2 years ago, I was fresh out of college. I had a lot credit card debts, stuff I needed to buy that hadn't had a chance to do in college. Even with me owing money, I was able to buy a gold onze. I told everyone, I printed out articles about how gold raises its value during uncertain economic times, I knew Bush was going to get the entire economy unstable making gold to raise it's value. I tried convincing my parents to buy gold, I tried convincing my sisters, I tried convincing my co-workers. I was so frustrated I knew what was coming, and I didn't money to buy gold. Two years later, gold doubled its value. I'm out of debt, I have money, I could invest in gold now, but I just don't see it raising it's value at this time. I tell everyone how if they had listened to me, they would've doubled their money, but that doesn't change the fact, I didn't have money back when it was a great time to invest.
And no one believed my very well researched forecast.
2006-06-19 09:08:12 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
Because you're an amateur. After you get an MBA, a CPA, and a job at a prestigious brokerage, people will PAY you for your advice. Not before.
2006-06-19 10:16:58 · answer #1 · answered by Yardbird 5 · 3⤊ 1⤋
Yeah, it sucks when that happens.
However, next time you see a good deal or great opportunity and you don't have a dime, don't let the lack of money stop you. It might sound hard, but keep thinking about it and lots of ideas will come to you.
Personally, I think gold is still a good investment, although, you're right about it being kind of high right now. If you're interested in investing your money, you might want to check out the site www.richdad.com
2006-06-19 09:19:56 · answer #2 · answered by Josefina R 2 · 0⤊ 0⤋
Are you in the business - in this case, investment counselor or advisor? That would help - also, just out of college people do know a lot of stuff but most of the rest of us people are not going to listen. What helps with that, as you have probably now figured out, is time. There is no other solution. Consistently being proven to be right and trustworthy over time will make people want to listen to what you say and follow what you advise. People will listen if you prove yourself to be 'listentoable'. Which basically translates into not too long winded and consistently right.
2006-06-19 09:49:58 · answer #3 · answered by Goodmomma1 3 · 0⤊ 0⤋
I'm sorry, what did you say? I wasn't listening.
Just kidding. Yeah, gold was a good investment a couple years ago. I made some money in a gold backed ETF.
2006-06-19 09:12:13 · answer #4 · answered by TechnoRat60 5 · 0⤊ 0⤋
I have a friend who made the same prediction, had the money to invest, and did so. Now he thinks he can predict gold prices and can't lose. He's wrong.
2006-06-19 13:50:39 · answer #5 · answered by rainfingers 4 · 0⤊ 0⤋
no experience, no background, no track record, no listen.
You had a 50/50 chance of being right. Now you're a truth seer?
2006-06-19 09:19:39 · answer #6 · answered by dredude52 6 · 0⤊ 0⤋
if no body listened to anybody then how these ups and down in gold
2006-06-19 09:49:17 · answer #7 · answered by jiggoo 2 · 0⤊ 0⤋
what's ur question????
if you'd ask a question, maybe you'd get some answers.
**next time, be a little more persuasive**
<3
ps- thanks 4 the 2 points!!!
2006-06-19 09:13:16 · answer #8 · answered by believer_920 2 · 0⤊ 0⤋
nice to know
2006-06-19 09:16:10 · answer #9 · answered by a_bug 3 · 0⤊ 0⤋
Waaaaa, so why don't you cry about it??!!
2006-06-19 09:59:06 · answer #10 · answered by The Talking Head 2 · 0⤊ 0⤋