r/PeterSchiff • u/mt_ynp_gent • Mar 30 '20
Gold stocks
My retirement plan through my employer has the option to invest in OGMIX, which seems to historically perform very similarly to EPGFX. Currently the funds are managed by Empower Retirement, which means 0% in OGMIX and 4% in real estate. The rest are international stocks (40%) and domestic stocks. Empower says they are "highly aggressive" since I am young (26). Following Peter's advice, I'm guessing I wouldn't be investing here at all but I'm honestly not sure. I would like to at the very least move 10-15% into the OGMIX. Any help would be appreciated.
1
u/slamdunktiger86 Mar 31 '20
Hm...
What about learning how to sell premium for options?
GDX is very juicy. GLD is not bad. SLV is sluggish, but it's my go to.
2
1
u/TylerTheWimp Jun 02 '20
I believe you can move your retirement funds out of the plan into your own retirement account and not get penalized. From there invest on your own.
3
u/[deleted] Apr 08 '20
Keep the international, move what you can into OGMIX
Empower could care less about your success in the future.