Loading ...I have a problem with the name Day. I hired a broker in the late 1990/s with that last name but to be clear I am NOT talking about Adrian. I gave that broker 400K in a discretionary account when he said they strive to return 50% per year. Well, turns out it took him 2 years and when I ask for my money back he sent me back 200K, 50% of what I had given to him. Not very funny at the time but when I started legal proceedings against him he “gave up the ghost”…literally…..and died! I still knew where I would find him but I decided not to chase him. Waaay too hot down there for me! LOL!!!
Anyway, I picked up the pieces that were left, put 1/2 into Silver and gold phiz at $5.50 and $320, opened my own trading account with ETrade, invested 70K into 108 different silver and gold miners and explorers but did almost no trading, and just after the 2008 top took out 16.5X my total original investment. I would have done better but I was investing for my mother and my inlaws too so took them out first with good profits because the PM’s were falling fast; then began unloading my own 108 PM stocks.
I wish that was the end of the story but I still had to settle with both the IRS and CRA. Turns out being a dual citizen has its disadvantages. Even though you can make 100K regular income before you are double taxed by the IRS, Capitol Gains is not considered regular income so it does not qualify for that 100K exemption, so I got dinged twice on all my profits….but still been living debt free on OPM now for many years.
You know how you know some things but you can’t explain how you know them? Well, that’s how I know about ETF’s. I’ve done my own DD and I know it is/they are the empty bags that even the US GOV/Fed is now buying to try t make it appear they are solvent….but they’re buying nothing but empty bags of air called ETF’s that will de-list on queue when the time is right….and that time IMO is in the next few months, so all the empty bag ETF holders are gonna get their heads handed to them when TSHTF! All IMO and DYODD!