Moi's Money's Worth

[moi621]

Bank interest. About 1%.

Just bought another Gold American Eagle and ten Silver American Eagles.
Golf spot $1587.3 coin $1675.0
Silver spot $27.34 coin $31.39

When I need it, it will be worth more.
I got this life time disability policy, y'see.

Moi

[moi621]

Greek government backed bonds or Spain?

Gold and Silver about the same as above.

Moi

[moi621]

Why isn't my
MOO http://finance.yahoo.com/q?s=moo&ql=1
and
FUD http://finance.yahoo.com/q?s=fud&ql=1
skyrocketing?
They are not doing much of anything except, losing like most of my non metal investments.

Just goes to prove, it is a fixed game.

Moi

[Riverwind]

Moi finally comes round to reality. Moi, its about the 1% and if your not in that 1% your a looser.

River

[bobover3]

FUD is up 4.5% YTD. It's up about 20% since July, reflecting soaring drought prices. Your complaint? I've advised you many times NOT to "buy and hold." You need an exit strategy, so that you hang on to profits. That's called swing trading. Ride the sine waves of the market up and down. Buy on dips, sell on peaks. That's how John Maynard Keynes made a large fortune. (Wouldn't you know the liberal idol belonged to the 1%?)

MOO is down 7.2% for 12 months because it holds stocks of agribusiness companies that produce things like fertilizer, seed, and farm equipment. When farmers hurt, they buy less of these things.

When you buy ETFs, you need to be sure what they hold. FUD holds commodity futures. Drought drives them up. MOO holds stock in Monsanto, Deere, Potash, Mosaic, ADM, etc. Drought drives them down.

[A-1]

FUD is up 4.5% YTD. It's up about 20% since July, reflecting soaring drought prices. Your complaint? I've advised you many times NOT to "buy and hold." You need an exit strategy, so that you hang on to profits. That's called swing trading. Ride the sine waves of the market up and down. Buy on dips, sell on peaks. That's how John Maynard Keynes made a large fortune. (Wouldn't you know the liberal idol belonged to the 1%?)

MOO is down 7.2% for 12 months because it holds stocks of agribusiness companies that produce things like fertilizer, seed, and farm equipment. When farmers hurt, they buy less of these things.

When you buy ETFs, you need to be sure what they hold. FUD holds commodity futures. Drought drives them up. MOO holds stock in Monsanto, Deere, Potash, Mosaic, ADM, etc. Drought drives them down.

Dear Bob/3,

Thank GOD you are back.

I cannot tell you how much we have worried about you and prayed for your health and your return.

[bobover3]

Thank you A-1. I've been afraid to come back because I can't take the acrimony any more. I'll try to tip-toe around the edges.

I'm not recovered yet, even though I'm home. I still have tubes in my throat to breath and my stomach to eat. But I'm stronger. Thanks to all who sent their good wishes, especially to those who called me at the hospital.

[moi621]

Purchased 1 Gold America Eagle and 4 Silver American Eagles for
$2015.48
as $1861 + four times $38.62

Even today, I believe it is a good way to "bank" some of my money because -
When I Would Need It -
It Will Have Worth greater then 2015.48 in 9/13/12 dollars placed the Bank or mattress this day.

Moi
Just trying to maintain my money's worth.
No extras.

[bobover3]

Very smart, Moi.

[Paolo]

I know an old gentleman here who sold a silver dollar (rare New Orleans mint mark) for over $100.
He turned it into non-perishable foods, too, and things like toilet paper and HBA. Can't say as I blame him.

[moi621]

So I get this free advice
Buy INTC
Then -
http://finance.yahoo.com/news/analys...15574.html?l=1
"As PC era fades, good times may be over at Intel"
Blah blah, intel missing out on the smart phone market.


Don'tchya just luv free financial advice.

More Gold. More Silver.
Now and then I go to London Coin and buy 1, 1oz Gold American Eagle and take the
rest in Silver American Eagles to a total cost of $2K.

Moi
Just trying to maintain my Money's Worth.

[bobover3]

As I wrote you, you need the long-term view. You're missing the forest for the short-term trees.

Intell is a company with extraordinary financial and technical resources far exceeding its new competitors. It can enter any computer market it chooses in a big way. Being first with trendy technologies is not always an advantage, because companies like Intel can come in later with something that tops the early arrivals. They take the risk of opening a market; the Intels of the world can reap the rewards. It's happened many times. Ask yourself who was first with PCs (IBM - now out of the business), net browsers (Netscape), smart phones (Blackberry), search engines (Yahoo), etc. In each case, it wasn't the company in the lead today. The article you read is typical trend-following journalism. Serious investors know to discount such things.

[moi621]

As I wrote you, you need the long-term view. You're missing the forest for the short-term trees.

Intell is a company with extraordinary financial and technical resources far exceeding its new competitors. It can enter any computer market it chooses in a big way. Being first with trendy technologies is not always an advantage, because companies like Intel can come in later with something that tops the early arrivals. They take the risk of opening a market; the Intels of the world can reap the rewards. It's happened many times. Ask yourself who was first with PCs (IBM - now out of the business), net browsers (Netscape), smart phones (Blackberry), search engines (Yahoo), etc. In each case, it wasn't the company in the lead today. The article you read is typical trend-following journalism. Serious investors know to discount such things.

Then again, Intel could just go the way of Kodiak.
Yesterday's appliance sales.

Moi

[MrCanary]

Ah but was Kodiak in a bear market?

[bobover3]

Well, that's why there's always some risk in investing. But study the financial statements of Intel and you'll find one of the most solid companies in the world. By financial criteria, it's in the top 10 or 20. You can say "what if" about any company. But how plausible is that "what if"? People have said the same thing about Microsoft for years, but it's still a world-class cash machine. You shouldn't confuse the fads and enthusiasms of short-term traders with sound long-term investment. Kodak was displaced by a wholly new technology, like horses were displaced by cars. The distinction between PCs and smartphones is not so basic, and can be bridged once the new market stabilizes.

You can make money as a "momentum trader" - someone who buys whatever is going up, regardless of its business merits. But doing that requires a highly disciplined approach to exiting positions, something, Moi, you've repeatedly told me you won't do.