I used quotes because I am referring to the morons working for the national news networks, and not for real investment firms.
How long have I heard all the doomspeak about the markets being bad. About how we should divest ourselves of the dollar and run to the Yen or the Euro!
Well, I decided to run the numbers. From 2001 to today, in Quicken for my stocks and holdings.
Gold, considered very conservative investment since it is worth something in every culture: 300% increase in value. Very nice.
Oil: 700% increase in value!!!
Hearing Aids: 1050% increase in value!!!
Ethanol: 800% increase in value!
Aluminum/Recycling: 250% increase in value!
None of my investments have been down for any significant period of time. Either I am the worlds best investor or maybe the market isn’t as bad as it is being portrayed? BTW, I am surprised by my hearing aid investment, since I put money in a penny stock and expected to lose it all. Glad I didnt! Gold was supposed to be my safety net, but it appears I should have just put that into other things (bummer since a majority of my investments were moved to gold just before the dot.com bust of 2000.)
What do you like to invest in? Let’s keep it on investments and not in politics.
What do you guys think about pawn shops? hearing aids? Oil? Gold? Cars? Coffee? tea? etc? What is your hot item? Do you like a specific company?
For instance, a few of my companies suck. Johnson and Johnson has been a dog for a while. Walgreens too. But in the long run I hope they stabilize the potential losses.