quoted me, I’ll respond - It’s a tradeable commodity. If you play, you take your chances. It’s up to you. No snake oil involved. Just man up. Well, I have made a lot of money on gold and silver, but I am out of it now. Grow up. |
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Post by Deleted on Jan 17, 2018 17:59:48 GMT -5
Since you quoted me, I’ll respond - It’s a tradeable commodity. If you play, you take your chances. It’s up to you. No snake oil involved. Just man up. Well, I have made a lot of money on gold and silver, but I am out of it now. Grow up. We’re all glad for you man, smooth move; however some of us poor dawgs have to keep pushing on the best we can. |
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Post by GRUMPY on Jan 17, 2018 21:11:46 GMT -5
 President Herbert Hoover, remember him? He too entered the presidency riding a skyrocketing stock market. Hoping this skyrocketing stock market doesn't result in the same effect. |
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Post by Deleted on Jan 17, 2018 21:39:34 GMT -5
President Herbert Hoover, remember him? He too entered the presidency riding a skyrocketing stock market. Hoping this skyrocketing stock market doesn't result in the same effect. Market crashed eight months after Hoover took office - Not his fault. What happened afterwards - His fault. Lesson taken in 2009. |
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Post by GRUMPY on Jan 18, 2018 2:14:13 GMT -5
President Herbert Hoover, remember him? He too entered the presidency riding a skyrocketing stock market. Hoping this skyrocketing stock market doesn't result in the same effect. Market crashed eight months after Hoover took office - Not his fault. What happened afterwards - His fault. Lesson taken in 2009. |
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Post by GRUMPY on Jan 18, 2018 2:19:07 GMT -5
 Question everything! Believe nothing. One man's facts are another's "Fake News".
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Post by Darin on Jan 18, 2018 7:51:12 GMT -5
It's not if or why ... but when. The markets have always gone through corrections and has very little to do with whose president.
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Post by Deleted on Jan 18, 2018 13:12:09 GMT -5
Question everything! Believe nothing. One man's facts are another's "Fake News". Which only means that one of those men is wrong. |
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Post by GRUMPY on Jan 18, 2018 19:35:08 GMT -5
Question everything! Believe nothing. One man's facts are another's "Fake News". Which only means that one of those men is wrong. |
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Question everything! Believe nothing. One man's facts are another's "Fake News". 