You're Ready to Invest -- or are You?

Townhall.com ^ | September 7, 2011 | Carrie Schwab Pomerantz

[Roccus]

Chinese holiday season and Indian wedding season are coming up soon. }:^)

[silverleaf]

Only if she’s interested!

To me it would be torture to invest in something that didn’t personally interest me!

I bought a starter collection and now am getting hooked on Morgans. Also the junk silver like pre-64 quarters and old Mercury dimes

Man if silver would drop into the 30’s I would have fun

But gold is still da bomb. I am starting to like the old french francs, too. Pretty cheap way to buy old gold, easy to resell, pieces of history and less liable to be confiscated or taxed as unearned wealth when the leftist govt comes after our safe deposit boxes and bullion, at least if they use the plan of their god “FDR”

[agere_contra]

Very true!

Also: the Pan Asian Exchange will soon be offering physical Gold contracts, which will destroy the competing paper product from the LBMA banks.

The actual timing of the Pan Asian Exchange offering Gold contracts appears to be “the 4th Quarter”, but the forward stress of such an event will start to drive PM prices higher now as LBMA banks cover their bets.

[Choose Ye This Day]

The current Gold vs DOW cycle won't reverse until it's 1 or even 0.5 oz of Gold to buy the DOW.

How do you KNOW? You sound awfully sure of yourself. You have some sort of clairvoyant predictive abilities? That's amazing that you can see into the future, and then tell people you've never met over a message board that they should "invest" all their money into ONE volatile asset class.

It's like clockwork

Countless fortunes have been lost by people who uttered the same words, or, similarly, "It's different this time." Who knows, though...you may be lucky.

I don't begrudge you your great returns. Good for you. I hope you get to keep them, and I hope you're able to sell when gold starts dropping. I prefer to buy low, sell high, and diversify. I'm just not as smart (or adventurous) as you.

[Choose Ye This Day]

[LonePalm]

I am still looking for the DOW to be under 9,000 before the end of the year.

So long as the government has mandated the excessive high cost of hiring a worker, don't look for companies to hire any more people than they absolutely have to have to survive.

You want to see hiring soar rather than sore? Repeal 0bama Care.

Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)

[tbw2]

Better choices for a 20-something:
* Pay off any student loans and all other debt. The ability to put something back for retirement doesn’t mean debt free. And the interest rate on her debt is her rate of return for paying it off.
* Build up a large cash cushion for down payment on an eventual home. That counts as investing in real estate when she’s ready.

[crosshairs]

Invest in MRE.

[taxcontrol]

I disagree with much of the current market understanding of investing. I am of the belief that in a shrinking or stagnate economy, the best use of money is to reduce debt, create savings to avoid future debt (save for car / house, etc) and limit investments to those provide positive cash flow. This can be a home business, dividend stocks, etc.