I’m staying in gold, property and cash. When the gold:property ratio hits my figure I’ll move more into property, probably a ten year trade at least, maybe more.
I think there are some sectors which still can work, but it’s kinda high right now, so i just sell puts with low strike prices.
Guys, I’m speechless.
The run this week has been retirement level lucrative.
I hope everyone’s gotten a piece of it.
How’s gold doing? 
Boeing gone boing!
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Was just about to post. I 2x’d this week.
Has anyone changed their mind on oil? If OPEC doesn’t fumble tomorrow, I should be doing very well come 6:30am on Monday.
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I was never off oil. Of course it was going to roar back.
I’ve got XOM and BP so cheap it should be illegal.
I bought OXY back in the 9s and have been swing trading it for 3 months.
Also hold BPS and XOM. Several long contracts as well.
REITS have actually contributed the most to my portfolio. I bought some shares of a few, but I bought January contracts on 4 different companies and they are all up 1-2x. I’m doing everything I can not to sell them now.
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DO NOT SELL!
Double dipping huge capital gains and huge dividends! Very exciting.
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Also, I’m struggling not selling too so you’re not alone. We have runway.
Still on it’s climb for over 20 years, in reality it’s holding it’s real value, unlike fiat currency.
Gold gives you one investment. One.
I get to invest in every business, unlimited investments.
My upside is unlimited — yours? Very limited.
Gold will never overtake fiat, unless we have a zombie apocalypse. At that point nothing matters. We’re all dead.
You will never win this battle, sorry.
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You have no understanding of how all this works. I’ve tried not to engage you on the stupidity you continually spout from “I’m long trade” to buying, selling and being big in Boeing all within 8 weeks. I asked you once how you value stocks and you didn’t have a clue. We discussed gambling and again you demonstrated a complete lack of good gambling principles.
You are a poor gambler and hypocrite. The worst of it is your hubris encourages people who have even less of a clue than you.
“Long term“ my arse.
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Come on man, don’t be such a blowhard!
You can’t take a little ribbing and critique without responding like above? It’s all off base too. Like your weak ass investing strategy.
My position has been very consistent in this entire thread. Long on solid, researched Covid-19 stricken stocks. A few others as well, like WFC. Some oil.
But hey, I’d be mad if I missed 50-200% gain opportunities too.
Keep grinding the gold partner.
#staymad
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Some physical gold is generally a solid hedge tumultous markets. I have some. I would not go all in on it, it should be part of a diversified portfolio. That being said, I think that the current prices might be a good time to move some into cash and wait for a drop, depending on your outlook. An increasing market tends to drive down gold just like government bonds, but if you think that there’s a second dip coming, it’s a safe harbour to hedge against other markets. Real estate is also a historically safe haven, especially long term. So hi investment strategy is very safe and long term, at the sacrifice of possible larger gains at greater risk. The stock market can be gambling, and give you a rush if that’s what you’re after, but it’s always a good plan to spread things out over slow gainers as well as riskier stuff to hedge your long term. It’s less exciting, but if your goal is to shoot for slow and steady without risk - as it should be as we get older - then it’s a good strategy to make sure that your family is taken care of if something happens to you.
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Hey, his strategy is fine. I completely get the gold hedge in a downturn. Smart. Real estate? Of course! Sitting on gold right now? Not my style.
My brokerage account says I’m a good gambler. Not sure what the hell Fonzy is talking about.
I don’t make picks myself. I’m in a stock group. This is by far the best 12 weeks I’ve had in the stock market over the past 15ish years I’ve been investing.
Yet Fonzy says I don’t know what I’m doing. Love this guy!
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Depending on tomorrow with OPEC, I’ll take 75% of what I made and buy a duplex. I hit my two year goal this week. Didn’t thinking doubling my money would come so quick.
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Boom!
My Covid-19 portfolio posted 36% …this week.
I’m up 165% on Luckin.
It’s been a wild ride.
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I’m kicking myself for not buying Luckin. I forgot about it after looking into it more.
I’m also halfway to having my mortgage paid for by dividends. It’s been a long goal of mine to have no mortgage payment.
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What a great Monday! up 26% right now. I have sold everything except for two long positions and my call options. Hoping all the bears in here are right and I can ride back up in a few weeks.
Even if I sold too soon, can’t feel bad about 111% in one week.
EDIT: Can someone explain to me why CHK is up 175% today and 400% in the last week?
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Exactly my strategy. Oil, cruise, airline, and some banking. I plan on riding it out. I’ll buy more if we get a big dip. So far I have done the best I have ever done, but I’ll admit some was luck. At the same time, I couldn’t buy that those companies were actually worth 1/4 what they were a few weeks earlier. Figured there has to be a really good recovery coming, and bankruptcy was my main fear.
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