Ask Wealthy Joe: Invest in Gold?

invest in gold

Good morning!

So last week, I received a text from a friend asking me about investing in gold.

The ads are out there – you’ve seen them on TV, on websites, and perhaps have even received an email talking about the riches to be made investing in gold and other precious metals.

Using this calculator, let’s take a look at what you’d have today if you’d purchased $1000 in gold 19 years ago, on February 11, 2000:

Adjusted for inflation, your return would have been 181.566%.

Your $1000 investment would now be worth $2,815.66.

“Wow!  That’s nearly triple my investment!”

Yes.  It is.

Let’s now go to Stockchoker and see what that $1000 would be worth today had you purchased shares in various companies’ stock on the same day:

Home Depot (NYSE: HD): Up 343.99%, your $1000 would be worth $4439.91.

“OK…”

Wait, I’m not done!

Amazon (NASDAQ: AMZN): Your investment would be up 1988.86%…

…meaning your $1000 would now be worth $20,888.57.

Apple (NASDAQ: AAPL): Your investment would be up 4880.24%…

…your $1000 would now be worth $49,802.36.

There is simply no substitute for investing in the stock market when it comes to accumulating wealth!

If you’re thinking about investing in precious metals, do something that will be truly precious to your and your children’s future.  Open up a brokerage account and put that money into the stock of good companies today!  My short guide, below, walks you through everything you need to know.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

 

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Here’s Why You Ignore Headlines!

facebook earnings

Over the last 6 months, Facebook (NASDAQ: FB) declined over 43% from its peak to its 52-week low.

Part of the reason was the rash of negative press the company was receiving – and rightfully so.

They sold data, and found numerous ways to collect as much personal information from their users as possible.  The Cambridge Analytica scandal prompted Mark Zuckerberg to have to sit in front of Congress and answer some tough questions.

Then there was the #deleteFacebook campaign, in which users were supposedly taking a hiatus from Facebook or simply deleting the app.

Every headline regarding Facebook was negative, and it appeared the company was spiraling downward.

Then, when the company reported earnings on January 31st, a funny thing happened…

Facebook grew profits by 39% to $22 billion.

Folks, let that sink in for a moment.  Facebook is a massive company.  They grew earnings by 39%.

Revenues increased by 37% to $56 billion.

Monthly average users increased by 189 million in North America.

This goes to show you that as an investor, you should never react to headlines.

Do you have any idea how many times someone has written Apple’s (NASDAQ: AAPL) obituary over the last 30 years?  More than I can remember.

*The Stock Market is For Everyone, Eric Milton’s short guide to stock market investing for beginners, is available in e-book and paperback formats.  If you like what you see on this blog, we hope you’ll take a moment to purchase and read the book, let us know what you think via a blog comment or Amazon review, and share this information with others!  Thank you.*