If you had R10 000 to invest

Crystal Jack Wrote:

>
> Mac can you maybe alter your question to it being,
> "If you had R10000 to invest in what will it be?"
>
> I'm not really fond of the stock exchange and
> rather prefer property < and an equity called
> gold (tu)

I thought you might appreciate this article from Bill Bonner

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The Battered Goldbug Hotline

by Bill Bonner
Daily Reckoning


Our first call came in this morning:

“Is this the Battered Goldbug Hotline?”

“Yes…you’ve come to the right place.”

“Thanks…I need help. I’ve been battered by the nasty gold market.”

“You poor thing…go ahead…spill it out…here at BGH, we’re ready to help.”

“Well, I bought gold about 5 years ago. It was at $700. Then, it went up every year…year after year. I made a lot more money than all my friends. My stupid brother-in-law bought the banking sector instead. What an idiot.”

“Go on…”

“Well, the price went up and up…and I thought it was going to hit $2,500. I mean, it would have to get to $2,500 just to equal the rise in the ’70s. And we all know that things are much worse than they were then. But instead…sniff, sniff…it fell! I couldn’t believe it. And when I checked yesterday, it was down to just $1,616. And maybe it will head down now…and keep going down. I feel very battered. What can I do?”

“Wait a minute…haven’t you more than doubled your money, from $700 to $1,600. What’s wrong with a 100% gain?”

“Well, nothing, but I thought it was going to $2,500.”

“What would you have done if it had hit $2,500?”

“Well, I guess I would have waited for it to go up some more. I would have held onto it. I’m a long-term investor.”

“But you’re holding onto to now, right?”

“Well, now I don’t know. It looks like it might be going down.”

“You mean, you would hold at $2,500 but sell at $1,600?”

“Well, yes…”

“Then, do me a favor. Call your brother-in-law. Tell him he’s talking to a moron. You’re supposed to sell high, and buy low…not the other way around. Click.”

And you, dear reader, do you have a question about gold? Would you like some advice? Do you feel battered? Just call our Battered Goldbug Hotline. Another helpful service brought to you by The Daily Reckoning. (Calls will be billed at $1 a second…and we will put you on hold while we read the newspaper. Check your personal horoscope. And have a glass of wine.)

[hr]

hibernia Wrote:

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> Frankel next weekend 33% roi


Would love to, but my request for a mandate to invest in Frankel has been denied by widows and orphans..

gregbucks Wrote:

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> Titch Wrote:
>

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>

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> > TAB
>
> You do that already Titch, except without a
> return...<

'
BULLDUST GREG ! he may be a pint-sized fella - but Titch only drinks 'quarts' ..... there must be at least a R1 return per bottle there mate !<

Take your R10k mate and lay every Odds On Favourite at R1000 a time, your R10k will go through the roof in no time:)-D

This is what the respective clansmen's values would be today if they had invested R10,000 on 7 Oct 2011 :

Clansman, Investment, Value today (R)

wonbyamile Aspen Phamacare R42,773

filly Capitec R28,337

shrek SAB R23,572

Guest SAB R23,572

Dave Scott Standard Bank R17,420

Marc Lingard MTN R16,514

Sabre MTN R16,514

Element MTN R16,514

Bob Brogan "Frankel next weekend 33% roi" R15,700 Compounded CPI 111.2 from 94.2

Dalakhani Phumelela R15,455

Oscar Black Caviar @ 1/8 R13,055 Compounded CPI 111.2 from 94.2

Phil Sasol R12,149

Crystal Jack Gold R10,357

Homer Jet Master R0 Assumed no service, died Nov 2011

rolands song Rainbow Chickens suspended

Ship's Gossip "Every odds-on" -R (infinity)!

Titch TAB ?

Sylvester "A horse at summerhill RTR" ? Not declared

We backed the right dogs that weekend

LOL

Sadly you'd do your money'cos he is dead!!

Put in on Charles Lytton running today. Ask for 4/10. Say Please and don't forget to say thank you.