[linsomniac]

A buddy of mine is retired and managing his own investments, and he's a reasonably savvy investor. He has some guys he follows and like 2.5 years ago they were all predicting the market would crash in the next 3-6 months. We have lunch every 2-3 weeks, and we've been holding their feet to the fire, "Still hasn't crashed". (Not saying it won't, it "feels" over-hot).

I just moved my son's "kid retirement plan" (giving him matching and compounding interest, he can access it at 18) into a custodial account, and put his money into a few stocks and ETFs (including PHYS, a gold ETF). So far in the last week it has gained $140 on $940 investment. I've warned him: This is fun to see these gains, but we can't expect it to always happen, we just need to protect our gains by using stops.

I also had him pick a stock that is something he likes and thinks will go somewhere. He picked Roblox. My FIL had given me the advice to take a little bit of your money, "pocket change", and invest in something you like, to keep it fun. My first investment following that advice went from $7K to $200K, so I was a big fan of that. ;-)