Quote from: JOE on March 06, 2024, 01:28:27 AMWell Prowler, I've known people who've lost all of their savings on the Stock Market or similar speculative ventures.

You seem to know a lot of losers, Senile Joe.

Are you in the same club?

Quote from: JOE on March 06, 2024, 01:28:27 AMOne guy I know lost $100,000 of his own money betting on Nortel Stock (which is no longer around) and he had to sell hot dogs for a living. He was actually in the Vancouver Sun and Province newspapers and his story was displayed for the public to see. So that isn't PI.

Oh...."One guy I know" is not PI.

Phew, that was a close one!!!

Quote from: JOE on March 06, 2024, 01:28:27 AMAnother told me he lost $750,000 betting on currency futures speculation that the US dollar would go down, but it went up and he lost everything. He ended up having to moving in with his parents and he had to resort to being a used car salesman.

Another person in your club?

Quote from: JOE on March 06, 2024, 01:28:27 AMQuite a few people told me they lost all or a large part of their savings when the 2008 Financial crisis hit. Some never even lived long enough to see the markets come back 10 years later.

so, whether you like to admit it or not, investing in the stock market is a gamble.

And when someone smarter, more monied, better educated nad more experienced like Ray Dalio, Warren Buffet or Charlie Munger says it is, then there must an element of truth to it.

Historically, it has always done well in the long term.

Nobody should put all their eggs in one basket, Senile Joe.  Nobody ever suggested that.

Quote from: JOE on March 06, 2024, 01:28:27 AMI think you just talk out of your ass, Prowler.

No, that is poop.

I am pooping on you.

Quote from: JOE on March 06, 2024, 01:28:27 AMAnd all those people at BF think you're a joke now.

I watch them.  I see how they react to things I say.

They are jealous, Senile Joe.

It is sad.

But very entertaining.

Quote from: JOE on March 06, 2024, 01:28:27 AMYou have no credibility because you never/rarely source your claims or back up your statements.

What a stupid thing to say.

Fat Lily was just begging for proof that I performed for some paid gigs and I posted some proof and she then went on her little "You are dancing for me!" lame schtick.

FYI, it is eating her alive that I posted proof.  Just like every other time...it kills them.

I have you people desperate to show that I am lying.  You are so emotionally invested.  So worried that what I say is true.

And guess what Senile Joe?  It is all true.  All of it.

And when I want, I will reveal the proof that terrifies you so much.  It is here.  I have it.  I have all of it.

But you know what makes a good horror story GREAT?

Suspense, Senile Joe.

Suspense.

Wait.

For.

It.

Quote from: TheProwler on March 06, 2024, 12:58:11 AMWell that is a stupid opinion.

In a casino, the odds are against you.

In the stock market, the odds are for you.


Yeah, his latest Rant of Stupidity is a product of his short term thinking.

It's all lies anyway.

Quote from: TheProwler on March 06, 2024, 02:01:01 AMHistorically, it has always done well in the long term.

Nobody should put all their eggs in one basket, Senile Joe.  Nobody ever suggested that.

....but you've negated to mention timing.

That's a very important part of investing and knowing when to invest & knowing when to pull out.

But that's just like a gambler at a poker table. And just like gambling the stock market runs on the principles of probability and chance.

"Know when to hold em, know when to fold 'em."


While others may think otherwise, I'd rather not invest in the markets at the moment. Maybe they're right & maybe I'm wrong.

However after reading reports and economic data, I don't think it's the right time. But that's just my opinion.

People told me last year that gold was a poor buy and would not go up. However in this case they were wrong and I was right. I based that decision on economic data in order to make the most rational decision I thought possible.

At the same time I'm also quite aware that gold is a volatile commodity. It can swing either way and I am prepared to take that risk. But worst case scenario is it won't crash absolutely. It will always be worth something and can be redeemed for cash. There will always be a buyer for it.

As I indicated I don't really view gold as an investment. It's a hedge against uncertainty which we are living through right now. One of these variables is currency devaluation which is a possibility if for instance the Canadian dollar falls in value.

In which case what is better to own? Gold or the Canadian dollar? Our dollar has fallen sharply in the past so it could happen again.

QuoteIn a casino, the odds are against you.

In the stock market, the odds are for you.

.....both run on the same principle that there are more losers than winners.

Just like the casino that's why the stock markets remain in business.

They have to because if everybody won all of the time and made money their handlers wouldn't win.

Meanwhile, josephine previously stated he bought shitloads of collector coins for way the fuk over what spot would be..... josephine lies.

Quote from: Lokmar on March 06, 2024, 08:34:19 AMMeanwhile, josephine previously stated he bought shitloads of collector coins for way the fuk over what spot would be..... josephine lies.

Yeah I did buy some collector coins over spot value Lokmeer!

But some are also considered very rare & sought after by collectors around the world. 250 known specimens or less.

Some of them are so rare that they come up for sale once every 5-10 years.

Actually Lokmeer I missed a chance to buy a few and now I'm kicking myself for losing my nerve. 1909 Canada gold sovereign ms61. 1881 Newfoundland $2 gold ms61. They were both good buys at great prices.

"I shoulda woulda coulda!"

Have you ever had that experience Lokmeer?

Fuck its agonizing!

When you miss some of those buys ya may never see them again and that is painful.

I scored a few winners but I certainly missed out on other deals I tell ya.

I haven't bought many collector coins lately Lokmeer.

But if I do from now itll be only if they are a deal. Like 1/2 price?

Dealers usu dont pay more than 50% of the book value. Collectors are also looking for deals too. So there's little point paying way over asking if they have to be sold one day.

I like antique Canadian and 19th century American coins actually.

Maybe if there's a downturn there'll be some good deals way below asking eh?

I also bought some collector American comic books as well which I admit were an extravagance.

Zap comix #0, 1, 2 1st printings eh?

Those are very rare. Maybe 500 printed of each issue?

The Mighty Thor #1. Fewer than 1200 copies known to exist.

If the SHTF guess I'll jes hang on to em. Even during hard times people need some form of entertainment eh.

Quote from: JOE on March 06, 2024, 11:27:20 AMYeah I did buy some collector coins over spot value Lokmeer!

But some are also considered very rare & sought after by collectors around the world. 250 known specimens or less.

Some of them are so rare that they come up for sale once every 5-10 years.

Actually Lokmeer I missed a chance to buy a few and now I'm kicking myself for losing my nerve. 1909 Canada gold sovereign ms61. 1881 Newfoundland $2 gold ms61. They were both good buys at great prices.

"I shoulda woulda coulda!"

Have you ever had that experience Lokmeer?

Fuck its agonizing!

When you miss some of those buys ya may never see them again and that is painful.

I scored a few winners but I certainly missed out on other deals I tell ya.

I got rid of almost all the collector coins I had. I only have some Constitutional Silver and Silver Eagles.

Quote from: Lokmar on March 06, 2024, 09:21:41 PMI got rid of almost all the collector coins I had. I only have some Constitutional Silver and Silver Eagles.

I like some of those antique American coins from 1820-1860 from pre-industrial America.

Quote from: TheProwler on March 06, 2024, 02:01:01 AMYou seem to know a lot of losers, Senile Joe.

...is this guy a loser too Prowler?


He nearly went bankrupt Prowler.

But now he is a billionaire.

Quote from: Lokmar on March 06, 2024, 09:21:41 PMI got rid of almost all the collector coins I had. I only have some Constitutional Silver and Silver Eagles.

Joe should be paying you some of his imaginary gold as a fee for replying to his bullshit.

Quote from: Herman on March 06, 2024, 10:16:10 PMJoe should be paying you some of his imaginary gold as a fee for replying to his bullshit.

I'm gonna buy more gold soon, Herm.

Quote from: JOE on March 06, 2024, 07:30:35 AMIn which case what is better to own? Gold or the Canadian dollar? Our dollar has fallen sharply in the past so it could happen again.

Do you think that when you own shares of a company, you only own money?


Fuck, you are so stupid it is ridiculous.

Quote from: JOE on March 06, 2024, 07:44:28 AM.....both run on the same principle that there are more losers than winners.

Just like the casino that's why the stock markets remain in business.

They have to because if everybody won all of the time and made money their handlers wouldn't win.

Senile JOEJ, that has to be one of the dumbest, most uninformed thing I have ever read.

You are an absolute retard.

Retard Joe, when you buy stock in a company and that company makes a profit (you know, like by charging their customers for their goods and services), that profit is shared with the shareholders.  The stock market is not a closed system with no external input of profit.  How fuckin' stupid are you?

Honestly, at this point you have just shown yourself to be so incredibly uninformed that the only possibility is that you are really fuckin' dumb.

I cannot help you grow a brain, you retarded cunt, so I guess you are just going to have to remain incredibly stupid.

Unbelievable.