Yeah, moving it to the University of Tennessee....


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Good question. I'm interested in hearing responses too. Market sucked this year.

 

Gold and silver aren't bad buys presently as it has taken quite a big hit over the last ten months so I'd consider it a pretty dam good buy. Make sure you can actually put it in your hands no paper investment type of option. Check with good local sales source and trust no one that you can't walk out the store. Don't buy old coins for resale value as the only true value is the weigh imho.

 

Well I listen to conservative talk radio and they are taking about the fact that the market drops every 8 years due to the elections and when the Market crashes Gold &Silver goes higher ..... And right now I'm a little nervous having large sums of money in the bank . We're considering carving out the memory foam mattress and installing a cash box spring ... I don't trust Obama , he'll make a deal where as your money in the bank will pay for bank bailouts , there's talk of it already...


Boltman

 

Be careful of gold & silver investments. They often come with very high fees for handling, storage, etc. Make sure it's gold you can take home and store or put in a safe deposit box. Silver might be a little more liquid because if the shiff hits the fan it might be difficult to peddle your gold bars just due to the high value per bar.

 

So one question to ask is your timeframe for use of your investment money. If you need in the next year then in oils allocate more to cash and keep available. Otherwise based on what I have read in this thread, I would be buying stocks in the groups that have already been down with strong balance sheets. You might need to dollar cost average for the next year but the longer term return is better than the short term investment in cash. I think it depends on your time line. I am increasing the percent of cash with the hopes to buy in at the next correction(10%). I still like the FANG's


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Yes I want the gold in my hand and in a safe deposit box , if I do pull the trigger it's going to be in 2016 nothing right now.


Boltman

 

My dos centavos? Don't kid yourselves. Because of the mess we are in, this election is going to be about war, not the economy. At that point the most precious metal you can own is lead and brass and lots of it.

It's gonna get ugly fast. It's just a matter of how ugly and how fast.

I sincerely hope I have to eat my words.

 

Down markets are when I usually buy. Pretty heavy into the market right now, but DIVERSIFY! Banks, healthcare, biotechs, automotive, etc. Also many stock funds.
Some are down, some are up, overall up slightly for the year. My biggest investment right now? Rutgers University in NJ. Last daughter has one year to go!! Whoo Hoo!!

 

Farm land as we all have to eat. Pick a place that has water. If the world falls apart you have a place to live.

 

I have already solved this problem.....no money to worry about...lol.

i day-traded for a few years but have slowed to short option swing trades, meaning I play whether it goes up or down. my bet day ever was a few months ago when the market took a big hit. the other day I had YHOO and GPRO puts and made 30 on one and 80% on the other. these were small plays so I didn't make a bundle but a win is a win. now my 401 is a different story

 

Well, Chicken Little (Glen Beck), the Hindenburg (Rush Limbaugh), and Re-Thinking Reagan (B.O.), all have vested interests in Gold Futures. I would be careful going to political pundants for investment advice. Not looking to Rachael Maddow for pointers either, just to be clear. Politics right now is selling hate as an American value, pushing fear as daily bread, and relying on ignorance to survive. There are no heroes, and neither active Party is looking toward your interests. Too far to the right or left and you will find crazy. Wal-Mart is the Evil Empire. Despite their heinous business practices and horrible treatment of employees they will probably win. Apple Pay has some interesting Pay-by text rivals. Watch for who is leading that board. Eventually apple will buy them out. Pay by text is the future. IBM insists on updating their PC's right at shipping time and whenever the hell they feel like it. You can stop the downloads from activating, but not from down loading. Apple lets you do the updates at night when you are sleeping. Because of this Apple will rule the world. You want an investment see who is flourishing in the don times. We are petty much down to Donald Trump or Hillary Clinton to lead the free world. Costco has a great deal on survival rations, and I would own a water purifier or two. I have enough rounds and food at home to last a while, If everything does go south, I am loading up my dogs, my family, my fishing gear, and my fire arms, and making a camp somewhere remote and accessible by water. If it doesn't, there are some good plays in the market. Just stay off FOX and MSNBC.

 

I don't really agree that "politics right now is selling hate"; rather the media is selling hate and the politics are reacting for face time and damage control.. It's the mainstream media that needs to be reigned in.
Regardless, rather than looking at the best "stock" position, dividends have been a focus for me. So, the value has been the trade for stock value stability and good dividend return. I have always stayed clear of unicorn plans and high volatility and it's been working. I've never been a fan of precious metals; but that's just me - and my financial advisor....

 

Yes I don't really listen Fox, MSNBC or anything I'm in the market but only as a portfolio vested not aggressively but gaining good ground. I don't know what the near future holds meaning 1-5 years Hillary gets in we're all in trouble , don't think Trump will make although he's the only candidate that you can trust to do what he's says he's going too. So that said I'm investing in myself , 0 debt and I'm cramming cash out of profits into the pension plan I'm building while also thinking about investing in a new business as a silent partner. Let's keep this thread going about investment advice.


Boltman

 

don't think Trump will make although he's the only candidate that you can trust to do what he's says he's going to.
Boltman

Why do people believe this??? Trump is a delusional maniacal idiot - he wouldn't do ANYTHING he says he'll do!!!!!

Ban all Muslims? Deport all undocumented immigrants? Keep Mexican rapists out of the country by making Mexico pay for a border wall? Tag all immigrated Muslims? Make America great again, by insulting anyone who questions him?

This is crazy talk.

 

From an Australian perspective my fiance' and I have invested into commercial property by way of our discretionary trust. Directly by way of ownership of our own office in the heart of Perth CBD in Western Australia. It has doubled in value since 2006, sheltered our business from rent increases and has limited business disruptions by way of not having to move.

Indirectly by way of investing in property syndicates. The syndicate manager purchases large office and industrial properties partly funded by debt and partly funded by investors by invitation. By investing in large properties tenant risk is substantially reduced. We have just bought into our 5th syndicate. The accumulated returns have returned in excess of 10% p.a. since we purchased into the first syndicate in 2008. The current year will likely achieve 9% - 10% on an accumulated basis and distributions are steady and paid monthly. One of the syndicates was partly sold during the 2015 year for which I used the proceeds to buy the 38 Sundancer back in April.

I also have a self-managed superannuation fund (superannuation plan) with my other brother and 2 sisters for which we use to invest in listed domestic shares and in cash. At 47 I'm a fair way off retiring but plan on building my retirement savings over the next 10 - 15 years.

I'm on the fence with gold as a defensive investment. In theory it sounds fine but the only two clients that have previously invested in it have both lost money. Admittedly, I haven't looked into it much as it's never been something I wanted to invest in.

We've gone though 5 Prime Ministers in as many years so policy, direction and budgets have changed over that time. The main aim now that mining has wound down is to transition Australia into other sectors to rebuild and strengthen the economy, businesses and employment. Governments at all levels, businesses and households are having to tighten their purse strings to manage their respective budgets in our struggling economy.

 

Bolt - I suggest you place multiple envelopes with $10,000 cash each in strategic locations throughout your engine room where your MAN mechanic can easily access them.... Haha

 

Tim I have already , but he wanted the Amex number instead ....said he wanted to have a steady income flow ...


Boltman

 

I've been buying and selling gold and silver since I was 16. It is the one thing that can be done without Uncle Sam taxing my profits. I know where and whom to buy/sell. You've got to learn how to stay under the radar when it comes to that part. Yes gold and silver have taken to lower prices lately but as the elections creep closer it will start to creep back up.

Another thing to remember oil stocks will go back up, the OPEC group are keeping prices low for a reason. They are driving out the small companies and buying up their fields. When the price goes back up, watch out!

also never spend more than you can afford to lose and never put all into one. I buy silver until I reach a certain weight then trade that for gold. My metals are what I call "in hand" I do not buy metal stock. If I am going to spend a grand on gold I want it in my hand!

 

It's good that you're having this conversation and thinking about what needs to be done for you and your family. I too was on the fence until John Kerry said this about the Iran deal;

If we turn around and nix the deal and then tell them, ‘You’re going to have to obey our rules and sanctions anyway,’ that is a recipe, very quickly… for the American dollar to cease to be the reserve currency of the world.

To me, that is a non sequitur....but why bring that up in an address trying to sell the Iran deal? Would it be because, if the Iran deal didn't go through, and our dollar devalued, he could point at the opposition party and say it was their fault vs. the ridiculous amount of debt the US has accrued?

So, I purchased a mix of gold and silver and it is for the long term and store it in a safe. If I never need it, great! Then I can give it to my daughter or hopefully grandkids.

What also has me thinking about the money my family has saved is a, 'Bail In', similar to what happened in Greece. We have a printer at the Fed that doesn't seem to run out of ink, and disastrous entitlement programs, like SS disability scheduled to run out next year, Medicaid is broke, who's going to pay for this (for instance but not limited too)? So, I can foresee the Feds coming for 401K's - they already to a look at 529's last year.....

 

Gold over the long-term has not been a good investment. If you bought gold in January of 1980 the price was $2,073 per oz. Right now it is $1,073 per oz. Link for reference http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart. In that same time if you would have invested in the stock market, the S&P 500 Index was at $102 as compared to today's price of $2,048. Link for reference http://finance.yahoo.com/echarts?s=^gspc+interactive#{"range":"max","allowChartStacking":true} So Gold would be a loss of ~48% and the market would be a gain of 1,908% over that 26 year period. In other words, if you bought $100,000 in gold at that time and just held it, you would have about $52k worth of gold today and if you put $100,000 in the market you would have over $1.9 million today. Let that sink in. The key is to invest for the long term and not worry about the ups and downs along the way. Additionally, it is unlikely and basically unprecedented that gold would become the unit of trade if the country collapsed. In all likelihood we would move to a true barter society in that unlikely event. In other words, I don't want your gold colored rock for my wheat, I want something of actual use like water or shelter or clothing.

 

OllieC , I agree with you when our Government can step in and seize your account to help pay for the banks bail out , it's time to take your monies out, suffer the penalties and put it in your own safe at home , I believe they have just approved this for the EU so who's next?


Boltman

 

I was once told to save 10% of every thing I made. I do not see people doing that now. I taught my daughter how to invest and by the time she graduated from University at 22 she had 30K I told her I would lend her what ever she saved for a down payment on a house. She paid me back in 2 years.
The point is we need to teach and learn how to save and invest. It should be taught in school from grade 1 up. What will go up I have no idea but if you have no savings you still have nothing. When we retired I felt we need 20 years of cash type investments to be assured we would not starve plus income. We bought farm land and GICs Farm pays 8% GICs pay 3 to 4%. Oil stocks are in the tank mostly. Will they come back I have a feeling yes provide the companies were sold when oil dropped.
What one invests in depends on their age at 70 you need cash to buy gas for the boat. At 30 you need growth to pay for the boat when you retire at 65.

 

I own a boat........do you understand,.....boat...money, they don't go together,.....well they do, the boat swallows it


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I own a boat........do you understand,.....boat...money, they don't go together,.....well they do, the boat swallows it

LOL, good one! It is so true. Boats are a great investment in LIFE, but they are an expense in your portfolio. I figure at least 10 percent of the purchase price per year is gone with the wind. In addition to Fuel expense and depreciation. So, we all know what we are all doing with a huge chunk of our money.

 

Lakebum432,

I am not sure that the price of gold you quoted for 1980 is entirely accurate. For some reason I couldn't open your link correctly. Here are some historicals since 1933. http://www.nma.org/pdf/gold/his_gold_prices.pdf

I'd like to say that I am not 'the advocate' for others to buy gold. While I am still diversified, it is just something I felt I needed to do for my family. One advantage I see is that an ounce of gold is worth an ounce of gold anywhere in the world. Paper, not so much.

edit - I finally opened the link....the $2K price is with 'adjusted inflation'. It's peak price in 1980 was $850

 

You're right. I didn't realize the inflation box was checked. Here is how that changes my numbers: Jan 1980 price 677/oz vs. current price $1,073/oz. That means you would have made 58.3% since 1980 as opposed to the 1,908% in the market. So the investment of $100,000 in gold would be worth $158,300 over the 26 year period as opposed to the $1.9 million invested in the market. I think my argument that gold is a terrible investment holds very true.

 

The title of the thread is "Money, What are you doing with it?"

The answer: "Looking for a bigger boat"!

 

When I started buying it was in the 70's. I was paying $175 to $250 per ounce. By the 80's $800 to $900 per. Once it hit $1000 that's when I started silver to gold. In the 70's I worked for A. Busch, I was single, so as much as I could I sunk into their stocks and gold. When they sold out I took the money and bought more. My uncle was from the depression years, he taught me how to buy and sell. He also taught me about boats and the waters near his home on the Rappannock River.

Just do me one small favor. Do Not Buy that gold you see on tv. It's worth is about .01 it's totally worthless and is a complete scam

I didnt have my first real boat till the late 90's that's when I went out and get a real job.