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<blockquote data-quote="dennishoddy" data-source="post: 4315495" data-attributes="member: 5412"><p>My 401K invested for me since its inception in 1980 I think it was. During the late 80's and 90's, the company paid for any stock transfers or transactions within the plan. It didn't take much to watch the market and see the stocks ebb and then grow, then fall once again sometimes on a cycle. Then one just had to get online and see when the company execs which cannot trade without announcing when and how much they are going to trade and follow their pattern.</p><p>Day trading became my obsession for ten years or so, taking a few hits, but in the end when one gets a big nest egg, and is diversified, the storms can be weathered. </p><p>With compounded interest, money hasn't been much of an issue in our retirement using the stock market to get growth. </p><p></p><p>[ATTACH=full]504142[/ATTACH]</p><p></p><p>Historically stocks and bonds always overcome the dips in value and continue to grow.</p><p>I haven't followed this thread in its entirety and own a little silver but always wondered how I'm going to use it if SHTF.</p><p>If I need a loaf of bread, do I bite off a piece of gold or silver and give it to a merchant and expect change if I bit off too much?</p><p>I'm not trying to belittle or diminish anybody that is into precious metals, but I can't figure out why I need any.</p><p>Sure, it grows in value. I get that, but how does one turn that value into a loaf of bread as an example only.</p><p>There is a huge presence of gold and silver dealers on TV saying it's a hedge against inflation. As much money as they spend on those TV ads, it has to be them making the money from investors.</p><p>If the investors wish to cash out, don't they get the inflated price of the currency in exchange?</p><p>How is that a hedge against inflation?</p><p>I'll admit I'm not up to snuff on metals, and these have been my questions for a long time.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 4315495, member: 5412"] My 401K invested for me since its inception in 1980 I think it was. During the late 80's and 90's, the company paid for any stock transfers or transactions within the plan. It didn't take much to watch the market and see the stocks ebb and then grow, then fall once again sometimes on a cycle. Then one just had to get online and see when the company execs which cannot trade without announcing when and how much they are going to trade and follow their pattern. Day trading became my obsession for ten years or so, taking a few hits, but in the end when one gets a big nest egg, and is diversified, the storms can be weathered. With compounded interest, money hasn't been much of an issue in our retirement using the stock market to get growth. [ATTACH type="full" alt="1724213235532.png"]504142[/ATTACH] Historically stocks and bonds always overcome the dips in value and continue to grow. I haven't followed this thread in its entirety and own a little silver but always wondered how I'm going to use it if SHTF. If I need a loaf of bread, do I bite off a piece of gold or silver and give it to a merchant and expect change if I bit off too much? I'm not trying to belittle or diminish anybody that is into precious metals, but I can't figure out why I need any. Sure, it grows in value. I get that, but how does one turn that value into a loaf of bread as an example only. There is a huge presence of gold and silver dealers on TV saying it's a hedge against inflation. As much money as they spend on those TV ads, it has to be them making the money from investors. If the investors wish to cash out, don't they get the inflated price of the currency in exchange? How is that a hedge against inflation? I'll admit I'm not up to snuff on metals, and these have been my questions for a long time. [/QUOTE]
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