Do you Chase or Do you Decide to Invest
As I have stated in other posts I travel way too much for my day job which is no fun. That said it does give me the opportunity to talk with individuals across the country. I like to do this because it gives me the opportunity to insure I am not just swamped in the silicon valley view of the world.
Lately I have heard lots of folks talk about buying Gold. I find this to be yet another example of the masses chasing the latest hot asset/investment. When will we learn? I just don’t get it.
If you are lucky enough to have a pile of cash for investments why would you want to invest in an asset that has been appreciating for years and has recently gone parabolic. Gold could go higher but are you Deciding to buy or are you Chasing the investment or return.
Another question, are you trying to catch the last leg of the increase or are deciding this is the best investment?
You have heard others say it before but real money and security is made by investing in assets that are down and out instead of the latest hot trend. Especially if the asset can spin of a dividend, interest payment or rent.
If you don’t have the time to do all the homework required to be successful in investing in down and out assets you need to find an Investor with a track record of success in the down and out asset.
Don’t Chase Investments but Decide to invest in down and out assets
Good Investing
Lately I have heard lots of folks talk about buying Gold. I find this to be yet another example of the masses chasing the latest hot asset/investment. When will we learn? I just don’t get it.
If you are lucky enough to have a pile of cash for investments why would you want to invest in an asset that has been appreciating for years and has recently gone parabolic. Gold could go higher but are you Deciding to buy or are you Chasing the investment or return.
Another question, are you trying to catch the last leg of the increase or are deciding this is the best investment?
You have heard others say it before but real money and security is made by investing in assets that are down and out instead of the latest hot trend. Especially if the asset can spin of a dividend, interest payment or rent.
If you don’t have the time to do all the homework required to be successful in investing in down and out assets you need to find an Investor with a track record of success in the down and out asset.
Don’t Chase Investments but Decide to invest in down and out assets
Good Investing
Comments (2)
I buy gold, I still buy gold but wouldn't pay more then 70% of current melt price. I then turn that same gold around and sell it for 98% of melt price. I can lock the price in as I call the professional melt company, or float it while I send it in. Some good people to talk to about gold / metals are metal detectors. I would never stop buying at 28%+ discount if I can lock the profits the same day. For me, the higher it goes, the happier the people are to sell at 70% of the current melt price, so I can't complain, because the amount gained from the 28% just continues to increase.
Ben Kevan, over 13 years ago
Need to search on this, and also strategized.
Jeff Morris, over 13 years ago