Are your riches returning?

[Founder]

Well, the market is moving up so those who play there are pleased. I think it's running too fast up, but where else do you park your money? You loose money sitting on cash and bonds aren't that great and many have been getting downgraded.
I think everyone knows that this virus is going to hit the economy hard, but I'm thinking most are like me and think it'll only last a couple of quarters before revenues and profits beginning to climb. I'm just not thinking this will turn into a depression, just a multi quarter slow down.

 

[eelgrass]

It's the only game in town. I realigned when it started to plummet and am currently only 9% in stocks. I upped my gold. At my age(72) I think I'll be content until after the election at least. I just can't afford to lose my shorts at this stage. I gave up on becoming rich but need to keep up with inflation if I can.

 

[Bluehair]

Gunna be a couple more months before I open a statement.

I'm diversifying, and I don't mean with a different kind of stock. But where, real estate that people no longer have to make rent payments for?

 

[feddoc]

My investments are tied up in real estate as God ain't making any more dirt.

I'm pretty comfortable right now with respect to deeded land owned and what the bank and I own.

I also started investing a lot in NFA weapons 30 some odd years ago, not much at all lately. I'll leave a handful of stuff for my wife and sell the rest.

 

[Homer]

I have an account with Pershing Square Capital Management.

So far....real good

 

[Wiszard]

I invested in pyrite a few years ago.

I am in AUPH at an average of $6.08 per share. I wish I would've bought a lot more.
Recently bought some Carnival and American Airline stock and hope I only have to hold onto it for 9 months before it doubles.

 

[Homer]

pyrite....lol

 

[DeerMadness]

I sold all my toilet paper 2 weeks ago so I'm set.

 

[Stonefly]

Wish i had bought stock in clorox wipes last fall

 

[hossblur]

Im 46.

Just 26 more years until I can draw SS????.

I honestly shredded the letters from NY life and Morgan Stanley.


Out of sight out of mind

 

[DeerMadness]

Im 46.

Just 26 more years until I can draw SS????.

I honestly shredded the letters from NY life and Morgan Stanley.


Out of sight out of mind

You have to be 72 to draw SS ? You will be losing unless you live to be a real old fart.

 

[Longun]

Haven't lost any riches...moved to Wyoming over twenty years ago...

 

[sticksender]

Equities market still seems the best choice, at least for those with plenty of time. Average annual yield on the DJIA for the last 100 years is 7.75%. That means each 1 mil invested today becomes 20 mil in 40 years. You just need the nerves of steel to stay in the market through all the ups and downs. Later in life, say at the age of 65-70, I might start watching for a good time to jump off. No hurry for now.

 

[bugleb]

My IRA dropped by $92,000, but right now it is "only" down by $43,000.

 

[hossblur]

I we have a shred pile.

I litterally took unopened envelopes from invest accounts and threw them in.

Good management? NO

But my dog is tired of being kicked?

 

[elkassassin]

From what I Hear?

They (Your Riches!) Should be showing up in the Mail Shortly!

I'd Almost Bet Most are gonna Blow them Checks on Small Luxuries & a Bunch of Sshhhiiiiitt That they don't need!

 

[Founder]

From what I Hear?

They (Your Riches!) Should be showing up in the Mail Shortly!

I'd Almost Bet Most are gonna Blow them Checks on Small Luxuries & of Bunch of Sshhhiiiiitt That they don't need!

I'm saving mine, cause I'll be paying it back eventually.

 

[elkassassin]

I Hear the 2nd Round of Checks will be showing up in Mid-October!

 

[rutnbuck]

Gold is doing good. Up 500% over 20 years. Up two hundred bucks per ounce last 30 days. $1700 per ounce. Little better than pyrite . Lol.

 

[elkassassin]

Hey Rut!

You shoulda Kept that Big Nugget!

Gold is doing good. Up 500% over 20 years. Up two hundred bucks per ounce last 30 days. $1700 per ounce. Little better than pyrite . Lol.

 

[Muleman]

If we stay on socialist lock down from May to June I think you will see the market fall again and the country will go into recession and it will take 7 months to A year to come out. If this thing spikes again next winter and we hit another socialist lock down we will fall into depression.

I left my investments and just going to ride the waves for now.

Hopefully in the future we learned as a country and can use education and reasonableness and achieve the same results of slowing the spread without the government telling us they know what’s best for everyone.

 

[Homer]

Gold is doing good. Up 500% over 20 years. Up two hundred bucks per ounce last 30 days. $1700 per ounce. Little better than pyrite . Lol.

Well...that makes my $1600 gold from ten years ago up....I wish I hadn't buried it drunk...

 

[Longun]

Homer...I got a damn good metal detector...you can borrow it..