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Do you want a cashless society?

Do you want a cashless society?

  • Total voters
    22
JayLapointe said:
Honestly I've invested in both. I should have added that gold is just one of many things that should be in a diversified portfolio. The main point was that long term savings in the form of cash alone isn't the best idea.
Click to expand...
Shares, the ones I am interested in, also produce dividends, so I have the best of both worlds.
I am a serious dividend-hog.
I am not a gambler and invest overwhelmingly in large caps.

As someone told me decades ago, if you buy bank shares, rather than putting money in a term deposit, you get the dividends as well as capital appreciation over time.
<spoiler> It worked out very well.

I don't bother with property shares, since I own my house outright.
I have the bare minimum in cash deposits.

I bought a kilo of silver about 25 years ago, and saw it more as a doorstop curiosity.
It is worth around $A3,400 now, but for most of the time, it did virtually nothing, which didn't bother me, since, as I suggested, it was/is simply an ornament to me.
 
Jonn said:
Shares, the ones I am interested in, also produce dividends, so I have the best of both worlds.
I am a serious dividend-hog.
I am not a gambler and invest overwhelmingly in large caps.

As someone told me decades ago, if you buy bank shares, rather than putting money in a term deposit, you get the dividends as well as capital appreciation over time.
<spoiler> It worked out very well.

I don't bother with property shares, since I own my house outright.
I have the bare minimum in cash deposits.

I bought a kilo of silver about 25 years ago, and saw it more as a doorstop curiosity.
It is worth around $A3,400 now, but for most of the time, it did virtually nothing, which didn't bother me, since, as I suggested, it was/is simply an ornament to me.
Click to expand...
Apart from a couple oddities in my portfolio almost all of it are companies with dividends. And you aren't kidding about those bank stocks. I'm lucky enough that I have a good pension through work, or will when I retire. That being said while I started late into it, the last several years I've been doing my best to build my own contingency/ retirement fund. At the moment worst case scenario I have breathing room to find new employment or even go back to school. Best case, I retire as planned and by that point in time between what I've saved and what I'll get from the pension I'll actually be doing better than I am working right now.
 
I'm retired now dividends making along with pension making life comfortable. I did it you will too. My Nephew basically retired early thirties after his dad taught him about trading mining engineer whose boss saw his acumen in trading, moved him to head office to trade of his behalf mining stocks Quit went back to school top student master of engineering program, just to keep busy. University of Toronto top university in Canada. That's my family.
 
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