A Note on Gold

Gold is a fascinating asset and concept. From Egyptian Pharaohs to Sir Isaac Newton to the “Nixon Shock” in the 1970’s, gold has been part of the story. Oh, and by the way, its price has risen over 35% so far in 2020.

Over the years there have been reasons (and not) for an investor to buy gold. One of the “catches” is that gold can be an extremely volatile asset, depending on the global economic cycle, level of interest rates and expectations for inflation. Another catch is that there are multiple ways for an investor to buy gold. Among these ways is to purchase gold in its physical form and insure and store it (expensive) or to purchase gold jewelry or gold wristwatches (also expensive but much simpler). OR, gold can be purchased in a non-physical form through gold futures contracts or via an exchange traded fund, or ETF, like the super-widely held SPDR Gold Trust whose trade symbol is GLD. The GLD trades like a stock and may be the closest way to own gold without having actual possession of the gold bars or coins.

bullion gold gold bars golden
Gold as an investment is not always as glittery and beautiful as the pure form.

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Portfolios & Mental Health – Part 2

Re-running this edition due to popular demand… Younger and less experienced investors (new college grads, younger workers buying a first home or saving in a 401k for the first time) can especially benefit by learning these steps, but really anyone can be better off:

If anything has been important since mid-February 2020 it has been being mentally strong and resilient – or having friends and family who are mentally strong to lean on. Believe it or not, this has nearly always been the case with investing.

green typewriter on brown wooden table
Pay attention to the present moment while knowing it is necessary that you and your adviser also consider the long-term.

Continue reading “Portfolios & Mental Health – Part 2”

Portfolios & Mental Health

If anything has been important since mid-February 2020 it has been being mentally strong and resilient – or having friends and family who are mentally strong to lean on. Believe it or not, this has nearly always been the case with investing.

DISCLAIMER: THIS IS EASIER SAID THAN DONE!

A recent article in The Wall Street Journal alluded to the concepts of mental strength, resilience – and process – amidst the coronavirus.

achievement confident free freedom
Investing is a long-term process and TRUST in your adviser is paramount – and something for which to be grateful.

Continue reading “Portfolios & Mental Health”