Loading ...IS EVERYBODY HAPPY ?
Early this week I ranted that PM Stocks SUCK and I would never touch them again and of you were still holding you were an idiot
The Cretins hang on my every word as you know …they watch me like a Hawk…Boomer can attest
In the last 3 trading days PM stock indices are all up ~ 20%
Whenever I capitulate and sell ….You can be sure ….THE BOTTOMZ INN
………..YOU’RE WELCOME………
Not the people who got scared out after the smash.
Fully you are so emotional. Next time you feel that urge to sell lie down for a few min until it goes away…. It’s a bull market you know
In response to “Is everybody happy?” The following may be a problem for many here that has not been considered especially for the younger crowd.
Fully, I have been fully invested in PM stocks since the Fall of 2023. Before that I had a mix of dividend paying Banks, insurers, utilities and of course junior and producing miners. It worked well and produced above average returns for many years even with the volatility of the miners. All was well and I applied tax planning by taking early withdrawals from our RRSPs so we can avoid a higher tax bracket when we switch to a RRIF at age 71 and be forced to withdraw a certain amount. Then came the past 6 months or so with the outsized PM gains and my RRSP withdrawal plan has been messed up. I was attempting to keep withdrawing from the RRSPs so the balance declined and my tax bracket would be lower beyond 71. Now I will need to withdraw more each year until 71 to keep the balance down. Not complaining but tax planning during a PM bull run takes projections both conservative and aggressive. I realize that in the end the Tax man always gets his cut but they are ways to keep ones tax in a lower bracket with planning. Planning changes quarterly if the Bull Run pans out over the next few years.