Re: Investing Tips
in response to
by
posted on
Apr 10, 2009 05:25PM
We may not make much money, but we sure have a lot of fun!
Yea i recommend u to read this
10 mistakes to avoid very good tips to keep handy as a reminder !
Opinion on gold remains to be verified , i agree about lust and gold , i've never wear any jewel myself not even a watch , chains and watch are for slaves far as i'm concerned , but eh ! that's an opinion.
So gold is a commodity used for jewels in my opinion , and mines producing gold often produce Cu Ag U Ni FE and so many other minerals . Those stocks are traded and follow the markets and the economy ,so as stated in mistake #1 to be avoided , don't go there without a strategy base on reflection, information and analysis , rethink and follow through once ur sure .
Is gold at the top , i don't know , i don't think so but i can't read the future and opnions differ as to where gold is going . Short term i'd say it's either going down a bit or staying pretty level . Right ther's no inflation nowwwwwww. But around the corner 6 months from now or more many share the opnion that inflation will strike and i share it strongly , but eh ! that's an opinion and to see long term in one's life is a feat for most ,so in terms of the world economy i'd say it's trickier still.
Now in this market if ur sure of something maybe ur wrong but so are almost everyone so either u go through with ur plan or u stay out 'cause nobody's gone cry for ur losses they'll profit from it . Be calm and patient ,patient and calm it's a cold blooded affair not a game, unless u can afford to lose.
Don't change your mind based on one opinion if u did your homeworks and keep up with the market then u based your investment on your best assets and can't change ur mind with the blowing wind .
Those are very good pointers u gave us , and i'm sure this comes from a veteran investor . One must use all the tools at his disposal .
Thanx