Wealth: Financial Independence: March 2008 Archives

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Just a quick post for those who have followed my suggestion to buy into gold earlier this year. Gold and the ETF GLD have experienced a nice run during the first quarter of 2008. With this past week's decline in commodities, I decided to take some of my profits from GLD. If you have yet to place a stop loss order, I suggest that you do now. Consider the fact that the price has dropped below $90 a share. My target was $95 and I ordered the stop loss late last week. I hope you reaped some benefits as well.

Keep in mind all is not lost in GLD, the commodities expert Jim Rodgers who co-founded the now closed Quantum Fund with George Soros has been quoted saying that Gold will continued to surge as much as $3,500. But remember- you gotta know when to hold’em and when to fold’em. To your success.

It is rare for me to post 2 postings in a single week, let alone posting twice in a single day. However I wanted to give everyone access to this latest posting from The Rich Dad Company. The clip is one of a series of videos promoting an upcoming Rich Dad event hosted by Robert Kiyosaki in April 2008 call The Psychology of Winning. Unfortunately I will not be able to attend the event personally because it is my wife's birthday weekend and we have other plans. The event will no doubt be a great experience for all that attend.

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What I love about these postings is that they are more than just a pitch for a seminar- they always contain a great deal of insight and value for viewers. This clip in particular features Ken McElroy, one of Robert's real estate advisors/partners. In this segment Robert & Ken highlight some of this issues facing the real estate market as a whole- particularly the downfall of the high end apartment/condo market.

More so, for those readers who live here in the Lehigh Valley, you will no doubt see the correlation of how this relates to the slowdown and downturn of the high-end condo market (ie Riverport and Eastonian). I found the A-B-C concept very insightful and I am certain that you will as well. Don't miss the hidden lessons of this clip! Opportunity is EVERY WHERE! http://www.richdad.com/RichDad/RichContent.aspx?cpid=65

 

About this Archive

This page is a archive of entries in the Wealth: Financial Independence category from March 2008.

Wealth: Financial Independence: January 2008 is the previous archive.

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