An idea I would like some feedback on!

[IONEGARM]

The whole process is flawed, the way you are proposing to invest in ANYTHING, not just commodities. It is just a short term bet, pure speculation on a gut feel. No analysis.

You think the dollar is done, Why was the treasury auction bid to cover so strong today? Or do you have the inside scoop with the central banks?

Why not foreign stocks, bonds or currencies? Why just commodities? Why not have a diversified portfolio and overweight somewhat in the areas you believe might do well. NO, this is all just a brilliant plan to make a quick buck by an obvious luminary who is beating the market and seeing things ahead of everybody else. You’ll be rich!

Let us know the day you make the trades.

[socrattt]

[quote=IONEGARM]
Why not foreign stocks, bonds or currencies? Why just commodities? Why not have a diversified portfolio and overweight somewhat in the areas you believe might do well. NO, this is all just a brilliant plan to make a quick buck by an obvious luminary who is beating the market and seeing things ahead of everybody else. You’ll be rich!
[/quote]

I guess you can’t read well either. As I mentioned above I am heavily diversified. My portfolio has a large amount invested in foreign stocks, bonds and currencies.

I sort of question where you pulled all these other facts from. I asked a question about credit cards and commodities. Where in that riddle did you happen to see whether or not I was invested in more than just commodities. Don’t allow assumptions to make an a** out of yourself.

*Disclaimer: I am not a financial consultant, economist or genius, nor do I claim to be therefore advice is greatly appreciate.

[socrattt]

[quote=IONEGARM]
Why not foreign stocks, bonds or currencies? Why just commodities? Why not have a diversified portfolio and overweight somewhat in the areas you believe might do well. NO, this is all just a brilliant plan to make a quick buck by an obvious luminary who is beating the market and seeing things ahead of everybody else. You’ll be rich!
[/quote]

I guess you can’t read well either. As I mentioned above I am heavily diversified. My portfolio has a large amount invested in foreign stocks, bonds and currencies.

I sort of question where you pulled all these other facts from. I asked a question about credit cards and commodities. Where in that riddle did you happen to see whether or not I was invested in more than just commodities. Don’t allow assumptions to make an a** out of yourself.

*Disclaimer: I am not a financial consultant, economist or genius, nor do I claim to be therefore advice is greatly appreciate.

[socrattt]

[quote=IONEGARM]
Why not foreign stocks, bonds or currencies? Why just commodities? Why not have a diversified portfolio and overweight somewhat in the areas you believe might do well. NO, this is all just a brilliant plan to make a quick buck by an obvious luminary who is beating the market and seeing things ahead of everybody else. You’ll be rich!
[/quote]

I guess you can’t read well either. As I mentioned above I am heavily diversified. My portfolio has a large amount invested in foreign stocks, bonds and currencies.

I sort of question where you pulled all these other facts from. I asked a question about credit cards and commodities. Where in that riddle did you happen to see whether or not I was invested in more than just commodities. Don’t allow assumptions to make an a** out of yourself.

*Disclaimer: I am not a financial consultant, economist or genius, nor do I claim to be therefore advice is greatly appreciate.

[socrattt]

[quote=IONEGARM]
Why not foreign stocks, bonds or currencies? Why just commodities? Why not have a diversified portfolio and overweight somewhat in the areas you believe might do well. NO, this is all just a brilliant plan to make a quick buck by an obvious luminary who is beating the market and seeing things ahead of everybody else. You’ll be rich!
[/quote]

I guess you can’t read well either. As I mentioned above I am heavily diversified. My portfolio has a large amount invested in foreign stocks, bonds and currencies.

I sort of question where you pulled all these other facts from. I asked a question about credit cards and commodities. Where in that riddle did you happen to see whether or not I was invested in more than just commodities. Don’t allow assumptions to make an a** out of yourself.

*Disclaimer: I am not a financial consultant, economist or genius, nor do I claim to be therefore advice is greatly appreciate.

[socrattt]

[quote=IONEGARM]
Why not foreign stocks, bonds or currencies? Why just commodities? Why not have a diversified portfolio and overweight somewhat in the areas you believe might do well. NO, this is all just a brilliant plan to make a quick buck by an obvious luminary who is beating the market and seeing things ahead of everybody else. You’ll be rich!
[/quote]

I guess you can’t read well either. As I mentioned above I am heavily diversified. My portfolio has a large amount invested in foreign stocks, bonds and currencies.

I sort of question where you pulled all these other facts from. I asked a question about credit cards and commodities. Where in that riddle did you happen to see whether or not I was invested in more than just commodities. Don’t allow assumptions to make an a** out of yourself.

*Disclaimer: I am not a financial consultant, economist or genius, nor do I claim to be therefore advice is greatly appreciate.

[moneymaker]

I was going to do something similar with gold in early 2005. In hindsight I should have done it. I believe you can do it again in june/july without resorting to credit cards. As soon as gold hits $1000, I predict sometime this summer. Buy as much as you can afford to,doesn’t really matter how you hold it. As soon as it hits $1500,sometime before the years end,sell it. Who would turn down 50% in times like this. Anyway I won’t be doing it as I just “invested” in a house so good luck to those that still have cash! The trick is to not be greedy and have a predetermined sell point, and know that you don’t need the money for day to day expenses.

[moneymaker]

I was going to do something similar with gold in early 2005. In hindsight I should have done it. I believe you can do it again in june/july without resorting to credit cards. As soon as gold hits $1000, I predict sometime this summer. Buy as much as you can afford to,doesn’t really matter how you hold it. As soon as it hits $1500,sometime before the years end,sell it. Who would turn down 50% in times like this. Anyway I won’t be doing it as I just “invested” in a house so good luck to those that still have cash! The trick is to not be greedy and have a predetermined sell point, and know that you don’t need the money for day to day expenses.

[moneymaker]

I was going to do something similar with gold in early 2005. In hindsight I should have done it. I believe you can do it again in june/july without resorting to credit cards. As soon as gold hits $1000, I predict sometime this summer. Buy as much as you can afford to,doesn’t really matter how you hold it. As soon as it hits $1500,sometime before the years end,sell it. Who would turn down 50% in times like this. Anyway I won’t be doing it as I just “invested” in a house so good luck to those that still have cash! The trick is to not be greedy and have a predetermined sell point, and know that you don’t need the money for day to day expenses.

[moneymaker]

I was going to do something similar with gold in early 2005. In hindsight I should have done it. I believe you can do it again in june/july without resorting to credit cards. As soon as gold hits $1000, I predict sometime this summer. Buy as much as you can afford to,doesn’t really matter how you hold it. As soon as it hits $1500,sometime before the years end,sell it. Who would turn down 50% in times like this. Anyway I won’t be doing it as I just “invested” in a house so good luck to those that still have cash! The trick is to not be greedy and have a predetermined sell point, and know that you don’t need the money for day to day expenses.

[moneymaker]

I was going to do something similar with gold in early 2005. In hindsight I should have done it. I believe you can do it again in june/july without resorting to credit cards. As soon as gold hits $1000, I predict sometime this summer. Buy as much as you can afford to,doesn’t really matter how you hold it. As soon as it hits $1500,sometime before the years end,sell it. Who would turn down 50% in times like this. Anyway I won’t be doing it as I just “invested” in a house so good luck to those that still have cash! The trick is to not be greedy and have a predetermined sell point, and know that you don’t need the money for day to day expenses.

[Sandiagon]

[quote=socrattt]The last few weeks I have been pondering an idea of using my credit cards for everyday items and my utilizing cash to buy commodities. I plan on making my minimum payments as my interest rates are pretty low due to my high credit score. I do know that this may impact my credit score, but to be completely honest I believe there will be some drastic changes to the credit system within the next few years. Assuming that tomorrow’s debt will be worth much less wouldn’t this be a wise decision to make? I also believe gold and silver will continue its upward movement as we move into a hyper inflationary period. I would love to hear some feedback on my thoughts.[/quote]

Who advised you to invest in commodity market (I am assuming futures market) by borrowing money? My sincere advice is never invest in futures market with borrowed money. Never invest more than 20% of your surplus money. You must have clear exit plans. I will provide one example. You are expecting Oil will reach $100.00 in July 2009. You bought July 2009 oil futures contract for $50.00. Maximum loss you can bear $10.00. It means you can bear $10,000.00 loss. Each contract is 1000 barrels. It means you must sell your contract when it touches $40.00. If you have a discipline to stick to your exit plan, futures market may good for you.

[Sandiagon]

[quote=socrattt]The last few weeks I have been pondering an idea of using my credit cards for everyday items and my utilizing cash to buy commodities. I plan on making my minimum payments as my interest rates are pretty low due to my high credit score. I do know that this may impact my credit score, but to be completely honest I believe there will be some drastic changes to the credit system within the next few years. Assuming that tomorrow’s debt will be worth much less wouldn’t this be a wise decision to make? I also believe gold and silver will continue its upward movement as we move into a hyper inflationary period. I would love to hear some feedback on my thoughts.[/quote]

Who advised you to invest in commodity market (I am assuming futures market) by borrowing money? My sincere advice is never invest in futures market with borrowed money. Never invest more than 20% of your surplus money. You must have clear exit plans. I will provide one example. You are expecting Oil will reach $100.00 in July 2009. You bought July 2009 oil futures contract for $50.00. Maximum loss you can bear $10.00. It means you can bear $10,000.00 loss. Each contract is 1000 barrels. It means you must sell your contract when it touches $40.00. If you have a discipline to stick to your exit plan, futures market may good for you.

[Sandiagon]

[quote=socrattt]The last few weeks I have been pondering an idea of using my credit cards for everyday items and my utilizing cash to buy commodities. I plan on making my minimum payments as my interest rates are pretty low due to my high credit score. I do know that this may impact my credit score, but to be completely honest I believe there will be some drastic changes to the credit system within the next few years. Assuming that tomorrow’s debt will be worth much less wouldn’t this be a wise decision to make? I also believe gold and silver will continue its upward movement as we move into a hyper inflationary period. I would love to hear some feedback on my thoughts.[/quote]

Who advised you to invest in commodity market (I am assuming futures market) by borrowing money? My sincere advice is never invest in futures market with borrowed money. Never invest more than 20% of your surplus money. You must have clear exit plans. I will provide one example. You are expecting Oil will reach $100.00 in July 2009. You bought July 2009 oil futures contract for $50.00. Maximum loss you can bear $10.00. It means you can bear $10,000.00 loss. Each contract is 1000 barrels. It means you must sell your contract when it touches $40.00. If you have a discipline to stick to your exit plan, futures market may good for you.

[Sandiagon]

[quote=socrattt]The last few weeks I have been pondering an idea of using my credit cards for everyday items and my utilizing cash to buy commodities. I plan on making my minimum payments as my interest rates are pretty low due to my high credit score. I do know that this may impact my credit score, but to be completely honest I believe there will be some drastic changes to the credit system within the next few years. Assuming that tomorrow’s debt will be worth much less wouldn’t this be a wise decision to make? I also believe gold and silver will continue its upward movement as we move into a hyper inflationary period. I would love to hear some feedback on my thoughts.[/quote]

Who advised you to invest in commodity market (I am assuming futures market) by borrowing money? My sincere advice is never invest in futures market with borrowed money. Never invest more than 20% of your surplus money. You must have clear exit plans. I will provide one example. You are expecting Oil will reach $100.00 in July 2009. You bought July 2009 oil futures contract for $50.00. Maximum loss you can bear $10.00. It means you can bear $10,000.00 loss. Each contract is 1000 barrels. It means you must sell your contract when it touches $40.00. If you have a discipline to stick to your exit plan, futures market may good for you.

[Author]

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