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Discussion in 'The Okie Corral' started by XDRoX, Apr 29, 2012.
I agree. Always look at the ETFs and Mutual funds, then make a decision.
Blue, you know when you buy a stock, mutual fund, etf that you're paying more than its worth, right?
You think that trend will continue. That's great. Keep letting it ride. That's what all gamblers do.
Yes, asset classes DO move in cycles... guess what. PMs had their cycle. How many times in the past... say 150 years have PMs beaten equities over a 20 year period? (The answer is zero)
The time for precious metals was about 10 years ago. The time for equities started in early 2008. Housing is another attractive market.
You'd have to be an absolute fool to gamble your childs education money on a single undiversified sector that produces nothing.
This is a good article written by Warren Buffet about why bonds and gold suck and why equities are the only proven way to protect capital over any meaningful time period: http://finance.fortune.cnn.com/2012/02/09/warren-buffett-berkshire-shareholder-letter/ I challenge all of you gold bugs to actually read that article through. You might learn something.
If you own an index fund, it also replaces the losers the same as the index it tracks.
Diversification is for those that don't know what they are doing.
Then how do you explain their meteoric rise the last ten years? Obviously, they cost way less than they were worth.