Also, to better explain what to do with the previous post, try looking into target retirement funds. Companies offer funds called Target retirement 2050...i.e. you just keep throwing money in there until the year 2050. It does what every individual ought to do, 100% of the money in stocks for the majority of the time, but when you get older, it slowly transfers into bonds. Yeah, these mutual funds do all the work, except the work it takes to put the money in there...thats for the customer to do.
Wednesday, March 26, 2008
GOOOLD
I just heard something on the radio about gold, so I might as well shut people up. Sure, in the last 2 years, the damn thing has skyrocketed, from $500 to $1,000. But Apple went from $60 to $180 in just one year. What is the difference? For one thing, gold is one of the worst INVESTMENTS ever! Thats right... If you were to invest in $1 in gold 50 years ago, you would have 97 cents today. Now if you were to invest $10 in Apple 50 years ago, you wouldn't be reading this, you would be in one of your four mansions.....
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Dear Rahul's Financial World,
I believe you're giving away false financial advice. Comparing Apple to Gold (50 years ago) is like comparing monkeys to oranges. Sure, Apple has turned out to be a good investment had someone invested in it 50 years ago, but the risk at the time, compared to Gold, was very significant. One is simply not able to compare these two investments.
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