Your Welcome Everybody

Hi folks,

Love the thread. Thanks. I'm 67 and our investments are diversified and conservative (other than crazy me and my mad money). Most of this is via mutual funds and dividend paying stocks of companies where I shop (i.e. my utility company, my phone company, etc.)

As for my speculative self, I'm basically a momentum investor looking for divergences in the market where one sector, segment, country, diverges from the rest of the market. These trends can last for several years. Witness the Big Bonanza in pm's from 2002 - 2012. When I spot a divergence that might be a new trend, I make a small play - say 25% of my target investment. If it wins, I add another 25%. If it makes money, I add the rest. I never add to a flat or losing momentum play. If it loses 10% (or whatever you wish to use as your stop loss), I start selling. If it continues to drop, I exit.

This eliminates trying to time the market completely. I only buy what's going up and stay with it only as long as it does. This allows me to ride the train up the mountain and get off before it comes all the way back down.

As for this market . . . geez, from a macro perspective, I'm still a bit skittish. That said, my mo play is with the junior silver miners. I'm too dumb to play options but love piling into the wee silver miners. Not only do I see more leverage in silver and silver miners but right now the gold/silver ratio is about 1/80 and the gold/XAU ratio is 18.8. Both point towards overweighting silver to gold and mining stocks to bullion.

My big play is with with Silvercorp SVM but I'm also riding EXK, AG and ASM. We'll see how it continues.

and so it goes,

peace,

rono

 

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Well, the day is friday. If GDX stays where it is, I'll be cashed out at roughly a 22% profit, and will have missed another 20% upside. I'm ok with it. It'll be the first time in years I've made any money end to end in the bullion world.

What to do with it after is beyond me? I'm not going to chase back into it and try to buy the shares back at a higher price.

Buying shares of Boeing is on my short list. They look like a dividend juggernaut.

 

Alpaca farm!!! You can thank me later!

Glad to see you hit this one!

 

Index funds are the way to go for a lot of us.
Several years ago, Warren Buffett bet the SP500
would beat the Hedge Funds over a ten year period.
So far, he's right. He's leaving his wife all Index Funds. My secondary retirement account is all Index funds. My "play" account of individual stocks is doing ok but is a lot of work.

 

"Buying shares of Boeing is on my short list."

I've bought/sold BA several times doing well with all the trades. Turns out I should've gone with my gut and bought Lockheed Martin, LMT.

 

I can share a story about LMT. I bought them a few years ago when they were at $85. They quickly rose to $115 and I thought, "Hey, let's not be greedy." I dumped it all for a hefty profit in the short run. Then I watched at it run all the way to $200.

Oh well. Win is a win I guess.

 

Well, my options were exercised on Friday. I ended up with a 24% profit in 8 months. I ended up missing out on an additional 24%. As in my previous post, a win is a win I guess. Whoever bought my options ended up turning 30 cents into $3.20 in less than two months. 1100% gain on that one?

 

"Oh well. Win is a win I guess."

Any time you take profits off the table is a win, IMO.
I can't justify buying them now at the lofty price.

"my options were exercised on Friday."
LMT?

 

Folks....2 words to avoid catastrophe or disaster via stupidity or market volatility or geopolitical nonsense:

Asset Allocation !!

 

GDX.