The GOLD scream room
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- 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....
Re: The GOLD scream room
It certainly doesn't seem so.Cortopassi wrote:Does the stock market ever stop going up?
Don't agree with me too strongly or I'm going to change my mind
- Cortopassi
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Re: The GOLD scream room
Sure feels like I am flushing money down the toilet with the latest rebalance buying more gold and TLT!
Ocho, your 1260 just got hit! Who knew. Do you predict it will rise now?
Ocho, your 1260 just got hit! Who knew. Do you predict it will rise now?
- Cortopassi
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Re: The GOLD scream room
AND....the minute I enter my depressing note, the markets reverse.
Thank God I am doing the PP.
I would otherwise be acting stupidly on these gyrations.
Thank God I am doing the PP.
I would otherwise be acting stupidly on these gyrations.
Re: The GOLD scream room
I'm just sitting here doing nothing, watching in amazement. I may buy more if we go down to $1200. Otherwise, I think I'm topped off. I bought at $1280, a few days too early.
- dualstow
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Re: The GOLD scream room
Is there anything to be amazed about or are we beholders (myself definitely included) just nuts? I bought at maybe 1299; it'll be delivered soon. At first I was kind of sad to see a drop mere hours later but in the grand scheme of things does it really matter? No. If gold goes down to US$750 or up to $2000, that might matter.ochotona wrote:I'm just sitting here doing nothing, watching in amazement. I may buy more if we go down to $1200. Otherwise, I think I'm topped off. I bought at $1280, a few days too early.
If stocks crash and gold maintains ~$1280, I'll dislike gold a little less.
- buddtholomew
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Re: The GOLD scream room
Yes, but not as less as if it actually went updualstow wrote:Is there anything to be amazed about or are we beholders (myself definitely included) just nuts? I bought at maybe 1299; it'll be delivered soon. At first I was kind of sad to see a drop mere hours later but in the grand scheme of things does it really matter? No. If gold goes down to US$750 or up to $2000, that might matter.ochotona wrote:I'm just sitting here doing nothing, watching in amazement. I may buy more if we go down to $1200. Otherwise, I think I'm topped off. I bought at $1280, a few days too early.
If stocks crash and gold maintains ~$1280, I'll dislike gold a little less.
- dualstow
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Re: The GOLD scream room
One can only hope, Mr B.
Re: The GOLD scream room
We do not know LTTs and gold are going to go up, we do know that at some point in the not too distant future stocks will be going down. If you are taking money out of stocks you are doing exactly the right thing at this point in time.
Last edited by Kbg on Sat Oct 07, 2017 10:08 am, edited 1 time in total.
Re: The GOLD scream room
Kbg wrote:We do not know LTTs and gold are going to go up, we did know that at some point in the not too distant future stocks will be going down. If you are taking money out of stocks you are doing exactly the right thing at this point in time.
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Re: The GOLD scream room
Kbg wrote:We do not know LTTs and gold are going to go up, we did know that at some point in the not too distant future stocks will be going down. If you are taking money out of stocks you are doing exactly the right thing at this point in time.
Yes. Feels wrong so it is probably right.
Re: The GOLD scream room
The purpose of gold is to make people look foolish. If you'd sold at $1262, you'd feel foolish today. In a little while, it may be at $1242. Who knows.
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Re: The GOLD scream room
Finally an explanation for why gold is important!ochotona wrote:The purpose of gold is to make people look foolish. If you'd sold at $1262, you'd feel foolish today. In a little while, it may be at $1242. Who knows.