GOLD

waltermoe

April 10, 2024 16:23

Gold has been doing exceptionally well in protecting against the inflation the last couple of months.

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  ltcdoty

  April 12, 2024 03:31

  

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  4205raymond

  April 12, 2024 03:37

  Gold is really not my forte so i find all your post very interesting.

  Many years ago while i was still working at West Point I had the good fortune of knowing a man that was in charge of Planned Giving at West Point. My employer the AOG at West Point and AAA (Army Athletic Association) raised the money for all the extra (cant spell that word) activities at West Point that the taxpayers did not have to pay for.

  My friend was a retired 06 and was in charge of a Sniper Co. in Vietnam. He was in the Pentathlon in the Olympics and as I recall he came in Fourth. He was the Master of the Sword at West Point ( the fellow in charge of phys ed). I always brought him a back strap and the heart from the deer that I shot in the Adirondacks. He had a special recipe for the heart. He took a liking to me, I suppose because we had similar interest. Hunting, competitive rifle shooting etc. I was surprised because he was a West Point ring knocker and I was just a lowly Grunt.

  One day he stopped in my office and told me he had something very important to talk to me about and to come to his office at lunch time. He told me that I was young and needed to have a lot of patience and to listen carefully because only I could be in charge of my finances and future. He got me interested in Vanguard No load Mutual Funds and told me which to pick. Yes, there were ups and downs but I hung in there and invested as heavy as i possibly could. I even took the money from my terminated pension plan and dumped it into Vanguard and my employer matched my IRA contribution.

  Because of this one man I saw the hand writing on the wall and slammed the door shut after all those years of being patient. I bailed, took my profits and closed all my accounts before the 08 debacle with the likes of Barney Franks, Fannie Mae and the whole mess.

  My sweetheart Diane of 59 years worked one extra year so I would have five unbroken years under her health ins. when she retired. I cancelled my plan when she picked me up. My sweetheart took a reduced annuity so that I would get a survivor annuity if she passed first. If i died first she would be 100% beneficiary and she would get it all as POD.

  Because of one man and my sweetheart Diane and a lot of patience I do not have to spend the rest of my life in poverty. ———————Ray

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