“The Financial Mango Tree” by Bruce Sands seems to have been attracting a lot of attention. However it seems to be commonsense. If you want a sure-fire investment then invest in gold which is usually not a commodity to go down in price, although it has been known to happen.
The use of a mango tree in the title is excellent, you buy a sapling, nurture it and it will reward you by producing ripe, golden fruit eventually. That’s exactly what happens if you follow the author’s advice.
It would be good if we could spent time managing our own portfolios, and yes, if you dabble in the stock market you should be aware of trends and possible bear markets, but how many people can devote time and energy to following and doing a detailed analysis of market trends. Leave it to the brokers – after all it’s their job isn’t it?
If you are retired and want a new hobby then the stock markets might hold some attraction for you; perhaps you’ve left it a bit late to be the next Warren Buffet, but you never know your luck…and that what the stock market is all about, a little knowledge and a lot of luck. As Mr. Sands points out in his book, history is cyclical, but although there are lessons to be learned from history, the circumstances are not always identical, so predictions about, say another Great Depression or stock market crash, may well be wildly inaccurate but if panic selling begins, who knows what might ensue?
Gold and precious metals are good long term investments if you have the capital to invest now. There is no question about the veracity of that statement. However the stock market typically attracts entrepreneurs, not conservative types. If you invest then you will probably like the risk involved, knowing it’s a gamble is often half the fun. Buying stock is exciting, especially if you are initially onto a good thing. It is sexy, being able to say you are into stocks, share and commodities and being able to boast about the killing you made on buying into a business when it first started. Somehow saying that you bought a safe commodity such as gold does not have that same ring to it.
So, thank you very much for your book Mr. Sands, it’s a very readable one, and full of sound advice and commonsense, but I think I’ll still trust my gut instincts and treat the stock market as I would a giant casino. I have a golden rule – never speculate with money you can’t afford to lose.
http://www.herbs-treatandtaste.blogspot.com This is not the type of article you will find in this website. It contains advice about how to eat healthily and gives the origins and different uses of natural foods. If you are concerned about the food you eat, visit the blogsite and get some ideas for a healthier diet and learn about the value of food items in modern and traditional medicine.
No comments:
Post a Comment