05-28-2016, 09:29 AM
(05-28-2016, 06:55 AM)Dividend Watcher Wrote: I agree, Cannew. I'm not so afraid of cyclical stocks despite my experience with BBL but gold stock? Ever since the "gold rush" in the 70s/80s, I've never seen a gold stock that had a long term return above zero.
I also get a chuckle with those articles that say something to the effect of don't buy this stock because it's gone down so much or wait until it's gone up before buying. Huh? I've bought enough "falling knives" to know that in a few years time, I'll have collected a lot of dividends and the price usually is higher than where I bought it.
lol....Being a value investor/contrarian, I've become really good at catching falling knives! In addition, psychologically, it feels better catching a solid falling knife then chasing one on the way up.