$63,760 VS. $9,300

I have two older sisters who, like most girls growing up, wanted the latest clothes. Shoes, pants, tops, socks, purses, jackets, belts, earrings, blouses… you get the idea—they both liked clothes. 

Me… not so much. 

One of the things I remember my mom always telling the girls was that the most expensive piece of clothing you buy is the one you don’t wear. 

We didn’t have a lot of money but my mom and dad did their best to make sure we had good clothes. But the framing of what was expensive always stuck with me. 

The $50 pair of jeans (think 1984 prices) was only expensive if you didn’t wear them. And the $20 pair of jeans became very expensive if you never wore them. 

Well, the same is true with investing. 

Your most expensive stock investment is the one that loses you the most money—not the one with the worst P/E ratio or the one with the lowest yield. It’s the one that hurts you the most. 

Most investors have it all wrong. They continue to buy expensive investments that sound inexpensive, or cheap, or like good value, but actually are making them poorer. I explain how this is happening in this week’s video.

I also cover the following in this week’s video:

  1. An update on gold and where it has to hold in multiple currencies, including one I almost never talk to you about (but perhaps it is the most important one.)
  2. Is the stock market really acting like it’s 1999, as many noise channels are telling us hour after hour? Or do they all have it wrong [again]?
  3. So many people are getting hurt by this that I cannot leave it alone. 
  4. How much do you want a year: $63,760 or $9,300? I’m serious. Which would you rather have? 
  5. And one final chart of Bitcoin.