Novice Investor Loses Shirt, Cant Cover Pork Bellies

Although I was selling real estate instead of attending college in my early twenties, I got a chance to pay a lot of tuition to educate myself about investing. I had some money in savings and some mutual funds in an IRA, but they werent building wealth fast enough for me. Gold prices were up and going higher, so I took $1000 out of my savings and put it into gold futures. In just a few days, my $1000 had turned into $3000.
Rick Kahler, CFP, resides in Rapid City, South Dakota and is a fee-only financial planner. He is the co-author of "The Financial Wisdom of Ebenezer Scrooge".

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