Investing for children

Theophany · 2 Mar 2013 at 01:16

gillywibble said:
Gold is always a good investment.

No it isn't.

Gold is a commodity like any other. It is good at times, it is crap at others.

The mentality that gold is somehow always good is retarded. Gold's value is not intrinsic. It is determined by market demand. Just like oil, copper, wheat, corn, palladium or silver. :rolleyes:

K1LLSW1TCH · 2 Mar 2013 at 01:27

Jono8 said:
Invest in my new company.

It is called 'Prestige Worldwide'

Deadliest Catch without the crabs, we're almost outta gas, call the a-rabs.

sports_brah · 2 Mar 2013 at 01:29

land, land and more land.

Can't beat land.

gillywibble · 2 Mar 2013 at 10:18

Theophany said:
The mentality that gold is somehow always good is retarded. Gold's value is not intrinsic. It is determined by market demand. Just like oil, copper, wheat, corn, palladium or silver.

Mr. Brightside · 2 Mar 2013 at 10:27

I bought this ebook on Wednesday for about $5: http://moneyforsomethingbook.com/

I read it on Friday in the space of about an hour.

Consequently I intend to look into ETFs later today.

I recommend the book.

Jokester · 2 Mar 2013 at 10:38

gillywibble said:

And since then it's peaked and is starting to slide (down about 10% since it's peak in 2011).

Theophany · 2 Mar 2013 at 10:39

gillywibble said:

Classic idiot response - look at this chart showing a time period that makes me look right. See earlier in the thread for more than 4 years of performance.

Oh, and word to the wise, you really think gold is a good investment based on that chart of yours? I'd be getting my money out like it was Groupon stock.

gillywibble · 2 Mar 2013 at 10:42

Jokester said:
And since then it's peaked and is starting to slide (down about 10% since it's peak in 2011).

Agreed, but it is a stable long term investment.

Theophany said:
Classic idiot response - look at this chart showing a time period that makes me look right. See earlier in the thread for more than 4 years of performance.

Oh, and word to the wise, you really think gold is a good investment based on that chart of yours? I'd be getting my money out like it was Groupon stock.

You seem very angry, were you touched as a child?

[FnG]magnolia · 2 Mar 2013 at 10:44

Bitches! Chill!

Also.

Jokester · 2 Mar 2013 at 10:44

Something that lost 75% after it's last peak and has never got the same value back isn't a stable long term investment!

[FnG]magnolia · 2 Mar 2013 at 10:47

Well, I think she loves him 100% so let's not be too judgemental.

mollymoo · 2 Mar 2013 at 10:47

Scuzi said:
Probably about £5k to £8k per year. ISAs are a consideration, possibly as part of a diverse portfolio.

Then you're throwing more at it than we are, we're at about £3000 per year between two of them. I never really thought about any better long term investments but you have now peaked my interest.

gillywibble · 2 Mar 2013 at 10:52

Jokester said:
Something that lost 75% after it's last peak and has never got the same value back isn't a stable long term investment!

It seems there is a difference of opinion as to what constitutes 'long term'.

Jokester · 2 Mar 2013 at 10:56

gillywibble said:
It seems there is a difference of opinion as to what constitutes 'long term'

And buying at a peak is a good long term investment?

Participant · 2 Mar 2013 at 11:15

gillywibble said:
You seem very angry, were you touched as a child?

He has a point though. The graph you posted if anything seemed to show an investment that could have peaked...not the greatest time to invest.

gillywibble · 2 Mar 2013 at 11:18

Robbie G said:
He has a point though. The graph you posted if anything seemed to show an investment that could have peaked...not the greatest time to invest.

Point or not, he seems very distressed about something. Perhaps he lost a shed load in a gold investment?

Participant · 2 Mar 2013 at 11:24

Probably just fed up with armchair investors thinking they're George Soros

.

Theophany · 2 Mar 2013 at 11:31

gillywibble said:
Point or not, he seems very distressed about something. Perhaps he lost a shed load in a gold investment?

I know people who lost ~£200k in the Brown Bottom.

I find the spread of misinformation annoying is all. Gold is not an 'I win' button for investing as the Daily Mail would have you believe. It should form a small part of a widely diversified portfolio. That whole "look at this chart that conveniently shows a time period that backs up my point" is the same old nonsense every fund manager pulls out - funnily enough no fund manager has ever lost money according to their own charts. :rolleyes:

gillywibble said:
You seem very angry, were you touched as a child?

You know, I typed out several responses to this and deleted them all. It's poetic in that is says far more about you than it does me.

gillywibble · 2 Mar 2013 at 11:39

Theophany said:
You know, I typed out several responses to this and deleted them all. It's poetic in that is says far more about you than it does me.

Not really, you're the one who started with 'idiot' and 'retard' for no reason whatsoever. I threw back a childish response as you seem unable to have an adult conversation.

If it upsets you, then may I politely suggest that you press Alt and F4.

Shayper · 2 Mar 2013 at 11:39

gillywibble said:
Point or not, he seems very distressed about something. Perhaps he lost a shed load in a gold investment?

Or he doesn't want you giving terrible financial advice to someone saving for their kids future?

I'm with him on this one.

Investing for children

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