I read that book when i was like ten years old, i think. And it made me want to drive a motor cycle around the world. He put like forty thousand miles on this b m w with his girl friend and checked out the stock exchange in argentina. Loved this. It is the best book. I got so excited. So he must be saying that agriculture will keep up with inflation, right? That's whole point. Now, jim did not see this commoditi's crash. He has been pumping the commodity boom ever since the year two thousand, and he's sticking with it, even though erything is crashed.
Physical commodities are investments that you can physically own, such as gold, silver, natural gas, and oil.
Take gold, for example. The price of gold rises and falls, depending on the demand.
Demand tends to go up only when people are feeling afraid or uncertain about the future. The problem with investing in gold is that you can’t accurately predict what the demand will be at any particular time. That makes investing in gold more like gambling than like smart investing.
If you really want to learn how to invest the smart way, it takes a good amount of due diligence and patience but the long-term payoff is worth it. By following smart investment practices that have made people like Warren Buffett extremely wealthy, you may not make money fast, but you have the potential to make more of it.
Warren Buffett started with a small amount of money too, and he turned it into $30 billion. This goes to show that it isn’t about the money you have, it’s about the knowledge you have.
In this vault episode of the InvestED podcast, Phil and Danielle discuss investing in commodities, whether or not they keep up with inflation, and in what scenarios they could be a worthwhile investment despite their inherent risk.
If you want to learn how to reduce your risk while investing, check out this guide where Phil explains how to pick stocks the Rule #1 way: https://bit.ly/3fX1adE
Topics discussed in this episode:
- Valuation methods of investing
- Types of investments
- How to pick stocks
- Commodity stocks
Learn more about your ad choices. Visit megaphone.fm/adchoices