I have a girl who's almost a year old. During the next years I would buy her gold from time to time. But I want to know what would be the best way? Whent to buy? Sell? And how to manage gold investment?
2006-08-26 02:59:46 · 5 answers · asked by Investor 5 in Business & Finance ➔ Investing
Well unfortunately you have two bots or something like that answering your questions, plus one stupid answer so far, so I shall try to be helpful..
Gold, less so than silver [IMHO], and PGM [platinum group metals], and perhaps copper, offer potential for gain. Energy also has great potential. If you live in Canada, start an RESP for your child. If in the USA, start a Roth IRA.
Actual commodities are available thru ETF's. I DO NOT ADVISE buying only ONE.
Learning Where and WHEN to sell, is the key.
Gold is best bought when everyone is feeling good and ok.
Sell it when everyone is scared. Be greedy when everyone is scared, and scared when everyone is greedy.
From a rule driven point of view, you need both diversity and balance. If one Roth IRA [you can have as many as you want, limited by total contributions however] is to be resource driven, probably buy ETFs in the energy field right after crude, natural gas or gasoline prices have dropped, lacking any better indicator. Buy gold or metal before elections when the Govts are trying to make people feel good. Sell them [at least in part] in times of International crises.
In your "resource driven" Roth IRA, include miners and or ETF's including, energy, silver, copper, and say, potash fertilzers [ethanol & bio-diesel plays].
If you engage a Roth IRA in a conventional type portfolio, include a health/food stock, a utility, an energy trust, a natural resouce company [minerals], and an insurance or financial stock.
Before you make the final selection of stocks, run them thru some filters based on KEY STATISTIC ratios found in Yahoo Finance.
If you wish more info, please check my previous answers and they will outline some other ideas.
Good Luck taking care of your daughter.
You can mail me thru answers if you need more help.
2006-08-27 16:12:39 · answer #1 · answered by denaliguide2 3 · 0⤊ 0⤋
This is actually an excellent question. So many times we see/hear specific questions and there will be an answer to that specific question but it isn't often we see someone asking for an actual guideline. A metal investment club known as Regal Assets Club has realistic advice from both investors who practice investing in gold and silver as well as enthusiasts. They put together a "ten point system" to guide you when investing in gold firm for Gold IRA's, Gold 401K's etc. One thing is to make certain they are using premium grade gold such as LBMA Suisse and are actually converting your dollars to it at every turn. see Here: http://www.regalassets.club/uncategorized/regal-assets-converts-gold/
To See Their Ten Point Checklist BEFORE Investing:
http://www.regalassets.club/choosing-a-gold-investment-firm/
2014-08-24 22:05:37 · answer #2 · answered by happyperson 1 · 0⤊ 0⤋
Hi, i know what your question means. i also think stock market is a nice place for investing.
I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.
http://www.bernanke.cn/stock-trade/
Best Wishes && Good Luck!
2006-08-26 05:43:44 · answer #3 · answered by stock_trade_expert 3 · 0⤊ 0⤋
Do you have a car and a house and $50,000.00 to send her to Harvard?
If you don't then you should not invest in gold.
Top 5 Answerer in this category.
2006-08-26 09:06:45 · answer #4 · answered by Anonymous · 0⤊ 1⤋
sleep on a bed with golden, and you shall goldenly start to think
2006-08-26 04:02:26 · answer #5 · answered by cool and simple 2 · 0⤊ 0⤋