[stockstradr]

The new smart bet is simply buying gold and holding it for at least five years.

Let’s see which of us can actually reap those potential gains if we can remember to just buy and hold it, and don’t try to out-smart gold by trading in and out of it.

[stockstradr]

The new smart bet is simply buying gold and holding it for at least five years.

Let’s see which of us can actually reap those potential gains if we can remember to just buy and hold it, and don’t try to out-smart gold by trading in and out of it.

[stockstradr]

The new smart bet is simply buying gold and holding it for at least five years.

Let’s see which of us can actually reap those potential gains if we can remember to just buy and hold it, and don’t try to out-smart gold by trading in and out of it.

[stockstradr]

lot of you guys would jump in and out of the market or play options or do something else dumb…

Well, in my case you are HALF right. Half correct because I did trade myself out of a lot of profits. Yet you are half wrong because I am still UP THIRTY PERCENT NET over the last twelve months across my entire retirement portfolio.

NOt to mention the ~150K in equity losses we avoided by selling our home within 5% of the real estate market peak.

HOwever, I will grant you THIS:

The lesson I STILL need to learn is to place smart bets, and then LEAVE THEM WELL ENOUGH ALONE.

I bought SDS back in Oct. ’07, at the market peak. That’s a 200% leverage short on the S&P500, an index that is NOW 36% below that peak value. So I should be up 70% now on that bet.

I bought puts on the indexes then also. Those had closer to 3:1 leverage. I should have tripled my money.

Also, I knew back in Oct ’07 the markets would fall at least 35%, and I stated that then.

So having made those smart plays, all I had to do was simply hold those positions through to today. Then I would be UP OVER SEVENTY PERCENT net.

Each year I try to learn that lesson, but I never seem to remember to simply let smart bets make money.

[stockstradr]

lot of you guys would jump in and out of the market or play options or do something else dumb…

Well, in my case you are HALF right. Half correct because I did trade myself out of a lot of profits. Yet you are half wrong because I am still UP THIRTY PERCENT NET over the last twelve months across my entire retirement portfolio.

NOt to mention the ~150K in equity losses we avoided by selling our home within 5% of the real estate market peak.

HOwever, I will grant you THIS:

The lesson I STILL need to learn is to place smart bets, and then LEAVE THEM WELL ENOUGH ALONE.

I bought SDS back in Oct. ’07, at the market peak. That’s a 200% leverage short on the S&P500, an index that is NOW 36% below that peak value. So I should be up 70% now on that bet.

I bought puts on the indexes then also. Those had closer to 3:1 leverage. I should have tripled my money.

Also, I knew back in Oct ’07 the markets would fall at least 35%, and I stated that then.

So having made those smart plays, all I had to do was simply hold those positions through to today. Then I would be UP OVER SEVENTY PERCENT net.

Each year I try to learn that lesson, but I never seem to remember to simply let smart bets make money.

[stockstradr]

lot of you guys would jump in and out of the market or play options or do something else dumb…

Well, in my case you are HALF right. Half correct because I did trade myself out of a lot of profits. Yet you are half wrong because I am still UP THIRTY PERCENT NET over the last twelve months across my entire retirement portfolio.

NOt to mention the ~150K in equity losses we avoided by selling our home within 5% of the real estate market peak.

HOwever, I will grant you THIS:

The lesson I STILL need to learn is to place smart bets, and then LEAVE THEM WELL ENOUGH ALONE.

I bought SDS back in Oct. ’07, at the market peak. That’s a 200% leverage short on the S&P500, an index that is NOW 36% below that peak value. So I should be up 70% now on that bet.

I bought puts on the indexes then also. Those had closer to 3:1 leverage. I should have tripled my money.

Also, I knew back in Oct ’07 the markets would fall at least 35%, and I stated that then.

So having made those smart plays, all I had to do was simply hold those positions through to today. Then I would be UP OVER SEVENTY PERCENT net.

Each year I try to learn that lesson, but I never seem to remember to simply let smart bets make money.

[stockstradr]

lot of you guys would jump in and out of the market or play options or do something else dumb…

Well, in my case you are HALF right. Half correct because I did trade myself out of a lot of profits. Yet you are half wrong because I am still UP THIRTY PERCENT NET over the last twelve months across my entire retirement portfolio.

NOt to mention the ~150K in equity losses we avoided by selling our home within 5% of the real estate market peak.

HOwever, I will grant you THIS:

The lesson I STILL need to learn is to place smart bets, and then LEAVE THEM WELL ENOUGH ALONE.

I bought SDS back in Oct. ’07, at the market peak. That’s a 200% leverage short on the S&P500, an index that is NOW 36% below that peak value. So I should be up 70% now on that bet.

I bought puts on the indexes then also. Those had closer to 3:1 leverage. I should have tripled my money.

Also, I knew back in Oct ’07 the markets would fall at least 35%, and I stated that then.

So having made those smart plays, all I had to do was simply hold those positions through to today. Then I would be UP OVER SEVENTY PERCENT net.

Each year I try to learn that lesson, but I never seem to remember to simply let smart bets make money.

[stockstradr]

lot of you guys would jump in and out of the market or play options or do something else dumb…

Well, in my case you are HALF right. Half correct because I did trade myself out of a lot of profits. Yet you are half wrong because I am still UP THIRTY PERCENT NET over the last twelve months across my entire retirement portfolio.

NOt to mention the ~150K in equity losses we avoided by selling our home within 5% of the real estate market peak.

HOwever, I will grant you THIS:

The lesson I STILL need to learn is to place smart bets, and then LEAVE THEM WELL ENOUGH ALONE.

I bought SDS back in Oct. ’07, at the market peak. That’s a 200% leverage short on the S&P500, an index that is NOW 36% below that peak value. So I should be up 70% now on that bet.

I bought puts on the indexes then also. Those had closer to 3:1 leverage. I should have tripled my money.

Also, I knew back in Oct ’07 the markets would fall at least 35%, and I stated that then.

So having made those smart plays, all I had to do was simply hold those positions through to today. Then I would be UP OVER SEVENTY PERCENT net.

Each year I try to learn that lesson, but I never seem to remember to simply let smart bets make money.

[stockstradr]

Exactly. WTF.

Ride the bubble up to the point before it blows and get out. Then when it’s starting to confirm a down trend, short the market.

I agree! That’s exactly what we did. Worked like a *charm* no problem.

It is not everyone’s unavoidable fate to like the masses of dumb sheep, running blindly ahead right over the cliff.

[stockstradr]

Exactly. WTF.

Ride the bubble up to the point before it blows and get out. Then when it’s starting to confirm a down trend, short the market.

I agree! That’s exactly what we did. Worked like a *charm* no problem.

It is not everyone’s unavoidable fate to like the masses of dumb sheep, running blindly ahead right over the cliff.

[stockstradr]

Exactly. WTF.

Ride the bubble up to the point before it blows and get out. Then when it’s starting to confirm a down trend, short the market.

I agree! That’s exactly what we did. Worked like a *charm* no problem.

It is not everyone’s unavoidable fate to like the masses of dumb sheep, running blindly ahead right over the cliff.

[stockstradr]

Exactly. WTF.

Ride the bubble up to the point before it blows and get out. Then when it’s starting to confirm a down trend, short the market.

I agree! That’s exactly what we did. Worked like a *charm* no problem.

It is not everyone’s unavoidable fate to like the masses of dumb sheep, running blindly ahead right over the cliff.

[stockstradr]

Exactly. WTF.

Ride the bubble up to the point before it blows and get out. Then when it’s starting to confirm a down trend, short the market.

I agree! That’s exactly what we did. Worked like a *charm* no problem.

It is not everyone’s unavoidable fate to like the masses of dumb sheep, running blindly ahead right over the cliff.

[stockstradr]

I’m not understanding why some people on here view liquidity of holding gold as a problem?

What am I missing here?

Take my E*TRADE account, which inludes brokerage, savings, checking, retirement accounts.

I move say $10,000 from savings into brokerage. I buy $10K in gold via the ETF (Symbol: “GLD”). Wow, that took a total of sixty seconds.

Three years later. Wow, those same gold ETF shares are worth $30,000.

Oh, I need some grocery money. OK fine.

Sell a few shares of “GLD” then transfer proceeds into checking. All online. Wow, that took another sixty seconds.

Ten minutes later at the grocery store, whip out my E*TRADE ATM card and pay for groceries with dollars that were gold only twenty minutes ago.

I don’t see the problem!

And please don’t give me that blather about “Oh, I don’t trust the gold ETF, blah blah blah. They’ll go bankrupt!”

Hello. They have a gold warehouse. When you buy their ETF, they go buy gold essentially matching their net monetary inflows/outflows. They have over 700 metric tons of gold in a warehouse matching their ETF deposits.

OR you could buy physical gold. Now you gotta Fed Ex that stuff back to your broker, such as KitCo in order to redeem it into dollars.

But again, you are causing yourself inconvenience because of trust issues. Why not just let Kitco hold it for you?

[stockstradr]

I’m not understanding why some people on here view liquidity of holding gold as a problem?

What am I missing here?

Take my E*TRADE account, which inludes brokerage, savings, checking, retirement accounts.

I move say $10,000 from savings into brokerage. I buy $10K in gold via the ETF (Symbol: “GLD”). Wow, that took a total of sixty seconds.

Three years later. Wow, those same gold ETF shares are worth $30,000.

Oh, I need some grocery money. OK fine.

Sell a few shares of “GLD” then transfer proceeds into checking. All online. Wow, that took another sixty seconds.

Ten minutes later at the grocery store, whip out my E*TRADE ATM card and pay for groceries with dollars that were gold only twenty minutes ago.

I don’t see the problem!

And please don’t give me that blather about “Oh, I don’t trust the gold ETF, blah blah blah. They’ll go bankrupt!”

Hello. They have a gold warehouse. When you buy their ETF, they go buy gold essentially matching their net monetary inflows/outflows. They have over 700 metric tons of gold in a warehouse matching their ETF deposits.

OR you could buy physical gold. Now you gotta Fed Ex that stuff back to your broker, such as KitCo in order to redeem it into dollars.

But again, you are causing yourself inconvenience because of trust issues. Why not just let Kitco hold it for you?

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