I know that most of our dpers are web entrepreneurs, anyone invested in gold, metal, oil, forex, stock or real estate and have success in it? I am trying to learn one type of investment as an extra life skill. Would appreciate if any experienced investor can guide me on which one is the easiest to start with. Thanks all
At this time real estate is the best option for investing, actually I also have invest lots of money in it.
You could start out with buying small amounts of gold/silver, but they're not usually investments that will bring anything in the short/long run, they usually just act as inflation hedges.
I prefer invest on gold, the price is keep increasing. But i will prefer more to invest on building a company
Just read read read before investing. GLD Stock will follow the gold price. For Gold investments these are my sources: Gold advice blog: http://www.jsmineset.com Gold prices live: http://www.kitco.com Investment advice: http://totallygroovygirlfriday.wordpress.com/ Gold will help you in protecting against inflation (paper money is worhless, Obama printed trillions so real value: 0, what is cost of paper and ink)
Check out the Cashflow game, it teaches the basics of financial education, including real estate investment and stocks.
Now might not be the best time to invest in stocks but they sure are the easiest to put your money on. You'll find it even easier to invest if you put your money in managed accounts. The trick is to find a reliable and reputable manager.
Gold will never lose it's value. If you can afford it, invest in gold. You can not lose. I've read on most investing forums, gold is a like a Holly Grail
Any precious metal purchase is a technical hedge against inflation - though it doesn't work everytime, the price does fluctuate, it does go down in value. Yes, as most gold advertising will tell you, gold has never been worth zero. I would be leary of buying too much gold right now at the current price - I think there is somewhat of a bubble and if our stupid government ever institutes a sensible monetary policy the price will fall relative to the dollar. Silver might be a better bet, as there is actually some scarcity and silver is much more useful as an industrial metal than gold. Of course if the whole system collapses - what's really worth more, a gold coin or a loaf of bread. Hmmmmm......
if you can afford to get into real estate it may be a good time with so many foreclosures available. I just saw a townhouse here in south florida that sold for 1 million in 06 and the bank is asking 201,000 now great deal on a great property. Of course in Florida they are all over the place now so plan on holding it for a while.