Investing 102

[Tony_SS]

Agree with ya Greg. I think part of the problem that divides us is intentional by the media and politicians. We are all the same and have more in common, but anytime you hear something from the media or politicians, it's always a matter of sex, race, class or religion. Anyway...

I'm no expert in this field, but what do you all make of Soros dumping his stocking and buying over a million worth of gold stock?

[GregWeld]

Originally Posted by Tony_SS

Agree with ya Greg. I think part of the problem that divides us is intentional by the media and politicians. We are all the same and have more in common, but anytime you hear something from the media or politicians, it's always a matter of sex, race, class or religion. Anyway...

I'm no expert in this field, but what do you all make of Soros dumping his stocking and buying over a million worth of gold stock?

One million to George Soros is like $1 to you and I....

It was pointed out the other day on CNBC that Soros doesn't run his own money anymore - he's 80 some years old - quit his hedge fund and returned all the client money - and now has the lions share of his personal money run by several different firms.

I'd need more facts -- or to see where this info is coming from to be able to have any opinion one way or the other.

[Tony_SS]

Originally Posted by GregWeld

One million to George Soros is like $1 to you and I....

It was pointed out the other day on CNBC that Soros doesn't run his own money anymore - he's 80 some years old - quit his hedge fund and returned all the client money - and now has the lions share of his personal money run by several different firms.

I'd need more facts -- or to see where this info is coming from to be able to have any opinion one way or the other.

Yes, and I'd need more facts to firmly believe what CNBC is saying as well.... at 80yrs old would you let 'others' handle your affairs after you've been doing it all your life? I find that hard to believe, but this is a good point that 1 million isn't much to him.

[GregWeld]

Originally Posted by Tony_SS

Yes, and I'd need more facts to firmly believe what CNBC is saying as well.... at 80yrs old would you let 'others' handle your affairs after you've been doing it all your life? I find that hard to believe, but this is a good point that 1 million isn't much to him.

They interview him all the time -- so that info is from "him" via CNBC.


He's marrying some super young chick.... so he's maybe playing with her more than his money. He's got plenty!

[glassman]

Greg, I haven't been in front of my personal pc since Wed eve. Just checked in this morning and In those two days you've provided me with more info than i've learned in my 46 years on this planet. BIG thank you for continuing sharing your experience with us. IT IS MUCH APPRECIATED!!!!

My brother is a CFO of a large law firm here in the Bay area and is helping coach me. My whole family is in "managing numbers" to some degree. My dad has been telling me to get started early. Well, When your 27 (1993), have three kids, wifey staying home with them, net 515 a week, own your own "townhome", NO debt other than the town home, theres not a whole lot left over to "invest" when survival is the name of the game. We bought our company when i was 30, it was bankrupt and def a "fixer upper". So I started investing 1100 a month at 32 (now 46) and while we have something, its not impresive. So I am getting a little more aggresive NOW.

Once again, thank you, Mike

[Bucketlist2012]

I like Greg's point of owning only so many assets...I own 17. I don't ever see me owning more than 20.. It is not the quantity , but the quality.

As Far as Gold, and Greg's point about the election and who is the Leader.

I use the Nation's politics in some of what I do..I always keep 5% in Precious Metals as an Insurance. Since 2008, I rose that to 15% plus...I am using the cues from the Federal Reserve and the Administration as my guide. Is it a long term play ? No, but is has gone up 125%..

So although it is not long term, it is part of what I am doing...If things change in the Administration in November, I will dial back to 5%. If nothing changes and the Congress and House and Leadership stay the same, I see more stimulus, which will devalue the dollar..

I always have other plays other than steady eddy's...

[Bucketlist2012]

Also with Precious Metals, I am not one to keep large amounts in physical metal in my safe for armageddon..

Sure i have some, but most is in ETF's around the globe.Australia, Canada, and the U.S.

If I see a shift in the Market with the Federal Reserve, I can sell it without loading it up and running to the store, haha.. I can put in the order to sell it, if the Market for commodities goes sideways on me...