Sometimes clients bring many accounts and some of these accounts only have a few thousand dollars. Maybe a Roth IRA or a college savings account. It is difficult to buy individual stocks, as these accounts are too small.
Today, I bought a Fidelity fund, Fidelity Mining (FSAGX). It's a no-load fund and has low fees (.86%). It has all of the big miners that I like: Goldcorp, Yamana, Barrick, etc.
People want to know when I'm getting back in the market. Technically, I'm back in. However, gold mining stocks will probably perform well if the overall market does poorly.
Holmes
About Me
- HolmesOsborne
- Osborne Global Investors, Inc., is a money management firm specializing in the management of stocks, bonds, and corporate retirement plans. Holmes Osborne is the principal. Holmes holds a bachelor’s in finance from Syracuse University and the Chartered Financial Analyst designation. Holmes has spoken many times on the topic of the economy and financial markets and previously had a television program on public access. Publications that his articles have appeared in include: The Motley Fool, TheStreet.com, Seeking Alpha, and Investopedia. He has been quoted in the Wall Street Journal and Investor’s Business Daily. Holmes has also served as an expert witness in court cases involving financial ethics.
No comments:
Post a Comment