Re: Man, My IRA
[Re: adam m]
#7222733
03/21/21 01:48 PM
03/21/21 01:48 PM
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Joined: Mar 2007
Posts: 35,176 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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Were yous guys using a professional money manager? Thats the only way i could see where you could be down that much. I got on etrade and it's been a nightmare in every aspect. I need to find another firm and move my accounts. I have no relationship with Etrade and never have had, but I would be interested in hearing what has been so terrible about it. Just curious
Mean As Nails
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Re: Man, My IRA
[Re: HobbieTrapper]
#7222761
03/21/21 02:25 PM
03/21/21 02:25 PM
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Joined: Sep 2007
Posts: 3,674 Near Alexandria, MN
BanditBuster
trapper
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trapper
Joined: Sep 2007
Posts: 3,674
Near Alexandria, MN
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Mine is up over 30% YTD, mostly consisting of small cap oil exploration companies. Some of my midstream dividend stocks got hammered short term, but rebounded. Most of my portfolio is in real estate, so I mostly use my IRA to speculate in commodity producers.
Despite the poor historic returns I do dabble with precious metals. With the crazy expansion of the M2 money supply, shortage of above ground silver and the rising use of it in electric cars, I believe we'll see a significant price jump. That being said, it's more of a hedge against inflation rather than an investment.
Since we've had a 12 year bull market, I'm starting to stack cash for the crash in real estate prices.
Last edited by BanditBuster; 03/21/21 02:30 PM.
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Re: Man, My IRA
[Re: WyFurHarvesters]
#7222835
03/21/21 04:54 PM
03/21/21 04:54 PM
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Joined: May 2010
Posts: 10,490 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,490
MN
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Silver and Gold both Look at what $100 in Gold or would have made you if you bought it 50 years ago vs investing it in a S&P 500 index fund. Rough calculation you could have bought under 3 oz of gold for $100 depending on how you bought it, at todays value the 3 ounces would be worth $1743 an ounce or $5229. The same $100 invested in the S&P 500 would be worth $15,400 reinvesting the dividends. Gold and silver aren't investments, they are insurance. When the US dollar loses its reserve status it will be a good thing to own. The Dems are going to pump so much money into the money supply the markets won't have any choice but to go up.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Man, My IRA
[Re: Steven 49er]
#7222842
03/21/21 05:01 PM
03/21/21 05:01 PM
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Joined: Mar 2007
Posts: 35,176 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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Silver and Gold both Look at what $100 in Gold or would have made you if you bought it 50 years ago vs investing it in a S&P 500 index fund. Rough calculation you could have bought under 3 oz of gold for $100 depending on how you bought it, at todays value the 3 ounces would be worth $1743 an ounce or $5229. The same $100 invested in the S&P 500 would be worth $15,400 reinvesting the dividends. Gold and silver aren't investments, they are insurance. When the US dollar loses its reserve status it will be a good thing to own. The Dems are going to pump so much money into the money supply the markets won't have any choice but to go up. I agree. The question is........what markets ??
Mean As Nails
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Re: Man, My IRA
[Re: Tactical.20]
#7223207
03/21/21 10:29 PM
03/21/21 10:29 PM
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Joined: Jan 2008
Posts: 3,021 USA MN
Snowpa
trapper
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trapper
Joined: Jan 2008
Posts: 3,021
USA MN
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Were yous guys using a professional money manager? Thats the only way i could see where you could be down that much. Mine is ok, I haven't a dime invested!! 😁 Wife thinks we should buy silver Hands on silver ,Paper silver is just paper in a crash
Never Confuse Stupid With Crazy
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