Smart Investment Articles

The skeptics said that this couldn’t happen. Rising government bond yields were supposed to be bad for hard assets, right? What they didn’t expect was a perfect storm of economic and geopolitical events that would boost the gold price even as interest rates soared.

$2,000 has been a battle zone and a frustration trigger for countless gold investors around the globe. The gold price reached that level in August of 2020, and then again just a couple of weeks ago, only to get rejected both times.

We are now officially in the Clown World era. California House Speaker Nancy Pelosi just said that increased U.S. government spending would help decrease the national debt and bring down inflation at home. Seriously, this is what today’s investors have to deal with now.

No matter where you turn, you can’t avoid hearing about Boeing Co (NYSE:BA) and its twin disasters: Lion Air Flight 610, and more recently, Ethiopian Airlines Flight 302.

Seasons change and so do investing strategies, but one thing remains constant throughout the year and through the generations: markets move in cycles and nothing goes up forever. Sure, the stock market tends to go up over the very long term, but there will always, sooner or later, be seasons of decline and downtrend.

Managing your time, educating yourself for the next phase of your career, and learning to invest are crucial pieces of the overall financial puzzle – and I teach all those aspects of personal financial management, no doubt about it. But there’s an often neglected component to wealth building that’s akin to a leak in a boat: it’s bound to sink you if you don’t fix it.