Why Energy Storage Investors Need to Understand Economies of Scale [View article]
Yes, I wish my finger had gotten a little itchier @ $1.20, I could be buying more now. I just hate to take the chance I am wrong and lose my 50-centers. :-).
Great analysis and very timely for me. I'm waiting for a good entry point on some muni-bonds and this is a help. From looking at historical charts, I figure the next time everyone panics like they did in 2008, there should be an ever better opportunity to buy many bonds at a nice discount. They will make a nice addition to my retirement portfolio.
Also like your bit about when to buy and sell. Perfect. I like to buy when everyone is selling.
Have to agree with rpontius. I don't know if you have heard about the "gold bug" parties. Like Tupperware parties of old, someone hosts a party and people (usually women) can bring their unwanted gold and get cash for it. My wife got invited to one a few months back when gold was just over $1300. She did not take any gold to sell. I told her that all of those women would be mad in a few months because they sold their gold so cheap. When all of those people are looking to buy gold, that's when I will look to sell.
In the meantime, miners will see large gains once the manipulation no longer works, which will happen soon. That coupled with the very large earnings the miners should report this year. Before this is over I see large increases in the pps of anything remotely related to PM's.
April 21: Too Many Similarities to a Year Ago [View article]
You could be right, and I actually hope you are. However, I am usually a believer in the adage that the market will do exactly what you think it will. I also believe that most investors are usually wrong. I do not mean to imply that you are wrong. I just often do the opposite of what most people do and it usually works to my advantage.
Case in point; A good friend bought SSO @ $18 2 years ago. Panicked and sold @ $20 because he thought we were going to double-dip. He didn't listen to me when I told him to buy some more of it @ $23. At the time everyone was talking double-dip. I said it wasn't going to happen then because everybody thought it was. He kept telling me how he was sure the market was going to tank and then he would buy it. Now he is thinking about getting in because he doesn't want to miss out on any more gains. Perfect example of the average investor doing the wrong thing. He also didn't listen to me when I told him to buy gold at $1000. That's what is starting to happen now. The average retail investor is afraid they are missing out.
April 21: Too Many Similarities to a Year Ago [View article]
Great article. However, this year I think the similarities will end with the size of the correction. I believe this one will be much more severe. I sold a bunch of equities in April, and have been selling ever since we crossed 11,000 Dow. Sure I've given up some gains, but to me this is a classic bear market rally which is now pulling in all the people who are afraid they are missing out on all of the gains they are hearing about.
Every week where I live there are more stories about increasing food prices, increasing gas prices, businesses closing their doors, schools cutting positions, etc. There may be a recovery somewhere, but it isn't in my neighborhood.
I'm not a gloom-and-doomer, but I am realistic. Helicopter Ben has painted himself into a corner, IMO. Can't raise rates, can't end QE, and I can see nothing good happening in the near future.
My plan is accumulate cash as we go up. I'll have plenty of bargains available within the next 12 months, IMO
IMO it is both, S and D. I think the bubble has a long way to go before bursting, and if/when that happens the new norm will be much higher than most folks think. I seriously doubt we'll ever see $1000 again, and most likely the new norm will be much higher.
I remember that, flash. I made serious cash in a fund called International Investors . I see the miners lagging as a bullish signal. One thing I do is keep my eyes and ears open. I figure it won't be long and I'll be hearing people talk about the price of gold and they'll start thinking they need to get in. Most people on the street either don't have the money available to purchase bullion and/or don't want to store it once they do buy it. They'll start looking for ways they can play the increasing price, and the easiest way will be via a gold ETF, mutual fund or individual mining stocks. The best is yet to come for the miners, both established mines and juniors, IMO. I could be wrong, but I see at least $90 GDX on the horizon.
4 Reasons to Expect More QE and Higher Prices for Gold and Silver [View article]
Did we get separated at birth? LOL. These are the same things my co-workers get tired of me saying every day. I'm tired of our leaders trying to make things "fair" for everyone. Life isn't fair, and the sooner every learns that, the better. I worked my butt off for 35 years with a full-time and part-time job, went to school two nights a week and spent many long hours at the office. I'm not going to apologize for my success, and I don't want to share it with anybody. I don't mind helping those who truly can't help themselves, but don't make me help some poor slob who refuses to do the hard work it takes to be successful.
Gold Could Top $1,505 and Silver Could Top $45.45 This Week [View article]
Have to agree with your strategy, M-lover. Doing pretty much the same myself. Playing the trends I see taking place. Percentage of equities I own gets lower every time the prices go up. I'd rather forego a little upside potential in order to avoid what I see are big market losses coming. Too many average investors, who are now getting suckered into this rally, will be heading to the hills at the first big sign of trouble. They don't want to lose everything like they did in 08-09.
Why You Should Hold Cash Now and Buy Bonds When Rates Spike [View article]
Agree, Rolf. While no one can predict the future, my strategy is to play the trends I see developing. I suppose you could call it a macro-view investing style. I'm currently looking at these trends and recent events;
Interest rates historically follow a 30-year cycle. I do remember paying 18 percent on a car loan for my first new car, and that was, let me see, oh yeah 1983.
UT has decided to hold $1B in gold bullion. Hmmmmm. Enough has been written about the implications of that move
Pimco sells all of their T-bill holdings - to me not a bullish sign for bonds
S and P downgrade - whether or not you view this as politically motivated, the implications are clear to me. Certainly not a long range bullish sign.
Interest rates - Once QE-whatever-number-we-... ends, who will buy our debt at current rates? Not I said the little red hen
I still have plenty of skin in the equity game, but that percentage is going down every time the market climbs a percent or two. I'm perfectly happy losing out on a little bit of gain now to prepare for a bigger one later on.
Axion Power's Market Value: An Elephant Hunter's Thesis [View article]
I sure hope it all works out for you, bang. I am quite positive it will. I have been in AXPW for a couple years, first buying at $1.90, sold some at 2-something, bought again at $1.90 and then bailed at $1.27 after the crazy offering they did. Watched it drop and then bought a bunch at 50 cents.
I like to break my investments into categories of risk/reward ratio. Risk is factored using current price, past price, revenues, etc. Then I look at short and long-term potential, revenues if any, gov't regulations, etc. I consider Axion at the medium-risk for very high reward point.
I'm certainly not all-in here, maybe about half of one-percent I suppose, but certainly think the future is very bright indeed.
Fingers crossed and looking to add a bit more before the big news we are all waiting for hits.
Follow the Rich: Hold Cash Now, Buy Bonds When Interest Rates Rise [View article]
Smart move. One of my buddies is a high-end home builder and real-estate broker. He keeps moving the price of his new homes lower in order to sell them. As for existing, he just told me the story of a couple he met with just last year. They wanted to sell their home and he told them it would go for $109K. That was during the gov't kickback. They held off, and this week he told them he could maybe get $90.
It will take a long time to work through the glut of available homes, and prices will stay low or move lower as mortgage rates inevitably rise.
Follow the Rich: Hold Cash Now, Buy Bonds When Interest Rates Rise [View article]
Coincidently my 401K money is with Vanguard, and the money I have made while the market climbed may very well end up in one or a few of their bond funds after prices drop.
Follow the Rich: Hold Cash Now, Buy Bonds When Interest Rates Rise [View article]
There's the rub. Trying to figure out what's next. While I do think the economy is improving in general, such as in improving employment numbers, I don't think it is sustainable given the rate of increase we are seeing in prices of food and energy.
Plus, I don't know about where you live, but here in NY just about every school system is cutting jobs, more factories are leaving town, the state is considering laying off thousands of workers. I don't think this is an isolated phenomenon. While a growth in the number of people finding jobs has been encouraging, I don't believe we are seeing a concomitant increase in the real spending ability of those workers. The jobs I have seen are not good, high-paying jobs for the most part.
IMO I wouldn't count on an improving economy supporting the price of corporate bonds. Yes, your yield may be supported and constant based upon the price you paid, but I would personally rather wait for a better entry point, because as interest rates increase, the bond prices will fall. That's just the way it works.
April 21: Too Many Similarities to a Year Ago [View article]
Why Energy Storage Investors Need to Understand Economies of Scale [View article]
Municipal Bonds: Woe Is Me [View article]
Also like your bit about when to buy and sell. Perfect. I like to buy when everyone is selling.
Gold Miners Trailing Gold Price [View article]
In the meantime, miners will see large gains once the manipulation no longer works, which will happen soon. That coupled with the very large earnings the miners should report this year. Before this is over I see large increases in the pps of anything remotely related to PM's.
April 21: Too Many Similarities to a Year Ago [View article]
Case in point; A good friend bought SSO @ $18 2 years ago. Panicked and sold @ $20 because he thought we were going to double-dip. He didn't listen to me when I told him to buy some more of it @ $23. At the time everyone was talking double-dip. I said it wasn't going to happen then because everybody thought it was. He kept telling me how he was sure the market was going to tank and then he would buy it. Now he is thinking about getting in because he doesn't want to miss out on any more gains. Perfect example of the average investor doing the wrong thing. He also didn't listen to me when I told him to buy gold at $1000. That's what is starting to happen now. The average retail investor is afraid they are missing out.
April 21: Too Many Similarities to a Year Ago [View article]
Every week where I live there are more stories about increasing food prices, increasing gas prices, businesses closing their doors, schools cutting positions, etc. There may be a recovery somewhere, but it isn't in my neighborhood.
I'm not a gloom-and-doomer, but I am realistic. Helicopter Ben has painted himself into a corner, IMO. Can't raise rates, can't end QE, and I can see nothing good happening in the near future.
My plan is accumulate cash as we go up. I'll have plenty of bargains available within the next 12 months, IMO
How to Play Gold Mania [View article]
Gold Miners Trailing Gold Price [View article]
4 Reasons to Expect More QE and Higher Prices for Gold and Silver [View article]
Gold Could Top $1,505 and Silver Could Top $45.45 This Week [View article]
Why You Should Hold Cash Now and Buy Bonds When Rates Spike [View article]
Interest rates historically follow a 30-year cycle. I do remember paying 18 percent on a car loan for my first new car, and that was, let me see, oh yeah 1983.
UT has decided to hold $1B in gold bullion. Hmmmmm. Enough has been written about the implications of that move
Pimco sells all of their T-bill holdings - to me not a bullish sign for bonds
S and P downgrade - whether or not you view this as politically motivated, the implications are clear to me. Certainly not a long range bullish sign.
Interest rates - Once QE-whatever-number-we-... ends, who will buy our debt at current rates? Not I said the little red hen
I still have plenty of skin in the equity game, but that percentage is going down every time the market climbs a percent or two. I'm perfectly happy losing out on a little bit of gain now to prepare for a bigger one later on.
Axion Power's Market Value: An Elephant Hunter's Thesis [View article]
I like to break my investments into categories of risk/reward ratio. Risk is factored using current price, past price, revenues, etc. Then I look at short and long-term potential, revenues if any, gov't regulations, etc. I consider Axion at the medium-risk for very high reward point.
I'm certainly not all-in here, maybe about half of one-percent I suppose, but certainly think the future is very bright indeed.
Fingers crossed and looking to add a bit more before the big news we are all waiting for hits.
Follow the Rich: Hold Cash Now, Buy Bonds When Interest Rates Rise [View article]
It will take a long time to work through the glut of available homes, and prices will stay low or move lower as mortgage rates inevitably rise.
Follow the Rich: Hold Cash Now, Buy Bonds When Interest Rates Rise [View article]
Follow the Rich: Hold Cash Now, Buy Bonds When Interest Rates Rise [View article]
Plus, I don't know about where you live, but here in NY just about every school system is cutting jobs, more factories are leaving town, the state is considering laying off thousands of workers. I don't think this is an isolated phenomenon. While a growth in the number of people finding jobs has been encouraging, I don't believe we are seeing a concomitant increase in the real spending ability of those workers. The jobs I have seen are not good, high-paying jobs for the most part.
IMO I wouldn't count on an improving economy supporting the price of corporate bonds. Yes, your yield may be supported and constant based upon the price you paid, but I would personally rather wait for a better entry point, because as interest rates increase, the bond prices will fall. That's just the way it works.