Re: Investments 2016

Posted by coshoo on January 01, 2017 at 07:07:28 from (174.31.213.224):

In Reply to: Investments 2016 posted by MarkB_MI on January 01, 2017 at 05:24:56:

Always good to hear the annual "apples to oranges" investment analysis. People (including me) buy stocks for their upside potential, in the hopes of making money. But I also have about 10% of my money in precious metals- not for its income potential as a "regular" investment, but to hedge against the possibility of a crash. Because in a financial crash, the value of stocks will plummet, but value of precious metals will soar, and you'll have them to use to buy stuff(if things go a step further South and the money system collapses). Of course, don't buy collectible coins, because they will also lose value in a crash- buy "junk" silver coins or common gold coins or bullion strictly on the basis of their metal content.

So the goals are different- I'll sell stocks and bonds when I can make money on them, then try to re-buy when they're low. But I have no intention of "playing the market" with precious metals- they're strictly a hedge. They'll be the last thing I liquidate, probably to raise money for the monthly cost of a nursing home when that time comes.

I'm also keeping less and less in the stock market (and more in money market) as I get older. Stocks do not go up forever, there are market "corrections" from time to them, such as the severe one in 2008. The problem now is my age- I'm too old to be able to wait 6 or 7 years for the stock market to regain its former level after a correction; Mrs. and I have worked hard for our money, and our main goal is now preserving what we have for our eventual retirement. I got mostly out of stocks about 3 years ago, when Dow was in the $17,000's. I got a little gas from my 30 year old investment advisor, so I asked him, "Do you want to be the one who tells my wife that all the money she put into our retirement accounts for the last 5 or 10 years is now gone?" Long silence, then "I'll execute that sell order first thing in the morning."

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