(04-28-2021, 08:08 AM)ken-do-nim Wrote:It's not for you right now. When I was accumulating I owned zero precious metals or minerals (other than the big rock on my wife's ring finger). It was much cheaper than a divorce lol. (Can I get an amen lol?)(04-28-2021, 08:00 AM)fenders53 Wrote:(04-28-2021, 07:34 AM)ken-do-nim Wrote: I know I've only owned DGI stocks for a month and a half now, but I'm patiently waiting for one of them to appear in this thread showcasing a dividend increase.Most DGI stocks announce an increase every fourth quarter. With some minor research you will know when to expect it. My gold miner stocks are really fun now. When you get old buy one while gold prices are down. When things are good they raise the dividend 2 or 3 times a year, announce specials Divs etc, and it can last a few years. They will gradually drop it of course when the metal price crashes too hard.
Oh cool. Thanks for that nugget of information.
Gold is just a hedge. It will be there when my port is burning down and pays good dividends now because I own the major miners that are leveraged some against the metal.. Once or twice a decade it goes into true growth stock mode for awhile. Holding it for decades is probably the stupidest idea ever but people do it waiting for the zombie apocalypse.
The cool kids hold bitcoin instead because pretend digital money can't possibly go wrong when all hell breaks loose. I typed that with heavy sarcasm lol.