Written by Bryan Lutz, Editor at Dollarcollapse.com:
Every Sunday morning I sit down to write a few thoughts.
Sometimes these thoughts end up being about life, other times they are on gold, geopolitical issues affecting the markets, or the economy.
Here are three thoughts for this morning:
1. As an investor, if most of what you’re doing is “sitting, reading waiting,” you’re doing the right thing.
That’s all it takes.
It’s literally what Billionaire Stanley Druckenmiller does to make his money more productive. He says…
“We mostly just sit around reading, thinking and waiting.”
If you’re nearing the end of your working life, or entering retirement with a small nest egg then you should consider the same thing.
Aside from exercise, socializing, and maintaining a healthy diet focusing on making your money work for you is the best thing you can do.
So don’t think you’re done working
You’re just in a different phase with a new focus.
2. This is what’s wrong with my generation(millennial), and the right way to think about life in the context of generational wealth.
This is an incredibly backwards video, yet it’s how most people in my generation think.
In the video, the women in her late 20s or early thirties tells her mother and grandmother that she’s not going to send her kids to private school.
She reasons it’s because it’s not an accurate representation of what England is really like.
“Most children are poor.”
So she’s going to remove her privileged children from a place of privilege.
Who’s going to tell her?
Her grandmother does. If only she would believe her.
The thing is, the most common trait among those families that are able to keep generational wealth is this.
“Even though you are privileged, and you have everything you need. You still need to learn to work (and to create value).”
Here’s what one of the World’s Strongest Men (deadlifting) tells his son.
3. Gold is on a historic run, and now money managers at the Big Banks are about to plow in. It’s still early for gold.
Gold is now up 50% year-to-date.
It hasn’t looked this good since 1979.
Last month, Morgan Stanley changed their position on what a “normal” portfolio allocation should be look like.
A few years ago, the normal portfolio was 60/40 allocation.
60% Stocks…
40% Bonds…
Now, Morgan Stanley and others are recommending an allocation of 20% gold, cutting bond allocation in half. This shift is just the beginning…
That’s because even right now, the S&P 500 continues to push up into new all-time-highs. It’s a rare scene…
Gold is going up. Silver is going up. Bitcoin is going up…
And the S&P 500 is going up, which means the historical S&P500 to Commodity Ratio means that there’s more room to go up NOT down.
Even with all the movement in precious metals…There’s still time to shift deeper into commodities and precious metals, and when the big historical shift does occur it’s going to be bigger than ever before.
One thought on "3 Sunday Morning Thoughts – October 5 Edition"
I have been on board with this line of thinking since early this spring and have effectively doubled my portfolio. I am pleased with the result. Is there a way to anticipate a top or major retreat in precious metals? No one ever talks about that. Lately I have seen miners wobble except for the very top tier although gold and silver keeps climbing. Any Sunday morning thoughts on that?
PS the link in my newsletter took me to last Sunday’s article. I had to find this one by going to “Home” on your website.