Howdy folks, I've been buying silver at these prices for a few months now. Nothing extraordinary, but a steady increase on the margin. This has been world crowns and hockey pucks. I completed the latter set to date, albeit in bullion form rather than sealed. This is what I consider core investment. However, yesterday, the miners exploded. I've retained a toehold in Silvercorp, my lead dog from a speculative play I made last year about this time. Today I expanded that and added some Aurcana. Note that both of these are junior silver mining stocks - penny stocks if you will. These can be extremely volatile, but it's where you attain maximum leverage. Both of these incremental purchases are my form of scaling in to a speculative play in the bullion market. I'll continue to make further incremental purchases as long as this continues to grow. If it stops growing or drops, I will stop adding or even start cutting back my play. I only add to winning plays. This is momentum investing and it's something I do with the 'casino money' portion of my portfolio. and so it goes, peace, rono
In other words, buying after they've gone up, and selling after they've gone down? Sorry, I couldn't resist. You, I, and everybody else knows that you can't consistently predict future performance -- but trends do happen, and success does breed success in many cases. I risk less than you by sitting on the sidelines, but I also stand little chance of "winning big". Good luck with your "fun money"!
Howdy and thanks, You're absolutely correct. You cannot predict when to buy or sell. And sure, I will only buy when something has already gone up. However, most trends in the market place last for more than a few months and you don't have to buy at the very bottom, nor sell at the top, to make money. When I play blackjack, I will increase my bet after a winning hand by a percentage of my previous bet - normally a 25%-50% parlay. I will continue to do this so long as I win. When I lose I start over. It's amazing how much you will have drawn down if you win 10 hands in a row. and so it goes, peace, rono
