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In reply to the discussion: GM to move all salaried workers to 401K plans [View all]stockholmer
(3,751 posts)45. mining stocks(especial the junior and mid-tier sectors) are a space I only venture into with serious
input from my 2 principal advisors. I have hit some home runs, but also have lost my arse on a couple too. That is the nature of the game. This is but a small part of my overall portfolio, and I am very comfortable with losing all my initial investment, in returns for the chance at huge gains. So far, I am defo in the black overall, and the 2008-2009 correction let me load up on some true deals (also in other stock sectors as well).
Gold bullion, on the other hand, when measured from January to January, has gone up double digits % every year for the last 12 years.
I fail to see a win win there, as I highly recommend a 'dollar cost averaging' purchase plan to just steady accumulate.

cheers
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I've never worked anywhere more than 6 years. If I didn't have a 401k I'd have no employer help
dmallind
Feb 2012
#6
The purpose of the 401k is to make people believe that given enough time, they too will be a 1 %'r.
harun
Feb 2012
#3
Mitt Rmoney can come in and strip the plan naked and send it to his offshore accounts nt
msongs
Feb 2012
#8
the banksters are laughing as more & more are forced into their gulag casino (aka the rigged market)
stockholmer
Feb 2012
#9
Pension funds have a huge advantage when they invest because they are larger
JDPriestly
Feb 2012
#23
And if putting money in drives up the market, what happens when Boomers retire and are pulling out?
ieoeja
Feb 2012
#19
That is the part about our current recession that nobody wants to talk about.
JDPriestly
Feb 2012
#24
there IS something you can do,(not political)-make informed investments aimed at wealth preservation
stockholmer
Feb 2012
#38
gold and silver have been stores of wealth for 6000 plus years, and the price they have vis-a-vis
stockholmer
Feb 2012
#42
mining stocks(especial the junior and mid-tier sectors) are a space I only venture into with serious
stockholmer
Feb 2012
#45