Silver at $14.20 Gold at $975

mini_lidi

so what not for me this time?

cloud_dog

mini_lidi wrote: »

so what not for me this time?

Mini, this isn't a criticism but I get the impression from your posts that you dont have a clear understanding of what you want to do (investment wise).

You seem to want to invest but are not sure how or in to what and appear to have cottoned on to gold, silver, oil. These are all very volatile and not for the novice.

I'll admit I am a gold bug and believe in the commodity super-cycle (and to a large extend this is defining my investment strategy but everything goes up and goes down, and gold is no exception.

In the investment world commodities play such a small proportion of the finacial whole that when 'the money' moves out the prices drop drastically. Example, I had an investment in a mining company which was doing very well, after the recent crisis / sell off this company trades at 3% of it previous value.

If you choose to invest in high risk things you need to understand the risk and either accept it or actively manage it. I chose the later for my mining company only losing 15(ish)% before selling.

As you say you are young, if you want to invest it yourself then I would suggest setting up a dummy portfolio on any number of finacial sites and make investment decisions but without the risk of losing your monies (I use https://www.iii.co.uk where I monitor equities/funds).

No one can tell you what or where to invest but if you can get a better idea of an area you might like investing in you can pursue it, there are a number of tools / sites avaialble on the www.

Edit: If you are keen in holding/investing in commodities then you could consider investing in fund investing in commodities - Marlborough Commodities ETF is probably the only fund (excluding ETF's) which actually hold commodities. This way you will get exposure to a basket of commodities which the manager thinks will increase and they will make the decision to move out / in of the different commodities.

Click on the below link, at the bottom of the page it lists the top 10 holdings..........
http://www.h-l.co.uk/funds/security_details/sedol/B195JD8

I am not recommending this, you need to make these choices yourself.

mini_lidi

Thanks, so if you where in my shoes right now
What would you be doing?

cloud_dog

mini_lidi wrote: »

Thanks, so if you where in my shoes right now
What would you be doing?

I'm not sure where to begin...........

• What savings do you have?
• Do you have enough income to live / enjoy life
• What do you want to do (Holiday, car, house, etc, etc)
• Is this money purely for investing?
• If so, how long?
• Would you mind losing 50% of your investment?

Ther eare jsut soooooo many questions I couldn't even begin to offer you advice.

The only thing I would say is that some companies / commodities have rebounded quite a lot recently, and nothing goes up in a straight line; there are always other opportunities.

No one knows the future and Asheron may be right but equally things may retrace. We have had a sizeable bounce in a numbre of markets / investment areas. Also equities generally never do well during the summer. There's an invesment saying 'Sell in May and go away' and usually it is correct however, its not always May, last year it was March.

You may want to consider drip feeding / monthly investing in one or two funds.

When I started investing I used the monthly invvestment route using a few different funds and I started to research why things went up/down when they did.

mini_lidi

well still in education with a part-time job earning £560 (after Tax) a month, i am willing upto £200 of this a month because i can happily live off the other £360 each month with change
This money is just an investment and would like to earn somethin back soon but can wait. Just dont want to place back into an ISA.
Sooo knowing this, what would you do?

Ps. Whats monthy investing?

rl290

If anyone is thinking of investing in silver now, you have a few screws loose. It would be like investing in property in early 2007 because it had been booming.

Yes, you may get some return if you time your exit.. but you had better be spot on!

RDB

This bodes well for gold prices in the coming weeks as when the dollar begins to weaken again in the coming weeks, which seems very likely, then gold should rise even more sharply and target levels above $1,200/oz in the coming months.

Asheron

rl290 wrote: »

If anyone is thinking of investing in silver now, you have a few screws loose. It would be like investing in property in early 2007 because it had been booming.

Yes, you may get some return if you time your exit.. but you had better be spot on!

O really? Thanks

downs523

Love the old silver thread proving people wrong LOL well done!!! Just wish I bought in 2008 now!!!

Nikel

Asheron wrote: »

O really? Thanks

Haha! Although I think Asheron, you still have a few screws loose.