Quote:
Originally Posted by Tony_SS
Same here Greg! Gold was/is quite poplular and its what lead to the $2000 grand bubble, IMO. So I think the bottom is a good time to buy. It's out of my league, but I do collect silver as a hobby and long term investment/hedge.
However, if anyone wants a lead on stocks, IMHO, invest in those firms that the Federal Reserve bailed out in secret. Partial audits revealed those, and McD's was one of them. With a backer like the Fed, you're sure to win. That's my strategy when I plan to jump in.
Appreciate the convo and insight.
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That's my only "fear" about being in Gold... is that when all the TV talking heads are speculating about it's next move -- that scares me... and when RETAIL investors think it's a "SURE BET" -- that scares me even more... I've lived through the dot bombers -- the housing bust -- etc and every time everyone was sure that "whatever X" is was going straight up from here (an already lofty level) disaster seemed to be right around the corner.
Of course what we have to do in this thread -- remembering that it's a 102 thread -- is to learn... and we need to learn our risk tolerances... and how not to get scared out of the market -- and I have to remember that many here were of the "invest and forget" mindset...
What I don't want people to do is to change their investments -- and then suddenly get blown out and give up on investing. When you take on risk - getting blown out is part of that game. The game we're trying to play is invest for long term - getting paid - compounding that over time... and winning the game. I want all these guys to be able to enjoy what I (and others here) are enjoying -- which is being comfortably retired and living the good life in their golden years.