My wife an I updated our investment numbers yesterday...updated from early June.
Our investments went up a little over $237K.
Implying that I cannot afford things is pretty stupid.
I'm interested in investing in the Stock Market sometime Lex
@The Prowler.
I got $100,000 as a starter fund, eh?
And a few hundred thousand more to deploy for that purpose if necessary.
But I'd rather wait 'n til next year.
I think the markets are teetering these days.
That scare comin' outta Japan recently really rocked the markets.
No sense in throwing money in if it could take a tumble tho.
That Gold I bought went up 30% since last year, eh?
It hit $2500 an ounce today for the 1st time.
That wasn't a bad buy.
Mind you, Gold is really just intended a hedge tho.
It's not normally thought of as 'an investment' nor does it usually increase in value that much.
The money managers and the banks must be scared shitless that the markets could tank soon and that's probably why they're piling inta gold. Its upward price movement is abnormal and may be a harbinger of things to come. Gold normally doesn't rise 30% in 1 year unless they think hard times are comin'.