I literally put everything outside of my 401k to Gold a month ago. Keep with it or move to SGOV? Holy fuck, thought I'd at least make a bit more playing it safe with it. Also put my entire IRA to Silver and Copper mining stocks (down like 30%)
>>62010018>!SGOV>SPXUI am actually considering this
>>62010018But you are holding an actual, real world commodity with utility that isn't internet funny money! You're the better, you're holding SOUND money!
>>62010018If it makes you feel any better, all my friends at the Hindu temple did the same moves and are also down big. You're not alone, don't feel bad.
>>62010109Praise vishnu pray to cow and gold pump big time
>i bought a giant pump of a commodity with little use besides as a store of value>why am i losing moneyreally?
>>620101005000 kg needed for a scout rocket saaars!
>>62010119You're not understanding, this is actual money and not at all like fiat it's supposed to go up because it's gold.
>>62010119>>62010132I thought it was the fastest horse. To me it seemed like we would only print more money every month, so it should keep the same trend
>>62010132well irony aside it is safe and always goes up, when its at a fair price kek.i dont get /biz/tards keep buying the top when actual gold stores refuse to buy at the recent market price
>>62010018The pump for PMs and mining stocks ended. Now they will dump for the foreseeable future. If you aren't familiar with how these things work then stick to the "safe" investment advice that financial advisors give to the goyim.
>>62010018there should be another PM bull market in the 2030's. just wait.
>>62010156Diwali is late this year, November rather than October. So we'll get some relief there too
>>62010094yeah, might just take a knee and do it too. SGOV for my brokerage and SPXU for my IRA. I hate losing money
>>62010018Yeah man, sell low, buy high.
>>62010018You might regret now, but you will be extremely happy in 15 years.
>>62010018How fucking dumb can one person be. Kys OP.
>>62010018Time horizon matters. If it's 10+ years, you'll be fine. If it's <3 years you could be in trouble. I think it will recover just fine in 3 years, but always plan for worse case scenarios.But in general, there is a reason you shouldn't go all in on any one type of trade no matter how good it looks. Gold, silver and copper are all correlated so that was way to much risk in one sector. Lowering risk isn't just picking safe investments, it's taking into account that your thesis may be wrong.
>>62010018bahahaha faggots on this board laughed at me for SGOV and chill, well who's laughing now?
>>62010326Yeah, was planning to hold just until next year. Do you think I'm better off just selling to SGOV? Maybe SPXU within my IRA?My whole thesis was that stocks down, commodities will go up, especially with money printing coming from this war, but seems the big players are cashing out to something else >>62010500I'm still mostly SGOV. My entire IRA is gold/silver/copper mining stocks though. I might just sell off my brokerage back to SGOV though and dca to BTC when its below 50k
>>62010515Here's the IRA. Tempted to sell off all to SPXU
>>62010515>>62010523And here's the 401k. Open to any suggestions. I bend the knee guys. I'm not able to make money off investments whatsoever. I'm just good at my job, that's it.
>>62010018Retard
>>62010515>>62010523>>62010546You simply should not be investing in miners if you can't handle a 30% drawdown. That's just normal movement for them. You should also not touch spxu. Shorting the market is difficult even for skilled traders. It's also leveraged so large drawdowns are normal even in moves going your direction and you've proven you can't handle that. You seem took risk adverse, so what you should do is decide on a well diversified portfolio based on allocation percentages to a few simple funds and rebalance on a set schedule and just forget about it. Fidelity has baskets that you can use to automatically do this for you, it costs like $5 a month.
>>62010100True gold bugs buy the real thing. You’re supposed to liquid enough to hold the real thing forever. You can get a ton but there’s such a thing as “enough” for what will happen down the road. Going all in is retarded speculation. Didn’t they teach you this stuff?
>>62010788Meant for>>62010018
>>62010751Thanks for the reply. Do you think I should keep the miners then?Also, what do you think of just going all in SGOV and buying back BTC later this year? That's the only investment I've ever made good money from by buying in bear markets and holding a few years til bull markets
>>62010018>>62010100>>62010788you should diversify between stocks (which are good when things are stable but worthless if SHTF) and gold/silver (which won't gain as much as stocks when the economy is stable but will have value if SHTF)and also guns/ammo.
So you basically got in at the very top after the normie mania drove the price radically higher, not exactly a good timing if you're looking for a quick buck.However you'll be fine long term, but it might be 3-5 years for us to reach the top again.
>>620108433-5 years just to break even? I rather just get out to treasury bills at that point, then buy BTC
Yeah sell so this correction can end please thank you.
Have you seen the 10yr treasury bond yield? Only a matter of time before the fed reluctantly has to cut rates, run the money printers, and buy up debt!
>>62011004So, then keep everything as is?
>>62010810I just said don't go all in anything and to use percentages and just forget about it... A common style of portfolio, is 60% stocks, 20% alts (which can include PMs, crypto, and/or real estate) and 20% bonds which can include SGOV. Have your baskets rebalance in your IRA monthly or quarterly. Stuff goes up and stuff goes down, as long as you are constantly buying something in a well diversified portfolio, you will be ok. You shouldn't be trading with your IRA unless you know what you are doing and you clearly don't.I would leave the miners in your brokerage alone, those are small amounts, might as well leave it and consider them as part of your alt allocation. IRA, I would keep some GLD as alt allocation and sell the rest and follow the 60/20/20 strategy. How much you want to allocate to GLD and how much to bitcoin is up to you, but once you make your decision stick to it and stop caring about what the markets are doing in your IRA. Your 401k has a target retirement of 35 years, you have plenty of time.
>>62011016I'm very long on PM so I wouldn't worry about it. I see it as a bet ZOG will crumble and fail (which it is doing right now). However if you're just trying to make money quick and be in things that aren't losing money I don't think PM is the right fit for you.
>>62010018Gold is not for speculation, it's for holding. Hold long enough and you can take profits out and recoup the initial investment amount, if that makes you sleep better. Then you can tell yourself that the gold you have left is "for free".
