Also called “guardrails”.
yeah, guardrail. where tf did I get “bumpers”?
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Maybe it’s a southern New Jersey vs northern New Jersey thing.
I have been pretty happy with my dividend etfs in my brokerage account. When SHTF in April they held up pretty well and i never felt like i had to take action other than buy more. They are cranking out like 4% in dividends each year which has started to become real money.
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Kids birthday parties at a bowling alley?
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something like that. i had the concept correct, but the syntax f’d up
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Are electric utilities a current sector play, dividends plus growth potential. X california ones, of course.
So is that gold and silver physical or electrons on a screen that tell you you own gold?
I have two ounces of gold and twenty ounces of silver among my $350K of silver and gold holdings. What difference does it make, do you really think we are going to start buying stuff with gold coins next week? The US Dollar is down 10% since the start of the year.
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IMO:
Physical gold is a ticket out when SHTF.
Electronic gold is a bet against fiat.
Gold has been gaining ever since Trump became the nominee in 2024 and has been accelerating as he puts his policies in place. 10% of that is gains against the USD and the rest is a gain against all fiat.
I think it is important to keep in mind what it is, and what it is not.
Plus other countries buying up gold and probably looking to distance themselves from USD.
I have been meaning to trim my holdings so I sold off about 100K
I certainly respect that. The problem I see in folks that buy gold is a lack of discipline. They ignore a couple solid rules wrt investing.
Not selling is the same thing as buying. That simply reflects the decision to hold the investment rather than the cash funds available at the current market price. The exact same value call as a buyer.
Sell discipline is having a number in mind that is the the highest you will pay. Like having a top limit before you bid on something at an auction. Certainly update that number for each of your holdings on a regular basis to acknowledge changes in the environment. But that means at least some minimal work on every holding.
Once you hit $3M, $500k is just a few good months of returns
Electric generation is outperforming electric distribution (thinking of exelon’s constellation spinoff vs parent company performance)
I would start selling off some of your gold positions now if you are over 10% portfolio wise.
Better to crystallise some of the profit now. You won’t be leaving all that much extra profit on the table over the next few months.
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Canada Post’s strike is a bit of an issue, but I’m definitely looking at it.
I think we’re getting close to bubble territory price for gold now, so there now seems to be a concerted effort by investors to look at other precious metals. Silver should do well these next few months under that scenario.
Morgan Stanley has been pushing 60/20/20 allocations (equity/bonds/precious metals) for its clients as well.
Yeah I’m looking to ease out of gold to an extent. I still have $115K that I don’t want to sell because of taxable gains that I would like to be long-term.
Gold’s 14-month relative strength index (RSI) has touched 90, a reading last seen during major peaks in 2011 and 1980.
Hmm. A correction may follow. Or it may not.
Quite a bold stance, BoA.
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I’m thinking it’s hard to figure out what next given chaos in the U.S.
I may sell my easy to sell stuff and see how the postal strike works out with the rest.