⛏ Wife-changing question? 💔

Greetings Contrarian,

This is another Sunday edition, with your most pressing question. Here we go:

Dear Sleeping-on-the-couch-stockpicker,

Aaaaah, finally a wife-changing life-changing question!First, if you're actually married then it's important to recognise that, bar a well written prenup agreement, whatever is yours belongs to both of you.

Having said that, it's important to consider your whole net worth and put some focus on that in your conversations.You may count towards that: some of the equity on your home (most third parties don't, but this is your net worth, your rules), any superfluous cars / machinery, stocks, bonds (what are those?), gold and silver, cash, business interests etc., etc.

When you start looking at your whole net worth, you may realise that even when your portfolio is down, your whole net worth might be up due to other investments.

If you're dead sold on putting everything on mining stocks and having no other investments, we would advise caution and ask:

1- Would you be open to owning safer / dividend paying gold stocks like royalty/streaming or producers? If so, show your wife those dividends when they come in. Make that your "retirement fund."

2- If you've recognised your apetite for risk as towards the addicted gambler side of the spectrum, then, are you willing to lose all your money, and your relationship with it?This may seem dramatic, but you wouldn't be the first one, unfortunately. Some of this might be stemming from a realisation that you may be risking a bit much.Concentrating too much in one asset class is a sign of either complete mastery of one's craft (if you can say you know these companies like the back of your hand), or immaturity (if you think that playing X stocks within X years will be your ticket to retirement).Immature speculating shows up as: going all-in, not enough due diligence when buying, using rumours as reason to sell, never taking profits, treating wealthier investors like gods, among others.So take a step back, realise that mining is a highly difficult business with great but risky opportunities, and make it part of your worth, but not all of it.Try the concepts above, and let us know how it went!

Happy speculating (responsibly),

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational/entertainment and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.