RE:RE:RE:RE:Gold Pricemercedesman wrote:
The challenge is to be in something that honours the time value of money. You don't (necessarily) want to wait 4 years to achieve that 80% return on your investment (although if you think about it, with a interim dividend, it's not a bad ROI)
MM
That is exactly it. Having gold swing around into a multi year bear market is one ugly thing if you get caught with "hoping gold will turn around". Another explorer i own (MOZ) had some clown on the board saying he was very pleased with his returns (up 300% over that last 3 years) but some of his shares are ridiculously old. He'd be so farther ahead investing in a dvidend paying blue chip without the risk.
Whenever you introduce the word "hope" into an investing sentence, it's trouble. It takes discipline to take profits and also exit out at picked price points.
Had a ~15 bagger with EET only to have Lehman brothers go sideways. 22-25 cents up to ~$4 (a few years) . bought out by EDV for ~35 cents or something. i had always told myself i would sell if it went below $2. i didn't as i was sure it would recover. better discipline now. selling $20K of MOZ every 15 cents. will exit regardless at $2.50. My last sale was last week at 3.72. today it's at 3.25. Of course the best exit would be a takevover - no choice!
tC