My gold stocks have doubled since December, so I’m happy with it. Strange that whenever there’s bad news, markets go higher again. the stock market is literally trading in opposition to the economy.
Yea…if Brexit happens, market is definitely going to react even more so now.
Dayum! That’s some hot stuff @twigster .
Decided to shutdown the auto-reinvest tool and put in $1k more. Going to place it in the most aggressive option and will check back in 6 months. To be continue :looney:
The struggle is real man. I was starting to make progress with saving, and just being financially savvy. But I along with a lot of others got laid off without any warning, and kind of fucked everything up. Been trying to get a Job ever since (this was last August btw). I’ve gotten to a point where I’m not even getting considered for shitty jobs. Literally been told that I’m too qualified for the job I applied for, but not qualified enough for others. I don’t know man, all I do know is that once I get a good job, all the things I have learned about proper finance management will really go further with more income.
Just staying hopeful and connecting where I can. Things will get better though.
Sooo…how about dem Brexits? I just realized I invested about 30% in global ETFs on the experimental roth IRA I opened 2 years ago. It was already 2% down this year but with this official news…
I’m up 5.8% today ($270). yoooooooooooooooooooooo
edit: I was going to say -excluding- my 401k, which I assumed would be down but is actually up a few dollars. Have no idea how, since 80% is in foreign stocks. I never check my 401k since I stopped contributing a while ago.
So what is ACTUALLY going up because of Brexit???
Don’t catch a falling knife.
People are still waiting for the ruble to recover, I’d be really careful right now.
Personally, I’ll just wait and keep the stuff I have. No changes.
Turned shit for me right now, a EU fella, but well. Waiting and hoping, still have faith.
There’s way too much uncertainity for the next months and years to me.
Gold but you missed the wave and it’s too late to catch it.
Volatility index jumped 42% on Friday. Damn, shoulda put a bunch of money in that on Wednesday/Thursday
VIX (dollars) also went up.
He hasn’t missed anything, this next week could be even worse. The chaos last week happened when China wasn’t even open. Imagine what will happen once they open on Monday.
Sitting here enjoying my gold right now.
I bought some gold back in 2001 and 2003…
Jesus Christ that takes some serious bravery. Could’ve lost or gained twice the money in a mere day. I’m not that risky feeling.
I heard Japan’s Currency went up because of it. Is that true?
Yen is the most volatile currency out there. If you like hemorrhaging money then that’s the stuff you buy into. Currency trading is risky and ill advised but that Yen is on a whole new level of crazy.
Ey fuck you @twigster …lucky mofo :lol:
Depending on how much my setup bleeds due to this Brexit shit, might sell some losses for that $2500 tax credit at end of year.
Thanks Mang. :tup: Kinda puts a dent in my plans, but I don’t have tons of cash invested yet anyways. I’ll just adjust my plans to add this into them.
EDIT @twigster Heh. Nice going getting in there with the gold. :tup:
-Starhammer-
@twigster If you still have gold you have a big risk to take. If the UK continues to be uncertain about what it will do post-Brexit then gold will continue to rise. If the central banks step in which most people are praying to god that they do, then your gold could possibly drop to pre-Brexit levels. Idk I would start selling.
EDIT: More reading, the UK still seems in disarray and this special day in the market is just speculation.
Most of my stocks back to where they were before the brexit vote. If that is the worst of it the case for fearmongering gets the advantage. However I expect this is not the end at all and there will be many more twists and turns coming soon (opportunity). I am still super new to this ish, but not too sure about gold right now. The bulk of my earning recently has come from leveraged oil ETFs. Just been picking my points, going in hard and pulling out. I feel the benefits outweigh the risks in this market right now (though shorting oil is another story, only if I am feeling myself). If I mistime (once so far), I just leave it in, save to refund the account and wait for the mistimed chunk to rebound longer term (I expect it to eventually).
hahaa
Sound strat or crapstrat?
What’s good
From everything I can find, the EU is trying to fearmonger and it’s not working. They’re scared that if the UK doesn’t fold, Others might leave too. Right now I’m not messing with anything because I really don’t have anything to mess with. For the time being, I’m just gathering info and watching like everyone else. Good luck to us all. :tup:
-Starhammer-
imo, gold is less risky than equities right now, for the simple fact the reasons gold has been such a good play this year, none of those reasons have changed, still have low to negative interest rates globally, the dollar is weaker than it was last year, and there is fear in the markets. with the pound getting destroyed because of brexit and the yen being the safe haven currency, so it keeps getting bid up, japan will have to act to crush the yen, well try anyways as they keep failing.
now with all of this do you really think china is going to sit by quietly and let it happen? oh no, best beleive china will pull some currency bullshit this year and the markets will sell off hard as fuck like it did august of last year.