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I plan to redeem my mutual fund that I have been holding for 5 years and buying gold. Is this the good time to buy some gold ?
Thank you in advance
Not sure about the mutual fund part. But gold is a safe haven until recovery later this decade.
I had my mom buy a ton of gold in the middle of this year. She's been liquidating some of my Dad's property and sending it into gold, silver and aluminum. Me and my brother recommended it.
Not sure about the mutual fund part. But gold is a safe haven until recovery later this decade.
I had my mom buy a ton of gold in the middle of this year. She's been liquidating some of my Dad's property and sending it into gold, silver and aluminum. Me and my brother recommended it.
My concern is gold's price has been up since last week, should I jump in now or wait until it goes down a little ...
My concern is gold's price has been up since last week, should I jump in now or wait until it goes down a little ...
I can't be certain. But I am certain on one thing that there are dirtier and nastier news and sentiments lying ahead for the stock market. And the flight to gold and silver will be continuing.
The most important rule in any type of investing is buy low and sell high. Stocks are relativley low, and gold is at an all time high. Hmmm, what to do, what to do???
IMO, the higher gold and silver go, the riskier they get. Like the guy above said, you make money when you buy low and sell high. You will be buying gold at near record highs. Gold discussion has hit the mainstream. When that happens, it is usually a good indication that the party will not last much longer.
Do the opposite and put your money into a large cap stock with a good dividend, like Coca-Cola or Johnson & Johnson. Research secular stocks that are not affected by downturns. These stocks are boring when times are good, but when the going gets rough they are the stability that investors flock toward. Or look for a large cap that has been beaten down even though the fundamentals are sound. Ford Motor Company, which is a cyclical stock, has outstanding leadership and its turnaround continues to accelerate in the middle of a deep recession. It's a bargain at its current price.
If you feel strongly about having gold, keep your total investment below 10%. Plenty of people got in late in 1980 and lost significant portion of their investment after gold crashed. Only invest what you can afford to lose.
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