Carol Roth
π€ SpeakerAppearances Over Time
Podcast Appearances
It just maintains its price, but the dollar goes down.
And so if you're trying to hedge out against your dollars, you want to have some of your portfolio.
It used to be like five to 10 percent of your portfolio.
I am personally we're we're pushing towards 20 percent right now.
Just because we think that's what makes sense in today's day and age and it's expensive.
So dollar cost averaging is great.
You know, every week you put a little bit or every month you put a little bit in and whatever the price is, some months or weeks it's going to be higher and some it's going to be lower.
But over time, you're going to get that average price of where it's been and you're not going to wait and see it move up, you know, many more legs and go, oh, I wish I would have gotten in or if it falls down again.
you're going to continue to capture it at a lower price.
So you can't time the market on things.
So I think that's an easier place to go.
It's challenging because, you know, if you buy precious metals, you are paying a spread on that.
And if you buy it, you have to find a place to hold it and you have to make sure that it's authentic.
If you buy GLD, there's always a differential.
That's the paper ETF between the spot price of gold and GLD.
And sometimes it runs above and sometimes it runs below.
But it makes it easier to get in and out of.
I'd be very careful selling because you are taxed at a collectibles capital gains rate instead of a regular capital gains rate.
Don't sell it to anybody.
But the whole...