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The Stock Market Takes Another Dive - Steer Clear ?
Comments
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MrInvestor wrote: »I am sorry that I worry you.
Your holdings of gold don't worry me one jot. You've made your decision and it looks like you're going to stick with it through thick and thin. I wish you nothing but good luck.And I happen to like talking about gold, and more so reading peoples' thoughts about the subject
Fine, but please take care when talking to novice investors who need to take sensible decisions with sums that can't be replaced if lost.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Gold is a yellow metal of little practical industrial use and of no value other than the value people place on it.0
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Precisely.Gold is a yellow metal of little practical industrial use and of no value other than the value people place on it.
There is no underlying value to support the price if/when sentiment changes.
Gold is touted as a safe investment when in reality it is one of the riskiest, because its price depends almost entirely on sentiment, which can change very quickly.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »Gold is touted as a safe investment when in reality it is one of the riskiest.
I've got no issues with someone holding *some* gold and the Harry Browne Permanent Portfolio uses 25%! However, this is a capital preservation strategy that will lag other investment approaches (albeit with lower volatility) and only works when judiciously rebalanced.
It's the "sell your children, flog your equities, buy gold!" loons that need watching.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
heard of a catfight but not a goldfight£48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
debt/mortgage free 28/11/14
vanguard shares index isa £1000
credit union £400
emergency fund£500
#81 save 2018£42000 -
The FTSE 100 now at 5298, 23.5% below its 1999 all time peak. All sorts of big-time negative indicators out there, and not many (if any) positives.
Steer clear, or buy as a gamble on it being near the nadir and risk shirt-losing ?No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
GeorgeHowell wrote: »All sorts of big-time negative indicators out there, and not many (if any) positives.
That's always the best, and the hardest, time to invest.
Call me mad, but I've been buying a fair bit today, and tomorrow is already looking promising.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »That's always the best, and the hardest, time to invest.
Call me mad, but I've been buying a fair bit today, and tomorrow is already looking promising.
I want to buy some but I've put money down for a house. Care to give me some?
Need to buy me some more TSLA. 0 -
I want to buy some but I've put money down for a house. Care to give me some?
Sure, how about 50 trillion dollars? Of course, it's Zimbabwe dollars...Need to buy me some more TSLA.
I actually still have that on the watchlist for my SIPP. Hell, what's the point in allocating 5% to "themes" if you're not going to do something slightly mental with it?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
GeorgeHowell wrote: »The FTSE 100 now at 5298, 23.5% below its 1999 all time peak. All sorts of big-time negative indicators out there, and not many (if any) positives.
Steer clear, or buy as a gamble on it being near the nadir and risk shirt-losing ?
If you are worried you might lose your shirt on the FTSE then you have bigger things to worry about: our economy would have to pretty much collapse.0
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