25 yr old daughter finally getting her car accident settlement, investment advice?

[thumpar]

I used to have Vanguard. I pretty much just broke even after 5-6 years with them. The performance was poor and this was after the 2007-2008 downturn. Now I have Edward Jones with a financial advisor. I am happy with the progress she has made with my account. My sister (in the business) looked over my account and liked what I had.

 

[tpenfield]

Alright, forget the new boat idea . . .

Wait until gold & gold mining stocks reach bottom and then load up the bus.

 

[rivermouse]

Problem with having money in stocks or savings ,IRAs. 401Ks etc etc is that you will always having someone (big brother for one ) counting it and being sure you only get what is left after taxes, fees, etc etc. I am beginning to think it would be best to have some gold bars and every time you need cash just scrape off some flakes and sell them for CASH with NO questions asked.

 

[bruceb58]

I am beginning to think it would be best to have some gold bars and every time you need cash just scrape off some flakes and sell them for CASH with NO questions asked.

Of course gold has lost 1/3 of it's value in the last year and a half. Only fools buy gold.

 

[tpenfield]

Of course gold has lost 1/3 of it's value in the last year and a half. Only fools buy gold.

Those who bought over the past year-and-a-half were fooled, at some point, buying gold (or gold stocks) will become smart.

 

[bruceb58]

Those who bought over the past year and a half are fools, at some point, buying gold (or gold stocks) will become smart.

Yes, if you are lucky and select a good window. Commodities are like that. For long term investing it's a fool's game.

http://www.marketwatch.com/story/why-buffet-thinks-investing-in-gold-is-stupid-2013-04-18

 

[bassman284]

Yes, if you are lucky and select a good window. Commodities are like that. For long term investing it's a fool's game.

http://www.marketwatch.com/story/why-buffet-thinks-investing-in-gold-is-stupid-2013-04-18

I always enjoy it when the Oracle of Omaha talks about gold. (Hint for those who didn't read the link: He doesn't like it.)

 

[Tim Frank]

I actually listen to most of what he has to say....he usually is well informed and understands the subject of which he speaks.
But....when he starts off => "Gold gets dug out of the ground in Africa, or someplace" I have to wonder whether he has really done his homework.... and how much is just predetermined bias.,...

​

 

[bruceb58]

I actually listen to most of what he has to say....he usually is well informed and understands the subject of which he speaks.
But....when he starts off => "Gold gets dug out of the ground in Africa, or someplace" I have to wonder whether he has really done his homework.... and how much is just predetermined bias.,...

​

Considering that South Africa used to be the #1 producer of gold and likely was the #1 at the time he said that in 1998, he probably does know what he is talking about.

 

[thumpar]

I have never been a gold investment person. Those that do are usually the type that want it for the end of the world type thing. If that happens I think lead will be worth more.

 

[lncoop]

. Stay from a financial advisor.

Why?

 

[bruceb58]

Why?

I was thinking the same thing. Obviously, there are good ones and bad ones. That would be like saying stay away from doctors because there are some bad doctors.

 

[dingbat]

 

[aspeck]

Why?

Second that question.

As for gold and Africa, South Africa is only one of the places gold is mined in Africa. Ghana ( Formerly the Gold Coast) is another of MANY African countries that mine substantial amounts of gold.