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I'm a newbie, starting out investing 2 months ago. VGPMX (Vanguard Precious Metals and Mining Inv) is down almost 40%. Any thoughts? Is it time to buy? This one I am looking to hold for the short-term though and it'll be in my taxable account.
I'm a newbie, starting out investing 2 months ago. VGPMX (Vanguard Precious Metals and Mining Inv) is down almost 40%. Any thoughts? Is it time to buy? This one I am looking to hold for the short-term though and it'll be in my taxable account.
Anyone's guess when metals and other commodities will have another strong run-up like in 2007-early 2008, but I wouldn't bet on it in the short term, maybe 2-5 years out.
Meanwhile the yield on this one appears to be around 3.75%. I know a comparable ETF, BCF, that yields about twice as much because of covered call selling, offsetting the erosion of NAV as commodities, especially metals, have languished.
But, again, as mathjack always says, every investment has its day in the sun, so worth holding a small percentage of one's overall portfolio in metals/mining, though I do not expect a spike in the short term, I don't see any global economic catalysts.
You know, with the advancement of technology, industry, or at least certain ones, seem to be able to add more and more value with fewer and fewer physical inputs.
I'm a newbie, starting out investing 2 months ago. VGPMX (Vanguard Precious Metals and Mining Inv) is down almost 40%. Any thoughts? Is it time to buy? This one I am looking to hold for the short-term though and it'll be in my taxable account.
Precious metals funds are extremely unpredictable and extremely volatile. I would NOT buy this expecting to hold it a short time period. IMO, these funds are best held as a small portion of one's overall portfolio, 10% at most, and probably better at ~4% to 5%.
No on VGPMX for starting out. Far too volatile. That fund is best held well after you have a much more comprehensive portfolio. A better start would be Vanguard Total Stock Market Index Fund.
By short term, I meant relatively short term compared to my retirement portfolio for which I adhere to the buy and hold philosophy. VGPMX is not an investment for me, just some speculation. So I do not intend to hold it and rebalance into it. That being said, it is a very small part of my portfolio, funded with "play money". Let's see how this goes
By short term, I meant relatively short term compared to my retirement portfolio for which I adhere to the buy and hold philosophy. VGPMX is not an investment for me, just some speculation. So I do not intend to hold it and rebalance into it. That being said, it is a very small part of my portfolio, funded with "play money". Let's see how this goes
Ok, if it's just play money and you can afford to lose it, then go for it.
Other than the companies selling gold (Fox News advertisers), is there any reputable expert recommending getting into precious metals/mining nowadays? Even Fox advertisers seemed to have gone in a hole after years and years of telling you that the country was going to hell in a hand basket and gold was an important commodity.
Be smart and dollar-cost avg into something less volatile - and something with a low expense ratio.
I agree with all of You. I just wonder for myself some companies will have to use silver or gold for production? So why that is not related when there is a much more production today and silver and gold are down.
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