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Thread: Investing in Precious Metals
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3 August 2019, 14:50 #76
This would be better. . .
https://online.kitco.com/buy/31171/1...lica-999-31171“Fast is fine, But accuracy is final.” Wyatt Earp
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3 August 2019, 18:28 #77
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3 August 2019, 20:19 #78
I already have a silver .308 round.... didn't go with the .50 though.
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7 August 2019, 07:36 #79
I see Silver is hovering around $17 an ounce now...
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7 August 2019, 09:52 #80
I'm wishing I bought more now... was going to get some a few days ago but didn't. Filled with regret
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7 August 2019, 09:56 #81
I don't mean to change the subject but I am just curious if anyone else invests in other things as well (in addition to) precious metals? Stocks, real estate, etc?
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7 August 2019, 11:51 #82
$17.30 silver and $1510.00 gold. Shes bumping up. I think the days of $15 silver will be long gone. Anything under $20 is still a good buy...
The best way to survive a violent encounter is to be the one inflicting the most violence.
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7 August 2019, 12:00 #83
Of course. Metals are a terrible investment. They don't make much over time in the long term. Compared to the S&P the gains on metals are hardly worth mentioning. I invest in index funds, employer 401k, a few defense-related stocks, real estate and even a couple promising startups. Metals are there only as a long-term store of value. I don't intend to make any money at all on them.
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7 August 2019, 19:20 #84
Dave already mentioned it, precious metals are nothing compared to an index fund, which historically brings in 8-10% annual returns.
We are heavily leveraged into various Index funds, Fidelity, Vanguard retirement funds, ect.
My brokerage account, I've taken some higher risks. Some of my best hits in the last 3 years, which have returned more than 100% of my money:
Got into Amazon at $608/share
Lululemon at $70/share
Costco $130/share
One I've been watching is Digital Turbine (APPS) Got in a few thousand shares at just under $4, so even with the market dip the last 2 weeks, I'm still up over 35% ... I can see this one long term going to $40-50 a share.
I don't day trade, all my stocks, even in my brokerage account are long term holds. I'm no expert, so don't take anything I say as financial advice.
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7 August 2019, 19:38 #85
LOL! Don't worry!
I do like to play the market sometimes. A couple of years ago I made 3x what I was earning working (per year) in about a 4 month window. That was pretty nice.
I have stuff that I invest in as well that has lots of potential. I'm thinking before it's all said and done 500% to 600% ish is realistic.
Keep in mind that I geek out big time in these deep dives trying to figure stuff out.
I'm a dinosaur-- trained financial analyst so I nerd out pretty hard sometimes and often it's very risky stuff. I've lost my ass a few times as well.
That last big vacation I took- I went on a year long vacation and an around the world trip and all of it was paid for by playing the market.
I haven't been that stable in work in recent years so my income is all over the map. That said I probably should stop blowing it when I get a little bit ahead.
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7 August 2019, 20:21 #86
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7 August 2019, 20:33 #87
Definition 2
verb
past tense: leveraged; past participle: leveraged
1. use borrowed capital for (an investment), expecting the profits made to be greater than the interest payable.
"a leveraged takeover bid"
2. use (something) to maximum advantage.
"the organization needs to leverage its key resources"
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7 August 2019, 21:49 #88
OK, that's what I figured, but there are folks that do leverage their personal investments. Most individual investors don't have the stomach for it since it can put you in a very bad spot if you get it wrong.
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8 August 2019, 00:18 #89
Always been curious about laying around with stocks etc..
Just don’t have the extra $$ to really play..plus I don’t like to lose..lol
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8 August 2019, 09:11 #90
If you can invest even $25, and dump it into a mutual fund, you can't historically beat the returns on a good index fund. Will there be down turns in the market? Absolutely. At one point in the 07/08 crash, I had less money in my accounts than my original investment. That's a hard pill if you look at it superficially when you've been dumping money in for 6-7 years. I just looked at is as... you're buying more shares at a lower price. Of course the market came roaring back, and I made my money back and then some. Until I'm 59.5 it's all just paper gains though. On paper I have a decent chunk of change, and on pace to retire very comfortably.
This is why compounding interest like I said is important. If you started with $25 a month for 20 years, at 7% return, you'd have $13,216 at the end.... which is more than double your $6000 of actual investment over that time.
Now multiply that by say, 20 years, at $250/per month, you have $131k.
Unfortunately for me, It wasn't until about 5 years ago until I maxed out my 401k contributions. Save early, save often, and as much as you can. Skipping dinners out, lattes, and you can save 2M for retirement.