The GOLD scream room
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- Cortopassi
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Re: The GOLD scream room
Well...that didn't last long...but I'm not looking, right?
- buddtholomew
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Re: The GOLD scream room
Same crap Corto...we have to re-balance when gold and treasuries rise in value.
- Cortopassi
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Re: The GOLD scream room
When the day/year comes that I am able to rebalance OUT of gold because it has risen to a 140% band is the day I will stop worrying about it as an asset. I don't see that coming very soon, but you never know.
That will be a good day, but also one where the worry will shift to why is the stock market continually going down. Nah, that'll never happen.
That will be a good day, but also one where the worry will shift to why is the stock market continually going down. Nah, that'll never happen.
- buddtholomew
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Re: The GOLD scream room
Seriously, daily moves in gold and treasuries far exceed any volatility that I have witnessed in equities over the last 7-8 years.
I can almost guarantee that when stocks enter their decline, gold and treasuries will follow as well.
I can almost guarantee that when stocks enter their decline, gold and treasuries will follow as well.
- Cortopassi
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Re: The GOLD scream room
Yeah, if the same volatility existed in the market, that would probably cause major problems.
Both down over 1% right now, the double whammy always hurts.
Today I start removing methods of me accessing quick views on my accounts. Not worth it.
Both down over 1% right now, the double whammy always hurts.
Today I start removing methods of me accessing quick views on my accounts. Not worth it.
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Re: The GOLD scream room
Then you shouldn't have any gold, or treasurys for that matter.buddtholomew wrote:Seriously, daily moves in gold and treasuries far exceed any volatility that I have witnessed in equities over the last 7-8 years.
I can almost guarantee that when stocks enter their decline, gold and treasuries will follow as well.
If you don't get any advantage from holding either of those, just go 100% stocks.
- buddtholomew
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Re: The GOLD scream room
Yeah that's a great idea, I think I'll do that.Libertarian666 wrote:Then you shouldn't have any gold, or treasurys for that matter.buddtholomew wrote:Seriously, daily moves in gold and treasuries far exceed any volatility that I have witnessed in equities over the last 7-8 years.
I can almost guarantee that when stocks enter their decline, gold and treasuries will follow as well.
If you don't get any advantage from holding either of those, just go 100% stocks.
There's a rhythm or pattern to the portfolio assets in the short term that is difficult to ignore.
Who amongst us has not witnessed gold and treasuries running up until the event and then declining shortly thereafter.
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Re: The GOLD scream room
It's actually very easy to ignore those patterns, or to consider them irrelevant.buddtholomew wrote:Yeah that's a great idea, I think I'll do that.Libertarian666 wrote:Then you shouldn't have any gold, or treasurys for that matter.buddtholomew wrote:Seriously, daily moves in gold and treasuries far exceed any volatility that I have witnessed in equities over the last 7-8 years.
I can almost guarantee that when stocks enter their decline, gold and treasuries will follow as well.
If you don't get any advantage from holding either of those, just go 100% stocks.
There's a rhythm or pattern to the portfolio assets in the short term that is difficult to ignore.
Who amongst us has not witnessed gold and treasuries running up until the event and then declining shortly thereafter.
The latter is what I do, and it saves me a lot of work in posting here about being upset whenever asset prices go down.
- buddtholomew
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Re: The GOLD scream room
By that measure everything is irrelevant.
So you see the pattern too.
So you see the pattern too.
- Cortopassi
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Re: The GOLD scream room
Sort of irrelevant, yeah. I complain, but there are no better alternatives (for me and my makeup)!buddtholomew wrote:By that measure everything is irrelevant.
So you see the pattern too.
100% in stocks? Great for the past 8 years, but who knew?
100% in gold? Depending on purchase date, you are comfortably ahead, near dead even, or severely under water. Who knew?
Etc, etc.
A slightly tweaked PP is still optimal, for me, so much that I plan on buying Craig's and Harry's books for my daughters at some point and hope they follow some version of it for their assets.
And not be as freaking anal about checking it all the time like I do.
- buddtholomew
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Re: The GOLD scream room
As you know I've been selling gold for SCV as mentioned above. I don't want to have to manage the portfolio this closely but you can see the money coming out of gold and treasuries so visibly its almost foolish to just let it be...
Re: The GOLD scream room
Then close your eyes and don't let your pattern seeking and emotions rule your finances. It's dangerous.buddtholomew wrote:As you know I've been selling gold for SCV as mentioned above. I don't want to have to manage the portfolio this closely but you can see the money coming out of gold and treasuries so visibly its almost foolish to just let it be...
Don't agree with me too strongly or I'm going to change my mind
- dualstow
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Re: The GOLD scream room
I bought a handful of coins just before the plummet, when spot was ~1299. Whatever.
Re: The GOLD scream room
I started a smallish PP-inspired Roth for our 19-year-old daughter after she made some money in 2016. The percentages are hard to get right because it's only a few thousand dollars but that is fine. We'll add to it over the next three years when she is still in college. When she is out on her own making real money, she can see how this has worked out so far and decide if she wants to continue investing this way.Cortopassi wrote:Sort of irrelevant, yeah. I complain, but there are no better alternatives (for me and my makeup)!buddtholomew wrote:By that measure everything is irrelevant.
So you see the pattern too.
100% in stocks? Great for the past 8 years, but who knew?
100% in gold? Depending on purchase date, you are comfortably ahead, near dead even, or severely under water. Who knew?
Etc, etc.
A slightly tweaked PP is still optimal, for me, so much that I plan on buying Craig's and Harry's books for my daughters at some point and hope they follow some version of it for their assets.
And not be as freaking anal about checking it all the time like I do.
Cortopassi, I know you didn't ask for my opinion, but in your shoes I would just keep accumulating and not worry so much about current balances. I'm sure you intellectually understand that these dips are good in the long run because you get more shares, ounces or whatever with your new contributions.
What I have come to realize is that it's hard for me to be active on this forum without being tempted to check balances. Damn!
Last edited by barrett on Thu Sep 28, 2017 3:56 pm, edited 1 time in total.
- Cortopassi
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Re: The GOLD scream room
I haven't looked the entire day, on purpose.
But I did just look, and things are up a little overall.
Would it have been worth the 0.12% it has gone up by me checking a dozen times? No.
Yes, I do and will just keep on accumulating, my only question on it is my cash % will be at 140% shortly, and it will happen before the year is out. So do I rebalance on that, or wait for Jan?
I want to start the same for my daughters and am accumulating some reading material for them.
But I did just look, and things are up a little overall.
Would it have been worth the 0.12% it has gone up by me checking a dozen times? No.
Yes, I do and will just keep on accumulating, my only question on it is my cash % will be at 140% shortly, and it will happen before the year is out. So do I rebalance on that, or wait for Jan?
I want to start the same for my daughters and am accumulating some reading material for them.
Re: The GOLD scream room
Just bought at $1280
- dualstow
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Re: The GOLD scream room
Wow, I thought you were done for some reason. You must have a lotta gold.ochotona wrote:Just bought at $1280
Re: The GOLD scream room
Just 10%. Not 25%. Over the next five years I will slowly swap ETF in IRA for physical gold. Like-for-like, so not price sensitive. Just hope I can finish up before ETFs exhibit any weird tracking errors with gold metal.dualstow wrote:Wow, I thought you were done for some reason. You must have a lotta gold.ochotona wrote:Just bought at $1280
Last edited by ochotona on Sat Sep 30, 2017 12:10 pm, edited 1 time in total.
- buddtholomew
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Re: The GOLD scream room
I bought Gold yesterday at market close as well.
Re-balanced out of SCV and back into IAU.
I am only managing around the edges to make it seem like I am doing something
SPY/IJS, IAU, TLT and Cash 28%, 26%, 21% and 23%
Re-balanced out of SCV and back into IAU.
I am only managing around the edges to make it seem like I am doing something
SPY/IJS, IAU, TLT and Cash 28%, 26%, 21% and 23%
- Cortopassi
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Re: The GOLD scream room
I'm waiting for 1250....
- dualstow
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Re: The GOLD scream room
I lost my gold in an accident with a scary, pan-dimensional clown hiding in a sewer inlet.
Re: The GOLD scream room
It's a crazy market! $100 swing in days!Cortopassi wrote:I'm waiting for 1250....
- Cortopassi
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Re: The GOLD scream room
Yes, here I am again not looking at gold going down.
Does the stock market ever stop going up? I am just going to move my net worth into short term SPY calls....
Does the stock market ever stop going up? I am just going to move my net worth into short term SPY calls....
- dualstow
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Re: The GOLD scream room
Cortopassi wrote:Yes, here I am again not looking at gold going down.
Does the stock market ever stop going up? I am just going to move my net worth into short term SPY calls....