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OutsideOfMyMind
LSD Self Administrative Director



Registered: 10/05/20
Posts: 5,380
Last seen: 8 hours, 25 minutes
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Loaded Shaman] 1
#27471077 - 09/16/21 08:50 PM (2 years, 4 months ago) |
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Ok so I ended up getting rid of my ugly [older] car, moved, and then bought myself a bomb ass car with $7,750. Now I have $6k in the banki.
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maui
Registered: 11/20/14
Posts: 505
Last seen: 4 days, 12 hours
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Loaded Shaman]
#27638541 - 01/30/22 11:30 AM (1 year, 11 months ago) |
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BTFD
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: OutsideOfMyMind]
#27638709 - 01/30/22 02:58 PM (1 year, 11 months ago) |
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Quote:
OutsideOfMyMind said: Ok so I ended up getting rid of my ugly [older] car, moved, and then bought myself a bomb ass car with $7,750. Now I have $6k in the banki.
Might I interest you in purchasing an ounce of as close to spot as you can get it, and just sitting on it and forgetting all about it?
In the past 50 years, gold went up 8% annually on average. Gold especially goes up in hard economic times.
8% is a better inflation correction than most things.
Also, get your months supplies.
-------------------- Omnicyclion.org higher knowledge starts here
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NothingsChanged
Striving for Excellence


Registered: 05/28/11
Posts: 10,144
Loc: North/Western WA
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Asante]
#27639847 - 01/31/22 04:05 PM (1 year, 11 months ago) |
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Your selling the gold?
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: NothingsChanged] 1
#27639960 - 01/31/22 05:33 PM (1 year, 11 months ago) |
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No way! I'm advising to buy, I'm not offering.
-------------------- Omnicyclion.org higher knowledge starts here
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Hikeadellic
Fungi Fan



Registered: 08/31/20
Posts: 1,227
Loc: Appalachian Trail
Last seen: 18 minutes, 35 seconds
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Asante]
#27640246 - 01/31/22 10:20 PM (1 year, 11 months ago) |
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If you think about it, gold has been the standard for kings since the beginning of time
Wonder what the reasons for
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OutsideOfMyMind
LSD Self Administrative Director



Registered: 10/05/20
Posts: 5,380
Last seen: 8 hours, 25 minutes
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Hikeadellic]
#27644689 - 02/03/22 11:10 PM (1 year, 11 months ago) |
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I prefer sapphires and rubies (which are the same thing, just different colors, black diamond is actually black sapphire.) Gold is ok,
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maui
Registered: 11/20/14
Posts: 505
Last seen: 4 days, 12 hours
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Hikeadellic]
#27658237 - 02/14/22 03:52 AM (1 year, 11 months ago) |
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Quote:
Hikeadellic said: If you think about it, gold has been the standard for kings since the beginning of time
Wonder what the reasons for 
^
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: maui]
#27658258 - 02/14/22 05:30 AM (1 year, 11 months ago) |
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Quote:
maui said:
Quote:
Hikeadellic said: If you think about it, gold has been the standard for kings since the beginning of time
Wonder what the reasons for 
^
-------------------- Omnicyclion.org higher knowledge starts here
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BSUUF2
derails threads



Registered: 10/15/20
Posts: 666
Loc: not that important
Last seen: 1 year, 10 months
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Asante]
#27663944 - 02/18/22 12:53 PM (1 year, 11 months ago) |
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Quote:
Asante said:
Quote:
OutsideOfMyMind said: Ok so I ended up getting rid of my ugly [older] car, moved, and then bought myself a bomb ass car with $7,750. Now I have $6k in the banki.
Might I interest you in purchasing an ounce of as close to spot as you can get it, and just sitting on it and forgetting all about it?
In the past 50 years, gold went up 8% annually on average. Gold especially goes up in hard economic times.
8% is a better inflation correction than most things.
Also, get your months supplies.
I consider gold undervalued now, should get rid of some silver to take gains and re balance a bit, but I hate ebaying things with a passion and no one in my circle is interested in PMs...
-------------------- LAGM2022
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: BSUUF2]
#27664145 - 02/18/22 03:44 PM (1 year, 11 months ago) |
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Gold's gone up like 4-5% in the past days
-------------------- Omnicyclion.org higher knowledge starts here
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Asante]
#27664150 - 02/18/22 03:48 PM (1 year, 11 months ago) |
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Quote:
Asante said:
Quote:
OutsideOfMyMind said: Ok so I ended up getting rid of my ugly [older] car, moved, and then bought myself a bomb ass car with $7,750. Now I have $6k in the banki.
Might I interest you in purchasing an ounce of as close to spot as you can get it, and just sitting on it and forgetting all about it?
In the past 50 years, gold went up 8% annually on average. Gold especially goes up in hard economic times.
8% is a better inflation correction than most things.
Also, get your months supplies.
Your $1800 ounce of gold now is worth $1900.
Quote:
I consider gold undervalued now
Gold is highly undervalued. So is silver of course.
-------------------- Omnicyclion.org higher knowledge starts here
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PrimeMulch
Extreme Sheep Herder



Registered: 03/21/19
Posts: 52
Loc: Lithuania
Last seen: 1 year, 25 days
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Asante] 2
#27683513 - 03/05/22 07:26 AM (1 year, 10 months ago) |
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Do not: Take out 20k of credit card debt. Open a margin account with a reputable broker. Over report your income to at least 120k/yr. List net assets 80K
Margin let's you trade up to 5x money you don't have. Trade 80k on a swinging stock (or leveraged ETF for max gambling gains) that is preferably going up over time. Zoom out. Zoom in. On the charts. Buy the dip. Sell the rip!
Now, if you bought the dip. But it wasn't the real dip. (it keeps sinking) You're in shit. The broker will do something called a margin call. Basically they think you are too high of a risk and will force sell some or all of your stock. That's game over to that little fraud and your credit score will be 0.
Better: Get at least 80k. Don't day or swing trade more than 1% of your portfolio. Invest in seperate sectors. Hold cash. Yes you are loosing due to inflation right now at a rate of 9% /yr. But with how crazy this market is... It's what I should do.
Edited by PrimeMulch (03/05/22 07:28 AM)
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: What would YOU do in my situation? ($2k-$3k to invest) [Re: Asante]
#27684150 - 03/05/22 05:23 PM (1 year, 10 months ago) |
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Quote:
Asante said:
Quote:
Asante said:
Quote:
OutsideOfMyMind said: Ok so I ended up getting rid of my ugly [older] car, moved, and then bought myself a bomb ass car with $7,750. Now I have $6k in the banki.
Might I interest you in purchasing an ounce of as close to spot as you can get it, and just sitting on it and forgetting all about it?
In the past 50 years, gold went up 8% annually on average. Gold especially goes up in hard economic times.
8% is a better inflation correction than most things.
Also, get your months supplies.
Your $1800 ounce of gold now is worth $1900.
Your $1800 ounce of gold is now worth $2000 
This sounds fantastic until you realize that what that really means your 6K in the banki is now worth $5,400.
-------------------- Omnicyclion.org higher knowledge starts here
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