February 2021 – Saving For Your Dreams

The recent run-up in the price of GameStop stock is both a financial news marvel and a great lesson.

For those that aren’t familiar, GameStop was recently the subject of a short squeeze. This happens when investors betting the price of a stock will fall are wrong, and they are forced to buy the stock in order to meet their contracts.

In situations like this, stocks can see an explosive rally. For those who are invested in the stock, they can make a lot of money.

If you are a long term reader of my newsletter, you may remember that exactly three years ago, I recommended GameStop stock for your dream fund. I also mentioned it on my blog. If you took my advice then and sold your stock in the last week, you’ve made a great return on your money.

While we’re on the topic of money, I want to talk with you some more about your financial goals this year. First, what are you really excited about? Which one of your new year’s goals has you looking forward to the future with great expectations?

One of my mentors taught me some rules about income. He said I should save 10%, give away 10%, and enjoy 10%.

How can you enjoy it? One way is putting it in a separate fund to save for your dreams. You can use this money for sheer fun, or even invest it in a risky asset with the belief you’ll make a successful bet.

GameStop was a good investment if you entered and exited that trade at the right time. But markets change, and what was a good investment may not be the same today.

So what is a good investment now?

Silver.

Silver is one of the most undervalued assets in the market right now.

You already know I like precious metals, but silver’s unique qualities and current low price make it an excellent investment for your dream fund. Here are a few reasons why:

1. It’s a universal safe haven. The white metal has always been valued, so having great growth potential this year is a fantastic bet considering the investment is also safe. Silver can be very volatile in price, but its price will never be zero. Charlie Munger, close friend to Warren Buffett, once said: “The greatest risk in investing isn’t volatility, it’s the permanent loss of capital.” With silver, you are guaranteed to have a store of value that will never be worthless.

2. It has many industrial uses. Silver is used in the manufacturing process of everything from refrigerators to jet engines. Demand has also increased due to the market’s shift to renewable energy, particularly solar panels. So if there is an economic recovery, commodity demand will be pulling at its price in addition to its store of value.

3. It’s real money. With continued fiscal stimuli and monetary expansion due to the ongoing pandemic, this precious metal has a lot of upside potential. Even if our world economy emerges from this crisis soon, we will have a much bigger inflationary problem in the future. Silver can guard against this. Having real commodity cash in your savings can protect you from the depreciation of paper cash.

Regardless of what you decide to invest in, I always recommend you have some precious metals in your savings. If you want to add a little bit more to your dream fund, I believe that will serve you well.

Even if you aren’t as bullish on silver as I am, you can still build a great dream fund this year. There are other ways to identify a good investment bet. In my research, I’ve discovered a helpful investing tool called Beat the Market Analyzer. This tool has helped many investors beat the market year after year in generating returns.

Right now you can get access to this program for FREE!

At it’s normal retail price, this program is the only one that can provide both low cost and high returns. There are investment advisers who can beat the market, but they are quite expensive. There are also programs that are low in cost, but they generally produce average returns.

This is a fantastic tool that you won’t find anywhere else. If you sign up right now, and type “The Money Mission” in the box titled “How did you hear about BTMA?” you will get full access to this program for a month to see if it’s right for you.

This could be a great strategy for you to make a successful bet in your dream fund this year.

Additionally, if you want to take your financial certainty and success to the next level, I can help you directly when you join my membership program. We’ll develop an outstanding plan to prepare for your financial future.

Don’t forget to pick up copies of The Money MissionTax Saving Strategies and The Blended Retirement System.

Have a great week, and I’ll talk to you again soon!

Facebook Comments

Leave A Response

* Denotes Required Field