haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We can't really blame the Saudis for the crashes in copper and zinc, or iron ore, or natural gas, or fertilizers or many other formerly high priced commodities. If we need someone to blame, I guess those formerly world beating Chinese might do.
If you are getting tired of losing money in oil and gas, you could do as I did and diversify into base metal and fertilizer miners. You'll lose just as much, but at least you'll be diversified.
I keep reciting-it's not different this time- but a deep thought sometimes intrudes, "Say Ha, did God promise you this?" Unfortunately no, it's just the way I think. I tend to think that all things are at base cyclical. But giant changes do happen very occasionally.
On a personal "retired guy who likes his life level", I did have the sense or luck to really lighten up on commodity companies in late 2013 and early 2014, but I left enough committed for the exposure to be very meaningful. And I have re-invested some but only some of this money. I have also high-graded the O&G portfolio by trading some perhaps questionable survivors for more secure issues which have been similarly price damaged by the crash. But I can say that I likely won't be buying a Mercedes or giving my Honey a diamond bracelet this Valentine's Day. For the first time in my life, my equity exposure is less than 50%-partly from earlier sales, but also partly from price erosion. However I still believe that the best way out is the way through.
Ha
If you are getting tired of losing money in oil and gas, you could do as I did and diversify into base metal and fertilizer miners. You'll lose just as much, but at least you'll be diversified.
I keep reciting-it's not different this time- but a deep thought sometimes intrudes, "Say Ha, did God promise you this?" Unfortunately no, it's just the way I think. I tend to think that all things are at base cyclical. But giant changes do happen very occasionally.
On a personal "retired guy who likes his life level", I did have the sense or luck to really lighten up on commodity companies in late 2013 and early 2014, but I left enough committed for the exposure to be very meaningful. And I have re-invested some but only some of this money. I have also high-graded the O&G portfolio by trading some perhaps questionable survivors for more secure issues which have been similarly price damaged by the crash. But I can say that I likely won't be buying a Mercedes or giving my Honey a diamond bracelet this Valentine's Day. For the first time in my life, my equity exposure is less than 50%-partly from earlier sales, but also partly from price erosion. However I still believe that the best way out is the way through.
Ha
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