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vand

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  1. Like
    vand got a reaction from Roy in Pep talk: don't sell your PM now   
    I wouldn't do that if you don't need to. If your portfolio balance has got out of acceptable boundaries then just redirect where you money goes in subsequent months until it gets back to where you want it.
  2. Like
    vand got a reaction from AuricGoldfinger in Pep talk: don't sell your PM now   
    I wouldn't do that if you don't need to. If your portfolio balance has got out of acceptable boundaries then just redirect where you money goes in subsequent months until it gets back to where you want it.
  3. Like
    vand got a reaction from Roy in Pep talk: don't sell your PM now   
    If anyone is paying more than about 3% on any loan right now, they're paying too much. 5% mortgage? You should be aiming for sub-2% in the current mortgage market. Those low rates increase the risk premia of investible assets, making investing more attractive than paying off debt. 
     
  4. Like
    vand got a reaction from Thebigeasy in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  5. Like
    vand got a reaction from Nick1368 in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  6. Like
    vand got a reaction from Rat in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  7. Like
    vand got a reaction from dicker in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  8. Like
    vand got a reaction from HerefordBullyun in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  9. Like
    vand got a reaction from Abyss in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  10. Like
    vand got a reaction from goldmember44 in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  11. Like
    vand got a reaction from Roy in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  12. Like
    vand got a reaction from damok666 in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  13. Like
    vand got a reaction from silenceissilver in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  14. Like
    vand got a reaction from Silverhigh in Pep talk: don't sell your PM now   
    As we hit new highs, I am putting out another reminder - do not sell your metals. 
    The bull market is now transitioning from its early adoption phase to its main phase. This will last for years during which time the gain in PMs will be in multiples. Those with patience to ride the long term bull market will be rewarded with real gains in the hundreds of percentage points - those so greedy to bag quick profits will be left behind at some point when the market takes off higher and they never manage to get back in.
    Do NOT dance in and out of your main position. Trying to time the market is how people miss out of life-changing bull markets. The time to consider selling is still years away.
  15. Like
    vand got a reaction from onlyroadtoheaven in Silver Monitoring Thread $ (USD) only   
    The big big picture technical is starting to look very bullish for silver. 
    The last 5-6 years can really be considered as a huge basing period, but we are close to moving out of that.
    We have bee trading above the long term moving averages for most of the time for a year now, and now - depending on which moving averages timeframes you like to use - we are close to seeing an upside golden cross with the forming (55wma is about to cross through the 233wma):
     
  16. Like
    vand got a reaction from Kman in Gold Monitoring Thread $ (USD) only   
    Spot has hit $1800
  17. Like
    vand got a reaction from 5huggy in Gold Monitoring Thread $ (USD) only   
    Spot has hit $1800
  18. Like
    vand got a reaction from Ushao in Goal - Financial Independence In Ten Years   
    Great thread. Everyone wants financial independence and I have a similar goal, but that doesn't mean I won't continue to work as I believe work fulfills an important human requirement.
    Firstly, I agree with your views on property. That goose is dead, and when (not if) the crash comes, many overleveraged people will be wiped out and the accompanying economic recession will be much worse than 2008-09. That said, I do believe that eventually owning your own home at a sensible price (ideally around x200 gross rent) is an important part of becoming financially independent, but those sort of prices wont return until there is a violent price reset.
     
    I also agree that, unless you are VERY savvy, PMs are likely not the way to future prosperity. Of course, some of many of us discussing this are trying to get to that "very savvy" pointy end, but you have to be very contrarian to do so, and I'm not sure that we are at that stage of the commodities market these days as we were in 2000-2002. PMs main role is to preserve purchasing power, which is not the same as building wealth. There may be, indeed surely will be, a time where PMs have their moment in the sun and offer the chance of a big return, but for the most part it is "insurance".
    The rules of building wealth are simple (but not easy):
    -maximize your earnings
    -minimize your expenditures
    -invest wisely in proven sustainable, wealth-building assets when they are attractively priced
    -diversify to spread your risk around, but only as much as you need and only invest in what you understand
    -avoid chasing a fast buck and making mistakes which can wipe out your capital. A 10% loss just needs a 11% rise to recover, a 90% loss needs a 1000% rise to return.
    Most of the time none of this comes easy or quickly, and in today's environment cheap money has inflated every asset price (except commodities) so your choices are limited. But if making money was easy then more people would be rich!
    I also think that setting a time frame for such "blue sky" goals is not a good idea. Maximize your own potential and focus on smaller deliverables. See where you are in 2 years time. Most of us are seeking the same goals and working a lifetime to get there!
  19. Like
    vand got a reaction from seasidestacker in Silver Monitoring Thread £ (GBP) only.   
    All the Covid selloff losses have now been recovered, and Silver is starting to behave much more like a precious metal than an industrial one.
     
  20. Like
    vand got a reaction from GoldenPhil in Silver Monitoring Thread £ (GBP) only.   
    No asset has been hotter than silver in recent weeks.
    GSR has moved from a 125:1 peak back to 96:1 today, and we are challenging the Feb peak at £14.60
     
  21. Like
    vand got a reaction from Stu in If silver goes to £28 per ounce like 2011   
    £28 will seem cheap by the time the FOMO phase of this cycle is upon us. 
  22. Like
    vand got a reaction from GoldenPhil in Gold Monitoring Thread $ (USD) only   
    GDX is behaving itself very well. In fact, it has significantly outperformed the metal over the last 18 months - this is important action that characterises all gold bull markets.
  23. Like
    vand got a reaction from ZigZag in Chart Of The Day thread   
    This is a good'un:
    https://www.marketwatch.com/story/jobless-claims-set-to-soar-by-the-millions-as-layoffs-surge-due-to-coronavirus-shutdowns-2020-03-25?mod=bnbh
     

  24. Like
    vand got a reaction from SVK in Chart Of The Day thread   
    Love this infographic I just ran into comparing asset breakdown by tier:

     
    https://medium.com/@jeffwiener/are-you-really-cut-out-to-be-rich-1f2afadd76d8
  25. Like
    vand got a reaction from Bullionaire in Chart Of The Day thread   
    Love this infographic I just ran into comparing asset breakdown by tier:

     
    https://medium.com/@jeffwiener/are-you-really-cut-out-to-be-rich-1f2afadd76d8
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