The Long Term Investor

Discussion in 'Investing' started by WXYZ, Oct 2, 2018.

  1. WXYZ

    WXYZ Well-Known Member

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  2. WXYZ

    WXYZ Well-Known Member

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    YEAH RIGHT......what MORON is going to trust China to hold their gold reserves?

    Gold Hits Fresh Record as Traders Weigh China Reserves, Fed Cuts

    https://finance.yahoo.com/news/gold-reaches-fresh-record-rate-235705197.html

    "Gold climbed to a fresh record, with traders weighing China’s plan to become a custodian of foreign sovereign gold reserves in a bid to strengthen its standing in the global bullion market."
     
  3. WXYZ

    WXYZ Well-Known Member

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    I got an early start on some posting today since I have to leave about 10:00 to head out to a noon board meeting. I am one of the board of directors for a state-wide art organization. My second board position. My other board position is as a board member for the family oil and gas......mineral rights corporation.

    As to the family corp....right now we are in the middle of a voting process to decide whether or not to liquidate all corporate assets and dissolve the corporation. We have a special meeting on this issue set for the first week of October and are in the process of taking shareholder votes by proxy on this issue right now.

    The current vote count.....255 votes YES......ZERO votes NO. There are still 45 votes outstanding...we expect most....if not all.....of them will come in as YES votes. A successful vote only requires a majority which would be 151 YES votes. There are 300 shares total and each shareholders get one vote per share.

    When the corporation was set up by my mom and her four siblings in the early 1960's.....each sibling got 60 shares. My sister and I own our families 60 shares now.....20% of the company.
     
  4. WXYZ

    WXYZ Well-Known Member

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  5. WXYZ

    WXYZ Well-Known Member

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    I dont normally post stuff about or from Cramer....but when it comes to long term investing versus trading....here you go.

    As Apple and Nvidia soar, Jim Cramer makes the case for owning individual stocks

    https://www.cnbc.com/2025/09/22/as-...jim-cramer-says-to-own-individual-stocks.html

    (BOLD is my opinion OR what I consider important content)

    "Key Points
    • CNBC’s Jim Cramer opined on two of his favorite long-term holdings, Apple and Nvidia.
    • He suggested their continued success shows that it’s worthwhile to stick with good-quality stocks.
    • “As Nvidia and Apple proved once again today, individual stocks are where the biggest money is,” he said.

    CNBC’s Jim Cramer opined on two of his favorite long-term holdings — Apple
    and Nvidia— and suggested their continued success shows that it’s worthwhile to stick with good-quality growth stocks instead of trading in and out of them.

    As Nvidia and Apple proved once again today, individual stocks are where the biggest money is,” he said. “Provided you’ve got the fortitude to stick around and you aren’t addicted to buying high and selling low – the ultimate result of endless trading.”

    The indexes ripped higher on Monday to close at record highs, with the Dow Jones Industrial Average climbing 0.14%, the S&P 500 gaining 0.44% and the Nasdaq Composite adding 0.70%. Nvidia led stocks higher after the semiconductor giant revealed it would invest up to $100 billion in OpenAI as part of the data center buildout. Investors celebrated the commitment as a good sign about the future of artificial intelligence. Apple stock also saw gains on Monday after the launch of the newest line of iPhones, and analysts indicated that demand is strong.

    Nvidia hit a new 52-week high to finish up 3.93%, while Apple closed up 4.31%.

    Cramer suggested some investors had been feeling pessimistic about Apple, worried about the originality of the iPhone 17, how tariffs might impact sales, demand for products in China, as well as the company’s AI strategy. Cramer said it seems each of these fears “is proving to be untrue” so far, sharing his long-held belief in the uniqueness of the company and its technology. Cramer also referenced Monday comments from outgoing T-Mobile

    CEO Mike Sievert, who said his company’s iPhone sales are at “all-time record highs.

    Nvidia, too, had been surrounded with negative sentiments, Cramer continued, especially about its business in China as tensions between the country and the U.S. intensify. He highlighted Nvidia’s huge deal with OpenAI, saying he thinks the investment will pay off for the company.

    It’s incredibly difficult to make money in any market if all you’re going to do is trade,” Cramer said.

    Nvidia declined to comment. Apple did not immediately respond to request for comment."

    MY COMMENT

    The age old question.....I can see Clint Eastwood asking......."are you an investor or a trader".
     
  6. WXYZ

    WXYZ Well-Known Member

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    NOW.....we wait for the reality of the open.....and endure the rest of the day.
     
  7. WXYZ

    WXYZ Well-Known Member

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    BIG WOW.....sliver up to $44.37. Gold is at a new high of $3818.

    I love to see my hoard of shiny metal going up in value. But the reality is....it just sits there in a big safe.....off site.....and is still just lumps of metal. My hoard is at about $110,000 right now....an all time high.
     

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