“What’s your favorite place for your investments currently ?”
since I started posting on this board in 2004 I have stayed away from giving financial advice
the few times I have given specific advice I was sharing exactly what I was doing with my own money and suggesting that it was the smart thing to do
in the 2004 timeframe my advice was to sell excess real estate and put the proceeds into silver and gold – silver was below $5/oz and gold was below $500/oz – not bad advice in hindsight given what real estate and bullion have done in the last 4 years
I mostly stayed away from the “sell your house and rent” debate because I didn’t believe that was reasonable advice for everybody – my emphasis was on ‘excess’ real estate
in the middle of 2008 I was advising people to cash in their 401Ks and take the tax hit because that was exactly what I was doing at that time – let’s see, took a 15% tax hit and avoided a 30-50% decline in the equity markets – again, not bad advice in hindsight
I’m not ‘investing’ any money in today’s markets so I can’t offer any specific advice in that area – I am speculating in the e-mini’s but don’t have any paper investments (equities, bonds, annuities, etc) that I hold over night
I will share (and have shared) my ‘big picture’ investing advice and that is to identify secular trends and get on the right side of them – that is the sum of my investing advice
a person following this advice only has to make a few correct investment decisions in their lifetime and they will do quite well in the long run
IMO, precious metals are in a secular bull market that has another 5 to 15 years to run while paper investments are in a secular bear market that has at least another 5 years to run – real estate is in a secular bear market that has at least another 3 years to run and probably a few years longer than that
each person has to decide for themselves where the secular bull and bear markets are and how to get on the right side of these trends – obviously, there have to be people on the wrong side of these trends or we wouldn’t have markets to be talking about
