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 How to Set Up an Investment Strategy

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Number of posts : 111
Registration date : 2011-03-03

PostSubject: How to Set Up an Investment Strategy   Mon Jun 20, 2011 11:36 am

A metal is said to be precious is it's rare.
As with most elements, what makes one valuable is its rarity combined to the desirability (the demand for that particular metal). All metals are minerals but some and more rare and some are more beautiful than others.
Precious metals are natural metallic elements with a high economic value due to their rareness.
Success in precious metals investing will be more likely to happen if you have a solid investment strategy.
If you are thinking about investing in precious metals, then you must know a few things.
Set up a trading approach. For example:
-First, ask yourself is this type of investment is appropriate for you
-Determine how much of your investment capital you are going to dedicate to precious metals
-Are going to stick to one asset or diversify? (Example: stocks, bullions coins, options)
-Do you have other investment that should be sold for precious metals?
-Are you going to go with small frequent purchases of different products or are you going with larger infrequent purchases?
-At what point will you enter a trade
-How long will you stay in your position before selling/buying? Are you going to make a trade on a fixed time period basis or when a particular event occurs?
-What will you do if the spot price goes down during your time period? Buy more or go out?
-If you buy more at lower price, what will you do if the assets price goes down even further?
What price level or loss percentage will you tolerate?
-If you plan to invest when a market dip occurs, which analytic tools will you need to fully understand the market? You could find yourself waiting for a dip that will never happen, missing an opportunity to make profits as the prices rise.
-At what point will you cash out profitable trades.
-Get familiar with the principal ways of investing in gold and other precious metals.
You and no one else can answer these questions. Your investment decisions
must be based on your preferences and objectives.
Choose a market
Until you are experienced with markets in general, it is better to stick with a particular asset.
Trading gold and silver futures is fine, but beginners shouldn't trade gold and silver along with oil or natural gas.
The more you stretch over different markets, the more it will be difficult to become an expert in the market that counts.
Specializing in one market will make it much easier to succeed.
Fortunately, with precious metals, you can specialize in different metals and in different investment vehicles.
So, what will you focus on?

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