"So You Just 'Raided' Your First Company" - A Letter To Non-Professional Traders
(www.zerohedge.com)
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I served a Tool and Die apprenticeship in 1975 and worked and saved my ass off so that I could retire at a fairly young age. I retired at 56 and am now 63 with nearly $2 million in Vanguard index funds. (It took a $70k hit last week) I am not a criminal or a crook. I earned every penny and was disciplined enough to save nearly %40 of what I made the whole time I worked. It required sacrifice and living modestly. I was smart enough to learn a trade, and man enough to take my own lumps and not blame "the man" for when things were hard. If you guys are going to wear it like some badge of honor to crash the market to stick it to "the man," just be aware, there are also good and honest folks out there who have invested their hard-earned life savings in the stock market, that you will be hurting too....
Yeah, I took a pretty good hit after 9/11 too.... When I retired I rolled my 401k into a Vanguard IRA, along with a Roth and a regular brokerage account.... I've been very happy with them due to their low fees and the inherent diversity of their index funds. I have US and international stock and bond index funds, and don't own any individual stocks. I have been looking at silver coins. My home is paid for and I am debt free, so that's a blessing....
You should know better, seriously, I appreciate your hard work. I'm also a hard worker but I would never put all my eggs in one basket. That's a hard and fast rule when planning retirement. I look at the stock market as gambling. You are not guaranteed a single cent. I have some small funds in my 401k, physical silver, a little bit of gold, some real estate owned free and clear and some cash on hand. I still have some time before I retire. I would never trust scum wall street with all my money. You might as well play the slots.
As I said, I'm not in individual stocks but various US and international stock and bond index funds.... It's a diversified portfolio, with super low fees, and has performed well, to the tune of nearly doubling it's value in the 7 years since I retired....
'man enough to take my own lumps and not blame "the man" for when things were hard.'
Buy physical silver...
I bought some a couple of months ago. I have been buying gold since 1982. You can buy silver right now at about $28 an ounce.
Noted, I've been looking at silver....
We pulled out EVERY LAST PENNY we had in VANGUARD, they are on the hit list.
In 2018 JPMorganhad 140 million ounces of silver sitting in its COMEX warehouse. That was 54% of the silver supply monitored by the CME Group. That’s a huge deal. But you also need to realize something. JPMorgan didn’t hold a single ounce of silver until mid-2011…That means it built this massive silver hoard in that eight year time span. Read these 2 articles below, see a pattern?
2108--https://www.caseyresearch.com/daily-dispatch/why-this-too-big-to-fail-bank-is-stockpiling-silver/
2020--https://gsiexchange.com/with-jpmorgan-back-in-the-mix-the-hammer-is-now-about-to-fall/
Here's why not to buy silver stocks: One of the silver stocks the shills are saying to buy is SLV. Guess who the 5th larger stock owner of SLV is? It's Citadel, one of the hedge funds who targeted GME stock. They are literally getting dumb people to boost the stock of silver so that they can make more money and cover their stand on GME easier.
https://www.reddit.com/r/wallstreetbets/comments/l9gv98/citadel_is_the_5th_largest_owner_of_slv_its/
Yes, SLV is trash.
Physical silver.
PSLV is a financial instrument that holds physical silver.
You should have invested in gold!
Yeah, never did, but looking at silver....