Is it batter to invest in stocks or buy gold?
Howdy asked:
I don’t have very much time to think about how to invest my money and I was wondering if stocks really make profit or should I buy gold and platinum.Can somebody tell me what to choose?
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I don’t have very much time to think about how to invest my money and I was wondering if stocks really make profit or should I buy gold and platinum.Can somebody tell me what to choose?
December 22nd, 2009 at 11:42 pm
Stocks by far. Yorky
December 23rd, 2009 at 9:25 am
If you don’t have much time to invest your money, then don’t invest it. To invest and make money at it, you want to be able to do it over a long period of time… like saving for retirement, you’ll want 15-30 years or more.
There’s an old rule of thumb that every invester is supposed to go by. Buy low, sell high. Ever hear of that? Well, I’ll tell you that Gold has been going up, up, up… therefore, anyone invested in it, already got in at the ground floor… so there isn’t too much more potential to invest and make money there.
The stock market, on the other hand, has corrected itself, and due to the poor economy, has taken awhile to start moving up. Actually, it is going upwards, it’s just not stable right now. If you take ANY ten year point in the Stock Markets history… you will see that it has always gone up. It has down years, and it has up years, but if you take any 10 year span, you’ll notice that the market has gone up… and that includes the Great Depression. So, some people see this as a down time, and a time to start investing your money.
Trouble is, where do you invest it. Again, if you don’t have much time to invest, then I’m not sure what I can tell you. It’s also not a great idea to just leave your money in one spot. You have to be active and pay attention to the market… OR, you can hire an investment professional and let them do all the work for you. They’ll take commission, but if you have no clue what you’re doing, or if you have no time during the week or month to invest, then that is probably the wisest investment you can make… just make sure he’s a good guy… although, that’s hard to do too.
Good Luck. Adam D
December 25th, 2009 at 2:31 am
I would invest in the stock market CURIOUS GEORGE
December 26th, 2009 at 5:57 am
Stocks…. without question.
(you could take 3% of what you’re investing and devote it to the ETF “GLD”)……..
This is a crazy way to consider how to invest. Asking strangers, who don’t know you or your needs how to invest your money. Plus……. you can’t ever know the motives or qualifications of those people answering……. I think it’s time for you to read a couple of books on investing.
Best way to start…. read;
Mutual Funds For Dummies Common Sense
December 26th, 2009 at 1:20 pm
Silver! Richard
December 28th, 2009 at 10:09 am
Honestly, if you don;t have much time go with gold. But at this time you may just break even and save yourself from an inflation instead of profiting tremendously as you would with stocks. Go through a stock prediction website and read up on it- sometimes the free ones are the best ones like fund geek. You can find more information out here: