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When five consecutive Thursday job reports tell us that the US economy added several ten thousand jobs and cut into the UE%, that would be when I would prefer to sell gold. Until then, I don't mind riding the tiger
Sure, just know what you're doing. I wouldn't buy now and expect to have a profit cushion to fall back on. Say you bought at $800/oz and the peak is $2000, you could make a decision to get out when there is a 25% correction. That would be $1500. You'd still have a great return. Close to 100%. But the question is, should you buy now? If you buy at $1800, the same scenerio would put you at a loss. That's why some are saying the risk isn't worth the reward at this point.
Sure, just know what you're doing. I wouldn't buy now and expect to have a profit cushion to fall back on. Say you bought at $800/oz and the peak is $2000, you could make a decision to get out when there is a 25% correction. That would be $1500. You'd still have a great return. Close to 100%. But the question is, should you buy now? If you buy at $1800, the same scenerio would put you at a loss. That's why some are saying the risk isn't worth the reward at this point.
It touched 1900 briefly today. Besides, I need to carefully get out as I'm playing with my father's wealth. The gold was bought via mom's account. But effectively, I trade with mom's account, as she is not much of a stock buff.
Sure, just know what you're doing. I wouldn't buy now and expect to have a profit cushion to fall back on. Say you bought at $800/oz and the peak is $2000, you could make a decision to get out when there is a 25% correction. That would be $1500. You'd still have a great return. Close to 100%. But the question is, should you buy now? If you buy at $1800, the same scenerio would put you at a loss. That's why some are saying the risk isn't worth the reward at this point.
And no, with it touching 1900, it's not a great buy at the moment. I recommended Nancy to look at silver or some sound blue chip stock like Alcoa. AA has been upgraded to buy. It will definitely ride back to 15.
I have 200 BOA shares. I bought about 15.00. It went up 18.+, My network was down that day, I called my husband to sell them for me, unfortunately he forgot to do after he got out of the big meeting. What should I do? hold and cry to wait for it goes up or sell to take the loss
I have 200 BOA shares. I bought about 15.00. It went up 18.+, My network was down that day, I called my husband to sell them for me, unfortunately he forgot to do after he got out of the big meeting. What should I do? hold and cry to wait for it goes up or sell to take the loss
Ouch. I hope you kicked his rear for that
But take heart it's only 200. Some investors I know from the fool.com boards are stuck in it with 5K-10K shares. That will be real pain, milady.
I have 200 BOA shares. I bought about 15.00. It went up 18.+, My network was down that day, I called my husband to sell them for me, unfortunately he forgot to do after he got out of the big meeting. What should I do? hold and cry to wait for it goes up or sell to take the loss
Here's one for you, Nancy. Good article with some buy ideas. Instead of gold, you can pick one of these at bargain prices and ride it higher. I like WLT. It's also a take-over target. It's got Potash written all over it.
Here's one for you, Nancy. Good article with some buy ideas. Instead of gold, you can pick one of these at bargain prices and ride it higher. I like WLT. It's also a take-over target. It's got Potash written all over it.
I will look at it, but I do not why whenever I buy some stocks, always lose money . I think I'm very bad luck with trading stock. However, the market has been terrible many days, I hope we can buy some of good ones and sell in near term.
It touched 1900 briefly today. Besides, I need to carefully get out as I'm playing with my father's wealth. The gold was bought via mom's account. But effectively, I trade with mom's account, as she is not much of a stock buff.
Oh boy, this is gonna be good! I'll be looking for you on the Relationships Forum.
Oh boy, this is gonna be good! I'll be looking for you on the Relationships Forum.
I know what you mean but I don't see it heading that way. Well, we're just two brothers with the best of understanding. Mom is close to both of us. So this is not going to head into any trouble, not that I know of.
My father has left a will, so technically, my brother and I will inherit this money after mom. So if these solid investments multiply, we are sure to inherit more. That's why I recommended her to put this on gold.
I'm not gonna daytrade it like I am doing with my US stock accounts. I lost like 20K in Japan and it's still red (haven't sold any so it's still not a physical loss yet, but I have been trying to offset this loss with some short term bets, slow and painful process but worth it in the long run I hope, coz God only knows when Uranium will rally).
I can't imagine taking such risky bets with my father's hard earned money.... money he personally accumulated for the family. The investments are spread across gold, silver and sturdy Indian tickers like Reliance, Infosys and ONGC, and mutual funds.
And relationship between me and my brother is like Ram and Lakshman in the Hindu epic Ramayana. So I think we'll do good.
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