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RE: TIB: Today I Bought (and Sold) - An Investors Journal #357 - Gold Mining, Marijuana

in #investing • 6 years ago

I have learned my lesson from gaining exposure in gold by way of the miners instead of the ETF and it has been painful despite the income generated from the positions. Ironic that consolidation starts now after I took the loss for tax purposes and moved into the ETF and the physical asset itself. Either way, I hold it as a hedge for the future only although a position like Yumana seems like an option itself for the long term.

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6 years ago in #investing by
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     6 years ago (edited)

    I like Yamana for a few reasons.

    1. Its operations are in Canada and Latin America - so not exposed to the craziness of labour that has become South Africa
    2. Its share price is low and the options market is liquid enough (if you are patient to sit in the middle of the spread). This makes it easy to hold the stock and a portion in options (including spreads)

    Note: I do not have to worry about capital gains as I have a massive capital loss that I am still working away. That does make my approach much more interested in capital growth and timing independent.

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