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Old School Money Wisdom

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Hi Guys and Gals!  I am George Pierce, I am not a financial consultant, I have little expertise, yet I have had good luck when it comes to money.  Most of my luck is due to following my rich friends who have had good luck with money.   I would like to share some quick old-school insights about money and the economy in this post.  

Of course, I cannot make any kind of legal promises, this post is for informational purposes only. 

 

Gold!??

My rich friends have gold.  They actually own it, tangible gold in various forms.  Nothing I know of will outperform gold for an ROI over the long haul.  

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Investing!??

I am a huge fan of the Magellan Fund and have been an active investor in the fund for almost 40 years.  It was closed to new investors for a while, but now it is open to the public again.  It is available through Fidelity. 

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The Economy!??

Although the above chart may look bad, allow me to share what I believe is GOOD NEWS about the economy.  

Typically nothing screams a financial recovery like a meme supplies rally.

I do not have a crystal ball but I am confident about what follows.   GME (Game Stop, see below) was among the top traded supplies yesterday. 

AMC (above) was up over 3% (3.63%) and best of all, a sense of optimism seems to be back in the stock market.  When people feel good about the economy, the economy typically responds accordingly.  

Thank you for reading.

George Pierce

PS.  If you are interested in making money online, allow me to invite you to check out a way to make money on YouTube and never have to be on camera, never have to make a video, and never have to spend any money.  It is what is called a Faceless Video strategy (my adaptation), it is a strategy that I am personally using, and my Faceless Video Training breaks the process down into three steps that I lay out in detail.

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Comments

  • Top Commentor

    Hi George, as a long time believer in old school money wisdom the bottom line is "Don't spend more than you earn" and "Buy and hold real assets". Yes, it's not complicated!

  • Top Commentor

    Thanks George.  I follow a few YouTubers who advise to invest in Gold because when you hold it, you own it.  They are also investors, but I just never thought to get into it myself until listening to them, now you.  But when it comes to making money you should have an open mind. The stats you shared with Terri are very impressive. 

    • Top Video Contributor

      Be cautious of gold online, when purchasing gold, you can check the price online, then make sure you pay less.  Thank you, Robin. 

  • Top Member

    I love the title of this post George Pierce and this is good information you're sharing. Your tips and advice has been noted. Something to look into for the future. 

    • Top Video Contributor

      The best yield I have experienced, 29.5% over 2 years, doubles your money in under 30 months, thank you, Terri.  

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