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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
 Posted - 06/07/2009 : 22:28:34
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Poll Question:
You often hear from mainstream financial advisors to hold not more than 5-10% of your portfolio in precious metals. Obviously, they have more to gain if you allow them to invest you in mutual funds, stocks, etc. At this time I am personally approaching 25% of my net worth in PMs (versus real estate, equities, cash and other miscellaneous personally property). I'm curious to see what the forum members think.
What percentage of your net worth do you currently hold in precious metals?
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www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 06/07/2009 : 22:40:09
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| Almost 85% of my money since I don't make enough money (I'm 14) to buy stocks, bonds, or real estate. I don't trust banks. I'm certainly not going to hold on to FRN's. I'm trying to sell some of my silver though to eventually reach around 50/50. |
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Nickelless
Administrator
USA
5580 Posts |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 06/08/2009 : 00:22:05
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| 50/50 silver/copper. I'll PM you, Nickelless. |
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 06/08/2009 : 05:52:52
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32% in gold/silver. Copper excluded.
The total includes cash & investment assets only though. I know I have positive equity in my home, but I'm not going to bother trying to figure out FMV. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 06/08/2009 : 08:31:00
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Whatever approach you take the goals are the following:
(1) When you are younger, accumulate wealth.
(2) When you are older, protect your wealth.
If most of your assets is in one asset category: real estate, commodities, cash (allows you to buy other assets on the cheap), stocks, bonds, race horses, farming, or something else, you are taking a big risk that your view of the future could be wrong. It's sort of like putting all your money into one stock: it could skyrocket (to the moon) or go bankrupt. I believe the best long term approach is that each person needs investments diversified in different categories. |
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– Theodore Roosevelt
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 06/08/2009 : 09:05:14
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| My % is not nearly high enough, still working on it... <5% :( |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 06/08/2009 : 21:45:28
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| I'm somewhat surprised by the number of people who responded <5% (considering the nature of this forum) and am equally surprised by the votes for 81%+! Very interesting results so far indeed... |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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ScottyTX
Penny Hoarding Member
USA
508 Posts |
Posted - 06/09/2009 : 10:32:06
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I'm nearly 85% in precious metals, not sure if that is 100% a good thing, but hey I like them more anyways! I was smiling when I lost virtually nothing investment wise with the big downfall. Had all my money invested in coins/precious metal at the time on the low side.
Yipee |
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kieblera5
Penny Hoarding Member
USA
859 Posts |
Posted - 06/09/2009 : 14:39:15
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| I had to put in around 50%. It was a lot lower, but most of my investments are in numismatic coins. e.g. high grade Morgans/bulk wheats/older type coins. I've been trying to gain a little bit in junk 90% silver. |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
Caller number seven gets the Peace Prize!
Get coding tips, tricks, and more at: http://codingmonday.blogspot.com |
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Nickelless
Administrator
USA
5580 Posts |
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Topic |
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PMs as a percentage of net worth
Forum Locked
