Investments in gold have been popular for hundreds of years. Although you can invest in gold futures, ETFs, and mutual funds—the hard asset itself is favored by many investors in the form of coins and bullion. For individuals who want to secure these assets to enhance retirement planning efforts, they can do so using self-directed IRAs.
You don’t have to be an Olympian to hold gold. In fact, some heavy hitting and well-known investors are confidently snapping up the precious metal as a hedge against a tough geopolitical environment that they don’t see calming soon. From global politics to worldwide economic struggles, low interest rates, Brexit, and even the United States’ upcoming presidential election—savvy investors are citing different reasons they are fortifying their portfolios with gold assets in anticipation of its cost continuing to rise.
Alternative investments include a wide variety of assets that many individuals acquire to build retirement income. While everyone agrees a certain percentage of traditional investments, such as stocks, bonds, and mutual funds, should make up part of your portfolio, diversity is essential and the alternative asset class provides exactly that.
By all accounts, the stock market has gotten off to an absolute horrific start in 2016. Nasdaq fell by more than 7 percent; S&P suffered nearly a 6 percent loss. The Dow blue chip-index plummeted by more than 5 percent. In fact, this has been reported to be the Dow Jones’ worst welcoming in of a new year since records on it have been kept—and that would be since 1897.