Nerves Of Steel And The Psychology Of Investing

No matter where you invest your savings, putting your future in the hands of a stock, mutual fund or other investment vehicle can be nerve wracking. What happens if the the floor drops out of the market again? Are you really making the right move? Are there other options that have less risk with potentially more reward?  

There comes a point, though, where you simply have to roll the dice and have some confidence in your choice. There comes a point where you have to pull that trigger and let faith take over that you actually might know what you're doing and that things will turn out for the better in the long run.

The Psychological Aspect Of Investing

 

One of the most difficult parts of investing is purely psychological. Keeping an eye on your investments and dealing with temporary setbacks, dips in the market as well as gains can be difficult for some investors.  

For instance, let's say that you decide to invest in gold and silver, which is one of my favorite investments at the moment. The price drops two weeks after you purchase your precious metals. Having a little buyer's remorse is normal but understanding that investing should be looked at as a long term methods of leveraging your savings that will bring you more money over time instead of worrying about daily, weekly or even monthly fluctuation in the price of your investment.  

Just think of it as you would real estate investing. Even if you had bought a piece of real estate at the peak of the 2008 bubble, your investment would still be a sound one if you looked at it as a long term investment. Many investors dumped properties when the bottom fell out of the market and let their homes go into foreclosure.  

Without looking at the long term up side, you will dump almost every investment that you'll ever make before you give it the opportunity to mature and grow... and then you will be kicking yourself when that investment shows a profit five years from now. While many movies might give you the picture of investing as being that of a savvy stock broker who buys low, waits a few hours or days and then cashes out after making a killing, the truth is that most successful investors know that this is just Hollywood's attempt to glamorize investing.

Long Term Investing

 

Do your homework and look for investments that have been shown to have a good historical investment return while offering low risk for your savings that you absolutely must protect. Short of holding onto that cash and burying it in coffee cans in your back yard, precious metals prove to be a good solid investment that is still quite liquid.

If you're interested in learning more about investing in precious metals, you can talk to a precious metals investment adviser. Read this Regal Assets review to find out more about investing in gold and silver and learn why billionaires and governments are investing in gold these days.

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Real estate is also a good long term investment but it might lack the liquidity that you're looking for in terms of retirement income and if you're timing isn't right, you might wind up having to pass this investment on to your heirs instead of being able to cash out when you want when retirement comes.

Investing In Gold - What Is The Best Choice For You

Investing in precious metals has become popular in recent years and the interest in investing in gold, silver, platinum and palladium continues to grow. Thanks to the internet as well as the niche market of precious metals investing, as well as an uncertain economic future, more investors are turning to gold and other precious metals to secure their savings and wealth.

If you have an interest in investing in precious metals then you are in good company. Many successful investors are highly vested in gold, silver and the other precious metals. It is a part of a balanced investment portfolio and one that you should consider as a long term investment or as a place to park your money when times are uncertain.

How Much To Invest In Gold Or Silver?

 

Most experts suggest that you invest between five and fifteen percent of your investment portfolio in precious metals. Of course, this number can vary depending upon how you are seeing your other investments paying off as well as where you are in your life in terms of retiring.  

Many investors who were close to retirement saw a good portion of their retirement savings wiped out in a matter of days back in 2008. It can sometimes be stressful if you are facing retirement or even a few years from retirement with all your money in stocks or investment vehicles that are based largely upon stocks.  

Some retirees or those with large investment portfolios are looking at gold IRAs or precious metals IRAs for the security that they provide. Some investors are taking old 401Ks and retirement accounts and doing a gold IRA rollover. The name "gold IRA rollover", of course, is just a name and the typical gold IRA contains other precious metals in addition to gold such as silver, platinum and palladium.

What If Your Portfolio Is Small?

 

If you don't have a large investment portfolio, this doesn't mean that investing in gold is out of the question. There are many small investors who still wish to enjoy the long term gains that gold provides while investing a small amount each year to build their precious metals investment portfolio. There are even those who are in fear of a total economic collapse or the possibility of an economic collapse who are slowly stockpiling gold and silver in case of such a future.  

It is possible to buy gold and silver in smaller quantities through online retailers or gold companies but you will often wind up paying more than you would if you were to buy in larger amounts or if you were investing in a gold IRA. Try not to let this dissuade you. You might feel that having a little gold squirreled away is better than money in the bank. If nothing else, having this gold or silver might give you the peace of mind that you simply aren't getting after watching the news each night.

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No matter what the size of your investment portfolio is or what your reason is for investing in gold, you will find that precious metals investing is an interesting and profitable little hobby. No matter if you're buying a few gold coins or bars or investing your 401K into a gold IRA, being knowledgeable and having a diverse portfolio is important.