Our Roadmap for a Profitable Year
Our advice: With the escalating cost of many forms of energy it’s critical that you and your family learn ways to save on your energy costs. For starters, we recommend two articles on Dolans.com: Become More Energy Efficient and Save Money!, and 3 Ways to Save on Your Energy Bill. And keep checking Dolans.com regularly. Coming very soon, we'll have more advice on how to cut your gasoline costs!
Gold: On the heels of a stellar performance in 2007, this precious metal should continue to shine for the first half of 2008, albeit with the volatility that often accompanies it. $900/ounce is quite attainable, in our opinion, anytime between now and June.
IF (here we go again) a deep recession is avoided, we would probably lighten our position in gold by summer. But, if the credit crisis continues to grow, we believe that $1000 per ounce is possible this year.
Our advice: We'll be sure to keep you posted, but consider gold as an investment only if you can tolerate risk. No matter how attractive it looks, gold is never suitable if you're a risk-averse investor. We believe that the portfolios of non-professional investors should never consist of more than 10% in gold.
In closing, although we see grave threats on the economic horizon for 2008, we believe there are safe investment harbors out there. That's where we want you to be, and we'll be right there with you every step of the way to help you find those safe harbors.
Remember, the watch words for profitability this year are: Keep It Simple, Stupid.
By doing so, you'll actually be smarter -- and more successful -- than just about everybody else, including the pros! We look forward to sharing a fantastic 2008 with you!
Here are even more ways to ensure a profitable year:
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Your Top Money Questions - Answered!
Have you ever wondered:
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102Straight Talk TipAging Parent DeductionsIf you provide more than half of an aging parent's support, you may be able to declare your parent a dependent even if he or she is not living in your home. In addition to getting the dependent deduction, you may also be able to take a tax deduction for your parent's medical expenses. To prove you pay the expenses, pay your parent's bills directly to the provider, rather than giving your parent(s) the money to pay the bill. Click here for more tips. |
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