Stock Portfolios V2

[Blood Python]

Speaking of gold/silver, I just found out one of my best friends brother is the CEO of Anthem Vault. I've never invested in precious metals personally

 

[5crew]

Who else here is fucked on gold/silver?

Fuck my life.

I'm down on a Gold mining company as well. But I'm not too worried, neither should you unless you are in need of cash suddenly. Just wait for the next economy crash which is bound to come. Sooner or later, most expected 2013 to be the year, but the market surprised us. It's just a matter of time for a massive market crash/correction.

The only bad point of holding them for years, is that others that are not invested in precious metals are making money investing other companies. It's just taking us longer to cash out.

 

[ElKarlo]

Market expert.

Hahaha. But yeah gold silver had a huge run. Too many miners are hurting now. Plus people are cashing out. Just not a good time for the next 2 or so years IMHO.
I think gold silver will more or less, oddly enough track joy global

 

[ElKarlo]

I'm down on a Gold mining company as well. But I'm not too worried, neither should you unless you are in need of cash suddenly. Just wait for the next economy crash which is bound to come. Sooner or later, most expected 2013 to be the year, but the market surprised us. It's just a matter of time for a massive market crash/correction.

The only bad point of holding them for years, is that others that are not invested in precious metals are making money investing other companies. It's just taking us longer to cash out.

But gold really is just a different form of cash. You're not really investing IMHO. Really I'd take a bit of my profits each year and buy gold, rather than investing in mining. I see the market trading more or less sideways for many years. The massive correction to help gold is very far off I think. Seriously you're wasting your time and money here

 

[5crew]

But gold really is just a different form of cash. You're not really investing IMHO. Really I'd take a bit of my profits each year and buy gold, rather than investing in mining. I see the market trading more or less sideways for many years. The massive correction to help gold is very far off I think. Seriously you're wasting your time and money here

I actually agree the correction being far off considering the way 2013 went and how 2014 is going. But it's almost a guaranteed thing. Precious metals have never disappointed long term hoarders that aren't too greedy, I won't say the same for the stock market. I won't say it's better investment to get your money "stuck" in compared to stock. Like you said, it's more of a hedge against dollars. I just feel comfortable having a small position in them among my portfolio.

 

[ElKarlo]

Stocks are such a better investment.
http://www.joshuakennon.com/stocks-vs-bonds-vs-gold-returns-for-the-past-200-years/
You said "The only bad point of holding them for years, is that others that are not invested in precious metals are making money investing other companies. It's just taking us longer to cash out."
I have to 100%disagree with you here. Gold prices are still too high, as people got greedy and crazy about it since 2008. You will make roughly inflation out of Gold, that depending on when you bought in, as gold fluctuates like a drunk driver.

Personally, if I were to buy silver/gold. I would buy coins or the such in case of a natural disaster. That is the scenario that you'd use it/it has purpose. As outside of that, you are really betting on thngs going really badly. Then having it physically would make more sense.

The gold bug trend got crazy imho. They drove up prices and made it irrational. Silver too, got blown up in the 70's, and if you bought in 84, well you'd still be in the red. Not worth it imho.

 

[youandme]

I'm down on a Gold mining company as well. But I'm not too worried, neither should you unless you are in need of cash suddenly. Just wait for the next economy crash which is bound to come. Sooner or later, most expected 2013 to be the year, but the market surprised us. It's just a matter of time for a massive market crash/correction.

The only bad point of holding them for years, is that others that are not invested in precious metals are making money investing other companies. It's just taking us longer to cash out.

It's not about needing the money. I bought low, I'm only down maybe 10% after this horrid month. But my portfolio is pretty mining heavy, I'd say... over 50%. It's what's been working for me since I started.

Telus took a dump, my crude stock took a dump. Yesterday I shit you not I lost 1000$ in value in my portfolio. in one single trading day. Spread out over 4 companies.

Every day this month I've been watching silver and gold just get manipulated into near 5 year lows, so it's just frustrating to watch.

I'm going to stay on the ship, but as you and ElKarlo said, it's dead money. I have a total number in my portfolio I'd like by Dec 31, I set a goal, and it this rate it just aint happening.

 

[ElKarlo]

Youandme, why so mining heavy? It just doesn't make sense, as mining is incredibly cyclical. I own CAT, but I don't have much in it. It is a good stock, but it and it's peers are not doing well. Gotta get into other stocks man.

 

[youandme]

Youandme, why so mining heavy? It just doesn't make sense, as mining is incredibly cyclical. I own CAT, but I don't have much in it. It is a good stock, but it and it's peers are not doing well. Gotta get into other stocks man.

I like to gamble.

 

[ElKarlo]

Oh, just to show a different portfolio. My biggest holdings are MMM, JNJ, IBM, and Boeing. Even though IBM is a dog, it preforms well, and has an increasing dividend. I also have major portions in Pepsi, PG, CSX, Honeywell, Starbucks, CHD, KMB, Honeywell, and Jardine Matheson.

I am not trying to be rude, but who gave you that crazy mining industry advice?
It is OK to set aside some money for riskier stocks. But to put 50% into them is way too high.
My risky stocks are DCIX, SSLT and TTM, which even with the last two up 100% for me, are still under 3% of my portfolio. ie total investment was around $500, and now they are worth around $1000 or so.
Play it safe man. You sound like the people who are into Molycorp, on the hope of a future turnaround on account of CHina reducing rare earth exports. It is not something to bet heavily on.


edit, now that I posted this, I see your gambling reply. DOH!

 

[ElKarlo]

Warren Buffet had some great criticisms of gold as an investment.

http://www.fool.sg/2014/09/19/why-warren-buffett-hates-gold/?source=facebook

 

[5crew]

I agree that 50% portfolio on mining stocks is kind of extreme and like the user said himself, it's gambling. I do have some "gamble" type stocks I'm holding, but not as much, and will definitely hold one or two of them within my portfolio no matter what.

Below are part of my portfolio:
LVS - my biggest holding and winner
IP
HMY - Africa gold mining coy that I was saying
ZNGA
MSFT
C

To be honest, I haven't done great for 2014 despite the market being green. But I'm still okay with how it's been going. I don't really care what majority says about precious metals, I will definitely have them as part of my portfolio. Another mining coy I follow closely since last year is EXK, a Silver mining coy. After I exit HMY, I will use the same amount to purchase EXK.

I have been considering E-Cig companies since 2 years ago but still haven't really put effort into researching the largest company available.

 

[ElKarlo]

LVS looks like it will do well, esp with Asian gambling growing.
Citi is good. Still recovering, but the banks always win in the end.
IP is good too
MSFT is a good buy as well
ZNGA is incredibly risky. They ever make a strategy since their break up FB? I'd walk away from it. It may come back, but it won't even be big, it will be ok at best imho

Buy SSLT. They do all types of mining ans smelting from steel, to zinc to gold. Plus you get some exposure to India, electricity, and oil all at once. Your mining obsession, while fun, just isn't good for being a stock holder imho.

My port is only up a bit this year as well. Some of my holdings are up, but a lot are just going sideways. The dividends make up for that. Not sure what your mining stocks pay you. But if they are like SCCO, they have wild dividend swings. Which makes waiting in a sideways market, not worth it

 

[ElKarlo]

Mass, you seem to be in the know. Any major companies having a split coming up any time soon? MMM is getting expensive, and JNJ, BA, UNP, Pep and many other good stocks of mine are either north of 100, or getting close to the 100 mark. I wanna see some splits?

Oh and how was Japan?

 

[5crew]

I agree ZNGA is extremely risky, just like any internet companies that doesn't have actual products. FB, YHOO are some I won't touch but most will say those are better than Zynga.

I got ZNGA because they WERE planning to get the license for online gambling. It didn't materialise but I decided to hold on because of the CEO change months ago, the hype being him as Ex-Microsoft executive and all. But he totally sway the company direction after he took over, I'm not sure if it's for the good as of now. I'm will still be holding it, because ZNGA have shitload of cash for a small company.

A minority of the stocks in my portfolio are risk play with huge upside or downside. I'm willing to entertain their side-way movements for a few years.

One of high risk company that I speculated 2 years back just Bankrupted few months ago. JRCC, a Coal mining company. I jump on the hype during the last Election rooting for Romney. LOL, but I only lost 4k+ USD so it's not "too bad".

I'm in no way a excellent/experienced investor, I only started investing 6 years ago and still have tons to learn. But one thing I told myself after these years, never invest because someone on the net "convince" me so. I might cut down on my "Gamble" stocks when I get older, but for now, they are here to stay.

 

[MASShole]

Mass, you seem to be in the know. Any major companies having a split coming up any time soon? MMM is getting expensive, and JNJ, BA, UNP, Pep and many other good stocks of mine are either north of 100, or getting close to the 100 mark. I wanna see some splits?

Oh and how was Japan?

Top 2 that come to mind are JNJ and MCD. Usually once those are at $100 or so they split, as has been the case their last few times. I think MCD should split just to shake up some positive news after this dismal year.

Japan was great! Sushi galore.



Also: http://www.nasdaq.com/markets/upcoming-splits.aspx

 

[kuromusha]

Do you guys frequent any sites/forums besides this thread?

 

[MASShole]

Do you guys frequent any sites/forums besides this thread?

SeekingAlpha.com

Sometimes Fool.com but they like to throw in pitches for their products into their articles a lot, which is irritating.

I also use my TD Ameritrade account and read analyst research on companies I am interested in.

 

[kuromusha]

SeekingAlpha.com

Sometimes Fool.com but they like to throw in pitches for their products into their articles a lot, which is irritating.

I also use my TD Ameritrade account and read analyst research on companies I am interested in.

Thanks once again. I actually came back to this thread to search for the book recommendation you gave me a while back. Just placed the order.

 

[MASShole]

Thanks once again. I actually came back to this thread to search for the book recommendation you gave me a while back. Just placed the order.

Glad to hear it!