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Yeah. Nobody is infallible.Originally Posted by MrPrena
I accidentally bought high and sold low twice last year.
BUT, it sure helps to use your brain when making investment decisions (especially in real estate!)
My Feedback
"When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat
"I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
― Russell Kirk, Author of The Conservative Mind
Sooooo looks like Brexit had a very short term impact (2 days), we'll see what happens over the long run though. EU/US/Japan are all deeply in debt with no plan for getting out of debt. DOW might set a record today, we'll see if it can hold 18K for more than a week or two.
WTI and Brent can't hold the $50 handle although they are both up today. Silver is over $20, Gold is over $1300.
XIV is a great buy now, especially if it gets under $20 Monday. Could go as low as $15 next week but will probably recover to $30+ by mid-July.
Pro tip: Don't ever take investing advice from friends.
If anyone was taking investing advice from me RE: XIV, you may want to consider selling part or all of your positions today or tomorrow. Not sure the current level is sustainable (or warranted). If the market doesn't do anything exciting, XIV will probably be $32+ by Aug. Or it could take a crap and drop back to $20 or less.
As always, side effects caused by unwarranted financial advice may include itching, sneezing, running nose, thinner wallet, loss of retirement accounts, angry spouses, and painful urination. Use your discretion.
My Feedback
"When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat
"I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
― Russell Kirk, Author of The Conservative Mind
I agree with you, HB.
Please leave any relevant feedback here:
Sawin - Feedback thread.
FAZ and UVXY are in play now... This market top is almost over. And I'm still looking for a drop in silver soon before it rockets up.
http://disciplejourney.com
“Make men large and strong and tyranny will bankrupt itself in making shackles for them.” – Rev. Henry Ward Beecher (1813-1887) US Abolitionist Preacher
CIPCIP
TRUE, and/or be more liquid.
After hanging around $20 for a while silver has fallen to the $18 handle at $18.71 as I type, gold is at $1329, WTI $47, and Brent $49 so oil had a push towards $50 and is hovering around the upper $40s.
My gold stock is tanking today
You sir, are a specialist in the art of discovering a welcoming outcome of a particular situation....not a mechanic.
My feedback add 11-12 ish before the great servpocaylpse of 2012
It's on sale, time to buy!
"There are no finger prints under water."
patience my good man
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