An Uneventful Week
by JDH on January 14, 2017
This was an uneventful week, for the most part, and I am writing this on a lousy internet connection, so I will keep this brief: no change from last week.
Gold had a decent week, but I didn’t buy or sell; I held.
Here’s why: My goal this year is to maximize returns while minimizing risk. I made a lot of money on gold in the first half of 2016, and gave most of it back in the second half by being close to fully invested. That was a mistake.
So, this year, I will buy only when conditions are favorable, and sell when I have a decent profit. I have no need to be fully invested at all times, and I don’t need to wait for the exact top to sell everything.
This week, we had no extreme highs or lows, so there was no compelling reason to buy or sell, so I stayed on the sidelines.
Simple as that.
With the Trump Inauguration next week it is likely that this state of calm will not continue. If so, there could be a lot more action next week. We shall see.
Until then, we wait. See you next week.
An Uneventful Week
by JDH on January 14, 2017
This was an uneventful week, for the most part, and I am writing this on a lousy internet connection, so I will keep this brief: no change from last week.
Gold had a decent week, but I didn’t buy or sell; I held.
Here’s why: My goal this year is to maximize returns while minimizing risk. I made a lot of money on gold in the first half of 2016, and gave most of it back in the second half by being close to fully invested. That was a mistake.
So, this year, I will buy only when conditions are favorable, and sell when I have a decent profit. I have no need to be fully invested at all times, and I don’t need to wait for the exact top to sell everything.
This week, we had no extreme highs or lows, so there was no compelling reason to buy or sell, so I stayed on the sidelines.
Simple as that.
With the Trump Inauguration next week it is likely that this state of calm will not continue. If so, there could be a lot more action next week. We shall see.
Until then, we wait. See you next week.