Precious metals

rolfmao. no, my math works, it's a fact. and yes, cherry-picking historical data, any moron can do that. it's funny watching people that have such a poor understanding of something act like they're experts.

 

This is why it's so hard to top a market, listen to you guys, if the top billionaires are out of the market why would you stay in?????
This the top boys now you can shift your money to the next trade......

 

Wait, didn't you switch to PMs and make 1000% like us????

 

I agree with that................... you guys are funny.................

 

as if you knew what the top billionaires are doing with their money... history proves you're almost certain to lose in the end with your timing strategy. cherry-picking historical data is meaningless. history proves if you miss timing by literally a day, you completely wipe out any of the gains that timers are shooting for. The most successful investor in the history of finance - Buffett - made his fortune on buy and hold. He stresses pretty much on a daily basis that he has no idea what the market will do tomorrow next month or next year. It's apparent you're young, and are relatively inexperienced and uneducated in this area - well, we all start there so it's not a slam on you at all. Ego is the ultimate trap. Everyone just knows they can do better. Like the biggest fish story or the casino story about that great night that disregards the other not so great nights. 98% of drivers are better than average. As Bill Gross says "we are not always correct, we are always certain". Study after study shows the superiority of returns for buy and hold but some guy is always going to tell you how he will outfox Mr Market. Those who invest over time, effectively cost averaging in, compound interest (your best friend), diversify (I own rental properties for example), historically perform the best - far outperforming the guy jumping in and out of the market, as inevitably you'll get some wrong and that will wipe out your gains.

 

I love random charts! Thanks!!!

 

If you were smart you'd stop posting irrelevant charts and read this twice....

 

I think this is a good post, especially about Buffett. He has 2 huge investments, cash and hard assets. Cash for the hedge against deflation, and hard assets like his railway for hedge against inflation. As far as I'm concerned, PM's are also a hard asset. I can't afford another property [yet], so I choose to put my hard asset investment into PMs. I hope my cash balance can grow to eventually get another hard asset like land or another house.

 

That's what I'm doing.... you can't time the bottom, but you can buy the bottom out...... So I may be ahead of the trade but I'm ok with that because in the long run I will win.... You guys are looking at a 1 year chart and making jokes...........
Buffet is an inside trader............. His train is the reason the pipe line didn't get built.... But he is a smart guy......
Every hedge fund has super computers trading all day by the millisecond, so maybe you should tell them to stop.......
Most people will never make money in the stock market.......
You are much better to have a business like you do..........
PMs are a to diversify, I have said all this already, you're just coming in late....
I'm saying it is easy to see the PMs trade setting up right now, because you can't time it perfect.....
But you have to reevaluate your trades often to make sure the trade is going right...

It's best to trade companies you don't care about so it is easy to sell when it's time....
Picking the buy is easy, selling is the hard part.........

 

I've been say this, PMs are a hard asset to diversify out of the system..........And cheaper than buy a house that has expenses and taxes.........
They agree, they just like to argue.............

 

That chart shows that just Chase has more derivatives than the total GDP of the world..........
Yeah my bad doesn't mean anything........ back to sleep............

 

lol... you haven't said anything like this. I should take you back to my basic finance course I took in school decades ago... but why, you're the expert! and since you can predict the future so well, you'll do just fine. btw, I leveraged the properties, very little out of pocket, turning a nice cash flow at the moment.

and strangely enough you contradict yourself, preaching diversification - and I show you and example of me being diversified and you (shoot it down) acting as if you can make only one investment. they're not mutually exclusive - I have many, many investments... in many different categories.

you think you know what tomorrow holds, that show's that you are extremely foolish, but your arrogance doesn't let you see this. you don't know what you don't know, and that's your downfall.

 

No, that's not what you're doing. You read what you want into people's comments.

 

And that's good, I missed the good deals, so I'm putting cash in PMs, But it would be nice to have a cash flow source....
I'm agreeing with you........... that your properties are a good idea but not everyone can swing it...........

 

True, I was lucky in some contacts I made, and timing to buy these homes. I have no issues with PM being a part of a thought out, diversified portfolio - but historically speaking, the percentage would be small.

 

Exactly, a business is the best option or property but you have to buy at the right time........
PMs is part of my plan not my only plan, I just put more money in them now while they are low....
It's hard to buy something when the price is down but that's how too make the big money....
Buffet bought coke at a few dollars a share when it tanked in the 80s and now it's up a ton and gets a huge dividend, one of the best buys ever, but I'm sure everyone told him coke was a bad idea at the time...
That's why I sold SLV because silver was down but held SLW because it pays a dividend....

I think the market will tank and after it does I'll shift from PMs back to stocks... Its about the cycles........ I'm on it this time, got burnt holding all the way through the last 2 crashes... Not falling for that again..... Make your money work......

 

"That's what I'm doing.... you can't time the bottom, but you can buy the bottom out...... So I may be ahead of the trade but I'm ok with that because in the long run I will win.... You guys are looking at a 1 year chart and making jokes...........
Buffet is an inside trader............. No he's not. He either owns stock in publicly traded companies or Berkshire Hathaway which is made up of private companies
His train is the reason the pipe line didn't get built.... A great conspiracy theory but not even close
But he is a smart guy...... This is true
Every hedge fund has super computers trading all day by the millisecond, so maybe you should tell them to stop....... You mean HFT or High frequesncy Traders which is totally opposite of hedge funds
Most people will never make money in the stock market....... Seriously? This from the chart guy???
You are much better to have a business like you do.......... True
PMs are a to diversify, I have said all this already, you're just coming in late.... Also true
I'm saying it is easy to see the PMs trade setting up right now, because you can't time it perfect.....
But you have to reevaluate your trades often to make sure the trade is going right...

It's best to trade companies you don't care about so it is easy to sell when it's time....
Picking the buy is easy, selling is the hard part......... Ironically this is totally opposite "