Buying gold

Currently, I think it's a bad idea. 3-4 years ago woulda been a great idea. Personally, I think investing in European currency outside the Euro (mainly Scandanavian countries) is a good short term (a year) investment. I think energy is a great thing to get in to as well as big healthcare providers. I also think in about 18-24 months, maybe a little sooner, it'll be a great idea to invest in big land developers again.
 
Health care and energy. National demographics are pointing this way.
 
I have a customer who has been doing this in small amounts for about 2 years now. She told me you have to research the hell out of it and make sure you are getting real gold etc. She actually buys all her stuff from a dealer in New Orleans who has come highly recomended from many people. Don't know his name though. I personally have moved a lot of my investments to foreign investments, especially Brazillian Real's which has been very strong. After watching the headlines today from the market I would be very careful investing in Energy as it posted a very poor year so far. Im sure it depends on what area of energy you want to invest in but I would research it heavily.
 
Im a pretty conservative investor, gold has cahce especially with all the satellite radio advertising.

But really I think you could do just as well going to a casino and betting black 10 times in a row...
 
Just to bump this....

From Jul 2010 until today?

Both Silver and Gold are essentially flat (less than 5% growth).
While the Dow Jones Industrial Average is up nearly 70% over the same time frame.

And since someone will say nuh uhhh..

JUL 1 10
Silver - 18.35
Gold - 1,308
DJIA - 9,732

May 30 14 (and I realize the mrkets havent closed yet

Silver - 18.73
Gold - 1,248 (Still falling today)
DJIA - 16,694


Again if you insist on "investing in gold"...Go to Atlantic City
Play Black jack.


Hold on 16 hit on 15 and youlll have the same results at days end.
 
"Healthcare" is a big market. What exactly are you talking about? Pharma? Hospitals? Insurance? Elder care facilities?

I've done pretty well with death services. Missed a big opportunity this week with a pharma company I was looking at last Fri.... woulda doubled my money if I hadn't forgotten about them over the long weekend.
 
EdJonesJeeper said:
10,000 baby boomers are hitting the market everyday.

The average age a man dies is 78 and a woman 82.

The chance that one person of a married couple that reaches age 65 will need long term care is 2/3.


Why not invest in healthcare?
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Wake Forest Baptist Hospital laid off nearly 1k workers in the past year and is operating at a $105 million loss has 103 mil of uncollectible debt and we havent seen the long term affects of obamacare yet.
 
Reid said:
Wake Forest Baptist Hospital laid off nearly 1k workers in the past year and is operating at a $105 million loss has 103 mil of uncollectible debt and we havent seen the long term affects of obamacare yet.
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Thats one example of a Revenue producing hospital and your numbers arn't quiet right.
Lets take some zero's away;

If you made $19,000 last year (and expect to make more next year) but also racked up $552 in debt that you can take 25 years to pay off at 3.5% would you really be too worried?




Source:

"The effort that was started in 2012 to restructure and reduce costs included laying off 420 existing employees and cutting an additional 530 jobs through attrition, retirements or elimination of vacant positions.

Despite that effort, Wake Forest Baptist posted an operating loss of $55.2 million during its last fiscal year, which ended June 30 while generating $1.9 billion in revenues."



http://www.bizjournals.com/triad/ne...t-to-layoff-350-employees-as-it.html?page=all
 
operating revenue was 960 million. Operating expenses were 983 million. if that continues it wont being paying back loans, no matter the term. And the board of directors are predicting that under the current structure it will continue to operate at a loss.

the only gain they had was in investments, but after the latest reports i doubt that continues.
Given the costs of obamacare compliance i doubt this is an isolated case. Forsyth medical and Moses Cose have also been on a run of layoffs. Maybe its just this area, but i doubt it.
 
Its harder and harder for independent hospitals to remain financially viable.

Tenent, Novant, Community Healthcare and the other megagolomarates are doing to the healthcare industry what Wal Mart did to the local general store in the 1980s
 
Reid said:
Wake Forest Baptist Hospital laid off nearly 1k workers in the past year and is operating at a $105 million loss has 103 mil of uncollectible debt and we havent seen the long term affects of obamacare yet.
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Not disputing their operating deficiencies...but any idea how many they've hired in the last year??? My little bro got hired as 1 of 70 nurses in January, and his new hire orientation had over 200 people in it.
 
UTfball68 said:
Not disputing their operating deficiencies...but any idea how many they've hired in the last year??? My little bro got hired as 1 of 70 nurses in January, and his new hire orientation had over 200 people in it.
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Here is the real issue in this country in every field... Let go the ones that are wellpaid, with good benefits, hire the ones willing to work for less per hour and fewer benefits. Dad worked for a company for 42 years, 3 away from retiring and they over the last 6 years let go all there full time people to use temps to get around all the new laws and not have to pay benefits.
 
snappy said:
use temps to get around all the new laws and not have to pay benefits.
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Just to be clear: They're not "getting around" the new laws -- the new laws incentivize businesses to employ part-time labor in lieu of full-time labor. The businesses are just responding to the system that has been created for them.
 
snappy said:
Here is the real issue in this country in every field... Let go the ones that are wellpaid, with good benefits, hire the ones willing to work for less per hour and fewer benefits. Dad worked for a company for 42 years, 3 away from retiring and they over the last 6 years let go all there full time people to use temps to get around all the new laws and not have to pay benefits.
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I definitely understand that...I was the beneficiary of that 4-5 years ago (before the last big wave a year ago) for the Food Lion corporate office. You constantly saw in the news how they were letting people go...but what you didn't see was the rate at which they were rehiring. They were letting go of the 30-40 year employees with stupid salaries, with no college education...and then hiring young punks like me, with a college degree(s), at 1/3 the salary. My brother is no different in his situation...he filled a position in the renal unit, that had been let go a month and half earlier. The person let go only had a nursing associates degree, and made 25k more than they could hire my brother for, with a 4 year degree...and based on his scholarships, is bound to the state of NC for 5 years.
 
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right....as predicted WFBMC is going with the underpaid/overworked HR model. lay off 1000, hire 70....and pay them less.
 
Reid said:
right....as predicted WFBMC is going with the underpaid/overworked HR model. lay off 1000, hire 70....and pay them less.
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Well keep in mind, that was just 70 nurses, there were 200 new hires. Quarterly new hire meeting at 2-300 per orientation...means 1000 fired, 1000 hired over the course of the year.
 
UTfball68 said:
Well keep in mind, that was just 70 nurses, there were 200 new hires. Quarterly new hire meeting at 2-300 per orientation...means 1000 fired, 1000 hired over the course of the year.
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good point.
 
http://wfdd.org/post/another-round-job-cuts-wake-forest-baptist-medical-center

the november lay off round let go of 420 employees and eliminated 530 positions. At roughly a thousand lay offs, and a 1-2 rehire rate that is a considerable amount of unfilled positions. Then, The terminology used in this months round was "eliminated positions" which i will assume is again a no re hire, or position left vacant. which pulls the number up to about 900. So of the 1500ish lay offs only 420 positions were rehire positions.

as for your brother, nursing or patient contact positions are at this point, unaffected.
 
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