" if wall street is the only place that people ride in a Rolls Royce to get advice from those who take the subway, then who are we taking investment advice from?"
If you are at a point in life where you can begin to put some money away, investment can be an extremely rewarding experience, fiscally and psychologically, or a disappointing and frrustating experinece. This is where you have reasonable expectation and a reasonable investment strategy.
Even though putting money aside might be the begining of your breakthrough, money left in the bank all in the name of savings is actually the begining of poverty.
In 1996, Gold was selling for approximately $250 on Ounce. By 2006, just 10 years later, Gold was selling for over $600 an Ounce; today, it is over $1000 an Ounce. For intance, if in 1996, you had put $1000 in the bank, today (2011) it would be worth less than $10 in Gold (do the calculation yourself). If instead, you had purchased four Ounce of Gold for $100, today that Gold would be worth over $4000. Peolpe who believe their money is save in the bank are actually losing. This is just to tell you that if you think you have money in the bank today, you might not tomorow without even spending a dime because your money might only be able to buy a loaf of bread or a birthday card for your wife.
So, how long have you been working?
How much do you have in your account as personal saving?
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