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 24, 2019
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.
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...
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...
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