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<p>[QUOTE="Cloudsweeper99, post: 1039950, member: 3011"]Collector, I stand by my statement that your comments to an investment beginner are irresponsible and wrong. Stocks represent the partial ownership of businesses, and the dividends plus reinvestment of capital offer advantages that gold cannot. Gold has a time and place, as the last decade and next year or two demonstrate. Stocks offer a lifetime of wealth-building opportunities. Gold is a bad holding about 75% of the time. I'm sorry that you and your grandfather were burned by buying heavily leveraged stocks of companies with no competitive advantage and insecure dividends. No individual investor with even a minor amount of training would have owned any company you mentioned [except perhaps a trader using technical analysis with appropriate loss control]. It is very easy to avoid this sort of problem by learning to read a financial statement. You and your grandfather may be just about the only people who started investing in the stock market and haven't made any money and/or bought all losers. But my point isn't to convince you. I know that can't be done. I only want to help prevent you from misleading others. Anyway, you can have the last word and try to talk the young folks here out of making what could turn out to be the best investment of their lifetimes.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1039950, member: 3011"]Collector, I stand by my statement that your comments to an investment beginner are irresponsible and wrong. Stocks represent the partial ownership of businesses, and the dividends plus reinvestment of capital offer advantages that gold cannot. Gold has a time and place, as the last decade and next year or two demonstrate. Stocks offer a lifetime of wealth-building opportunities. Gold is a bad holding about 75% of the time. I'm sorry that you and your grandfather were burned by buying heavily leveraged stocks of companies with no competitive advantage and insecure dividends. No individual investor with even a minor amount of training would have owned any company you mentioned [except perhaps a trader using technical analysis with appropriate loss control]. It is very easy to avoid this sort of problem by learning to read a financial statement. You and your grandfather may be just about the only people who started investing in the stock market and haven't made any money and/or bought all losers. But my point isn't to convince you. I know that can't be done. I only want to help prevent you from misleading others. Anyway, you can have the last word and try to talk the young folks here out of making what could turn out to be the best investment of their lifetimes.[/QUOTE]
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