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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (62407)	8/28/2019 4:47:41 PM
From: E_K_S	Read Replies (3) of 78758

Re: CashAPP As far as I can tell, you Buy at the Ask and sell at the Bid as transactions get done real time. It's about a 1.5% spread so not that bad in transaction fees. You can then transfer into offline wallet or just keep in their CashApp system. My strategy is just a hedge as I own Silver/Gold stocks (both pay tiny dividends), natural resource stocks w/ minerals & oil in the ground (they pay 4% div too), physical Gold & Silver and now I plan a little BitCoin. This totals about 25% of my portfolio and is more a hedge against inflation w/ some income. My physical Gold/Silver was from my Dad on coins he bought in the early 80's. When you look at compounded inflation it presents a pretty good picture of price inflation. Based on what my Dad paid for his gold coins (avg $295/oz), after 37 years their price based on $1548/oz (todays price) reflects a 4.5% compounded annual return. I believe my Dad paid an equivalent fee for the coins of 1.5% of the closing price . . it may have been more but not more than 2% which he transacted through a local coin dealer. FWIW, at that time brokerage fees were as high as $100/trade, so buying small batches of stock had large fees over time. EKS

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