The Prowler's stocks & investments musta tanked pretty hard today....

[Admin.]

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[Joe]

This touches on something that some people like Senile @Joe do not seem to understand. He will look at just the charts, and see an annualized return of 7.58% because he is only looking at the value of the index. But, and I told Senile @Joe this a while ago, to fully appreciate all the profits, you need to consider the dividends. That 7.58% is misleading, because it excludes dividends. By reinvesting dividends, investors can expect over 10% annual gains over time.

Y'know @The Prowler I might be interested in jumping into the markets if I saw a 'break in the sky'...that is a downturn of at least 20%. Maybe in 2025 after the US election & the dust has settled?

I'm not sure if there'll be this massive crash a la 2008 or 2000 like many investors on the sidelines are hoping for - so they can jump and gobble up massive deals.

I'm also not sure how far gold and silver will go up or if at all.

Here's one opinion who states the high for this year has already been reached ($2400 US/ounce) and there could be a significant pullback in the price to about $2100 per ounce:

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Caroline Bain, Chief Commodity Economist at Capital Economics, said in a report published Friday that although she is bullish on gold for this year, the price has run well beyond expectations, and she expects prices to fall back to earth by the end of the year.​

​

Bain said she is maintaining her year-end gold price target of $2,100 an ounce. At the same time, she sees silver prices ending the year at around $26 an ounce.​

So by no means am I gloating.

However, I am second guessing this one analyst a bit, and think gold could still go a bit higher. Possibly up to $2700 US per ounce? And a pullback price of between $2400-2500 per ounce? I don't believe these YouTube videos which claim Gold will reach $5,000 - $10,000 a ounce this year or the Sky's the Limit.



Even $3,000 is stretching it - but that price point between $2900-3000 isn't outside the realm of possibility. However I think even that is remote.

Any event, I try not to inject my biases into anything - even when I see gains in my investments.

Just always expect the worst and be willing to lose within a margin of calculated risk. How much should an Investor be willing to lose on this investment if it goes South or Nowhere? 10%? 20%? 30%?

Seems some bitcoin investors are willing to lose 50,60,70% if bitcoin tanks. Admittedly, I'm not willing to accept that kind of loss so I wouldn't want to invest in high-risk entities like that.

 

[The Prowler]

But the bailouts for billionaires (a trillion a day pumped into the stock market in 2008 while average people lost homes, etc.) was spot fucking on. The stock market gambles of the obscenely wealthy get underwritten by the USA treasury; the rest of us take our chances.

Yeah, that is a much bigger problem in the USA than it is in Canada.

 

[The Prowler]

...funny thing is... I addressed this thread ta you.

However, @Lily of Denial appears ta have taken it more personally than you. Maybe Rancid too.

Butcha know Prowler, I checked the Globe and Mail and all of the major Stock Market indices were down today, eh? TSX, DOW, S&P, NASDAQ .... ? And Bitcoin too got hammered, eh?

They were all havin' a bad day....

....except....fer GOLD @The Prowler !

I bought some Gold 'n Silver on the weekend anticipatin' a bounce when the markets opened today. particularly with that Iran attack on Israel.

Guess what? Went up today. Those were virtually the only things that went up.

Bitcoin really took a hit.

Senile @Joe, I have a good amount of precious metals. I just sit on it, year after year. I am pretty diversified.

I missed the boat on crypto though. The whole blockchain thing bugs me. On one hand, we are supposed to be worried about the environment, on the other....blockchain!?!!?? It is such a drain on energy. It baffles me that the climate change crowd gives crypto a free pass.

 

[The Prowler]

Y'know @The Prowler I might be interested in jumping into the markets if I saw a 'break in the sky'...that is a downturn of at least 20%. Maybe in 2025 after the US election & the dust has settled?

I'm not sure if there'll be this massive crash a la 2008 or 2000 like many investors on the sidelines are hoping for - so they can jump and gobble up massive deals.

I'm also not sure how far gold and silver will go up or if at all.

Here's one opinion who states the high for this year has already been reached ($2400 US/ounce) and there could be a significant pullback in the price to about $2100 per ounce:

Please, Log in or Register to view URLs content!

Caroline Bain, Chief Commodity Economist at Capital Economics, said in a report published Friday that although she is bullish on gold for this year, the price has run well beyond expectations, and she expects prices to fall back to earth by the end of the year.​

​

Bain said she is maintaining her year-end gold price target of $2,100 an ounce. At the same time, she sees silver prices ending the year at around $26 an ounce.​

So by no means am I gloating.

However, I am second guessing this one analyst a bit, and think gold could still go a bit higher. Possibly up to $2700 US per ounce? And a pullback price of between $2400-2500 per ounce? I don't believe these YouTube videos which claim Gold will reach $5,000 - $10,000 a ounce this year or the Sky's the Limit.



Even $3,000 is stretching it - but that price point between $2900-3000 isn't outside the realm of possibility. However I think even that is remote.

Any event, I try not to inject my biases into anything - even when I see gains in my investments.

Just always expect the worst and be willing to lose within a margin of calculated risk. How much should an Investor be willing to lose on this investment if it goes South or Nowhere? 10%? 20%? 30%?

Seems some bitcoin investors are willing to lose 50,60,70% if bitcoin tanks. Admittedly, I'm not willing to accept that kind of loss so I wouldn't want to invest in high-risk entities like that.

Holy fuck, Senile @Joe, you should have been worrying about this stuff 20-40 years ago.

An old man like you should be enjoying his retirement, not worrying about investments.

 

[Joe]

Holy fuck, Senile @Joe, you should have been worrying about this stuff 20-40 years ago.

An old man like you should be enjoying his retirement, not worrying about investments.

And yet...if the markets tank like many are predicting....what's the difference if they decline 40% or more & a person spent 40 years or more accumulating it?

Just like someone who likened the Stock Market to a gambling casino - it doesn't really matter what day, year, time of the day you enter through the door. There's always another play, another gambling session.

A person could lose everything or most of it in the blink of an eye in minutes...or they could make a lot depending on the circumstances.

Just like bitcoin, there's no sense in buying high.

You see, I think you're fixated on the last 40 years @The Prowler - that is past performance equal future performance. But the next 40 probably won't be like that. World's def changing.

You recently mocked me for paying $4200 for a gold coin set. Turns out, it's retailing for $5000 or more and a dealer would be willing to pay me a minimum of $4600 for it at today's market prices.

I mean that's not gangbusters, but it's not a bad potential return if I choose to sell, get $400 or around 10%. That'd be like getting a 3 month GIC at 10% return. And it has the potential to go much higher in a year or 2. In which case, what was the point in using that $4200 to buy a GIC at 5 even 6%?

Now of course I'm by no means suggesting that people should go 100% in gold. But it's just a way of diversifying eh.

And if gold continues to go up this year and next while the stock market tanks, may as well stay in gold, sell it when it goes higher and then invest in the stock market if it happens to correct or fall back.

Why bother to buy into the stock market right now if it's weak or fragile?

Seems it's better to pile into an appreciating asset like gold (while it's still good) and sell it in the future and then invest in another (stocks) when it's on a decline. That way combined with a 20% rise in gold and a 20% decline in the stocks an Investor might pay 40% less or more than he would if he buys high or at the top/near top of the market right now Prowler.

Gold isn't gonna surge forever. I'm aware of that. It's just having it's day in the sun. But at some point, it's probably wise to unload/sell and then buy something else.

Might be a bit late this year to buy inta gold. But then again I'm not sure. For the most part, I'm probably finished buying most of it for rest of the year.

I started buying last year when it was around $1700 US an ounce. Now it's hovering around $2400.

 

[Joe]

Anyways @The Prowler the 2020s looks or is looking a lot like the 1970s.

High double digit inflation, double dip recession, big increase in commodities and the price of gold, wars/black swan events everywhere especially the Middle East. The same flash points. Israel. Iran.

Maybe there'll be no stock market crash, but inflation will eat away at its gains so in reality there'll be no gains, just stagflation.

It's just history repeating itself.

That's one advantage of being OLD - you remember what came before and you can see a pattern emerges, eh.

 

[Garraty_47]

Senile @Joe, I have a good amount of precious metals. I just sit on it, year after year. I am pretty diversified.

I missed the boat on crypto though. The whole blockchain thing bugs me. On one hand, we are supposed to be worried about the environment, on the other....blockchain!?!!?? It is such a drain on energy. It baffles me that the climate change crowd gives crypto a free pass.

Back in the day when both Tesla and Bitcoin were barely starting to get attention a colleague and I were talking about them. My position was that they'd blow up, his was that they'd be a flash in the pan at best.

I should have taken my own advice and sometimes wonder if he kicks himself for not believing me?

lulz

 

[Weeg]

stocks are the DEVILS tools!

 

[The Prowler]

And yet...if the markets tank like many are predicting....what's the difference if they decline 40% or more & a person spent 40 years or more accumulating it?

Just like someone who likened the Stock Market to a gambling casino - it doesn't really matter what day, year, time of the day you enter through the door. There's always another play, another gambling session.

A person could lose everything or most of it in the blink of an eye in minutes...or they could make a lot depending on the circumstances.

Just like bitcoin, there's no sense in buying high.

You see, I think you're fixated on the last 40 years @The Prowler - that is past performance equal future performance. But the next 40 probably won't be like that. World's def changing.

You recently mocked me for paying $4200 for a gold coin set. Turns out, it's retailing for $5000 or more and a dealer would be willing to pay me a minimum of $4600 for it at today's market prices.

I mean that's not gangbusters, but it's not a bad potential return if I choose to sell, get $400 or around 10%. That'd be like getting a 3 month GIC at 10% return. And it has the potential to go much higher in a year or 2. In which case, what was the point in using that $4200 to buy a GIC at 5 even 6%?

Now of course I'm by no means suggesting that people should go 100% in gold. But it's just a way of diversifying eh.

And if gold continues to go up this year and next while the stock market tanks, may as well stay in gold, sell it when it goes higher and then invest in the stock market if it happens to correct or fall back.

Why bother to buy into the stock market right now if it's weak or fragile?

Seems it's better to pile into an appreciating asset like gold (while it's still good) and sell it in the future and then invest in another (stocks) when it's on a decline. That way combined with a 20% rise in gold and a 20% decline in the stocks an Investor might pay 40% less or more than he would if he buys high or at the top/near top of the market right now Prowler.

Gold isn't gonna surge forever. I'm aware of that. It's just having it's day in the sun. But at some point, it's probably wise to unload/sell and then buy something else.

Might be a bit late this year to buy inta gold. But then again I'm not sure. For the most part, I'm probably finished buying most of it for rest of the year.

I started buying last year when it was around $1700 US an ounce. Now it's hovering around $2400.

Holy fuck, Senile @Joe, you should have been worrying about this stuff 20-40 years ago.

An old man like you should be enjoying his retirement, not worrying about investments.

If you would have planned your life better, Senile @Joe, you would not have to worry so much about your financial position now, in your later years.

 

[The Prowler]

Anyways @The Prowler the 2020s looks or is looking a lot like the 1970s.

High double digit inflation, double dip recession, big increase in commodities and the price of gold, wars/black swan events everywhere especially the Middle East. The same flash points. Israel. Iran.

Maybe there'll be no stock market crash, but inflation will eat away at its gains so in reality there'll be no gains, just stagflation.

It's just history repeating itself.

That's one advantage of being OLD - you remember what came before and you can see a pattern emerges, eh.

What is you Net Worth, Senile @Joe?

Approximately...

 

[Joe]

If you would have planned your life better, Senile @Joe, you would not have to worry so much about your financial position now, in your later years.

Well, given your logic I wouldn't pile into the stock market right now @The Prowler. If something has peaked for the time being & even stagnating with the possibility of a steep decline in the near future, the wise trader would wait for the right moment to jump and buy again.

Likewise if Gold peaks and is set for a decline, why would anyone pile into it if the time isn't right? But of course we have the opposite set of conditions right now. Weak stock market. Weak US Dollar. Strong Gold.

I could pile into the stock market right now, but why bother?
Even the Big Players/investors are getting out for now, parking their money in cash, gold and other commodities.

Y'know Prowler I've had time to analyze your investment strategy and ideological bent, and given your beliefs, if you truly believe in 'the free market' and 'capitalism', then commodities trading as opposed to stocks is closer to those ideals. Because at least in the commodities market, it is subject to the forces of the market. Gold, silver, wheat, oil whatever actually goes up according to the laws of supply and demand.

However your stock market is a rigged illusions, and heavily manipulated. The puppet masters used their algorithms, AI to fool you into thinking that you are playing in an open free market whereas it's just what @Garraty_47 indicated to you. It's just like a gambling casino where the house sets the rules and if you make too much offa them or they're on the ropes, they suspend gambling/trading and close the joint down.

What kinda FREE MARKET is that, Prowler?

Even Big Investors like Jim Cramer have said that it's all rigged in which case the Stock Market is a Big Joke.

 

[Joe]

What is you Net Worth, Senile @Joe?

Approximately...

As I've told you many times @The Prowler.

I'm just average - like this retired immigrated Canadian couple:



I have never claimed to you or others that I am rich.

 

[The Prowler]

Well, given your logic I wouldn't pile into the stock market right now @The Prowler. If something has peaked for the time being & even stagnating with the possibility of a steep decline in the near future, the wise trader would wait for the right moment to jump and buy again.

Likewise if Gold peaks and is set for a decline, why would anyone pile into it if the time isn't right? But of course we have the opposite set of conditions right now. Weak stock market. Weak US Dollar. Strong Gold.

I could pile into the stock market right now, but why bother?
Even the Big Players/investors are getting out for now, parking their money in cash, gold and other commodities.

Y'know Prowler I've had time to analyze your investment strategy and ideological bent, and given your beliefs, if you truly believe in 'the free market' and 'capitalism', then commodities trading as opposed to stocks is closer to those ideals. Because at least in the commodities market, it is subject to the forces of the market. Gold, silver, wheat, oil whatever actually goes up according to the laws of supply and demand.

However your stock market is a rigged illusions, and heavily manipulated. The puppet masters used their algorithms, AI to fool you into thinking that you are playing in an open free market whereas it's just what @Garraty_47 indicated to you. It's just like a gambling casino where the house sets the rules and if you make too much offa them or they're on the ropes, they suspend gambling/trading and close the joint down.

What kinda FREE MARKET is that, Prowler?

Even Big Investors like Jim Cramer have said that it's all rigged in which case the Stock Market is a Big Joke.

Senile@Joe, you have shown time and time again that you do not understand the stock market. Owning stock in a company is owning a share of ownership of the company.

If the company does well, so will the stock.

You are a short term thinker with a short memory and a shorter attention span.

 

[The Prowler]

As I've told you many times @The Prowler.

I'm just average - like this retired immigrated Canadian couple:



I have never claimed to you or others that I am rich.

They never mentioned their Net Worth, Senile @Joe.

They mentioned the median average, $543,000, which is probably what your dementia-riddled brain is referring to....


So your Net Worth is right around $543,000?

That is....fuckin' scary!!!!

Shit. No wonder you are so worried about investments. Even with decent returns, you are going to be struggling.


Why did you not build your savings when you were younger, Senile @Joe? You must really regret being so irresponsible.

 

[Joe]

Senile@Joe, you have shown time and time again that you do not understand the stock market. Owning stock in a company is owning a share of ownership of the company.

If the company does well, so will the stock.

You are a short term thinker with a short memory and a shorter attention span.

But that being said, there definitely are times to Invest and refrain.

All Investing is a form of gambling and speculation @The Prowler.

Whatever we invest in, we project our hopes that something will go up in value and make us wealthier. But just because we hope that something will go our way, doesn't mean it will.

I honestly do not believe the stock market is the place to be right now Prowler. Mind you, this could change in the future (not sure when) but it's the time to be somewhere else right now. Whether you realize it or not Prowler, many equities are getting hammered by STAGFLATION just like 50 years ago.

Currently gold and other commodities seem to be the place to be. As I told you, this mirrors the economic situation in the 1970s. I remember that time, so I'm just implementing a strategy that others successfully deployed back then.

Lately I got lucky with Gold and it appears to be on a tear.

Actually where I got my information about the possible rise in gold in 2023 was from YouTube. I would just tune into these YouTube channels last year, and they were warning about economic troubles to hit the US economy and its impact on Gold price. So I started buying in at $1700 per ounce, which appears to be the trough of the cycle. I think I started buying at the BOTTOM of the cycle. People who'd thrown in the towel on Gold did so somewhat early and have missed out on its recent gains.

I think that Gold may have some room to move up, so there may still be gains to be made.

 

[The Prowler]

But that being said, there definitely are times to Invest and refrain.

All Investing is a form of gambling and speculation @The Prowler.

Whatever we invest in, we project our hopes that something will go up in value and make us wealthier. But just because we hope that something will go our way, doesn't mean it will.

I honestly do not believe the stock market is the place to be right now Prowler. Mind you, this could change in the future (not sure when) but it's the time to be somewhere else right now. Whether you realize it or not Prowler, many equities are getting hammered by STAGFLATION just like 50 years ago.

Currently gold and other commodities seem to be the place to be. As I told you, this mirrors the economic situation in the 1970s. I remember that time, so I'm just implementing a strategy that others successfully deployed back then.

Lately I got lucky with Gold and it appears to be on a tear.

Actually where I got my information about the possible rise in gold in 2023 was from YouTube. I would just tune into these YouTube channels last year, and they were warning about economic troubles to hit the US economy and its impact on Gold price. So I started buying in at $1700 per ounce, which appears to be the trough of the cycle. I think I started buying at the BOTTOM of the cycle. People who'd thrown in the towel on Gold did so somewhat early and have missed out on its recent gains.

I think that Gold may have some room to move up, so there may still be gains to be made.

Could you repeat that?

I missed it the first 75 times...

 

[Joe]

They never mentioned their Net Worth, Senile @Joe.

Yes. they do.

But you'd have to watch the series to know that @The Prowler.

 

[The Prowler]

They never mentioned their Net Worth, Senile @Joe.

Yes.

No, they did not.

Where in the video did you imagine that they stated their Net Worth? At what time, Senile @Joe?

What is your Net Worth, Senile @Joe?

 

[Joe]

No, they did not.

Where in the video did you imagine that they stated their Net Worth? At what time, Senile @Joe?

What is your Net Worth, Senile @Joe?

That couple Tina & Norm may have not stated where they stand in that particular video but they have in previous ones @The Prowler

A big reason they make those videos is it provides them with a side hustle that generates income in their retirement. They get money for thousands of views.

They're not the only ones either.

 

[Joe]

I know you gloat a lot about how much money you have but a lot of people have had children to raise or health setbacks. Like myself, You've been provided with the easy life. we dont have those obstacles to deal with.

Little wonder that many people need millions in retirement. If they had kids family obligations/crises it must add up considerably.

Unlike yourself I certainly don't laugh at their predicaments. Compared to their lives mine is like gravy. I actually feel very lucky Prowler. For example, When I was a kid practically nobody owned gold. Silver yes but gold seldom. I think when my Dad owned a couple of ounces later in life. And that was only after he moved up financially on the economic ladder.

I know my Grandfather thought himself lucky to own a gold watch. He would have had to work a full week 60-70 hours to own a half an ounce of gold. The idea that the average person like myself could own 10 ounces of gold even 50-60 years ago was practically unheard of. Except for the very rich, owning Gold was out of reach for the vast majority (99% of the population). Most people didn't have gold.

So I feel very fortunate to own ANY.

Back in the day if a person owned just 1 ounce many people would have been extremely floored by the idea.

I think people take our present level of prosperity for granted. However as fast as it rose and our society has acquired it it can disappear just as fast as it appeared @The Prowler

 

[The Prowler]

You've been provided with the easy life.

How did you come to that conclusion, you dopey bitch?

Unlike yourself I certainly don't laugh at their predicaments.

Hahahahahahahahaha!!!!!!!!!!!!!

So I feel very fortunate to own ANY.

I have never seen someone who gets such a kick out of owning a chunk of metal.

Do you sleep with your gold, Senile @Joe?

Do you have a concealed safe in your rental apartment? It would be a shame if someone stole your "precious gold"....


Do you know where I keep my gold, Senile @Joe?

 

[Joe]

Do you know where I keep my gold, Senile @Joe?

How much Gold & Precious Metals do you own @The Prowler

and what kind?

Platinum? Gold? Palladium? Silver?

And in what form?

Bullion?

Collector?

 

[The Prowler]

What is your Net Worth, Senile @Joe?

 

[Joe]

What is your Net Worth, Senile @Joe?

I already told you. So I don't have to repeat myself.

However, what I know is that while your Corvette continues to depreciate, the Gold I bought last year continues to appreciate @The Prowler.

So while your car is worth 20% less than when you bought it, my gold is worth 20% more and I didn't pay Sales Tax on most of it, eh? I jes' have to sit on it and it continues ta make money while I sleep Prowler.

You/your car goes DOWN in value while my Gold keeps goin' up dumb Prowler.

So what would you rather have? $100,000 worth of Gold which keeps APPRECIATING IN value?

Or a $100,000 Corvette which keeps DEPRECIATING in value and loses at least 10% per year?

As far as Cars go, you sure bought the wrong one Prowler.

If I spent $100,000 on a car or cars, I'd make damn sure the things could at least HOLD/STORE their value or even go up, eh?

Next time ya consider buyin' a car, check out the Hagerty Index, dumb Prowler.

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Remember, when ya buy, think smart, not dumb, Dumb Prowler.

Cuz I think you paid too much for your car(s) Prowler.

You paid WAY Too much.

 

[Garraty_47]

 

[The Prowler]

What is your Net Worth, Senile @Joe?

I already told you. So I don't have to repeat myself.

No, you did not.

You said it was "average" just like a couple in a video and the couple in the video did not state their Net Worth.

Do not be such a liar, Senile @Joe.

What is your Net Worth?

 

[The Prowler]

However, what I know is that while your Corvette continues to depreciate, the Gold I bought last year continues to appreciate @The Prowler.

So while your car is worth 20% less than when you bought it, my gold is worth 20% more and I didn't pay Sales Tax on most of it, eh? I jes' have to sit on it and it continues ta make money while I sleep Prowler.

You/your car goes DOWN in value while my Gold keeps goin' up dumb Prowler.

So what would you rather have? $100,000 worth of Gold which keeps APPRECIATING IN value?

Or a $100,000 Corvette which keeps DEPRECIATING in value and loses at least 10% per year?

As far as Cars go, you sure bought the wrong one Prowler.

If I spent $100,000 on a car or cars, I'd make damn sure the things could at least HOLD/STORE their value or even go up, eh?

Next time ya consider buyin' a car, check out the Hagerty Index, dumb Prowler.

Please, Log in or Register to view URLs content!

Remember, when ya buy, think smart, not dumb, Dumb Prowler.

Cuz I think you paid too much for your car(s) Prowler.

You paid WAY Too much.

Senile @Joe, you do not understand the difference between

A) investing
B) spending money on needs/convenience
C) spending money for pleasure

Your gold is about 100% A).

My Corvette is about 10% B) and 90% C).

My Jeep Grand Cherokee is about 30% B) and 70% C).

Do you see how that works, Senile @Joe? My vehicles are not an investment at all.

A lot of money I spend is 100% C).

I am taking a trip to Washington DC and Philadelphia soon. That is 100% C).

I am taking a trip to the Gaspé Peninsula this summer. That is 100% C).

I am taking five camping trips in my own beautiful province this summer. That is 100% C).

I can do these things because I planned my finances so that I do not have to worry about investing now that I am retired.

It is too bad that you did not plan better, Senile @Joe.

The real depressing thing, for you, is that even when I was planning responsibly for my future, I was living a much more rounded and full life than you were while you were neglecting to plan.

You were given the gift of life, Senile @Joe. You were given every opportunity to bring happiness to the world - for yourself and others. And you wasted it.

You miserable prick.

Hahaha!!!!

 

[Joe]

Senile @Joe, you do not understand the difference between

A) investing
B) spending money on needs/convenience
C) spending money for pleasure

Your gold is about 100% A).

My Gold is 50% A) & 50% C) @The Prowler

Sure I buy those things with the hope that they MIGHT go up in value.

However....I don't EXPECT them too because I'm a realist.

If they do, that's GREAT. But if they don't, then I'm still willing to hold on to them for sentimental reasons and collecting interests

My own view is that Investing should be a bit of pleasure and profit.
Have some potential but then at the same time..it's not all about making money.

A person should enjoy collecting/buying stuff and appreciate it once they got it.

But so far my hobbies have evolved or turned into Investments which keep rising in value. I didn't plan it that way. They just did.

My Collecting hobby has seen a rise of at least 15%-25% increase in value.
Sometimes 10x or 1000%.

If I sold these collectibles tomorrow, I could make a profit.

Lady Luck I suppose.

My Corvette is about 10% B) and 90% C).

However, unlike the Gold and Collectibles I purchased, your Corvette keeps depreciating in value Prowler.

Tho it has demand and resale value, it's highly doubtful that anyone would pay you the amount you paid for it. So if you say you paid $110,000 + Tax, but it could only sell for $80,000-$90,000, you've already LOST $20,000.

From a financial standpoint, that doesn't seem like a very good investment Prowler.

Now...had you bought $100,000 worth of Gold, you'd be up 15-20% over last year Prowler. And you could sell it at a profit.

But you didn't, so now.... you are stuck with a depreciating asset, Prowler.

Like I've told you many times, if I were buying a car with such great expense, it'd would be one that could hold or increase in value.

Think....1957 Corvette. Only 14,000 made. Much fewer left - in the Entire World, with a steady and perhaps growing demand among Car Collectors. Potentially a person could sell that car more than what they paid for it.

2023 Corvette vs a 1957 Corvette.

Which one would you choose?

I know which one I would choose Prowler.

 

[The Prowler]

My Corvette is about 10% B) and 90% C).

ZERO percent investment. 10% practical, 90% for pure pleasure.

Poor Comprehension Alert!!!!

From a financial standpoint, that doesn't seem like a very good investment Prowler.

Hahahahahaha!!!!!