It is an illusion to think you are making money by inactivity. You are always long or short. The real difference is that the shrewd investor waits a long time between moves.
Well here again Bill you have imparted worthwhile information and a smart perspective on longterm investment, and you did it all without any demonstration of your rather prominent propensity for TDS.
You just couldn’t let a day go by without some name calling! Btw, have you gotten your DOGE check yet? How about that swift end to the war in Iran, that will end in “four to five weeks” (DJT, 3-1-26). Maybe after the Mexicans finish paying for The Wall….
As long as I have enough cash to eat and pay the bills for the next 20 years I'll sit tight and stay long Au & Ag. If JP Morgan is looking for gold at $6000 buy year end, then something big will have to happen and it won't be good for the stock market. If not, then I'll still eat and have something to pass on when I am gone. From where I started, then would be a great ending for me.
What a crock of B.S.! You counseled stay in uber safe mode and avoid all those naked beauties, like Nvidia, Tesla, and just about every tech stock that popped up in the last 5 years, while growth gains went through the roof. I am a conservative investor and don’t risk my capital any more than I can. However, ignoring these opportunities, as well as the wonderful growth in dividend stocks would have cost me lots of gains. So, I used your advice, found sprinkled rarely in your DJT rants, as a measure, but never as a bell weather. Now, you offer a lame excuse for why your advice was the correct one and my choice was wrong, comparing it to some teenager’s fantasy of judging a Miss Nude Universe contest. Thanks for nothing. I would have preferred you say something like we still think the market is at risk, but we missed the mark on some of these past winners. FYI: I respect Tom and Dan’s advice, have followed it in some extent, and welcome their contribution each week. Your’s, not so much.
They’ve always said that their strategy is a conservative one aimed at avoiding the big loss and give a rationale for it. Last year they made decent returns on what they invested in. Don’t see what your complaint is. For me the point is things went so well last year that it’s annoying to have a flat six months.
At least my brother, my wife and her father, were smart enough to buy NVIDIA after the split. Well, my father in law was already in. He used the split to buy more.
Did I buy? Oh hell no! I’m a BPR-subscriber! Max Safety Mode! Oh well. Trying hard to laugh so I can keep from crying.
Nvidia did 20% in the last year so not so great. I do agree though that they have a blind spot regarding tech as they use macroeconomic arguments not founded in an expert understanding of what’s happening on the ground.
I don't know about that, Dan. I've stayed out of the MAGS because when the collapse comes they get killed. It seems wrong now should I have been able to get in and out but I've never been able to do that. But I have been in gold and pretty damn happy with my results and sleeping rather well. Plus I'm still eating well, probably too well.
Dear Billy Bonner .. you are the sunshine to awaken to each morning down here in the antipodes where we decided to build our 'Bolthole' almost 50 years ago .. it all started with your advice in 1971 that a prudent patient man should invest in Gold + Silver which we stupidly did .. well according to the entire family, who know it all and viewed my views as radical & extreme .. so we spent the years since 1971 building businesses that sold stuff and made money .. everyone of them! and sold those business back to the parent companies who promptly destroyed them !It was a sad epitaph so finally we built our own company but then had to sell that as health& years caught up with us but still more money was earned than anyone could ever spend or use at least in those days <last millennium> but shortly after the Dot.com bust and then the GFC all logic morals ethics etc seemed to disappear across the entire spectrum of human life especially in business ! so what to do but sell up and leave it all behind as memories blown away on the winds of time and now we arise each morning to the same steady logic smattered with bits of humor and sarcasm for old guys living on the other side of the Europe we so enjoyed in our youth of the 1970's .. the human stupidity has so altered the landscape of planet Earth we hardly recognise it especially in those lovely North African countries from Morocco to Egypt and of course our once pristine homeland the entire north american continent covered in shit smoke and human excrement from sea to shining sea .. but hey those few lucky souls visiting the world cup casino's think its marvelous .. so wonderful and friendly from their limited hotel to stadium viewpoint and of course the big highways golden arches and all the for rent strip malls being used for alternative ? purposes ah well they should have seen it 50 or 100 years ago to appreciate the magnificent images they applaud today .. how can that happen that humans actually think they are better off today than we were in the 60's ? On our last visit we could not find one corner of anywhere from San Diego to Bangor that had not degenerated significantly. But hey if you never saw it before you can not tell anyone how beautiful it once was back in the day so maybe its time to move on again into the next realm of creation .. enjoy the day from hot old LA to Paris and beyond .. it was a great life waiting eh? .. but is today what we waited for ?
I don't know about you but I'm waiting for the better investment that isn't so leveraged. I'm not waiting for a perfect society. That's the game being played by big tech and the ultra rich and the politically astute and their egos vying for power over others they don't deserve. I'm still betting they don't get what they want despite all their damn efforts. I've been skiing, sailing, playing hockey, fishing and sleeping comfortably in gold. Yes I'm antsy just like most but that hasn't been profitable for me. I'm so far a believer in the sitting and waiting methodology while playing my own physical games. Plus I'm betting on America where I know my way around and love the natural surroundings.
Thanks Bill, your post had me laughing out loud this morning. While our family dog has passed away, I hope he wouldn't shun me too for following the DOW/Gold strategy.
What a welcomed article by you! This is the Bonner we used to love and occasionally still do. One of your best. Humor, points made and a discussion of the BPR philosophy all in one place. Now if I can maintain my patience and not wander in the stock market as I occasionally do. ;)
I must admit that although Bill pisses me off consistently with his TDS. I also believe there isn't that much sage advice for investing. My suspicion is that primarily investing with the greatest success goes against human nature. So maybe just sitting and waiting is the best methodology.
I remember when I first started investing in earnest, after retirement, that I could hardly wait to put in a trade, thinking seconds might make a difference. Thank God I'm over that phase.
Well here again Bill you have imparted worthwhile information and a smart perspective on longterm investment, and you did it all without any demonstration of your rather prominent propensity for TDS.
You just couldn’t let a day go by without some name calling! Btw, have you gotten your DOGE check yet? How about that swift end to the war in Iran, that will end in “four to five weeks” (DJT, 3-1-26). Maybe after the Mexicans finish paying for The Wall….
Very good Steve!
Bill wrote sober today.
At my age I can’t plan for the long term. I’ll take the fast women.
Best comment here in the last 5 years--at least!
funny
As long as I have enough cash to eat and pay the bills for the next 20 years I'll sit tight and stay long Au & Ag. If JP Morgan is looking for gold at $6000 buy year end, then something big will have to happen and it won't be good for the stock market. If not, then I'll still eat and have something to pass on when I am gone. From where I started, then would be a great ending for me.
Jim Marshall
Well said Jim. My sentiments exactly.
What a crock of B.S.! You counseled stay in uber safe mode and avoid all those naked beauties, like Nvidia, Tesla, and just about every tech stock that popped up in the last 5 years, while growth gains went through the roof. I am a conservative investor and don’t risk my capital any more than I can. However, ignoring these opportunities, as well as the wonderful growth in dividend stocks would have cost me lots of gains. So, I used your advice, found sprinkled rarely in your DJT rants, as a measure, but never as a bell weather. Now, you offer a lame excuse for why your advice was the correct one and my choice was wrong, comparing it to some teenager’s fantasy of judging a Miss Nude Universe contest. Thanks for nothing. I would have preferred you say something like we still think the market is at risk, but we missed the mark on some of these past winners. FYI: I respect Tom and Dan’s advice, have followed it in some extent, and welcome their contribution each week. Your’s, not so much.
They’ve always said that their strategy is a conservative one aimed at avoiding the big loss and give a rationale for it. Last year they made decent returns on what they invested in. Don’t see what your complaint is. For me the point is things went so well last year that it’s annoying to have a flat six months.
maybe if it wasn't called "Bonner" private research......
At least my brother, my wife and her father, were smart enough to buy NVIDIA after the split. Well, my father in law was already in. He used the split to buy more.
Did I buy? Oh hell no! I’m a BPR-subscriber! Max Safety Mode! Oh well. Trying hard to laugh so I can keep from crying.
Nvidia did 20% in the last year so not so great. I do agree though that they have a blind spot regarding tech as they use macroeconomic arguments not founded in an expert understanding of what’s happening on the ground.
I don't know about that, Dan. I've stayed out of the MAGS because when the collapse comes they get killed. It seems wrong now should I have been able to get in and out but I've never been able to do that. But I have been in gold and pretty damn happy with my results and sleeping rather well. Plus I'm still eating well, probably too well.
So true and so frustrating. Would a little toe dipping into the fast money be OK?
Dear Billy Bonner .. you are the sunshine to awaken to each morning down here in the antipodes where we decided to build our 'Bolthole' almost 50 years ago .. it all started with your advice in 1971 that a prudent patient man should invest in Gold + Silver which we stupidly did .. well according to the entire family, who know it all and viewed my views as radical & extreme .. so we spent the years since 1971 building businesses that sold stuff and made money .. everyone of them! and sold those business back to the parent companies who promptly destroyed them !It was a sad epitaph so finally we built our own company but then had to sell that as health& years caught up with us but still more money was earned than anyone could ever spend or use at least in those days <last millennium> but shortly after the Dot.com bust and then the GFC all logic morals ethics etc seemed to disappear across the entire spectrum of human life especially in business ! so what to do but sell up and leave it all behind as memories blown away on the winds of time and now we arise each morning to the same steady logic smattered with bits of humor and sarcasm for old guys living on the other side of the Europe we so enjoyed in our youth of the 1970's .. the human stupidity has so altered the landscape of planet Earth we hardly recognise it especially in those lovely North African countries from Morocco to Egypt and of course our once pristine homeland the entire north american continent covered in shit smoke and human excrement from sea to shining sea .. but hey those few lucky souls visiting the world cup casino's think its marvelous .. so wonderful and friendly from their limited hotel to stadium viewpoint and of course the big highways golden arches and all the for rent strip malls being used for alternative ? purposes ah well they should have seen it 50 or 100 years ago to appreciate the magnificent images they applaud today .. how can that happen that humans actually think they are better off today than we were in the 60's ? On our last visit we could not find one corner of anywhere from San Diego to Bangor that had not degenerated significantly. But hey if you never saw it before you can not tell anyone how beautiful it once was back in the day so maybe its time to move on again into the next realm of creation .. enjoy the day from hot old LA to Paris and beyond .. it was a great life waiting eh? .. but is today what we waited for ?
I don't know about you but I'm waiting for the better investment that isn't so leveraged. I'm not waiting for a perfect society. That's the game being played by big tech and the ultra rich and the politically astute and their egos vying for power over others they don't deserve. I'm still betting they don't get what they want despite all their damn efforts. I've been skiing, sailing, playing hockey, fishing and sleeping comfortably in gold. Yes I'm antsy just like most but that hasn't been profitable for me. I'm so far a believer in the sitting and waiting methodology while playing my own physical games. Plus I'm betting on America where I know my way around and love the natural surroundings.
Certainly there is a bit of personality to everyone's approach.
and......He's back! Now, please stay.....
You wrote "you would have approximately tripled your real wealth".
My impression is that to have the same purchasing power today, you'd need three euros for every one you had in 2000...
‘ 4-6 by my calculation. At 5 at 2026 with the calculation of a doubling of costs - inflation every 10 years. Good observation Martin.’
Thanks Bill, your post had me laughing out loud this morning. While our family dog has passed away, I hope he wouldn't shun me too for following the DOW/Gold strategy.
Bill,
What a welcomed article by you! This is the Bonner we used to love and occasionally still do. One of your best. Humor, points made and a discussion of the BPR philosophy all in one place. Now if I can maintain my patience and not wander in the stock market as I occasionally do. ;)
I must admit that although Bill pisses me off consistently with his TDS. I also believe there isn't that much sage advice for investing. My suspicion is that primarily investing with the greatest success goes against human nature. So maybe just sitting and waiting is the best methodology.
I remember when I first started investing in earnest, after retirement, that I could hardly wait to put in a trade, thinking seconds might make a difference. Thank God I'm over that phase.
"Waiting for ships that never come in" , I like that!
Nor any hasty generalisations drawn from the back of a chauffeured car today either.