Gold or Stocks??
GOLD - is now the time to buy.
Investments
With world markets in turmoil and the stock exchange a risky venture Gold is looking better and better as a investment.
When Gold per ounce began stabilizing at close to $1100 many investors sold making great profits on their holdings,this sell off and other factors dropped the price to $830 the investors who sold off their stock at close to $1100 are buying back in at $830 with price per ounce now at over $860 they are already in profit.
Gold is not something that can disappear like a stock portfolio it is physical property,no matter what the market direction it will remain a viable investment.
The US banks are in free fall and its not over yet how safe are your funds,housing was one of the best choices in long term investment and yet thousands of houses are been repossessed every week.
While I was scoffing down my subway I was reading about Balanced Momentum Funds BMF
This is a interesting concept for a medium to long term investment and this is how it works.
You buy stocks (which at this time is risky)
So what you do is every month you buy the same amount of shares whether you are in the money or not,now if the value goes down the price of the shares go down so with the same monthly investment you can buy more shares,now as always happens the stock direction will change and when your portfolio is back in the green you now have a much larger number of shares that you have bought at the bottom of the market (cheaper) by investing this way a short term loss can work in your favor allowing you to increase your stock at low cost and having a lot more shares to sell when it goes into profit.
Not Bad aye!!
To Qualify you need patience,steady nerve and spare cash.
Have a look under your mattress if there are rolls of bills lying dormant put it to good use or if your like me you can save up for a ice cream and let the financial world speed by.
- 19 Nov, 2015