My job is to help others to grow their savings and improve their financial health. These days, we all need to get healthy. A common question I get is whether or not to invest in gold.
Gold is an investment that can be part of your portfolio. Talk with your advisor to decide how much, part should be.
Warren Buffett likes to say, ” We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
I don’t know about you, but when I hear every other commercial on Financial TV & Radio
promoting gold, it sounds pretty “greedy” to me, wouldn’t you agree?
Dave Ramsey put on a Town Hall for Hope on Thurs. April 23. Over 6000 watched and decided it was time to put fear aside and start making smart choices with their money. From the site
http://www.townhallforhope.com/ , Dave shares some interesting facts about gold & other investments.
Did you know that gold has only risen an average of 2.14% per year? And that includes a surge since 2001 to present. http://www.townhallforhope.com/index.cfm?event=displayPostStats
Did you also know that the S & P has grown by 1250% since 1974, from 63 to 850? That includes recessions in the 1970’s, 1980s, 2001-2002, and the present.
Check out these other interesting stats at http://www.townhallforhope.com/
Before investing, talk with your advisor to determine your goals, time horizon & risk tolerance.
For more information, or to contact me directly, visit my site at http://www.deanvoelker.com/ .