Would it be a great to invest in the GLD ETF for 30 years in a ROTH IRA?
I am 25. Will gold go up in 30 years? What is your view on the market? Etc?
Comments
Comment from Beat a DWI
Time August 1, 2010 at 1:16 am
No, that is not a good idea. It is unwise to invest in one item for that length of time. You need to re-balance your portfolio over time. Investing in gold or currency is a bad idea for novice investors.
Read “Investing for Dummies” to learn more about your options before choosing something so volatile and risky.
Comment from Best Lotto System! Win Big!
Time August 2, 2010 at 2:34 pm
Look at what gold has done in the last 30 yrs. In the early 80′s, it went to over 800 an ounce. Gold then went into decline. It took gold almost 30 years to to surpass that high.
In the early 80′s, the market was near 800, today it is over 10,000. The market is a much better investment.
Chasing the current hot investment, is nearly always a bad idea.
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Time August 4, 2010 at 7:41 pm
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Comment from Penny Stock Investing
Time August 7, 2010 at 11:58 pm
A Roth IRA no question. Within your Roth IRA pick no load and low expense ratio mutual funds and diversify.
You can take your pick tiaa-cref, vanguard, etc
Clark Howard has a list of funds and different company. I put the link in the resource box below.
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Time July 29, 2010 at 3:30 am
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