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    phred59's Avatar
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    I am not going to give any specifics as to where my money is sitting. I have already said that I have been dumping about 5% of my income into Silver. But I do have some in other places too. No, SirQuacksALot, not in my sock drawer.



    But if you are inexperienced in the market and want to put your "guessing" to a true test. There is an App out there called "Market Millionaire". Download it and mess with it. It uses real time stock prices and starts you off with 100K, if you can get that 100K up to about 110-115 in 30 days, maybe you are ready to invest a couple grand. Just don't expect to double your money every 2-3 weeks. It isn't going to happen unless you get really lucky while making careless moves.

    I will say this much, I do have about 30% of my stocks in high gain dividend commercial real estate companies (the ones the big stores and companies lease their buildings from) and let the dividends roll back into more shares. This way if the real estate market has a spike, the value of their holdings goes up with it, and in the process, so do their stock prices. And if it dips down a little bit, they pay a monthly dividend that rolling back into it absorbs the minor drop. And with inflation going the way it is... only 1 direction it can go.

    I stay completely away from high dollar consumer manufacturers like automotive companies. (GM, Ford etc.) One bad report can cost you a large percentage of your investment, and it takes them months to recover from a 2-3 day loss. I also am staying away from financial institutions and lending companies, the more people are defaulting on loans due to the ever rising cost of living, their profits and stock prices are unstable. There are exceptions to every rule, but too many landmines to find while looking for them.

    Now this is mid to long term investing, not day trading. I don't mess around with that stuff, too much hit and miss. One day can be great, and the next you can be wearing a turd sandwich that you just got fed to the side of your face while you weren't looking.
    Intellectual property has the shelf life of a banana - Bill Gates

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