Weekly Round Up – Gold Bubble, Patience and More

by Ray on November 27, 2009 · 5 comments

We have discussed a few important investing principles, however one can never talk enough about good investing strategies. One of the most important principles of good investing is patience, in my opinion patience is the most vital aspect of investing. Million Dollar Journey discusses patience and discipline in the second part of his principles of successful investing.

More and more people find it harder to to make ends meet, raises are frozen, investments are shrinking and banks are lending less so how can one boost their income? CNN Money shares 5 alternative ways to give you income a boost.

I have written several times about investing in gold and why gold is not a great investment option for most. However gold continues to rise and set new records, is this the formation of another bubble? Canadian Capitalist shares his opinion on why gold bubble could be forming, and I could not agree more.

Earlier this week Liza wrote about the importance of of giving, I personally am very big on helping the less fortunate and hope you too decide to give back. If you are not sure on how much to donate during this holiday season Thicken My Wallet provides some tips on how much is too much.

Diversify, diversify, diversify. This is the most common advice you will receive regarding your investments, diversification is the single most important factor in your portfolio’s return however just adding more stocks is not diversifying your portfolio. Jason Zweig at Wall Street Journal discusses why more stocks may not make your portfolio any safer.

Carnivals:

Carnival of Personal Finance

Festival of Frugality

Money Hacks Carnival

Economy and Your Finances

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{ 5 comments… read them below or add one }

1 Canadian Capitalist November 27, 2009 at 10:36 am

Thanks Ray. I don’t understand your comment though. Did you mean “I could not agree more”?

2 Wojciech Kulicki November 27, 2009 at 12:44 pm

I read the Money article in its print form, and thought it was a good read. Thanks for sharing it with us!

3 Ray November 27, 2009 at 12:59 pm

opppss yes that is what I meant!

4 ThickenMyWallet November 28, 2009 at 10:57 am

Thanks for the link. Enjoy the weekend.

5 Financial Samurai November 29, 2009 at 9:32 am

I can tell Jason from the WSJ right now that stocks definitely make your portfolio much more dangerous! :)

Happy Thanksgiving Weekend!

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