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<p>[QUOTE=&quot;moneycostingmemoney, post: 2805848, member: 86367&quot;][USER=78298]@Michael K[/USER] I apologize for not being as thorough as I wanted with my earlier reply so I&#039;ll expand here. I do agree with your reasoning. I sit in a higher risk bracket because of my age and goals. I also like tinkering with things so having an active management role in my portfolio suits me. I took a few investment classes and really dove in head first. At the time I moved into stocks it was at a point of decent correction and I felt lucky about the timing. At the time I didn&#039;t understand what correction was, how it worked and why it happened. I learned about that while starting to understand placement and calculating good entry points into positions I wanted to hold. I got into some of the big Buffett picks, domestic oil, but where I took off what&#039;s orphan pharma. A friend of mine had been doing it for years and when we started talking about me getting into investing it started him on sharing his years of experience and understanding in that arena. It was fascinating and knowing that I was making money while my money invested was actually helping people with real medical issues have a chance at a treatment that would improve their quality of life or even cure their disease...sweet icing on the cake. But that same friend had, years earlier, mentioned PMs and how, at that time, it was a great investment opportunity. I brought it up to him while talking Stocks one day and he gave me the same look that my investment instructor (who is a leading broker) gave me when I asked him about it. I figured since my instructor was there to talk about his field, and my friend was so focused on stocks that I&#039;d take a detour and start learning trends and factors for PM valuation movement. The ONLY things that really stuck out and were easily grasped were the inverse movement to the indexes and that fear and sentiment really effect the valuation. That being the case I acted on my knowledge just before and after brexit and did pretty well with it. Once I was out of what I intended to do I placed the whole thing back into my portfolio ahead of where I would have been had I left it there. I do understand that this is a very risky and speculative move, but I would never go over what I am willing to see burn up into this type of playing.[/QUOTE]</p><p><br /></p>

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