Monday, June 24, 2019

$2K incease in Fidelity IRA in last 12 months

Gold is doing something while the markets are being randomly good and bad.
Gold can go up a lot from where it is now (doubling isn't too crazy, considering my mutual fund is way under the $43.10 I once bought it), while the market the fund is within is at it's top.
I have watch lists of mutual funds that give reliable dividends and capital gains. I'm shifting towards quarterly yielding ones from a single monthly. There are a few monthly yielding funds I'm testing to see which is the best long term.
I have also researched a few semi annual dividend yielding ones that interestingly fills in the June gap missed by the  April-July-October-December funds, but gives a certain dilemma in December. 
I am hopeful of adding $2k in my IRA by the end of the year. A 10% gain in 6 months is beyond my control, but I'm watching. I'm tired of holding gold that can vary too frequently without any guarantee of growth.

Monday, June 10, 2019

gold

I have a bad hobby of following my IRA. I have been looking toward diversifying my account into multiple dividend yielding mutual funds, but I'm still mostly invested in a gold related mutual fund. I am not the sort of person who looks at sunk costs easily. Gold was doing well when I first got into it at bargain $43.10 a share. It jumped to above $55 before sinking to $15.90 a couple years later. A couple years later, Brexit bumped the fund above $27, so I was above break even due to my buying and holding throughout the dive.  I got greedy and didn't sell it all off to break even, only to see the dip of $15.37 last year. I bought up the same amount of shares I sold in 2016 and sold off gradually after it hit upper $19. I was selling at 5 shares a day so I'm not making big returns beyond 30%, but I'm seeding my diversification towards year-round growth. Current break even amount seems to be roughly $23.50, but I'm thinking done selling until it hits $24.59. I'll hold, I've held on for nearly 7 years, I can wait out another 7, I reckon... but the chance for growth by converted to growth funds makes me want to cut chunks now that will grow quicker without having to hope for market flukes.
I read last week that tariffs have been blamed for loss of earnings made from the tax cut. Of course, the market crashed a bit a few days straight only to bounce back.
I doubt a $5 jump will come, but interest rate cuts seem to suggest gold will be  increasing in value throughout the summer.

Sunday, June 9, 2019

Virgos

I don't believe horoscopes to be anything significant, but I can usually spot a Virgo.
A guy at work seems a bit like me in various ways... ways that are generic Virgo qualities, so I figured he was a Virgo. So I  asked him. He is a Virgo, barely.
I once worked at a library where 9 of 12 staff members were Virgos.
Seems too weird to be a mere coincidence...