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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: Italian Investor who wrote (645)	9/19/2010 11:52:08 AM
From: refugee investor	Read Replies (1) \| Respond to of 1366

I thought so too, but I did not quite agree with him, because even if you think gold is bs, you could have the psychological insight to see that it might be attractive to other people and a good bet at a given moment. His argument seemed to be that smart people should figure out how the world works and have better things to do with investment dollars. I sold Acorn Int., mostly because my broker account's platform got changed when my bank bought a broker last year, and they sent a letter saying that automatic re-investment of divs would no longer work in the new set-up. That was enough to make me start thinking about saving the 1% annual management fee and other tax activity, also because small caps seem more expensive than US blue chips right now. Still I probably should have done nothing--small cap int is exactly the sort of thing a fund is useful for, and they did OK, about 11% pa on average for the 17 or so years I had it. Now I have the ridiculous port. of: 17% PWE, 16% Imp, 15% WTM, 15% BRK, 13% cash, 10%ABB, 6% Perpetual, 6% STT. I could certainly use some blue chip quality!