50k Investment
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You're getting what is typical for a diversified portfolio. Over the past 20 years, you will find out of 10: 3 stinkers, 3 (multi)baggers, and 4 mehs. The real trick is to get out of the stinkers before it's too late.
What do mean not at all?
Your advise for the OP was inappropriate. Period
As you say "you are a young guy" and "I see firesale prices right now in the market and I want everyone to take advantage of it"
That tells me that you have not yet gained the maturity or wisdom to understand that there is no one single best investment strategy, which is suitable for all.
The OP may view his timeline, his expectations for reward and his tolerance to lose 25-75% of his capital in a completely different way than you do
You may be right and commodities may have the potential for superior gains, however your rational appears to based upon market timing rather than expected supply and demand forces which are the true drivers of commodity price movements.
This puts your advice in the "dime a dozen" category
If you are wrong this guy could get wiped out.
An expensive price for feeding your ego
He sure lost me when he said:
Of course the absolute, single, best investment you can make is paying down debt. A guaranteed return there. If there is no debt then low risk, fixed income with as high a yield as possible and continue to ADD TO IT and he is off to a great start. But no one will be turning it into millions any time soon except at the Casino
How the fuck do you know what is good for him? im recommending good quality companies that have declined up to 70% for no reason at all other than they are in the commodity sector and all have been hammered since the last peak in 2011. large caps and small caps the baby has been thrown out with the bathwater. commodity prices themselves are strong its just the stocks that have sold off bc fund managers were expecting tighter monetary policy form the fed which aint gonna happen
To the OP, unless you're a gambler and don't care about risking significant losses to this money on various stocks and sectors, I would consult a certified Financial Planner to map out your future goals and set a real plan. You can listen to all of these people in this thread, but at the end of the day, they have no idea about your financial profile and what you would like to achieve. That is honestly the best advice I can give you. If this money is pure play money and you just want to have fun and don't mind potentially losing it all, then sure, go ahead and listen to some of the people in this thread. Just remember that with anything in life, high reward usually comes with high risk...nothing ever comes easy.
Easy with the language unless you want this to get nasty
I certainly can recognise what is not good for him
And that includes a specific recommendation without determining more about his perception of risk vs. reward
You talk a good game
However your arrogance prevents you from recognizing that
A) you could be wrong in your prediction
B) there is significant risk in what you are recommending
C) Not all people are willing to take on the same level of risk that you are. Some people get an ulcer if they see a 10-20% decline in their investment
The world economy is certainly not firing on all cylinders and here are a number of negative factors (debt levels) which need to be resolved and could lead to an economic slowdown
In that case commodity prices will go down and the small cap resource companies you say are a "no brainer" could get slaughtered.
Your explanation of why these stocks have sold off is probably the best example of your arrogance and why the OP should seek advice elsewhere
1. How in the world can you know what fund managers as a group are thinking ?
2. How is it possible that they as a group have it all wrong, yet you are the one in the know?
An old bull and a young bull are sitting on top of a hill, looking down on a herd of cows
The young bull says "Lets run down there and fuck us a couple of them cows......"
The old bull says " No...... lets walk down there and fuck all of them"
Understand ?
Hi there,
Thought i'd contribute to the whole MSOG debate.
Here's the thing my friend, I think you are just saying things to stir things up.
Let's not let the thread get out of control...............
Have a great weekend
Goodguy
Thought i'd contribute to the whole MSOG debate.
Here's the thing my friend, I think you are just saying things to stir things up.
Let's not let the thread get out of control...............
Have a great weekend
Goodguy
MSOG is basically a troll and a poser too. Anyone that seriously believes they can "easily" turn a 50k investment into millions within a few years has gotta be crazy.
His investment recommendations are more over-enthusiastic than crazy.
I too believe big money is to be made in energy, precious metals and commodities in
general in the coming years. His recommendation of the stock of Wildcat Silver is
by no means frivolous and may take some of you by surprise. I differ from him in
that I tend to proceed with more caution when dealing with the kind of volatile stocks
he is fond of. I also believe the saying that 'there is a place and time for everything'
applies. In a thread like this his stock tips might not be too appropriate for a newbie
investor obviously.
Well as an aside as everyone does have a right to their opinion, why not give us your top picks and I will put $50k on (paper trade) and eat humble pie in a couple of years when it has mushroomed into a couple of million
I am not sure if your post is directed at me
If it was, fair enough,
It is not my intention to highjack the thread, however
It drives me nuts when someone recommends taking on a high level of risk to a novice investor
What is even more annoying is the inability to recognize an error in judgement was made
Question for you?
Do you know what proportion of total return for the stock market is due to dividends over the long run ?
Hi there,
It wasn't made specifically at any one person, I'm sorry if it came off that way. I think MSOG is just going to make statements to get other posters going (IE PE ratio comment)He's just trying to irratate other members.
Thus for the OP, this is why you should get an investment professional with the proper credentials (CFA, CA or CFP or combo) and a process you are comfortable with.
Goodguy
And just to comment on a couple of posts about commodities such as oil and gold. At this point of the cycle, with the money printing going on now (Which is peaking in my opinion), oil and gold have not moved much.... so let's assume that the next rate cycle is up, what does that do for the prices of gold and oil? I definately think that part of the cycle is over. And when the US fed starts raising or expectations are built in of raising rates? Gold will take a HUGE dive.
Just something to think about....
Happy investing
Goodguy
Just something to think about....
Happy investing
Goodguy
I have another question for you
Do you know what proportion of variation of returns are due to asset allocation selection ?
A HUGE dive in the price of gold is indeed what the US fed will desperately
try to engineer. Or how else it is going to buy back the gold that Germany plans to
repatriate without seeing the price of gold explode?
Raising rates is a possibility. But I think the fed has more to worry about its
impact than gold bugs.
Hi there,
I don't think the fed would target commodities specifically (gold), from a theoretical economic perspective they need to raise rates otherwise they become irrelevant.
Goodguy
You are the one that claims to be the investment professional! Show me the stock charts and the math to prove that that you can generate millions from a $50k investment in a few years. If you can't do that then you are just a poser, you should learn when to STFU!
That's no different than saying "I personally believe if I buy a Lottomax ticket every week, my numbers might be drawn. If that happens I will win millions".
Here is what Rick Rule says:
http://www.dailywealth.com/327/The-Most-Beneficial-Lesson-of-My-Life
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Most of these threads with arguments with msog are not resolvable unless we could see each others net worth statements and annualized returns.
Otherwise it should be assumed at very least we are all braggarts.
Msog certainly doesn't care to reveal how his losers and his constant churning and his attempts to time the market are losing him money.
Otherwise it should be assumed at very least we are all braggarts.
Msog certainly doesn't care to reveal how his losers and his constant churning and his attempts to time the market are losing him money.
