From Cambridge House:
The gold market is hot.
A lot of companies are going to ask for your hard earned dollars. And trust me - they will all be "world class opportunities."
Don't get sucked in - keep your eyes on the prize.
There will be no shortage of deals. But it will be difficult to separate the top 5% from the rest.
You need to be extra careful not to be promoted into the next "can't miss deal". The FOMO of missing that great opportunity is real - nobody wants to be left on the sidelines watching other people make money.
But there is a far worse scenario - tying up your cash in "B Grade" companies, and having to take a pass when the "AAA" hits your desk because you are out of dry powder.
Missing a winner means you still have the cash in your pocket. Picking a looser means the opposite. Always remember - a new bus leaves every 15 minutes.
Will gold hit $2000? Probably. Will there be a terrifying correction first? Highly likely. If that occurs, I don't want to be loosing sleep because I made questionable decisions.
More importantly, if that correction comes, I want to have cash on hand to take advantage.
A lot of companies are going to ask for your hard earned dollars. And trust me - they will all be "world class opportunities."
Don't get sucked in - keep your eyes on the prize.
There will be no shortage of deals. But it will be difficult to separate the top 5% from the rest.
You need to be extra careful not to be promoted into the next "can't miss deal". The FOMO of missing that great opportunity is real - nobody wants to be left on the sidelines watching other people make money.
But there is a far worse scenario - tying up your cash in "B Grade" companies, and having to take a pass when the "AAA" hits your desk because you are out of dry powder.
Missing a winner means you still have the cash in your pocket. Picking a looser means the opposite. Always remember - a new bus leaves every 15 minutes.
Will gold hit $2000? Probably. Will there be a terrifying correction first? Highly likely. If that occurs, I don't want to be loosing sleep because I made questionable decisions.
More importantly, if that correction comes, I want to have cash on hand to take advantage.
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