Re: WSOP Windfall... What is a boy to do?!?!
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All good recommendations in this thread so far except for real estate. Imo I would put some of your cash into gold right now in order to diversify the risk of the dropping dollar and economic slowdown.
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Buying gold makes absolutely no sense for Jurollo here. Historically, gold has very poor returns (look at what it returned in the past 50 years compared to the sp500), and it has very high fluctuations in the medium term. So basically, low EV and high variance.
Therefore, only reason to own it would be to: 1. speculate, and 2. to hedge. Jurollo isn't interested in pure speculation (or he'd be buying individual stocks), and hedging doesn't really make sense either. Why buy gold to hedge against a falling dollar? It would make more sense to buy euro / yen to do that. And why buy gold to hedge against an economic slowdown? If you meant a domestic economic slowdown, it would be better to buy eurostoxx or something to hedge against that; if you meant worldwide, it would be better to short the sp500 to do that.
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