I should know to expect such comments, but I personally (and maybe this is why I need to learn some stuff) don’t think that gold is the only sound investment. I have very little concern in the idea of investing now, or in the near future, in stocks with the intent of having a 30-40 year investment.
And I know some things about markets, stocks, etc. But I would like to find some guides to learn the general fundamentals. For example: Let’s say I came on here and said I am planning on making a big investment in Bank of America and Citi. (maybe a bad example, but bear with me) I would be laughed at. But why is this not a good idea? I know its not, but if you had to prove to me that these are bad investments, what would you say? It’s easy to state the obvious opinion that these companies are hurting, but I would like to gain an understanding of the fundamentals.
I don’t think it is there yet, but I see this current economic climate as a possible opportunity to think long-term. I just want to know, somewhat, what I’m doing. I’m not looking for something that wants to tell me that it is a great chance to buy X stock this week, but not Y. And no offense to the great wisdom out there, but I wasn’t really looking for advice to “buy gold.” I was looking to learn why someone would tell me that in the first place. I’m just looking to learn the basic fundamentals of investing. Where can i get this?
And chivas wouldn’t work. Consumable goods would not last as a long-term investment for me.
