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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3 Stocks For The Risk-Averse!

If you have been thinking about investing, but are a little gun shy given the past few months, I have put together a short list of three stocks you can invest in that will enable you to sleep at night.

These companies are all large in size, and able to withstand a big market decline.  You won’t get the same growth that you can realize from investing in a high-flying growth stock.  But you will get steady income in the form of a dividend.

So, here we go:

  1. Verizon (NYSE: VZ) – One of the largest telecommunications companies in the world with a market cap of $239 billion, Verizon is as steady as any business can be.  They have great customer loyalty, and their cash flow is on par with – if not stronger than – cable companies.  They boast the most reliable service, and their subscribers number 151.8 million – more than any other company.  Verizon is investing heavily in the rollout of 5G, which is expected to be the next big thing in telecommunications.  Verizon pays a dividend of 4.15%.
  2. Home Depot (NYSE: HD) – Home Depot is the largest home improvement company in the United States, with a market cap over $200 billion.  Over the past three decades, Home Depot has been one of the best investments in history.  Unlike Macys, Bed Bath & Beyond, and Sears, Home Depot has demonstrated itself to be “Amazon-proof”.  It is one of the best run retailers in the business.
  3. Alphabet (NASDAQ: GOOGL)– Alphabet is the parent company of Google, which is one of the top three most valuable companies on earth.  Google’s business is rock-solid; they generate an obscene amount of cash.  Google owns 44% of the global advertising market which is $88 billion.  They one of the leaders in autonomous driving.  Their life science research organization, Verily, cites a mission to “make the world’s health data useful so that people enjoy healthier lives.”

Over the next five to ten years, any one of these investments should outperform the market and would be great additions to a risk-averse investor’s.

Disclaimer/Disclosure Statement: Information in this article is not intended to be a recommendation to invest in any stock.  Rather, it is presented for readers’ education and consideration when making their own investment decisions.  The author has no position in any of the stocks mentioned in the article.

 

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.)