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Diversify your portfolio with gold and silver
Investing and trading in gold and silver is always a sound idea--and that goes double in a time of unusual market fluctuation. As people look for safe places to diversify their investment risk, you'll likely see the value of your investment go up where other stocks are vulnerable. Gold and silver saw increases in value of 16% and 15% respectively in 2019--putting them among the top ten most desirable commodities out there--and are projected to experience even more of a bear market as the dollar wobbles in an uncertain post-COVID world. This year, 2020, gold and silver are set up to have their best year of price appreciation over the past 40+ years.
Written in an easy-to-follow, no-jargon style by CFP and bestselling author, Paul Mladjenovic, Investing in Gold & Silver For Dummies explains the different complex processes and vehicles for buying gold and silver. You'll find out the best ways to add these to your portfolio, how to balance risk and reward, and how to adapt time-tested investing plans and strategies to your goals.
Identify your goals and form a plan
Buy gold and silver safely to diversify your portfolio
Use ETFs and options to profit from market ups and downs
Understand when a gold and silver investment is legitimate
Use technical analysis to time your market entries
Whatever your current familiarity with gold and silver, this book gives you the extra expert knowledge you need navigate your gold and silver investment portfolio safely through a bear or bull market.
Auteur
Paul Mladjenovic is a renowned certified financial planner and investing consultant. He has authored six editions of the bestselling Stock Investing For Dummies and is frequently interviewed by media outlets including MarketWatch, Kitco, OANN, and more.
Texte du rabat
Use options and ETFs to profit from market ups and downs Earn outsize returns with gold and silver Are you looking for a way to reduce investment risk and increase your returns? Who isn't? Join author, financial planner, and investing consultant Paul Mladjenovic as he walks you through the basic and advanced concepts necessary to truly understand investing in gold and silver. You'll learn how to choose between the different ways to buy and trade precious metals and discover new investing plans and strategies designed for everyday people. Inside...
Résumé
Diversify your portfolio with gold and silver
Investing and trading in gold and silver is always a sound ideaand that goes double in a time of unusual market fluctuation. As people look for safe places to diversify their investment risk, you'll likely see the value of your investment go up where other stocks are vulnerable. Gold and silver saw increases in value of 16% and 15% respectively in 2019putting them among the top ten most desirable commodities out thereand are projected to experience even more of a bear market as the dollar wobbles in an uncertain post-COVID world. This year, 2020, gold and silver are set up to have their best year of price appreciation over the past 40+ years.
Written in an easy-to-follow, no-jargon style by CFP and bestselling author, Paul Mladjenovic, Investing in Gold & Silver For Dummies explains the different complex processes and vehicles for buying gold and silver. You'll find out the best ways to add these to your portfolio, how to balance risk and reward, and how to adapt time-tested investing plans and strategies to your goals.
Contenu
Introduction 1
About This Book 1
Foolish Assumptions 2
Icons Used in This Book 2
Beyond the Book 3
Where to Go from Here 3
Part 1: Getting Started with Gold and Silver 5
Chapter 1: Exploring the World of Gold and Silver 7
Considering Gold and Silver for Your Situation 8
Assessing the world's financial issues 9
Knowing how gold and silver can help you 9
Taking Action Before You Invest in Gold and Silver 10
Reviewing your portfolio 10
Boosting your cash position 11
Using your talents in your spare time 11
Doing your research on gold and silver 11
Chapter 2: Understanding Gold and Silver's Greatest Benefit 13
Looking at Counterparty Risk in Today's Investments 14
Stocks 15
Bonds 15
ETFs and mutual funds 16
Cash and bank investments 17
Real estate 18
Futures and options 18
Bitcoin and other cryptocurrencies 18
Knowing That Gold and Silver Have Risks, Too 19
Chapter 3: Adding Gold and Silver to Your Portfolio Mix 21
Defining Saving, Investing, Trading, and Speculating 22
Saving 22
Investing 22
Trading 23
Speculating 23
Building Your Financial Profile 24
For the conservative investor 24
For the growth investor 24
For the speculator 25
For the trader 25
Making Other Portfolio Considerations 26
Deciding on a percentage to put in metals 26
Choosing gold, silver, or both 27
Investing for income 27
Chapter 4: Recognizing the Risks 29
Exploring Different Kinds of Risks 31
Physical risks 31
Market risks 31
Futures exchange risks 32
Political risks 33
The risk of fraud 34
Minimizing Your Risk 35
Gaining knowledge 35
Being disciplined 36
Having patience 36
Using diversification 37
Keeping some risk management tools in your arsenal 38
Weighing Risk against Return with the 10 Percent Rule 39
Part 2: Spanning the Gold and Silver Landscape 41
Chapter 5: Investing in Gold 43
Comparing Gold to Other Investment Assets 44
Gold versus the financial world in general 45
Gold versus stocks versus currencies 46
Understanding the Gold Market 47
Gold demand 47
Gold supply 49
Going Over Gold's Recent Bull and Bear Markets 49
The 1970s bull market 50
The 1980s bear market 50
The 1990s range-bound market 50
The bull and bear markets of 20002008 51
The bull market and bear market of 20082018 51
Making the Case for Gold Today 52
Chapter 6: Surveying Silver 55
Comparing Silver and Gold 56
Silver's similarities to gold 56
Silver's unique qualities 56
Digging into the Silver Market 57
Silver demand 58
Silver supply 59
Future drivers of silver 61
Starting with Silver's Modern History in the 1970s 61
Picking Apart Silver's Performance during 20002020 62
The first silver bull market (20002008) 63
The bull market of 20092011 and the bear market of 20112018 63
Silver versus the financial world in 2020 and beyond 64
Resources for Informed Silver Investors 66
Chapter 7: Making the Most of Mining Stocks 69
Examining the Essentials of Stock Investing 70
A profitable company 71
A growing industry 72
A healthy balance sheet 73 Knowing What to ...