02-04-2020, 12:54 PM
Welcome to the forum. I generally agree with what Otter shared. I don't hold any gold. If I was going to I wouldn't buy it unless the price was obviously very depressed. Long term I don't consider it a real investment. I have held bonds over the years. Things are different than they were now that we have rock bottom interest rates. Currently longer term bonds have the downside risk of stocks with little potential for reward. That may change someday but it won't be any year soon most likely. I do hold some extremely short term bond funds. They yield just over 2% so they are little different than a good CD. Basically cash.
They serve a purpose though. They store my cash in the event the stock market should drop enough to make valuations more attractive. At that time I would desire a larger % of my assets in the market. My advice to a new investor would be to select a dozen high quality DGI stocks in most of the 11 general sectors. Invest most of yuor port with dollar cost averaging. Over the course of a year there will be bargains and you can direct your purchases accordingly. I do buy and sell certain positions, but my advice would be to exercise patience. If your time-frame to invest is over a decade that has been sufficiently proven to be your best strategy. If you decide to trade, segregate a small amount of your portfolio for that. Trading is a good way to learn how the market reacts. You can learn the principles with a very small part of your holdings. Discipline is important, whether you hold everything forever or trade. It's harder than it looks when the market gets rough. We look forward to your future threads. We need more threads so feel free to start them as you desire. I think we are a helpful bunch.
They serve a purpose though. They store my cash in the event the stock market should drop enough to make valuations more attractive. At that time I would desire a larger % of my assets in the market. My advice to a new investor would be to select a dozen high quality DGI stocks in most of the 11 general sectors. Invest most of yuor port with dollar cost averaging. Over the course of a year there will be bargains and you can direct your purchases accordingly. I do buy and sell certain positions, but my advice would be to exercise patience. If your time-frame to invest is over a decade that has been sufficiently proven to be your best strategy. If you decide to trade, segregate a small amount of your portfolio for that. Trading is a good way to learn how the market reacts. You can learn the principles with a very small part of your holdings. Discipline is important, whether you hold everything forever or trade. It's harder than it looks when the market gets rough. We look forward to your future threads. We need more threads so feel free to start them as you desire. I think we are a helpful bunch.