Radio Host, Chad Benson, Speaks Out About Snapchat IPO
I’m Chad Benson, a talk radio host. I want to inform you about the benefits of precious metal investments like gold and silver and why I personally believe investing today is the smartest choice you can make for your future…
Just a couple weeks ago, the company behind Snapchat, Snap Inc., went public. The valuation was a little over 29.3 billion dollars by the end of day one. While that may seem appealing to investors, we have to keep in mind that they lost 514 million dollars last year; that is a lot of money to lose.
I’m telling you this because I want to draw attention to the overvaluation of the stock market right now. A company can be worth 29 billion dollars, but not be able to produce any revenue in the long run. This is exactly what we saw with Snap, Inc.
I can’t emphasize enough how gold is a great long-term investment, one that is tangible and real. Those who invested their money in gold 10 years ago with prices nearing 300, would be very pleased with their returns today with the price that gold is at now.
I will guess that the marketplace is right for a downturn and gold is right for another run. Think of gold like you would think of a blue chip stock; an investment that you buy and hold on to that you keep as a downside protection, but also one that has a lot of potential to make you money, not just protect you from a downturn. The smart thing to do is to jump into a marketplace like this right now, with so many stocks being overvalued.
When investors are uncertain, they flock to gold. The reason being: It’s a safe place that offers upside value and opportunity. When you are thinking about investing as we all are, you should think about spreading it out over many different sectors inside the investing work. Smart investors should never limit themselves to stocks and bonds that could easily lose their value when the economy plummets.
Unfortunately, most investors do not understand the importance of diversification. For this reason, they allow their financial broker to guide and handle all of their investments for them. That’s not smart. Your financial broker legally does not have a fiduciary duty to provide you with the advice that will benefit you. In fact, it’s quite the opposite. They’ll recommend anything that will make them profits, not you.
In a market that constantly fluctuates, we need to keep in mind that stocks could collapse at any time. It’s only a matter of time, but when they do, don’t be surprised if you see a huge loss to your retirement savings. This is why we really need to think about how we can protect ourselves from inevitable downfalls before it’s too late.
In times of uncertainty in a downward market, gold serves as your safety net. Therefore, now is the best time to invest in precious metals like gold and silver. Regardless of what happens to the stock markets, you can count on gold to keep you and your family safe financially.
Till next time. Thanks for reading!