Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.970

-0.5%

Oct 31 9:30 AM EDT

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To: refugee investor who wrote (1335)	1/12/2014 8:28:28 PM
From: Italian Investor	Read Replies (1) of 1366

Yea Exxon was real early buying XTO back in 08 or 09. I think they dropped like 50 Billion dollars on that name I can just imagine what it would go for today 5 or 6 years later maybe half would be a good bet. Coal might take a while to bounce back but someday it will and hope I am apart of it, but I think the Natural gas pop might be right around the corner. I got my fingers crossed got to be right eventually the price already doubled off the bottom and we are going to export the crap out of it soon. No never read Bogle, but watched many interviews and I think buying an index is the best bet for most wish I had an index the last 3 years, but honestly I thought the market was above fair value 3 years ago. Making life simple and as easy as possible sounds good to me! I read one of the most recent revisions of the intelligent investor with commentary by Jason Zwing (his name is something like that) and he showed how buying an index fund is a no brainer for most. He had a nice chart showing how over long stretches like 10-20 years very few MFs beat and index it was something like 90% underperformed going out 20 years. Most people get stressful when the market goes down (I get stressful too but less so hehe) I am the opposite I get more stressful when the market goes up. With a Shiller P/E of 25 which is 25/15 or 70% above average you should be stressful too! History repeats itself over and over! This time that 70% is even higher than the numbers shows because we are @ the end of the debt super cycle and all the weapons have been used so no doubt we are going to over shoot by a great deal when we go the other way so maybe it should be 25/10. I know everyone hates these three words but this time is different! Most people are just getting back what they lost during the crisis I got all the money I lost during the crisis back roughly in less than a year after the market hit its lows it has been all gravy since. That was the time to be super aggressive not now NO way it is pretty much gambling. It is just a matter of time before we get rocked. Grantham is basically forecasting like zero percent returns for the next decade all the returns have been taken it is just how much more are we going to over shoot. My goal is too make most of my money when it is easy when nobody wants to be in the market not when everyone is in and thinking they can make there exits @ the right time. The 2 best examples and 2 guys I think are the best @ what they do Prem and Seth make most of there money when nobody is in the market which lasts maybe a year or 2 then they go on vacation or I should say try to make money but focus more on avoiding loses. One of my family members who I don’t see much anymore gave up investing because he was getting too stressful and turned his money over to Smith and Barney or some other company I forget, but I hope I am never in that situation. He got so frustrated after the crash because he lost so much money I am guessing he lost a good chunk of his portfolio 50M or so maybe more or less we did not talk numbers. It had to be a good chunk for him to give it up because me and him could never shut up about what we where investing in or what sectors we thought had potential. Hard to see someone so passionate about companies he was investing now like a corpse. I still remember in the late 90s him bragging about one of his great investments telephone of DeMexico or something like that he made 1000% in a short period of time and now he had no passion shocking. Real-estate was the only thing he was interested in and as far as stocks Smith and Barney can take care of his investments what the hell is that for someone who is most likley a far better investor than some dude waiting for a check. I can never give up investing like he did and give it to a helper or just put it in an index fund it would kill me. I dont know if you remember my 200K goal for the little guy but I fell way short I put the bulk of his money in a 2% CD the start of this year and 10K in Fairfax. When I was given the 30K to invest for him the S&P was 1400 or higher and today it is lets say 1840 that comes out to about a 30% return since Prem Jr took over. His money went from 30 to 85 durring that same time frame and he paid a very high tax rate during this time going in after his parents. This 85 also has 3K in losses he can take in the future when he is working anyways that comes out to 185% return it would of stunk for him taking the vanguards founder advice.

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