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<p>[QUOTE="Rono, post: 2365752, member: 6492"]Hi folks,</p><p><br /></p><p>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.)</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>My big play is with with Silvercorp SVM but I'm also riding EXK, AG and ASM. We'll see how it continues.</p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 2365752, member: 6492"]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[/QUOTE]
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