SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: carranza2 who wrote (60985)2/10/2010 11:23:14 AM
From: No Mo Mo1 Recommendation  Read Replies (2) of 217639
 
Fair question. But how many people do you know who seriously follow the markets? By that I mean people whose profession is not in finance. I had dinner last week with a friend (NYU MBA, worked in banking in NYC for the last dozen years) who has NO interest in managing his cash. He also is conditioned toward orthodoxy w/ respect to his savings/investing. He puts a portion every month in his 401K/IRA. Blindly follows the traditional asset allocation model. Thinks gold is for paranoid types.

All that said, he's very bummed out right now. Two years ago his combined accounts were worth almost twice what they're worth now (he pulled out a significant portion in '09 near the lows). He also recognizes that he shouldn't have made fun of his crazy old coot father who bought a ton of AEM at ~ $5/share in the early 2000's. Nonetheless, he is still unwilling to put in the time to look at managing his own cash.

To a greater or lesser extent, I could tell many similar stories of people I know - especially among seniors with larger amounts of wealth. So...a manager with a good record, a la Paulson, could likely market gold to the lazy/fearful folks.

The rest of us just keep doing our thing.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News