Saturday, November 24, 2007

Financial Planning

No for those of you who expected a picture of shotguns and canned beans, you'll be surprised to find I'm very upbeat about the prospects of my financial portfolio.

Why you might ask? Because I just blew out of any American Equities we had left. I am going into Canadian Mines and something I like to call a BRIC.

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." - George Soros

This website is not giving unsolicited financial advice. Past performance is no indication of future profits.

Who am I kidding. I'm fucking right all the time. Just ask my cousin Danny how much he wishes he had bought more RNAI when I put him in at a buck. Then ask him if he wishes he didn't start taking profit at $7. I believe Merck bought it at $13.

I like JAN.V MJO.V GXM.V KBGCF.PK and RIO. None of them are dollar backed.

Most of them are sources of indium, selenium and gallium. More importantly. None of them have any worrisome exposure to Central & Western Africa or the risk that such ventures currently enjoy. Demand for In, Se and Ga is about to shoot through every light fixture on Earth as people wake up to the magical wonders of LEDs and Solar Cells. Either one is a hot market place right now and those stocks are all over valued but not the mining stocks. Mines that will supply the raw materials of either one of those technologies will be even more lucrative if both technologies take off. I may actually live to see retirement instead of dropping dead from a Monday morning heart attack.

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16 Comments:

Blogger RicketyFunk said...

But you should consider yourself fortunate to even have money to invest.

A large chunk of the population doesn't know what the hell you're rambling on about becuase they've never had the opportunity to deal with stock abbreviations. (or like me, they don't bother to set aside the money to do it.)

The awesome financial planning for the future skills I picked up in college consist of playing video poker, video keno, and lotto tickets. "Come on Jackpot!!!"

Nov 26, 2007, 4:43:00 PM  
Blogger Dean ASC said...

Big Money! Big Money! No Whammies! Stop!

Nov 26, 2007, 5:47:00 PM  
Blogger American Interior Monologue said...

Pay yourself first. Open a Roth IRA. Use Vanguard (low fees), choose a bunch of funds, small cap, large cap, international, sci tech...compound interest is key...do it now!!! Or...as a friend recently mused, you could just cap yourself in the head @60 like Hemingway. I think he is so selfish, with a child.

Dec 19, 2007, 8:38:00 PM  
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