Investing one’s hard-earned money is something that is on everyone’s mind. There is no doubt in saying that everyone wants to make extra money apart from their regular income, this is where investing comes in. Even so, many people have doubts regarding the different investment options available. In this modern era, there are many options available for investing in order to potentially achieve higher returns. To invest your money for big returns, you should make sure that you have a thorough understanding of how the investments work before investing any of your hard-earned cash in any of them. Below are some options to consider.
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Gold is one of those assets that people often get emotionally attached to – they either love it, or hate it.
But any successful investor will tell you that you need to be emotionally detached when choosing your investments.
On the one side you have the “gold bugs” – the world is ending, flee to a universal currency types. It’s a global currency, it’s immune to inflation and immune to government interference in an economy, they’ll argue.
On the other, you have people who point to gold under performing vs stock market prices and indexes like the S&P500, and even bonds over a 30 year period. Gold’s recent renaissance is just a phase, in their eyes. Warren Buffett even goes so far as to say it “has no utility” in typical, withering derision.
But no matter which camp you are in, you should have some gold in your portfolio.