The Prosperity Blog

Is Gold a Good Investment in 2020?

Is Gold a Good Investment in 2020?

We get questions all the time about gold and other precious metals. Our clients want to know if gold should be in their portfolio—and if so, in what form? We hear questions such as:

With a new recession upon us, is gold a good investment now?”

“Should I have precious metals such as gold and silver in my portfolio as a general rule?”

“What kind of gold is best? How should gold be stored?”

And so on.

These are questions that only you can answer for yourself. Our best recommendation is to do what you need to do in order to have peace of mind. However, we can provide some perspective that may help your decision-making!

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America Saves: The U.S. Savings Rate is Rising!

The U.S. Savings Rate is Rising!

There’s been so much bad economic news lately, we are thrilled to report some GOOD news for a change! Americans are saving again—aggressively. According to economic research data from the U.S. Bureau of Economic Analysis, the U.S. savings rate is at a 39-year high! The March 2020 personal savings rate was 13.1 percent—a rate not seen since 1981, during the Reagan years.

U.S. incomes are down overall. The government also reported that incomes dropped 2 percent in March due to the virus response. (Of course, people are not affected equally by this drop. Some people have seen incomes or business revenue vanish while others have been unaffected.) Spending has fallen much further—7.5 percent in March. Credit card usage has declined as well.

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Unlimited Wealth: The Many Types of Capital

Wealth comes in many forms, often described as different types of capital. And the good news is that even when financial wealth is disrupted, other types of capital can be nurtured and grown.

Sometimes income is disrupted, the economy takes a downturn, or investments lose money. Certainly, this is been the case for many Americans in recent months.

In times like these, it is imperative to look at the bigger picture of wealth and the endless possibilities of wealth creation.

The sum of your wealth cannot be determined by simply adding the numbers in your various accounts and investments. The worth of a person goes beyond net worth and cash flow.

Today, we review several different types of capital. While the value they represent may not be primarily economic, all types of capital represent real value. And with the right strategy, all have the potential to be converted into financial capital!

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Bad News, Better News, Good News!

(Wisdom from Peter Diamandis with additional contributions from Kim Butler)

Wisdom from Peter Diamandis and Kim Butler

You might tend to think that when bad things happen in the world, we get a lot of negative news as a result. Then, perhaps, when good things happen, the news cycle will improve. But have you noticed… the news is (almost) ALWAYS negative?

What is the impact of this negative bias? What draws our attention towards this kind of news, and what result does it have on our lives, our health and our prosperity? More importantly, what other options are available?

Today, we are sharing a recent blog post from Peter Diamandis on this very topic. It’s lightly edited as indicated with our own thoughts inserted.

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The Great American Debt Addiction

“An alien invasion comes to the United States threatening to take over the world. (Imagine screams, fear, and drama.)
How does the U.S. government respond?
It cuts interest rates!”

The Great American Debt Addiction

That joke came to us via an email from Todd Tresidder. It’s funny, sadly, because it is TRUE!

The pandemic revealed an ugly truth about our country: we are hopelessly addicted to debt—the cheaper the better! Debt is an epidemic that has weakened our personal and national financial immune system. And while we can point fingers at the government and the Fed, debt is also an increasing problem that impacts nearly everyone—from manufacturers to farmers, from small business owners to those in the working class.

Low interest rates may blunt the impact, but what’s the real cost of “cheap” debt? It can artificially inflate prices and undermine the value of our assets. The over-reliance on debt undermines our economy, our citizens, our companies, and the well-being and stability of our country.

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Redefine Aging: Seniors Thriving to 100 and Beyond!

“When life seems hard, the courageous do not lie down and accept defeat. Instead, they are all the more determined to struggle for a better future.”

—Queen Elizabeth II (age 94)
Seniors Thriving to 100 and Beyond!

If you listen to the dominant news narrative about the current situation, you might get the idea that those who are age 70 and beyond are all weak and vulnerable. Perhaps they’ve lived and given their best and should just dutifully prepare to pass the torch to a younger generation. And—for their own good—they should abandon all hope of new travels, adventures, or work.   

This perception of our seniors as primarily weak and vulnerable is, however, hogwash! It’s time to redefine aging.

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The Prosperous Pivot: Innovate for Profitability Now!

“Necessity is the mother of invention.”
—English Proverb

It’s been said, there’s never a shortage of money… only a shortage of ideas. And perhaps nothing proves that more than watching business owners, solo entrepreneurs and everyday people make extraordinary changes during this time.

Pandemic afoot? No problem! Today, we share examples of people who found ways to keep serving, continue earning, and keep employees working in spite of uncertainty, mandated business closures and distancing guidelines.

While the stimulus/relief checks will help many people, we cannot and should not rely on the government to solve every problem. People are naturally resilient and creative—especially when circumstances require it! And as we pointed out in a recent article on making money from home, the current situation provides an opportunity to start a new stream of income or even make a career change.

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Advisory services are offered through Prosperity Economics Partners, LLC (“PEP”) a Registered Investment Adviser with its principal place of business in the State of Texas. The advisory services offered by PEP are in no way affiliated with the services or products offered by Partners for Prosperity, LLC or the Prosperity Economics Movement. PEP only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. PEP’s Investment Adviser Representatives may only conduct investment advisory business with residents of States and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed.

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