Kevin O'Leary's 'Cold, Hard, Truth' on Gold Investing
Interview about gold investing, check it out!
Comments
this guy's investing advise might be misleading to many. he did not get rich from investing in securities.... he had a massive liquidity event with the sale of tlc, but grew his initial wealth through business management salaries and profitting from large sums of equality (25% owner of tlc originally) is what put him in position to make money through investment. this is how he manages his portfolio NOW and it's NOT how he attained his original wealth, so dont take this advise as if it's the fastest way to climb. this is the 12%-20% annual growth (of principal) plan...which is still pretty good.
The irony is Gold does NOTHING other than look pretty. You only make money when people are willing to pay more.
so it sounds like O'Leary is saying go 50/50 with owning physical gold and buying GLD stocks. not going 100% one way or the other. physical gold can be volatile and not as liquid, GLD's are liquid and it depends on how the company is run
damn at 10:05 sounds like he just shitted on the FX currency exchange market.
Great advice, Kevin. Never more than 5% in one place. Too bad I can't even buy one stock in most companies then :-/
pretty host
Mr. Wonderful at his best.
Invest in stocks that have a moat. Sin stocks always outperform the market. Altria has 50% of cigarette business and a 10% stake in BUD. It pays a 3.5% dividend also. People will smoke and drink regardless of the economy. And who's opening a cigarette company to compete with Altria? nobody. There's everyone's tip for the day. Oh and don't say "Well pretty soon people will stop smoking" no they won't, it's an addiction.
Got bad news for you Kevin. GLD isn't real physical gold and for that reason, I'm out.
Way to contradict yourself in the same interview O'Leary!... @2:20-2:23... 8:15-8:44 and he was so emphatic to boot, now I see why he's getting into politics... :/
Hey kevin im only 22 and apply your tactics of money management and success and my intuition is telling me within the next few years il be on my way💪🏻💪🏻🥂
She is fucking HUGE!
Come on our show Kevin. Youtube RICH TV LIVE.
This guy is an idiot
"cash cash cash cash cash... that makes me feel warm and fuzzy" :-)
I feel like a multi-millionaire just listening to his teachings
Brazil, India, China. All part of the BRICS>
He's a Keynesian. He believed that the government and banks can run the economy. Equal weights for equal measures or expect bad consequences.