Gold Hits $600 an ounce
Gold finally hit $600 an ounce! Last week I was lamenting how I should’ve bought more, but atleast I bought something. Although its not enough to make me rich, every little bit helps!
But its does bring up a good point. Rather than spend 1% of your net invested assets in a 100 different things, its better to focus your investments into 3 or 4 main categories. That way your focus isn’t diffused among too many different things and when one of the investments does well, its reflected immediately in your portfolio.
I had such a strong feeling about gold, I should definitely have bought more. I had thought about playing the credit-card 0% balance transfer game and buying gold, but I thought the strategy was inherently too risky in principle to implement [even though I was very confident I wouldn't lose money].
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