[Investing] 2021/7/19

Tough few weeks- With gold and silver rollercoaster-

My super gold/silver miner concentrated portfolio took a 15% hit!

Yup that is what happens when you have a concentrated portfolios with junior miners-

However, I did expect a wild ride- It’s just more violent than expected.

I am below 10% cash, as I though 3-4% declines would recover in few days but I was wrong-

Still I know I can hold on for the longer term, waiting gold/silver price to rise and then gold/silver miners to rise-

So patience is the game- And thank God that I have additional funds and a job- So I can hold on-

Lesson? Always have cash and a job-

I can’t even imagine the investors or managers who have large positions in gold/silver miners….ouch-

Thank Jesus for my job and other income as well (although very small, prosper and fundrise).

Back to my portfolio, I plan to ride out silver/gold mining- I may swing trade a bit but only if the market sort of settles-

Won’t be surprised if silver/gold miners drop another 10% from here, then I will be loading up the truck. Some money

in the bank earning minimal interest will come in for sure.

So still very long silver/gold miners. I am long Hecla Mining (HL), First Majestic Silver (AG), Mag silver (MAG)-

I also have positions on housing REITs (BRG, BRT, and IRT), which are doing fine. Wish I had put more money there but

oh well- mining had better risk/reward-

Won’t panic but just ride it out-

Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.

1 Thessalonians 5: 16-18

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