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Common Sense Investing Profile picture
Common Sense Investing
@investinguab
Product Management/Scrum. Software Lifecycle Development. Financial Management Graduate. Fundamental/Value Investor.
Apr 16, 2023 • 9 tweets • 3 min read
The two biggest bull runs in #gold were in 1970-1980 & 2001-2012 and why they happened🧵 1. 1970-1980
- #Gold went from $37.38-$589.50 per oz from 1970-1980 📈up over 1500%. It hit a high in mid 1980 at $843 per oz 👀
-The US Dollar 💵 went from 120.64 to 85.82 from 1970-1979 📉
- #Gold went down over 30% in the recession of '74.
Feb 16, 2023 • 9 tweets • 3 min read
Since there have been a lot of 401(K) propaganda floating around the internet of late. I decided to create a thread 🧵 with the benefits 1. Tax-Deferred Earnings:
When you contribute a percentage of your pay to a 401(k) plan, you immediately start paying less to Uncle Sam. That's because your contribution comes out of your paycheck before income taxes are deducted. That means your taxable income is less.