I am currently long Halliburton (oil service company) and Freeport McMoran (huge copper and gold miner). Looking to maybe get long Cliff's Natural Resources (iron ore miner) that is currently yielding 5%
I am currently long Halliburton (oil service company) and Freeport McMoran (huge copper and gold miner). Looking to maybe get long Cliff's Natural Resources (iron ore miner) that is currently yielding 5%
Facebook stock recovering from a low of $25.87 to $30.01. DAMMIT.
roh roh, fight da mirror powah
Federation Horticultural Corps
So I just logged into an old Bitcoin account I havent used in ages to realise I still had about £100s worth of bitcoins. OR rather, I bought 50 bitcoins for £100 last October... but in the interim the exchange rate has gone up to 4.5 pounds per bitcoin so its now worth £225!
Bet that return (125% in 8 months) beats anyone elses' investment ITT.
oil is good long imo.Originally Posted by Zumwalt
ive got a lot of XOM, RIG etc.
And tomorrow it would either crash to pennies on the dollar or simply be stolen outright. Dealing drugs is a safer business than trading Bitcoin.
Amusingly I do one in order to utilise the fact that others do the other!And tomorrow it would either crash to pennies on the dollar or simply be stolen outright. Dealing drugs is a safer business than trading Bitcoin.
I agreed with everything you said until you said the returns on whole life are shitty, my company uses WL for almost all our investing when people look for reitrements (We do 401ks Roth IRAs in USA/RRSPs in Canada) and we quite regularly out perform mutual funds etc when tax is taken into account (WL CSV 90% tax free~) I'm not familiar with Life Insurance rules in the USA so it may have different tax implications.Brings back memories... Back in my younger days I got involved with Primerica. Sounded like a decent deal; I was a college student on summer break, needed work, and I figured it was worth a shot. It didn't take long to see the Pyramid Scheme that supported the whole company. Most of the people involved were more concerned about getting new converts than selling any actual product.
Well, that's okay. I went to the training classes on insurance, paid for by the company, took the state of Ohio insurance whatever test, also paid for by the company, and got my certificate that said I was a licensed insurance sales person. I learned a good bit along the way. By the end of it all, it was time to go back to college so I said "See ya, thanks for the free stuff" and never looked back.
They were sad. I got daily phone calls for about two weeks until I told them I would file a harassment report. : >
Primerica really is a weird kind of cult. Man it was weird as hell going to their meetings... Music going on, the cult leader all excited, I'm pretty sure the kool-aid was drugged.
But, their advice to buy term life insurance and invest the remainder in some other thing (Roth IRAs, stocks, whatever) isn't bad. Whole life policies, while guaranteed, have a pretty shit return.
edit: Some companies yes do offer shit returns on Whole Life policies but thats because a) they are incompetent or b) they are greedy as fuck
Last edited by C-2; June 21 2012 at 01:05:49 AM. Reason: For clarification
i bought more apple last week at 575 or so. my SINA is still suffering, but i don't really give a shit. regretting not buying CAT during the time i bought AAPL.
i wonder if netflix is going to unfuck itself anytime soon.
Do you outperform the market?
Yes.
25% Canadian Index Mutual Fund (0.33% MER)
25% US Index Mutual Fund (0.35% MER)
25% International Index Mutual Fund (0.50% MER)
25% Bond Index Mutual Fund (0.51% MER)
Regular contributions ($125 per pay, 10% of paycheque), and rebalance by buying. Will transition to ETFS when holdings > 100K CAD. As I get older, I'll bump up the bonds and reduce the equity.
Gets me market net of expenses. And then I don't care about what's going on the market.
May want to consider getting out of bonds within the next year or two; once rates go back up, your bond fund will get screwed.
I added to my Halliburton holdings on Friday. I am looking at a an oil refiner, DK. Oil refiners are getting helped out by lower oil, because the crack spread (difference between oil price and gasoline price) is widening. I also like the look of the chart, I think it can break out from here.
The rational way to value gold is to look at it's production cost, which is around $350-400/ounce to produce - production cost of gold is based off the mining costs of many other metals that are mined with it, it's not like there are giant pure veins of gold to mine. The total world supply of gold increases by about 1%-1.5% each year.
There have been times in the past, as recently as 10 years ago, where gold has actually traded below it's production cost - those have traditionally been a good time to buy, particularly if securities markets look overvalued like they did in the late 90s. There have also been times, as recently as 30 years ago, where gold has traded at many times it's production cost - those have traditionally proven a bad time to buy gold. I don't expect gold prices to crash, however I wouldn't be the least bit surprised to see a repeat of the 1980s-90s where the nominal price stagnates for twenty years, while steadily going down relative to inflation. Contrary to popular belief, gold is absolutely not a hedge against high inflation.
Anyone got odds on a full on correction happening within the next month or two?
Solid post. However, though production costs are certainly a factor, they should not be the sole determinant from a securities analysis perspective.The rational way to value gold is to look at it's production cost, which is around $350-400/ounce to produce - production cost of gold is based off the mining costs of many other metals that are mined with it, it's not like there are giant pure veins of gold to mine. The total world supply of gold increases by about 1%-1.5% each year.
There have been times in the past, as recently as 10 years ago, where gold has actually traded below it's production cost - those have traditionally been a good time to buy, particularly if securities markets look overvalued like they did in the late 90s. There have also been times, as recently as 30 years ago, where gold has traded at many times it's production cost - those have traditionally proven a bad time to buy gold. I don't expect gold prices to crash, however I wouldn't be the least bit surprised to see a repeat of the 1980s-90s where the nominal price stagnates for twenty years, while steadily going down relative to inflation. Contrary to popular belief, gold is absolutely not a hedge against high inflation.
HL, MVG, and MCP have all been winners for me over the last month. Really am kind of shocked my research paid off.
I've always been bad at knowing when to unload. This is something I have the time to do, and can do the research. But I'm still shaky when it comes to seeing signs of decline in companies soon enough.
HL is my wifes employer, im alright staying with them long term having seen how they operate first hand. The other two im on the fence about. All are tied closely to mineral prices of the minerals they mine ofc. But how much vestment can I put into things like exploration activities? My wifes mine is currently exploiting rock they explored in the 70's. But this is Alaska and that mine is in the middle of a national forrest. I imagine some of MVGs operations and proposed expansions wont be nearly has tied down in the permit process?
Aside from that. Id like to diversify out of natural resources. All told i've capped myself at what I have invested at this point while having flagged this months 3% growth for reinvestment.
Last edited by Jason Marshall; June 28 2012 at 08:49:00 AM.
SLW, Silver Wheaton, is my favorite silver play. Silver follows gold, but just moves with more magnitude.
I encourage you to look at some beat down coal names, I really like BTU and WLT. BTU is primarily thermal coal (used in making electrical power), while WLT is metallurgical coal used to make steel. ANR is another really really cheap name; they bought out Massey Energy last year and are extremely undervalued. Goldman Sachs recently called the bottom in coal names, and I would tend to agree with them.
Fertilizer names like POT, MOS, CF, and AGU have been on a tear lately because of the bad weather conditions for crops worldwide. They tend to move with grain prices. I think these names have some more to run.
CLF, still one of my favorite miners, I'm going to pound the table with this name again. Cheap PE, great yield, and at multi-year support. This name can easily go to up 30+% by the end of the year.
Someone please look at MVG and tell me im not crazy. Seriously im new to this. And this is real money. And its grown since i bought into it.
Last edited by Jason Marshall; July 2 2012 at 09:01:20 AM.
Well I won't say it's a bad stock to be in, but it's a little too risky for my taste with very little reward. For example...
1) No dividend
2) 1.56 beta. If the market goes into a correction that stock will bleed money faster than market
3) While there's still some cushion between it's current price and it's 52 week high, I noted on the charts that the stock hasn't ever pushed the boundaries beyond it's 52 week high since the housing bubble burst. Since they are a company based in silver and rare metals, they will always be victim to the prices of the industrial production markets.
If they make a huge discovery and claim, yeah they could go off. But honestly I don't see enough upside to stay in the stock in the long run.
I bought in at right about the middle of the 52wk spread based on permits they applied for to start doing exploration. I try not to buy into anything over 10 dollars a share, thats the second reason. Thank you for your analysis. =)Well I won't say it's a bad stock to be in, but it's a little too risky for my taste with very little reward. For example...
1) No dividend
2) 1.56 beta. If the market goes into a correction that stock will bleed money faster than market
3) While there's still some cushion between it's current price and it's 52 week high, I noted on the charts that the stock hasn't ever pushed the boundaries beyond it's 52 week high since the housing bubble burst. Since they are a company based in silver and rare metals, they will always be victim to the prices of the industrial production markets.
If they make a huge discovery and claim, yeah they could go off. But honestly I don't see enough upside to stay in the stock in the long run.
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