Investing for a child.
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Seeing as I started the thread on the subject of long-term investments I see how you would think I was talking about the TEMIT as a long-term investment. When I say "worth a punt" I mean "worth a punt" -- bet, gamble, game of chance, flutter, fling, plunge, speculation, wager. Not "worth endangering my future over". I can see how we got our wires crossed.
At a glance his returns are up and down. 40% odd a year in the last couple of years. Will it leap the same this year after dropping an overall 2% so far? A nearly 8% increase in the last 6 months seems to say it's on a good run. Did you see those figures on the site before deciding it would be a bad investment? Is an average of 11% a definite indicator of return for the next couple of years? Am I reading the figures wrong, in which case would you be best explaining how I've misunderstood rather than gettin' all upset that I don't kiss the hem of your robe for generously offering your divine, sarcastic wisdom?
As an aside:
Some people are so touchy about money and financial advice, thinking you have to listen to what they say or you're going to bankrupt yourself. If you have a different opinion you're an idiot and aren't worth wasting time on apart from a patronising
and a stifled s******.
At a glance his returns are up and down. 40% odd a year in the last couple of years. Will it leap the same this year after dropping an overall 2% so far? A nearly 8% increase in the last 6 months seems to say it's on a good run. Did you see those figures on the site before deciding it would be a bad investment? Is an average of 11% a definite indicator of return for the next couple of years? Am I reading the figures wrong, in which case would you be best explaining how I've misunderstood rather than gettin' all upset that I don't kiss the hem of your robe for generously offering your divine, sarcastic wisdom?
As an aside:
Some people are so touchy about money and financial advice, thinking you have to listen to what they say or you're going to bankrupt yourself. If you have a different opinion you're an idiot and aren't worth wasting time on apart from a patronising
and a stifled s******.- Thread starter
- #29
I have no return yet - I haven't got money in it. Who knows what the return will be in the next few years? A bit of a dark horse here and there (like dipping into the TEMIT for a couple of years) in beside the bog standard index fund might be a good way to go.
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How can you predict which blue chips will be blue chips at all in 30 years? With the acceleration of the pace of change, is it just plain crazy to assume that a big profitable company will carry on being a big profitable company in perpetuity?
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Just for anyone's information I am not touchy at all.
I don't need anyone's acknowledgement to justify why I do anything or say anything. It is after all neither here nor there what anyone does or means in any case.
But I ddi confirm some answers to a few questions anyhow. Thanks y'all.
I don't need anyone's acknowledgement to justify why I do anything or say anything. It is after all neither here nor there what anyone does or means in any case.
But I ddi confirm some answers to a few questions anyhow. Thanks y'all.
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By the way they are not the answers you think I am thinking of. It would be a whole raft of questions and answers that would fill an episode of "Who wants to be a Millionaire"
Just felt like letting you know.
Just felt like letting you know.
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Strangely enough it's a gambling term. The blue chip is the highest value chip in a poker game. It then came to mean also the highest valued companies on the stock exchange.
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it can be if you go for high risk stocks.
PS I haven't worn a white collar for years. But then again, I'm not a priest.
lenny&carl
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Your $5 grand of silver would be worth $6 grand now. It's been a very good fortnight. You don't need financial armageddon here for the precious metals to star... silver is going up like the other commodities because of growth in China & india, but it is also a way to capitalise on/ insure against the impending bankruptcy of the USA. According to the full accounting of future Social Security, medicare and welfare spending commitments, (as performed by Treasury Secretary O'neill before he was given the arse,) the USA is currently trading while insolvent. They're something like 40 trillion dollars short of where they need to be - 40 million million dollars. They will cut spending here and there, but mostly they'll try & inflate their way out of it, and their dollar will become confetti. Numerous other countries with dodgy demographics are in a similarly hopeless position, but USA is the biggest debtor all round. - They're going completely bankrupt about 8 different ways at once, including a few new ways they had to invent. Their historically huge military deployments in over 100 countries will surely have to be curtailed if they can't be payed for... might be better to use it before you lose it, eh?
There's infinite trillions of iou's floating around in banking cyberspace, yet there's only $500 million tops of silver in existence above ground. It's way more rare than gold (in bullion form, not in the ground,) but it costs 1/50th as much. Yet it does the same thing - just sits there and be's expensive. It'll still be worth something in 20 years time, unlike an awful lot of the iou's and promises that make up the dollars, debts, bonds, stocks and derivitives that compose the financial system.
It's a very defensive asset to buy, but if you buy it just before everyone else decides they'd love to go defensive, then your defence becomes an amazing offence, as the price goes sky-high. Now is a good time.
There's infinite trillions of iou's floating around in banking cyberspace, yet there's only $500 million tops of silver in existence above ground. It's way more rare than gold (in bullion form, not in the ground,) but it costs 1/50th as much. Yet it does the same thing - just sits there and be's expensive. It'll still be worth something in 20 years time, unlike an awful lot of the iou's and promises that make up the dollars, debts, bonds, stocks and derivitives that compose the financial system.
It's a very defensive asset to buy, but if you buy it just before everyone else decides they'd love to go defensive, then your defence becomes an amazing offence, as the price goes sky-high. Now is a good time.
I agree with this approach, though I'm not sure many here would agree.
As for uni costs, has anybody considered that there are countries where university entry is FREE... sometimes you have to think outside of the square...
