Silver getting crushed today

Do some research, you will be surprised at the ratios of people who lose and people who win in the markets. The vast majority are financial losers. Even with experienced day traders, they experience a 75% loss on average. That number is much higher for the average Joe who puts money in the stock market.

 

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Day traders? Sure, I assume most of them will lose money. It's gambling, with the house (brokerage) taking a cut of every transaction. Most of the day-traders I've talked to are sort of apologetic about their-chart analysis rituals, but not enough to stop the folly.

Most "average Joes" interact with the market through 401(k)s and mutual funds. Those are mostly managed by sensible people who milk off just enough to keep themselves comfortable without driving off investors.

Over time, across multiple companies, money put into stocks grows.

 

Many people get suckered in thinking they can make it rich in the forex currency market, or day trading. When all it those are is people being brought in for the bosses to make money. Many lose tens of thousands of dollars. And when they do make a profit, it's normally before house costs.

Buying individual stocks one has to dispel of favoritism and research reality. ie, going back to researching the Good and the Bad of a stock, it's competitors and the market. Too many times they only want to research the "good" stuff about a stock. Only to find out the bad stuff really matters too.

Mutual or Bond Funds are the easiest to invest as the money managers will hopefully make it profitable for the investor. But those still require research, and can still have negative months/ quarters / years. So it's still investor beware.

 

Hey guys I have a ? Ok Provident is pre ordering panda's as of today I guess expected to ship around 1'st dec. If I lock in and silver goes down I lock at today's price correct? I usually like to wait until middle of dec and pre order my ase and maple at same time. But for some reason I missed the panda last year. they want like $6.00 over spot today. ya think that will stay close to the same? Not asking for future silver price. Just wondering thoughts on pre order today plus I would have to pay ship for just one.

 

that reminds me.
last night in Halloween there was this kindergarten kid I gather in a panda suit. Except it had a largely oversized head. I wish I took a photo, it was funny as the parents had to walk the kid around otherwise s/he'd fall over.

Okay, no info about silver price and the panda oz but just had to interject.

edited: changed "oversized heard" to "oversized head" lol

 

It's always fun to hear about kids and their cute little shenanigans.

 

I dumped all my silver that wasn't nailed down when it hit $42. I was in it $6 - $8 per oz. I know what a bubble looks like. I didn't lose, but made 600+%.

 

Yeah, I got in when you did, even somewhat lower, and got out just a tad later than you. I kept my "set stuff" only. Anything not in a set I cared about went.

 

This is NOT true. The "bias" in the equities market is that most players win. Not so for metals and casinos. That said, people who do panic sell when things head south do lose. Just don't do that.

 

How's GM's stock? It went to 0. The GM of today is not the same company pre bailout. I don't think people realize that GM went belly-up. I have a neighbor that gambled hoping it would be bailed out, but it wasn't. It was taken over and literally became Government Motors. PMs never go to Zero at least.

 

We didn't buy GM. We bought Ford. Even a blind pig could tell there was a quantum difference between GM's and Ford's balance sheets. Go back and read it.

 

Not 100 percent sure how they do it, but that's how it should work. Whatever price you buy it if they take payment at that time should lock in the sale at that price regardless of what happens

 

Aha, one of the Fortunate Few!

 

*computer glitch - please disregard*

 

*computer glitch #2 - disregard again*

 

Exactly. The single most important tool in the investor's kit is PATIENCE.

 

I wasn't as smart as Kurt and his family -- I bought a couple of stocks (NT, one of the big mortgage companies) that went to zero, and rode them all the way down, losing thousands. ("Buy and hold" isn't always a winning strategy.)

But I could sell less than half of my Apple or Google today and more than cover all those losses just from my profit. Or I could sell my eBay and PayPal -- I got in on the PayPal IPO for a hundred shares ($1300), held on while eBay acquired them and then spun them back out. Together, those shares are worth more than 11 times what I paid for them. Again, that would cover all my mistakes.

And I'm not even that good at this. I'm mostly buy-and-hold, usually on the basis of limited research and insight. If I'd put it all into reasonable mutual funds -- instead of a couple of stars, a few dogs, and a lot of moderate performers -- I'd be further ahead than I am now.

 

Well, they certainly should be willing aka agree to lock your order in at today's silver price considering they will have your money free and clear for an entire month to do with as they please, i.e. invest and/or spend elsewhere. Apparently that is Provident's standard stock in trade and perhaps even their best way of making a profit, which is to sell things to customers that they don't yet have in their inventory while simultaneously collecting your payment in full for said as yet unavailable goods up front. Great work if you can get it, as they say.

 

Your ultimate conclusion is entirely valid.

 

I just knew letting Porky The Squint handle all my investments was a sound idea.