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PZG (AMEX) Paramount Gold and Silver Corp.
Steve |
YTD: 1.1%
(Woo hoo, at this rate I should be able to retire in mid October) 2010: 19.7% I probably don't want to get my exact stats for 2009, as they weren't all that much to write home about. |
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indiv. stocks in tech did about 9% tho I am not a 1 year "kinda guy" - some other accounts did better, nothing over 20% I don't think.
just bought a couple of PV solar stocks... |
As a reference point, the broader markets were all up about 10-11%. They were up double digits the year before, too. So while we're still down from the all time highs, we should all have been seeing double digit increases over the last two years.
Did I? No, because I broke my own rule and was out of the market too long. My wife and I just talked about it between Christmas and New Year's and she reminded me to put all the money in my Keogh's money market account into index funds to take advantage of the increases we expect this year. I should have done it long ago. I'll have about half in three stocks I like a lot (and one I hate but now I have it) and the other half equally split between the S&P 500, NASDQ, and a DOW index fund. No international funds. Trust me, they're the next bubble. Oil and comodities are going to go crazy this year, but inflation will remain extremely low. Manufacturers won't be able to pass on cost increases. Maybe that will change in 2012, but it won't in 2011. Gold will keep going up for a while, but when it crashes, it will be a bubble for the ages. Anyone want to keep tabs on their investments and compare them to a mixed portfolio of the S&P 500/DOW and NASDQ? |
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30 years of putting away between 10 and 14%, having employer match 7% (recently fell to 6%) it adds up quickly. |
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I definately wasn't wise when I was a kid, but I've always been cheeeep and hated spending money. |
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This Thread is the blind leading the blind...
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Did U hear of QE2? Exactly what is the Fed policy here? Do you know that Bernanke is playing a dangerous game? The risks are high. Take a look at when QE2 was announced and Gold tokk a bump in price...Hmmm just maybe there is a correlation here? Did yo hear about the Sovereign Debt crisis in Europe and how it reflects on the Euro? Do you realize the USA is sporting a 14T USD debt and they are going tohave to raise the debt ceiling? Have you been paying attention to the various state budget crisis's. And the price of Gold is going to go down? Ouiet frankly this is azz backwards thinking...The way U should look at it is... The price of Gold isn't going up, but the value of your currency is going DOWN. Further since Gold is basically a commodity like oil or corn etc and you say they are going to go crazy...that is inflationary..and your stating Gold is a bubble..is a contradiciton in terms. Which is it? U say the mfg's won't be able to pass on the prices...have you bin to the Grocery store, or bought a gallon of gasoline lately? U can't see the forest for the trees...where is your long view...of how the system is working? |
Funny - said the exact same thing this morning about gas prices. Your money just buys less.
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International funds are the "Next Bubble"..hmmm the growth in the world is in the developing economies and one of the reasons why US corps are doing well is that they are selling into that development....
The US and Europe are in a slow growth mode...U see all that debt they are carrying is like a ball and chain..or in other words a drag on their economies..and one can say thank you to the social democracy advocates for that one. Now if some were astute in their thinking they could see that the Mother of all bubbles is SOVEREIGN DEBT... The SD primarily of the USA and Europe has reached the proportions where it is putting the entire Global economy at risk. As a mateer of fact the sytem is so out of balance as to make the system act erractically. For example QE2 was supposed to bring the 10 year US T Bill down from 2.5% to 2% and what happend the 10 year is now trading at 3.35%. It went from 2.5% to as high as 3.5% in about 1 months time...that is a very quick move upward for such a short period of time. The commodities including Gold and Oil have been on an upward spiral since the institution of QE2... The Stock Market on the other hand started going up in September when it began to be apparent that the Republicans would take back the House and possibly the Senate. and QE2 was instituted. Take yer choich as far as causation? So what stage is this setting? |
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You know anthing about CHK? |
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