Message:

<p>[QUOTE=&quot;SD51555, post: 2489570, member: 71871&quot;]Lots of good advice so far.&nbsp; One big one to keep in mind before you do anything is to figure out what you&#039;re comfortable dealing in, and how much work it&#039;ll be to manage it.&nbsp; That&#039;s where all of us differ.&nbsp; That being said, here&#039;s a batch of ideas I&#039;ve got.&nbsp; </p><p><br /></p><p>*Don&#039;t do everything all at once.&nbsp; Santinidollar hit that nail on the head.&nbsp; Move slowly and in pieces.&nbsp; </p><p>*Personally, if gold, I&#039;d only deal in eagles.&nbsp; You will always know what they&#039;re worth and you won&#039;t have to worry about recouping some historical and subjective value.&nbsp; </p><p>*Don&#039;t rule out gold stocks, but don&#039;t own individual stocks.&nbsp; GDX and GDXJ offer some tremendous wealth creating power, but can also wipe it out just as quickly.&nbsp; Buying the indexes can smooth that out much more than an individual stock.&nbsp; </p><p>*Avoid the paper gold and silver investments.&nbsp; It doesn&#039;t happen often, but they can be severed from the bullion prices, so they are not a perfect substitute.&nbsp; </p><p><br /></p><p>*There are still deals to be had in stocks, but they&#039;re not easily found, and I&#039;m not one to offer suggestions at this stage of the market.&nbsp; I will say growth, and growth and income stocks are still out there for the taking, but you have to do your homework.</p><p>*Banks are for people who don&#039;t know how to properly invest their money.&nbsp; They&#039;re great for creating wealth, just not for the customer.&nbsp; </p><p>*Don&#039;t overlook life insurance if you&#039;re young.&nbsp; It can be a hot debate, but done right, it can be a great tool in the portfolio.&nbsp; &nbsp; </p><p>*Debt:&nbsp; If you got it, get rid of it.&nbsp; That&#039;s an easy one.&nbsp; </p><p><br /></p><p>*Lastly, <u><b>don&#039;t do anything.</b></u>&nbsp; Having some dry powder laying around isn&#039;t a bad thing.&nbsp; I switched jobs a year ago.&nbsp; I rolled everything out and into IRA and stock HSA accounts.&nbsp; That was a good chunk of cash that I wanted to invest myself.&nbsp; A year later, I still haven&#039;t gotten all of it invested.&nbsp; However, in the past year, I&#039;ve snatched up a lot of opportunities that have paid off well.&nbsp; Sometimes, patience is a very lucrative investment.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in